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Show NIGHT COMPANIES SHOULD BE INTRO-DUCED. INTRO-DUCED. The Knight companies struggling with deficits are not .so happily situated. Beck Tunnel, for example, ex-ample, has had to borrow money from time to time on its own notes. Seemingly it did not happen hap-pen to be around when the Colorado and Iron Blossom were making their 2 per cent loans. The average rate of interest it was compelled to pay is not given In the last annual report, but the total charges for interest amounted to $4,915, or nearly three times the amount collected by the Colorado and Iron Blossom together. The rate is certainly above 6 per cent and probably is nearer ten per cent. In the interest of economy it would seem that the various Knight companies should get acquainted. The Colorado and Iron Blossom might loan the Beck Tunnel some of their cash at 4 or 5 per cent, thus making more for the lenders and saving money for the borrowers. bor-rowers. Of course money payable on demand is worth less than money loaned for a definite period and it is also true that the Beck Tunnel is not in a position to liquidate its debts on short notice, but even at that the discrepancy between the interest rate received by two of the Knight companies and the rate paid by another is pretty wide. In a pinch Beck Tunnel can assess and its stockholders have always been prompt about settling. |