The Anderson intelligencer. [volume] (Anderson, S.C.) 1914-1917, 1914-09-22
10000 ooooooooooo 900 o o o o .
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Warning Against Cheap Loan Scheme p
o sey 5s s.; s.sI ss. d \. sg. s s,5 sa .ssS p
% o o o o o o o 900 900 o O o o o o o o o

Q o O O O O o o o o o o o o
Some one recently remarked that 1t
was astonishing haw hard some men
were willing to work In order to make
a dishonest living. The field OF rural
credit Is already producing a number
of examples. Certain companies are
actively at work promising farmers
cheaper money than anybody else Is
able to get on equally good security
Tho cagerness with which some are
accepting the bdit Is one indication
OF the need there is for a sound sys-
TEN Of rural credit 1t is not wholly
the fault OF the farmer who Is taken
in. A great deal OF mental energy,
combined with marvellous skill, ts ex-
pended In preparing Boulscompe
circulars which seem to promise the
farmer everything, but really promise
hiur thing. II as much thought and
skill wore exercised in trying to con-
vert sinners, we should be very near
tho millennium. iS
Stripped OF verbage, and words
which darken. rather; THAI enlighten,
the scheme iS essentially as folloWss.l
EIch. q company offers to lend you
money on goca security at, SAY 3 per
cent intpgeHt. hI,ss 10 aliop ynn 70 re-.
pay the loan In. ensy monthly ifStaii-
fnents ON the amortization plan: This
sounds hlluring, and; If yol are not
too persistent in asking what you are
TO get and.;when you are to get It. you
sign an application for q loan on
these favorable terms. In a. few days
you RECEIVE from such company d
.Hrp ~ >nvf rNs r..It1
applied. The contract which You re.
ceiye is duly. signed BY: the officers
OF the company. Then you realize that
the application signed by you and the
contract 1igned by the officers Of the
company together constitute a valid
contract, and that you; are now in for
it. S :, q. .sys5 ~ 4 ~ " jS5.. 8! 81
Under the terms OF the contract you
are to. begin at once paying off the
debt of, say, $1,000 at the rate Of $40
q month, hut you have not got your.
81 900 yet, Moreover. you do not know
Just when you WILL &C It. The only
thing ynn knn@.tls the. you have SCI.
to go right on paying $40 a, month.
You have, however, the promise that
whenever; the. company has the money
to spare. you Will get your loan. An
other WY OF saying the same thing
,sii, |,st a. ri, Z, ~ = =, = -
W. ~ ~ ns''.s ma sasn
snH ,hat tha. W., sss s3,. ar
1ga1nan M Sshna @ 90; .,,.ss 1S,' ss - 49, ks
JAZZ ] I. A. 1s ,.st n ths . : pean.s ~,
~ 31ns l.ss ~ - tns coinpaMy sels
vsy M ~ .eilus * oH, = .nsse llen
ssn ~ !, Ms n Sulm ~ nsn yous talN
p. m,,s, -. - s,.s'" .ils1s Sis lSi' y
80, soSSi set Z Sui s.lI y money
- now, where re- does TINS KIND OF com,
pany get the money orr which 1t lg going
g lend 70 you and the other gentle,
men men WHO have signed these contracts? !?
Rhys it gets y frgm q yon and those,
same me gentleman. ana from no ono
sise. sgeaking 70; ali ol you coslecAye g
IL y. says. a IN effect, "Gentlemens this
company mas NO f money q lts own, but
il syoG ege IS VIII pay your money into its
sfsNaa Z N " I've VIII !. tnen be glad 70 ient!
security. !. on very fsyorahls terms, an,
9ss g ss
saen 9 Ssagsd getting