The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1920-05-05
COMMUNICATION

/ rise to a point of order and
while | do not wish to defect from
the object of the meeting, neither
would ! cause any undue excitement
or disturb the peaceful slumbers of
some of our worthy citizens, or
cause anyone to throw fit, or pass
out of existence on account of heart
failure or generosity, wish to ask
If we have a building or loan asso-
citation, locally or otherwise, COM
posed of private parties, or in con-
nection with any of our banking
systems.
Sir, in seeking this information |
have no selfish motive in view, or
desire to create any panic in the
money market, but purely from the
standpoint of a citizen, with kindest
regards for my fellow man, cause
and prevention.
Cause-That some others may
have vision of what might be done,
get busy, and by their assistance
help bring about the desired result.
Prevention-If l had such an or
ganization it would keep our money
at home, where it would be. invested
and help build UP our town, and do
good in so many ways that all bust
ness men would receive the benefit.
have given this subject thought
so many times, and my attention has
been called in this direction by what
other places have done, and the fact
that outsiders have been and are
at this present time soliciting here
offering the small inducement of
per cent.
One man approached me today
and asked what | thought of taking
stock in the Pacific Coast Loan COM
pany located at Tacoma or Seattle,
and that there was a party in Black
foot who was offering stock and that
it would pay per cent and that you
could draw your money out any time
after six months
My reply was that if you have any
money to give away you need not go
any further, that l had had bona fide
cold cash experience, and was
trimmed to the tune of about $3.50.
You know experience like that is
genuine, gold edge, and does not
have to be framed and placed on the
wall in order that you will remem-
Der it, and the saying a sucker is
born every minute" comes near be-
ing true, and it happened to me,
that was one of the suckers, but did
not ask him to pay.
IF we had had at that time a
building and loan in Blackfoot the
probability is that I would not have
been separated from my money and
someone whom | knew here would
have had the benefit, although
small; and the man who was work.
ing the 'get rich quick scheme" is
most likely living in a mansion on
easy street, which he bought with
money gotten. in this way, and has
sign on the lawn, Keep Off the
Grass" If you feel that you must
fill up in this way go around in the
back part of the lot as the grass is
much higher and it won't take so
long to satisfy you.
Also advised him that there was
savings account connected with our
banks which paid 4 per cent semi
annually and that the interest was
compounded each six months.
This goes to show what is, has
and can be done and it strikes me
that we have people in our midst
who could take advantage of the OPP
portunity, invest and buy homes, if
they could build, and repay loan on
monthly installment plan like rent;
and l know there are quite num-
Der who have the money so that
they could purchase lot or lots and
pay part of the purchase price of
lumber and carpenter work and who
can be interested when houses are
so scarce and no doubt would be
glad to avail themselves of the
chance.
1t looks like we are very neglect
full, shortsighted or Indifferent or
so absorbed in other ways that we
have not taken hold of this matter
long time ago, and by so doing
could have had a greater Blackfoot,
as well as greater Broadway, and
ask no odds of any man, when it
comes to taking the step, and see to
it that those who can and will take
advantage of such and build them
selves home in which to live And
not only this, we may have some
who have homes and who have va
cant lots that would build, and who
have not the ready cash to carry out
this plan and provide more houses to
rent, so that people who come to
Blackfoot to locate will not be COM
PEELED to move on on account of not
being able to find place to bring
their families, which has been the
case.
1t is possible that we have such
an organization here, and if so,
have not heard of it.
4, l. "a 4 \