The Tucumcari news and Tucumcari times., 1911-02-04

crs ~ the interior began 30 feel the
pinch ~ y shortened money market,
by common consent they attributed the
cause largely to the enormous sales Of
motor cars. For months, by every means
possible. they discouraged borrowing
for the purpose of buyinR automobiles
indeed. they deprecated the purchase
" without borrowing, for u meant money
withdrawn from the banks.
On. farmer. who wen, ~ country
hank ~ obtain u small loan ,o make
such paymcn, was me, with; Not u
dollar. I, IL had hnancicring, aud YOU
are f""liSh Ia inv"s, IN such luxury. 90
q" i,u' l have a farm worth $4,000
clear ~ mortgage, aud will have wheat
aud cotn ,o sell that will ne, me $4,000
when marketed -
I'VE canno, help Il no loans for
motor ears.
IN" farmer went "a nrighhor who
owned ear. N" nciRhbot loaned him
the money, borrowing II at the bank
himself for the purp"s", and N" ear
WIS bough, H. on" community where
many farmers own ears such refusal
WAS resented by sympa,hising neigh
hors, AND the hank lost 100000 IN depos.
~. such experiences have brought q
change in the bankers attitude, aud.
grucfally. they now make q good loan
without asking questions.
tn" "ri"rt of Western banker. to "s
.rn the expenditure for automobile,
was made b"caus" such purchases mean,
the sending "f money out 1T the com.
muni,y. Nebraska issued 5,5iI meteor
ear licenses from January 'o Nov"m.
h"t ! : 'hc numbers u"w run 10 it.2s2
nll issued IN nv" wears. Tn" ears prob
ahl, rust ~ aVcrag" ~ ~ least sl ,OUo
"nch total sli.2s2 .00o. Kansas showed
7 last March by assessors returns p.3ii
/ "ars. of which i.3Ia were owned by
ears. costing tl2,Hno ,0oo; Oklahoma has
/ S.o0O ears costing ts.00O,00O; Missouri
has Ia.sOD. Taking the thr"" state first
named, selected """nn" 'h"y represent
agricultural communities wh"r" There
- "'l"""i'' "n'hnsi"Sm Tor 'nch '"h'"i"'
among farmers ~ well ~ among towns
men, NOR" 'h"h f"''zNs'"" mas ""i
l"ih i"f thls i"Fm Z" mN"S'm"m "
nv" wears w" '"''N""h R'' ecu"
cent; '"''""''""' ma been -"n' :" manu-
'h"'u'"rs NOT '" mention nearly hal'
w" cum t"' "Hn'Pm"h' ana "rk""p
I'h'" ""ndrr 'h" w" h"nLers hishk'
!" So" m"'"f ears com" '" 'h"'f '"tr'
TORY
The cashier ~ u trust company sai'
"f hi' deposit account W" nr" g"'
ting less money from III" country banks
aud IN" aut"mohil" does i'S part In r"
siri"'ing ,h"s" funds. The farmer wh'
had $500" In III" hank buys car, an'
n"w h" has t2ooo. Or h. sells grain 10
sl,Sn1; formerly IL was all deposited
and IN" ~ 90" buys ear. Not mucI
IN an" instance. hut when u runs q
thousands IN q state with 500 400 pop
uln,ion II means u condition that mus
Il" f""k"n"d with.
On the other sid" i I" h" "onsid"r"'
III" IN" Ia which III" owner puts his car
On" interior banker marked this vi"'
saying; 81 alwav, have been q litil
optical about this antomobil" "ra2,
u Ill the other day, talked with nn In
Genital friend ~ min" who loans ""h
81 i"tnl,lr money. tcpl"r"d the idea -
p"opl" putting ~ much money In 'h"s
machines, and b" laughed ~ me. Vncl
John, h" said, 'doat YOU know tina
all III" automobiles IN Kansas. for IN
stance. 40 not represent one half III
money spent for whsk.y and hccr''
Well, Thought the matter over an
concluded that he wns right and tina
pr"pl" ~" only getting NOR" for 'h"i
money than they did twenty wears as'
Nnd, ven knew, ] think an autnmobil
IL II great thing for III" farmer, ,o'
Why, farmer fifteen or twenty mile
ou' can GENE "a town with q load d
produ"" IN q third of the tim. b" use
tu. II a pleasure 10 com" Ia town nov
. instead of hardship, ~ II was VIII"
o wns q hoy. II wcr" q farmer,
! would certainly have an au,nmohil