The Washington times., 1918-12-16
THE BANKER AND CAPITALIST

We prefer 70 draw a line between these tive, Thss
S:H1T S.HEsS F 1 ons %ho buys and sells Money a re-
to pay back these cash credits at can or At hsd maturity
ing no interest only rendering the service OF sfe keee
oaning these cash credits those In need OF them
credits until returned making es or 6Sed maturity loans
and accepting commodity or other collateral or promise
cash credit Therefore the banker is really middielnaa
snohsr and IN reality S.ing the peopes money for rsas
from those who have a'h credits and
slant daily trade taking in cash credits delivering hese
credit. care Of their own obligations But his
other peoples money that thsy use and hesfcIe they
Of their obligation: on call or at maturity and returning
using Of these cash credits for the benefit pubic If
by lending cash credits for the purpose of carrying
and place Of consumption they can lower cost
eaGE OF EE Il. that GS ssSud ID H sE Ss @ E & duty TSy s s %
their community back to their community, possible
to@aIess pit Of the W.n Street. Teservoir
The banker, therefore should consider an Of thes.
he peaes with the cash credit deposited with him 5y his
community for but should redsbute such funds
the community IN the shape of sound collateral loans
s11 e1nS aS:S6 ,b.ob st The 8 sg5R S S % S %
Safi :aPPes Z: s s:A e. .ss SsT e s: %
munities -
The capitalist is different from the banker As We de-
fine the capitalist he is who ha; an accumulation oi
from the public using other peoples has not
viz to first see that the cash credit. Deposited With him
bfs s 10 s Be tine h OF h "ma oil & I
gain, unless the Investment abroad ". be reflected m the
lower of these commodities to the public who furnish
these cash credits
The national banks the banks the saving banks
the pEs S4k who Gd us ss.s Gsss peeR MONEY h &
demen buying and selling cash credits and should consider
be made on basis that win do the people the most good
To sell cash credits at very large profit just
per quart for it, for the .hOeman pay 500 i
n,entaT wrong to make more than IeSiti.ts proaf On
any transaction especially when the essentials Of NE are To-
VolVed in the transactions
To function properly, those engaged in the banking
business should make it possible to move commodities from
e ,nH snu an B oet possible rat. Of intereso sta1sd
Notwithstanding demanding ample commodity collateral
dollar received in the of over and
aet.d aeeTs Tna IN an tney adon Change 70 the Ultimate
the people who entrusted ste their % money yb to are
and trade in as middlemen
The purpose of this publicity call attention aad to
recommend the following:
l. The establishment of public government-eontrolied
issued as basis of collateral the lowest possible
interest o Pfn eb,Ese o be Dve srf Of !ndT e
credits against commodity warehouse receipts
2 The movement of commodities from time and place
Of production time and place of consumption whether
the place Of be Chin; M and the place Of
United States and place of consumption China should
possbe cost that banking acte, for the importation and
exportation of goods should be made available to every
merchant everywhere throughout the United States.
To stabilize the value of the American dollar every
where and with it, if possible also stabilize the money OF
other nations particularly that of allies that the
merchants engaged the important function of acting
middlemen between country and another in the
change of their commodities and in the movement of the
of life would be in position to deliver full value
to the ultimate consumer
T. The small borrower should not be made to pay
higher rate of interest commissions any
Accommodations obtained from bankers The rate of in
should be the to small borrowers
following the principle adopted by the Bank OF France