Gunnison news-champion., 1913-07-25
Or Wadhineton Letter .
AND BANKS Of PRUSSIA
AND GERMANY DISCUSSED
By CONGRESSMAN KEATNC

haFs ~ pee csUs 1t the apprassed
valssssaa- Schnesdss aGs~~s, the
mortGAer - esscSsed and Sckses<ser
receives . <sosd fs she s~osus a
h's sas>oAes, saaasd By tks dss~c-
tors of sAs Isadsch&ft. H sslls tkss
bond % she ey~a aarkes end pock
ess shs psosssdA
SchaGdss y shaso.A . saall Sse
~ nssst sAe expssses q ske lsad-
schsh. end ~ isexPsC>sd ~ ssss ske
lntesess cAasnss On she bond
shosld ~ dsfssls sae lssA.chsh 10
aashosised ~ sske pusssusisa # HE
farm sad ssll II - the hsghsss bid
der. No eosrs psocesdiAas sse re-
CURED The dscisioa a the direct
oEs of tks lsndschsts 10 6nal aud there
is no appeal whsa Schsesder's =
land - sid, the boad 10 sedeemed
with the proessds and the bslsace,
# any, rs ssssrHed 70 AdolpA.
Lcw RATE OF INTEREST.
The interest On the bond rangee
from thrse TO foSr percent. There
is an unlimited demand Cor them, in
fact they co@msnd . higher price
than the sovesnuess bonds which
draw the ssne rsse of inasssst. The
four percent slwsys eo~nssd par
and somstines . slight pFsmium.
They are in particular demand ~
Investments for trust fsnds and for
beqassss left 10 widows end or
phants.
1t con be readily ssen that conf
dence V the very cornerstone Of such
a system. The Prussian and Ger
man uovernments maintain ~ rigid
a supervision Of those lsad banks
that investors never question the
value Of the bonds. They know that
The security 10 ample and that the
bonds viii be redeemed ON maturity.
BENEFIT To ooMMUKIrY
Wksa the fsrmers Of Prussia wish
TO ssssblish . csanery. or Aosr mill 1,
o. bsss ssssr factory, they do not
have 70 wait, cap in hand, in the
anti room Of some bankers Office.
They con. through the landschaft,
become their OWL bankers and pro-
noeers. Such money - they need
ios legitimate enterprise may be Sc
c~sed for not 70 exceed four per cent
and they pledge o. security their
fsrms-the best security known To
nan.
The same thing, or something
very like il, can be established right
hero Ut home. Why shouldn't the
farmers Of the Arkansas Valley own
the beet sugar factories? Why
should the Milling Trust control all
the elevators and Touring mills and
6x the price paid for the farmers
wheatp Why should John Smith,
farmer, Monte Vista. pay 3 to IL per
cent on the mortgage on his farm,
when Adolph Schneider, farmer,
Prussia. pays only fourp
Is it because John Smith is less
intelligent than Adolph Schneider?
Cent an American do what q Prus-
sian has done for years?
Isa't it about time for our Uncle
Ssa TO put aside his pride and his
ignorance and self complscency and
SERIOUSLY consider these things?
WILL REPORT IN DECEMBER
The Presidents commission 10
sGill in Earope. 1t will probably
nske . formal report TO Congress at
the regular session in Deosmber
A. tAs commission 10 made up of
disGingsisked men Of wide expert
soos ssd keen intelligence, it's find
in1 shosld have . far reaching in
Assscs o. legislssion.
OF courus the co0miasioa will not
ooafss IL inquiry 70 Esrope's land
bsak sysAsa, il will sssdy sad re-
poss - sooe of Tie OF sAooas Of that
wsAsa. IL viii coaGder the CO.
spn.Give bsaks which TIE Esropesa
issuso ksve ssGsblisAsd with the
nsssy they ga throagA The lsnds.
cr.ae sd ths cooperative societies
~ kAve f.a.osd Sor Tie collective
purcAas Of their rsquirDonas asd
49, ,N~rH,v~ d;MHpibmflnm n thesp