Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-03-21

the government causes lower tnte
60 be charged individuals than would
be charged II the government paid
morc2 Much weight must be given to
tho mere ppiniun expressed 10y man
of Mr. Trcpts ability. lie Us speaking
ON a subject TO which ne has given
wears of thought but the weight that
Mir 'rhclts words have, merely os
coming from an authority on the sub
jcct ciscussod. can be reinforced by
reasons that the average man can I'M
derstand.
BANKS AND INTEREST
Ry reason ~ their right TO issue
notes to the amount of the bonds
they buy, The national banks can lend
money to- the government az very
low rate of interest More than this
the ability to issue notes enables them
to lend to individuals at a much lower
rate than they would otherwise charge
They uin afford TO lend money to in
diViGuals 1t n low rate. ana what men
In business can afford to do they do
where number OF them are compel
ing with each other II borrower must
get his money from ono bank or do
| without the bank can make him pay
| as much as 1t thinks he can afford TO
| pay 1f, however, there are number
of banks from which he can borrow, ne
can make the bank lend him money as
| cheaply MS It's officials think " can al
| ford TO lend it.
When the government paid "a per
| cent interest. Mr. Treat says indiNid-
| uals paid a minimum of per cent.
| They probably paid then an average OF
~ pVr uSn'' .NoN' S ilni'i,s ~ oIo,,t
~ /" i,o', 49,, 49, p,'' e. ~ irter-
| ~ - - - 80, 80, ~, . no.. cont
e , ,, ,,.t,t bas If ,lone
80, ~ s',,,,Do ~ ,,n,,,t;mc bonds
~; ,,,,, So,,,tin,, ans. loans cxcept such
| ""' - ~ = a., -. a., hnrlfs ~
| ~ W. H..1u' ~ 49, Az 90 nav,
! lNls toui,' a., nHa ooo ~, ,,. na,,, or
- ~ ,,,,,,irnd ,,i,lions
! t'iN Nu,,' iJ ~, a,.,, h,,,,,,oI ,nd
| ae - ii,i, IN 40 soxinr Nv Inc
~ NJ n'a'iVii, - ~ e. b,,,d,,cd
! ut'tS min, MI; ,,ea,l,, t,,,nnt,,
/ ~ ny , ~, i,,+a,.,st +l,a GOV;
.,l.ie ~ a,,,,,ai, - the interest
eli.''Si'' p,'S t+,,G ,,ao,,S, Than n
t"v, ,,5,,.S 80, h,,t Gar the influence
WI" .i, ,,,,,,,,,,,t rato /, ,anresents an
o,,, 49,, s,,,.i,,, t,vice as preat MS the
Interest navnents on bonds.
st,or,rD r,yU p,,,e,A1rrIONs
~
MI PRESIDENT thlnN our pteSe sci,
currency s!steliI plopeilS aI''ei .'l',
prove 'rucn pe',ei nun "it a9s. si,,iiit,
/ IeHVN' iheie - w S'e.'' a io4'i"li ,f
oil expansion IN the ASS. c9ipemtS pia,i
| ana 700 great Possibility oi h'.e u''' ~
IN tue supply, we need 10 Jake tns
| proper precautions TO AVOID pahiSs II
! we can ana II we cannon uNpiu u ii,l,
/ we shouiu take steps 10 coilioa' 'i'ei''
W.T. III, n.o,,,a +ho ,ao, co, to nm
! assot currency issued by the banks? A
| limit that is not fixed by law is not
| fixed at all. If ii is left TO the Judgment
of men. il is left under varying CON
| troll An asset currency might be ex-
banded before the vital need of expan-
| sion came: and II it We're so expanded
il would only add weight to make the
| final crash more destructive The de
! mand for money has for years been
| growing faster than the supply, though
the sunuly has been growing rapidly.
An asset currency would have met this
demand as ii increased day by day The
/ recent panic was caused by a panic in
| all lines that banished caution and in
| vited recklessness in it's stead If the
expansion had been greater. the panic
would have been more severe
cnN,ERN1uENy,r C;rrARANTy
........, -. II.
- ~" q a. ~ $3.50
loti,s hepl ~ py -,
apliltE ~ Splu. ms iii,s' Silaii
" II Itual,N su"i any ny ~ 80
eIllilel,' ana cuulu i,ot oe oIil ',, N ~
suataiiteeu; 30, oi,e nailh, no, an .'i1
~, Noulu him tlils ~. s',..s So
ne pe'lli' arg "
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