The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-06-22

ate bargaining for money After in
Producing the subject OF the Land
schaft system. he says:
For instance. here l. a landowner
will call him A-who wants to get
money on mortgage. l speak Of the
time when there was no lsndschaft. How
may he get this money lie has 20 go
10 the money market 20 find there a nan
who will give him money. whom will
call II. II viii not t~ very easy To lind
the man / call Il. because. for instance.
In time OF war. or panic. or In bad sea-
sons. there will be a scarcity Of money.
and II will be difficult To find msn
who has money 20 loan on mortgage.
And even In good times the difficulty
II very great for II. because he has To-
get valuation OF the land held BY e.
IL II very difficult task to get good
valuation. a valuation YOU can trust.
will have to pay a middleman to find l..
lie Will have TO pay FOR advertisements
In the papers and also for the valuation.
Finally. he may get the money. but only
at a high rate Of Interest. because lS
will always say. Well. you know there
- n scarcity Of mon-y. / want "a or
per cent As you see this - "A very
expensive way to gct the money.
Then II viii give he money only FOR.
say. or 10 years. after which he may
come In and tell \. Well. / want my
money: you can have ~ again. but now !
viii charge you ] pcr cent more than i
did for the first 10 ears and so. YOU
see. \ Is always in dangerous sitUa-
tion. He Is not sure that IN case he
wants the money he viii find money
lender. and when he has found one who
will give the money he f. not sure OF
the rate Of interest be will have 20 pay
10 or 10 years later
When the landschoft is established.
how IL money obtained? There is then
no relation between s. and 49, There ~
only the man 4 and ho goes 90 the land
schaft lie IL now member Of the
landschaft. you know. and he goes there
and says. 4 am a member Of the land
schaft and want m1rcy' He Will say.
Ny land j. worth so 00o'
Borrowing Power.
Tho rule 81 the lardschaft - that 81
will give the borrower 90 per cent 81
the value Of his land. that r. 20 say IN
this case. $500. First. there b. a new
valuation % the land. and you must no.
ticc that this valuation is made by ali
solufclN independent assessors. % H.
made first Of all by members Of the
landsc hart. by the landowners living all
around A. Two or three Of them arc
sent Co.. value the land. Then there l.
another check by an independent asses
sor-for instance. bv the professor ~
agriculture In our uUtvcrsity-nnd lust-
IS there H. check by the officials 81
the laudsChaft. So YOU Eet a valuation
~ the land which o. reliable. nbsolutoly
rule. ~ is an under, sluation. that the
real market value is higher than .hc
valuation given by the independent a.
SCISSORS.
The fandscraft thcr says Your land
has market value NJ $40 600 and YOU
can ret $50 nO0' Buf ~ viii not give
him this sum in money DO will give him
bonds. Fnr these bonds the gentleman
called a has 90 give a mortgaEe regis
tered in the books Kent ty the civil law
officer. Thus. YOU eco. there ia mort -
mortEaEe : gets bonds Co the nominal
value ~ $500.
What l. s 70 do with these bondsr
90 course. he does nee won't 90 Keep
tho bonds DE only wants the money.
and ar he will sell the bonds ile may
cell them himself through the banker
the banking department attached fp the
lands. hart They n~r sold for hIw fn
che open market q" o. buyer. anf nov
's srain earirs u.s. Hc is me
man Who blta those tnrda given POI s
ana tnHec hnnfa arc sold hy she land.
4a r.u zoo. t1s-e ia ra fire.- -s'afIr-
between a and r H does NOS know 8
an,d. y doe. ne s.now a. $780,. q,
1nl the IHr1srhnff and vrr' if che rr-
lHuun between and fnH IuuIernHfff
irEi ~ ~ b., ps sEssmins &c rsia ,l.,,.l
tho bonds and why does he buy them n
because thar a-e trust funds ir Trua.
orphans money may Do invested only
In ruvrrnWert or in lardsrhaft bonds
ara el Won viii zee Che extreme security
end stability ~ landsrhaft horfs There
Hre always men fr the mHrrHf who hove
trust money fH invest md rn any Hav
.gt an urne YOU can rsl these h17fs
fsreat rrf from 3 fut from me Iarrr.
rhaff Dr tfa fef ~ April re Fsfa
pr. ir's,',,, which as rlie g. ~
Tho fHrfH.faff
To Meet Expenses
NH| nov f"r fHr relation FH. rrH fH. a
iHrfrrhgff HrI a Tho Iar brfofs tho
IHrferHhff rrra FHe interest fl r
must rar Interest f.r fHa rnnrfrHrr o.
fha Iardr0hHff 1Hf chile u erf. 80
r-r cent IS will have fH ray G rrr cent