The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1908-04-25

labor and divinity) taking certain
risk along with him or not lend our
money 10 him backing our judgment
I In the matter OF farm loans ! have
referred TO as being so cheap a short
time before statehood. they are TAX
Ling a risk since then and why2 Why
IS il that friends or mine who had
formerly decided to make invest.
ments IN Oklahoma have decided to
wait? Why has the rate to bankers
and ON farm loans advanced?
II a man should come 10 your office
land say be wished TO subscribe for
your paper and Offer sou 81 per year
for your daily YOU would doubtless
4 leSplain 10 him that you could not
laell for This and when YOU were told
{ that you woil1 have TO sell at that
price or not az all what would you
Idog Sell az loss or qgit the busi-
nessg This may not be parallel
case. hut IL these nsury laws are kept
lup Il will force the elimination nf
some of the smaller banks and CON
sOlidations which viii eliminate COM
ipetitson and then your poor down
trodden farmer who las made his de-
mands viii have something TO kick
about
Il Is seemingly hard thing TO be
seen that when the,c hard laws are
passed with the intention OF punish
ling the banks for money lenders
and protecting the farmer laws
Iagainst corporations and bodies gem
lerally. that they react TO the dead
Vantage i'm the long run OF the very
lpeople the laws were passed for the
lbcnefit OF
WHAT do YOU suppose II hope MT
Editor YOU viii pardon me for plao.
ling you on the rack in lhis natter.
Editors like bankers are supposed
Ito be cuss and bomb proof banker
lcf your city would say when iaia.er
would walk in ana say Il want 10
borrow so for ten days | can mako
S5 out Of IL. what win you charge
me?" or n want 500. 30 days TO lake
lsome stock IN the Farmers Union
lCin on which we expect, by getting
together and boycolting the other
gins. 10 make pay few of as about
40 per cent on our Investment lonr
lhanker would be glad TO accommo-
date In either case am surc, yer do
YOU az any other man living have
1.-The netyA to say that this banker
should be required 20 lend this $40
\ nialle an his entries and go through
the regular rOntine With this note
(which he must do with all notes.
Taking the same trouble for II as
with $500 loan and an for the mag
nincent sum of and somewhere
near a fraction cents2 | think not
am sure 1t XIII cause you 20 smile
10 think OF these things. Yet on the
other hand YOU or someone might say
hut II The loan was Sl00 for three
mopihs and YOU charged me $50 fol
III that would be usury and wrong
40 more wrong under the law In one
case than the other and moreover
IA YOU knew what tho 5000 was %
cost YOU. and the price was too high
YOU certainly have the privilege Of
going somewhere else as no law car
and will force any man 10 turn loose
his own property against hiss Will
without proper compensation and
lunless for the benefit OF the public
and YOU on others are private indtfid
uals. | can't see how any tamperini
with usufy In any way so far as ;
law is concerned will help the peo
! lple Better let the rate be open, n,
limit SO that there win be encourage
lmeut 10 outsiders who are now uMil
labout investing or placing thei
funds down this way. and let competi
tion fN the rate, as il does la ever
other article OF which money Is onl'
a basis oi exchange. and according
no demand and supply. WIN not ioro'
the farmer or Others Undcr o yoke az
the money lenders are troced, by say
ing that they viii go TO the peniien
{. uary II they pay over SO much inter
, ostg Oh what q difference The sho'
J would be on the other foot and ihea
, personal rights would be ,rod upon.
s Now Mr. E,litor pardon me for ia
! etruding SO long Hpon yOu ! mean ~
/. reflections upon YOU, our lawmakers
+ the farmers or anyone In these mat
, ters / realize that We are all crca
4 lures OF circumstances and depem
d upon each other and should alway
\ endenvor 10 promote those thing
4 which are Tor the best interests loNe
4 10 per cent? OF the public al large
N IN am sure that an the dinerence
i among as will be seiiled down y
I q peaceful and happy SOLUTION az th
hands OF our lawmakers. have bee
+ ASKED io send IN q petition 10 th
4 lawmakers about thls nsnrf law pn'
incss ly hrolhcf bankers who seer
afraid 10 come out ia lhe open ana