Mountain Home maverick. [volume] (Mountain Home, Idaho) 1906-1911, 1907-11-21

is getting five or ten dollar clear :
ing house certificate illegally is
sued and illegally circulated. He
is toId.to take this or nothing, as
his money is loaned to the money
hog in the east, the corporate glut-
ton, the Je y money lender, who for
the last forty years or up to the
past five years ago, owned the
west, had a mortgage on everything
tangible in the west, the man for
whom the west labored and strug-
g1ed and paid his annual stipend
in the form of interest He is the
same man today who has the
money of the west and tells the
west in no mild terms to go to
H and he will repay the money
when he gets ready.
Take the railroads tor instance.
For the past six months every dollar
received in the railroad offices
fora freight or express has been
shipped to the east in the form of
currency. Will someone point out
or show the people of the west to-
day where the Hartman railroad
system keeps dollar on deposit.
They will not even take a re-
mittance from the west in the form
of bank certificate or draft, but
want the daily receipts expressed
directly to New York or Salt Lake
and then to New York. Pay day
comes around and the employees of
the railroad gets voucher which
when signed becomes a draft on
some bank in New York-the en-
ployee takes his check to the little
bank, and, as a matter of courtesy
they cash it for him, and the same
is forwarded to New York for COL
lection.
Now the present money panic
comes on and every dollar is being
shipped out by the railroads and
this Mr.. Hartman continues to
issue vouchers payable in New
York. Seven-tenths of the money
in the country is on deposit in
NewY ork and not a dollar of these
deposits can the country bank secure
to keep the business of the country
and TO accommodate and
protect the man of monthly toll the
banks must continue to cash Mr..
Hartman checks no matter what
hardship it works on the country
at large.
The banks of Portland have sew
enty million on deposit. This
weeks Monday Oregonian has
quite a lengthy editorial on the
financial situation. They quote
an interview from some leading
financial heavy weight in which he
says that six millions of dollars
are loaned in Portland to the mcr-
chants and to commercial inter
ests and that these interests cannot
at this time time pay the banks,
and in consequence the deposition
must welt 1t is quite comperi-
son when we stopIand consider that
of the seventy millions of hard
earned western dollars deposited
with these so called financial Giber-
affairs, that the magnificent sum OF
six million dollars has been loaned
to the commercial interests of the
country. Where are the other
sixty-four millions? Possibly five
millions have been expended il
government bonds to. secure a cir.
culating medium and possibly from
eight to ten millions are invested
in municipal bonds and their like,
but still there is remainder o.
fifty millions of dollars that has no
been accounted for. Where is tina
money? That is the question tine
country is asking today and unles:
the depositors of this northwes
are bigger set of fools than W,
take them to be, they are coins
to take some steps to have this ques
ton properly answered. We ar,
satisfied in our own mind that thi
money is loaned to the none,
sharks in the east and on those so