The Boise citizen. (Boise, Idaho) 1906-1910, 1907-11-22
GIF7 TO STANDARD OIL
INV RFpIRIICAN PARTY RETURNS CAMPAIGN
~" CONTRIBUTIONS MANY fold

- are not always dull and the Examiner wishes today to
h attention of its readers to fascinating little problem IN
'A that is probably the most wonderful thing in the text
e tg finance and which developed in its completeness
ago. when the New York City National Bank paid fifty thou
l dollars and concluded purchase of the old Custom House.
:; New York says the San Francisco Examiner
~ the problem successfully solved by the Standard Oil Com
v which owns the National City Bank
G0ep:
Alot and building in possession of the United States
government Oorth $3,265,OO0
How 7vouId you get possession of this piece OF prop
eytv and make o5er $5,OOO00O on the deal IN e'gM
wears 7vlom using any of your money?
Now here is the solution worked out by those Standard O
fnancers
Fret tev bought the old Custom House from the government
for So 600 by the process of drawing check Tor S9oo
and dnoting this in their bank the credit OF the United
States agreeing to pay the remaining $4,000 when the government
moved into its quarters
Tbn thew CHARGED the government $13O6OO year rent
The taxes on the property if belonged to private owe
world have been about $4,000 year. but they had not pau w
last $4,000 the of the property remained with the
even though the government was paying rent iof IT, h
The use of the governments $9215ooo which remained " m
National CITY Bank was WORTH per cent SIPS 1000 year. VI
course nobody could borrow at per cent interest "
Even the city of New has pay per cent on ITS Dona
It is eight years since this remarkable bargain was made ana
the government just moved into its new building e' ~
problem stands follows: eooezoo
Agreed price the old Custom House
Received from government:
Eight years rent at $3o6OO @i'Of''
Eight years interest on $325Ooo cen...... lOS'O
Eight years taxes at $4,000 0O''''
sa6a8soo
Total .................... ,oo
Actual cost of the old the National City Bank
Value of present @ soo
Profits to the bank in the
In tb ay members in the first class arithmetic 1t VIII DC S
that the National CITY Bank made over five million u
eight years without spending a cent t ;b+ wears
AS to why the government should have paid rent lo 1
on its own property anybody that asks that queSuon - ~
of being described as an anarchist and an assailan o W
property which designation might be appnu from
pronery for which the government paid rent should De eN
:4ho,,+ nav
AS far as the bank having the governments lloNe' w.
ING interest for it-what governments 1or' h o1ac
Of course an ordinary business man would no' - himself
Of rs;neOo until he had another ready, and would nav
made the profit consequent the increase IN vaue I ce
rent R+ would Won expect Secretary of the Ohleu +I
Treasury to do business like ordinary business me- ;9
when the Standard Oil is the other side OF INC "
REPRESENTATIVES of several the leading magazines o. hin
called upon President Roosevelt few days ago anu ed
to order an investigation of the paper trust "i L mas
do The price of paper been constantly gong up bound
few wears and more recently has been gong up Dy ~ fac
With n,;sas of still further advances, Not ultn ~ - 1
tlrers side has heard will we be ae " u the disar
ton A few things are already known ho"e , o,,antite
nearance Of timber as paper manufacture requires & y
P - ~ . ,1d naturally tend upward also tndt Nv"
~ m tariff Of six dollars per ton was placed On m - In,
tred article and with tariff OF two dona P @ and that col
her Is not difficult to that prices Wou " ,,+elv stole
s,e of Daners would have millions OF dollars ~ pros1en
suhelS oi PdPe w. - 80 CONGRESS We suppose our fIeS
-, - 1.od 70 investigate the matter has Noeu nrho
-: e he FIRST vote to the last, which occur Gu a. " f
fan connle Of weeks ago. And he will conpliue a ~
Such aboninabe horsepay rank ana Sie
,,oer Sunday asked 'What is money
Nt b1io seen any real money for several dy e He is