Show BANKING OUT WEST HUM how greedy h faily molicy sit similes arias G ro r at tim hit ioor rai iBid my V b business vs iness said a banker from tho arld zone of I 1 western vestern kansas to a new york times reporter is to loan muncy tit nt high rates of interest I 1 know how to safely conduct that business in it tho the arid zone about nine I 1 established years ago b 1 my iny bank I 1 had capital A banking capital of 1 l would bo be laughed at iu ia now new york city but it is amplo ample for f or operations that tire mo carried on in tho the arid zone zono and my bunk pays a much larger 0 per cent of profit than any bank in now new york I 1 can gho the bankers who do business in eliat town and who think they know all about the business points on banking they sit it in their ollices and rub their faces with their hands and pretend to think about financial matters dad and thoy they talk learnedly about single and double standard and the surplus and tho the state of trade and conditions favorable or unfavorable to profitable banking but tho the truth is that they dont know hav to bauk to a docent decent profit prosperity of trade and indu industry 11 ho he exclaimed scornfully tl chathas Wh what athas lias prosperity general prosperity of tho the people I 1 mean got to do with hankinsn hanki ngn ho he demanded and thou then ho he added 1 I to bank to advantage o you must bank among 13 people alio who are hard up and who will cheerfully ully p pay ay reasonable rates of interest for the use ol of iti money oncy say from 3 to B 5 por per cont cent poi per month and the payment of each and every note that you discount should bo be secured bya chattel mortgage 0 laid on all tho the personal prop property orty own owned ed by tho the signer of tho note and in addition you must bo be careful not nob to lend too largo a sum to one nian man I 1 nover never lend a customer more than c except copt on thu final clean up and I 1 very beldom 1 anda ada man more than soo S oo 50 while sa 1 ij my iny favorito favorite surn sum to lend to tillers of tho the oal 1 never loan money moncy for less than 3 per vent tent per month if I 1 frequently charge 5 per cent and I 1 get higher rates for instance a granger camo came into my bank il few months ago ho he said 11 I 1 want to borrow for fit toon teen days 1 1 tl 1 I 1 said money is mighty scarce jack ii 1 I know it is ho he sald said chatis wh atis tho rate 4 jack 1 I 1 I 1 money is scarce mighty scarce but as you aro are an old customer I 1 wiil wid stretch a point in your favor you want wint 15 1 3 for fifteen days I 1 WellI well I 1 will gitil w lw l out the noto note for 30 1 0 how will that 1 I 1 good li heavens cavens 11 lie ho exclaimed 1 I thought you charged 3 per cent and ho e looked quite angrily at mo me 14 1 no jack I 1 I 1 said I 1 ti times mes aro are hard I 1 have to charge apor 5 per cent 2 and I 1 smiled sweetly at him I 1 well ho said af after tor a moments attempt to raap the interest problem I 1 if you are charging 5 per cent I 1 suppose that I 1 will have to pay it but I 1 think 3 per cent is suf interest for any farmer to pay tk ile he signed tho the note and tho the chattel to secure its payment and to this day that man inan believes that lie ho paid 5 per capt per month instead of 33 per cent and the merry inari y banker laughed loudly as lie added and those aro ara tl alio io sort of men I 1 liko to do business with 11 |