The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1908-04-25
NARROW BANKER
COMES BACK
tcontinued from Page 2.

-a
for aiding in collecting some $4,000
Of ihe paper Of the failed bank This
foolish law therefore. did what? II
worked a direct loss on The deposit.
orr who had their money deposited
and which money was loaned to the
public who Ia turn took advantage
OF the law which was passed 10 pro-
ioct them from the hank In 1901
TIN rate for farm loans in Old Okla.
h0lnn near us was " per cent and
money was poured into this section
to be loaned In Comanche county.
'fhe rate attracted al this money
from other states. and soon the rate
dropped 10 10 per cent later TO .,
then to s. and only q short time
before statehood. loans on choice
lands might be made at as low as
uer cent interest There was 10
nMiry law passed, no agitation OF
these matters BY formers who can
ana viii see only The big | and little
Won in such matters aud money was
more plentiful than a few months
after when statehood glorious state.
h0od with an its benefits and We
have becn getting laws ever since
thai show SO plainly that at least
IN some OF them prejudice against a
claas or corporation. or that public
sentiment regardless Of facts and
conditions that might and should
modify the demands OF iarmera, all
have weight with them that is sur
prlslne
Where Is the cheapest money IN
the United Siatcs2 Doubtless you
viii say New York city Why don't
they PASS an awful usury law up
there They have barrels and bar
rolls 0f money 10 what we small coun'
try hankers have. but they are allow
"a 10 handle their money as the mer
cnafi does his sack OF flour II iioui
Is scarce Il goes up Z, may not have
cost any more. but the merchant puts
ID nn and u The public want u they
must nav the price: II they don
they are allowed the privilege OF go
lne elsewhere lf wire goes cp oi
Is reported 40 have gone np. farmers
and an take II as an accepted fact
and nav more for II to the merchHa'
who hns Il and may have had 4 for
months before the rise II cotton
goes un Il is taken as natural anc
flehiful prolit 20 the farmer and h'
SELLS az he don't want 10 conien,
FOR more on borrowed money at u
ner cent?. and we ~ rejoice Will
him II labor rs scarce up II goes
Tho merchant buys pair OF shoei
so days time for $3.50, sells them q
cash for $2.75. a wagon for 500 or ial
time sells Il for $50 cash and do W.
haukors and others howl about ask
re what ncr cent he Is making on BIZ
.inoncy? rs not his property his an'
10 sell ~ moi as he sees iitf Is no
tho money the stockholders put Int
This bank n loan 20 the bank Is no
the money the deposlior puts here
loan 10 MS. and maze We or shoni'
Wo not IN Justice have the same rieh
30 lend our money or 20 allow the US
OF Is ai any price we shoulc see ~
rapardlesa2 II money is plcntuN
Mil NOT competition cut the rate lns
~ Il does when all merchants ar
overloadcd with tlOnrg And whe
times are close and we cannot bofroN
money from Other banks except a
rme to them of s or even 10 pc
cent should we he expected q
lend this money "a the same rate q
these moor down irodden farmer
who have demanded that We be PA
none 10 tie rack Ia order 20 aeeon
modate ikemg Why not lut a pric
on their cotton n price on their hoe'
az olher commodities that we bani
crs might buy aaa hold 4 they mad
ne price cheap. and make wi'h ou
money. the prohl they make win
when we advance a. 10 them 70 hu
shese very hogs wthg Oh q 'dliie
not case entirely2r Not az all Il
inst difference this way There ~
more farmer lawmakers than nan'
efs. more think one way than .th
other 40 paiter how high iari
tools eo aOur. shirts horses an
mules. ibey are 10 be lurnished /
those who have io borrow our none
ai rs per cent Interest and II no Gro
Is made hy the larrcr, aud deposil
are down as they always 50 down :
ne summer. regardless OF our $40
al the question We are either 20 len
ihc farmer and Carrying hlm oh n
snoenlalion he has enierea into
i0 her ceni Cox hc dQef epcenia'
tlSf ne viii with the AlA Of ou
money his brains and the AID qf n