Show MUNICIPAL nrAL BANK n ic Owing to te the difficulty of marketing municipal na bonds bond b advantageously ly the cities dU of or Germany have planned a mu municipal municipal bank baak en on a large scale The want wast of 0 such an institution has hu been long felt owing to tho the fact that municipal loans have havo not mot mitt as 8 fa favorable favorable a recaption as aa the tho loans of ur mortgage banks banka in Germany of ot the federal and state governments and of ot financial and joint companies which usually pay a n higher rate of in interest terest At the tho present time hundreds of the German corporations compete with each Moh other In the financial market and labor under R l US disadvantages When unified in one contras central and well wen known institution they oan an obtain funds promptly and at a more taO favor favorable able rate of OC Interest than heretofore because e the bonds Issued by the great central municipal bank will command commanda IlL a higher price and find ready rendy disposal nl any Gay and In all alt Gorman German money markets market besides having fair prospects of coming In demand by In tn Investors The projected central municipal I bank is to Issue Its own ow bonds n secured I Iby by the tho bonds of oC the tho Individual municipal pal corporations co r which will be listed on all an the tho German bourses and cz cx C will und find Investment places in inthe inthe the of ot European coun countries L tries trl Netherlands ds Belgium Switzer r nc and England The corn com combined Indebtedness of German Grman com communities anti ana in having hATing a population of oC over was In the year 1881 but marks mark equate equals aqua cents in 1 1107 1101 7 It amounted to 62 96 marks marka and since ln then has Increased ed by several eral hundred millions This Th municipal bank will begin business s with a capital of oC marks mark Which twill 1111 probably suffice for fora a starter tarter It will certainly be increased if necessity requires In the mean meantime meantime meantime time tho the municipalities will not be at atthe atthe the Ute mercy erey of or tho t o bond d brokers |