Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-06
How the Government Aids
SPECTATORS and Hurts
Farmers

In the new Postal Savings the deposits amount
than $36O00000 The Government pays only per
cent interest this large
deposit small 10 cents received by the Postal Saw
ings Banks and allowed to deposit than 5000
More than 100000 have thus left their savings with
the Government AT LOWER INTEREST RATE THAN is
PAID BY ANY OTHER GOVERNMENT IN CHRIsTENDOM.
What does Government do with this money? Does it
these pennies Of thrifty patriotic people to aid the in
dusy production Of the country THE FARMS FOR
INSTANCE and benefit the small consumer
Not ALL The Government in the Postal Savings Bank
does not the of the country even the
postal depostors worthy of any special consideration It
the interests of private bankers Of the first
sideration paramount in Importance Postmasers
CURED Immediately to redepos all savings received by them in
the nearest solvent bank willing to accept such deposits And
although part of these deposits may aferward be invested in
United States bonds, the banks MUST ALWAYS BE AL
LOWED TO KEEP THE GREATER PART, OR Go PER CENT
OF THE TOTAL DEPOSITS OF POSTAL SAVINGS.
What does the national bank do with the money? 1t
hidden loan any of any farmer upon the security of his
farm matter how good real security may
But the bank free to loan it to other customers
send it to any Central Reserve City New York Chicago
St LOUISE where the money used for the part pro-
speculative operations Exchange grain pit
The Government of Germany has given to loan
associations making speciality of lending money farmers
improved farms at Az per cent interest
The Government of France helped to lend
ing agency furnish money French asa per cent
interest
the of England traditonaly cruel and
unjust Ireland has provided Royal Commission Irish
Land improve the farm conditions of Ireland providing
money for the farmer at about 312 per cent
But in the United States the Government the small
savings of the people pays per for them turns them
national banks expressly forbidden make loans to
farmers.
THE AMERICAN FARMER is FORCED TO PAY AN
AVERAGE OF 81a PER CENT FOR THE MONEY ESSEN
TIAL TO HARVEST HIS CROPS
The six million farms of the country carry average debt
of 81 000 They support twenty million workers They
feed the hundred million Americans And they an EXCESS
INTEREST CHARGE OF 210 MILLION DOLLARS a year
alone 3 per cent instead Of per cent? the reserves
all the 73 national banks country amounting at the
Comptroller statement $40 million dollars are deposited
under the law Central Reserve Cities for the of specu
lators in stocks and bonds and to finance trusts
Is there anywhere such perverson of government as ths
Was any guilty of monstrous favorit
ism than the United States Government long shown to the
pecuao and the banker who by themselves create nothing
the to and the actual producer by themselves pro-
duce everything that eat require for our health
wellbeing?
Was there monarchcal government in the world 50
hearess and shortghed the Government our own olor
country when takes the savings poor people who trust
the Government than the banks then uses those saw
show that the Government itself trusts the banks more
than the people and willing that the and Spectators
shall prosper even at the expense of the peOpe2