Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1916-01-02
LIVESTOCK MEN
ARE INTERESTED
IN NEW CONCERN
perfec ting Of Stockmen S.
Guaranty Loan Company Isl
Certain to Supply Final.
Linz in Prosperity Chain

Perfecting of "A financial organize
ton likely 60 have an important inilu-
ence upon the future growth of Albu-
querque, and reasonably certain to de-
velop into an active promoter of pros
pcrlty among the livestock interests
~ the state. is indicated by an adver-
Using announcement in this morning s
journal by the Stockmen's Guaranty
Loan company, Of which w. &. Ocs-
trcich Is president and the active or
ganizing head. The announcement
contains not only a comprehensive
statement of the company's purposes
and its field Of operations. but car
rics also u report by A. G. Whittier,
state travelling auditor, which gives
the company clean-cut certificate
Of high character and sound financial
responsibility.
The announcement and the report
of the travelling auditor are worthy
of careful reading by business men
throughout New Mexico, since this
company, if it carries out Its present
plans, Is likely TO play an important
part in financing the livestock indus
try Of this state during the next few
years, and il reasonably certain TO
keep in New Mexico a huge volume
Of money that now goes out OF the
state as the production OF cattle loans.
The fact that the organizers are Albu-
querque men and that the company
recently has established its permanent
home office here. following the pur-
chase of the business block at he
Suath Second street, have importance
to this city since the company's OPP
erations will tend to center the in
a.. q t.xl, Of
New Mexico in the city from which
its work Is carried on.
1--WE feel that our organization has
now passed wholly out of the incubat-
ing stage" said Mr.. Oestreich last
night, and that we will be able to
proceed Immediately with the activi-
ties provided for in our charter and
for which the company was organized.
Stated briefly, we expect To be able to
supply long time cattle loans TO New
Mexico cattle growers upon conditions
that will keep large volume Of
money at home. MS well az TO bring in
a large amount Of money from eastern
and other financial centerS. Our live
stock industry has been almost wholly
financed by eastern cities In the past
There ia no reason why this financing
should not be done at home, and our
company proposes to do II. We hope
to build up here one Of the great stock
loan companies of the nation, and
with the field surrounding us we are
confident that we will do 1t.
Some time ago j. II. Nations, pres
ident of the Panhandle and South
western Cattlemens association, point
ed out in an interview in an El Paso
the need this section has
of Just such an institution us we have
established out Of his wide expert (
nnee with the stock industry in the
southwest Mr. Nations declared that |
il cattle loan bank with a capital |
stock of $500,000 was the greatest
need Of his home city Of Eel Paso, he /
cause the banks there were not pre-
pared ana would not undertake to fl |
nance cattle operations on the basis
and the large scale which the well |
and proportioned develop /
ment of the industry demands. The .
whole southwest. he pointed out, goes I
EAST for its cattle loans, not to vest
I'm or central cattle centers, but to 7
EASTERN money ccnters. lie declared /
I 100000 institution the imperative
need of the livestock industry of the .
southwest. While this company ~ IN
10 sense bank, II carries out in It's
plan all the requirements of the in
Mr.. Nation pictured. | be-
ieVe we have completed the founding
lcre Of an institution which will play /
/ very important part in the develop l.
ncnt of New Mexico, since prosperity /
Tor our livestock industry Is bound to
contribute materially to the genera! !!
of the state.