Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-12-15
THE BANKER AND CAPITALIST

,,n We prefer to draw line between these The
ceving from depositors credits against his obligation
to pay back these cash credits call fixed maturity
ing interest only rendering the keeping
and Charging rate Of interest for the use of the cash
credits until returned making call fixed maturity loans
cash credit Therefore the bankers is really pIK mddeman
buying selling cash credits buying from one Selling to-
another and reality using the peoples money
distributing to those who need cash credits It CON-
s ssaht c6ed n ons a credits
cash credits to take of their obligations But
u the
e1 at with a s ba e n M
using OF these cash credits for the benefit of the public If
modities essential from time and place OF production
9 that ou S BE- e s they oad srs
consider the duty of lending the cash credits received from
and pumping station credits away
fo 0% Unit and put them into the everlasting bot
The banker therefore, should consider all of these
% I and dd not to do
for but su FUNDS
the community the shape of sound collateral
mnty be With
app I es snd then to to the the oer
munities.
The capitalist is different from the banker As we de-
sash credits Of hi: which he sell satisfy
the pc not using other neoo od
the responsibility the public that banker has
for the benefit of his country and not sent
@ 01 Sosd Will fe
lower of these commodities the public who
The national banks the state banks saving banks
the private banks who use other peoples money have their
demen buying and selling credits should consider
above everything that the sale of these cash credits should
f sell large profit just as unpar TH"r
able as for the I nan to five and
pair of shoes and charge $500 for it is funda-
When the s IN"
volved in the transactions
To function properly, those engaged in the banking
business should possible to move commodities from
time and place of production to time and place of
ample commodity collateral
s @ @ n
above what they legitimaey entitled receive
the people entrusted money them WHY'RE are
really the of the funds which they bankers,
The purpose Of this publicity call and to
recommend the following:
The establishment Of public government controlled
issued basis of collateral the lowest possible Of
interest Three is fair for the Federal Re-
credits against commodity warehouse receipts.
g. The movement of commodities from time and place
the be China and the place consump-
states nd the of G
facilitated through banking institutions at the lowest
expectation of goods should be made available to every
merchant everywhere throughout the United States
g. To stabilize the value of the American dollar every
where and with it, if possible also stabilize the money
other nations particularly that of allies that
merchants engaged in the important function of acting
middlemen between country and another ex-
change of their commodities and in the
essentials of life would be position deliver full value
o the ultimate
a. The small borrower should not be made pay
higher of interest usurious commissions for
accommodations obtained from bankers The of in
should be the small and large borrowers
following the principle adopted by the Bank of France