Emmons County record. [volume] (Williamsport, D.T. [i.e. N.D.]) 1884-current, 1921-04-28

highly desirable patron today, meets
reverses and becomes a liability mex,
year--either with or without being al
fault himself. In the course of bust
ness, many Ct those borrowers who ap-
pear good, meet reverses. Then what
does the banker do? Does he proceed
to foreclose when the loan comes due ?
He generally tries to figure out some
way of increasing the probability of
that borrower eventually paying his
obligation. First, he tries to collect
the interest due, and to renew the
loan. Generally, he finds it necessary
to advance additional amounts for
seed wheat, for stock, for supplies, OF
for something else to keep the man
who is indebted to him from throw
ing up the sponge" And suddenly
the banker discovers that in many
cases he has extended credit so far
that at the annual meeting of the
stockholders some Of the loans must be
charged off the books as a loss to
the bank. In other cases, as a last
resort. foreclosure is necessary. Then,
the bank finds on it's hands property
that it cannot use, and often, that it
cannot sell.
Tie borrower has his troubles. But
the agency that makes business of
making loans has its pitfalls to avoid,
as we'll. The banker must be ready
at all times to meet any demands Of
his depositors. That requires addi-
tional thought and worry. AS Dor
rover, and as one who has had a
chance to watch Dakota grow from a
wild prairie to a settled improved
state, we have had chance to appre-
ciate that any line of business en-
deavcr has its troubles. The merch.
ant, too, is not getting credit for all
he has done. 1t is no uncommon
thing for your small-town merchant
to worry and wiggle to meet his finan-
cial obligations because he has Dor.
rowed money, bought goods, and then
sold those supplies to the public or
credit with their resultant losses
through non-payment and with &C.
counts unpaid from year. to year.
But, while we are considering these
things, we must not lose sight of the
fact that the men who till the soil
and who CANDLES his years earnings
against drouth, against hail, against
rust, against fire, sickness and poo,
prices, has problem of his own.
The thought occurs to us that the
farmer is not improving his conditions
by damning his business associate:
whose interest are so interviewer with
his own. Neither would we look fol
the merchant or banker to start we'll
organized propaganda because the far
mer demands unlimited credit or Otter
does not pay his interest when the
note comes due. Rather, it would
seem that each class of business shoulc
place little more confluence in the
well-mea ming of the other. A little
more frank discussion of mutual prob.
lens, a little closer community spirit
would help.
More detrimental than the drouth
grasshoppers or rust, are the dema.
gogues without conscience, the worth
less, shiftless scum of humanity that
refuse to work at anything beneficial
but living the lives of teaches on So
ciety by preaching class-hatred and
dissatisfaction with life. And the
newspaper that lends itself to the
same form of propaganda is many
times verse, for it's influence is many
times more. No wonder that the man
who lends himself, for few paltry
dollars, to such a scheme wakes up
some day to find himself sort of
outcast among men.