Show BANKERS REFUSE LOANS ON HOMES Discourage Men Who Mortgage Mortgage Mort Mort- gage Property to Bu Buy Y Mining Stock IS BUSINESS PROPOSITION Money Lenders Are Human Humal m But They See Advantage In Policy Y The matt man who has received a tip til from ClOIn runt hi lily friend aloud that lint there ha- ha been a discovery fn In sumo somo mine and amid that there will be mone money In III time the stud stOll in a few days had better trot not tell hits his ban bunker banker I 10 what he ho wants time Iho money mOlley fur for when he s seeks reeks to mortgage mortgage- his hum for fOI a plunge c Lucid han banks s. s or ur at al any rate rale of or them theta will turn the time proposition down Thc They do tIo not want to see a man mall throw Icon its hl away and nOlI they lIllY do donot donot not think a u man should speculate unless unless un un- un-I un Ic less he lie can afford to lose the tho mone money In Tn a sense eo tW far fal as ns could b h h. i gathered from Interviews with a number number num num- ber of bank banle presidents and cashiers Thun Thursday du the tho ba basks basics les assume n a paternal internal altitude c In ht cases of this kind A man hasn't any right till they say to tu leave leavo his hia family without pro pro- He lle should bu buy a l hume homo for or himself and find keep it Then If ho IH accumulates any surplus he may ruins speculate If H he hie cares to lo If he Ill incomes bo- bo comes come rich all right If Tf he hc lo loses cs his mone money he lac still has a home for fol hImself him hIm- sel self f Quite philanthropic you may say sar lJ but t not what we wo generally expect ex expect expect ex- ex front from money lenders Mutter of If s. s Tin TIll bankers deny however CI that ItI It II IIla ItIs la Is I a lo case e of sentiment with them Its o I i business thc lie they declare Of OC Of rr said Fald I F. F L C. C McGurt leGun in president of the rite Salt Sail Lake Security T. T TIu Trust crust t company bankers arc are only human hu hu- man No man wants tracts to be he compelled er to o go su to his friends friend's widow willow and tell hn her that he hc must sell her hel home p she cannot pay her deceased decca cd husbands husband's dt debts But Bul l aside III from that it Is not nul go d for 01 a business to he be placed in such a u that It must trust either cither lose loso money or 01 cause distress to the thc weak weal and un un- In protected Of course cOUlse a mUll man cannot dictate l. l to another bushiest business tI man as to where h shall Invest In his money Still I If we WC found Cound that he ho was leaving himself without protection we should un uri- undoubtedly double It h do all we wc could to lo dIe dl- coura ng such such action And nd we have hl efus cd to accept loans under such circling lances i I Institution has not met ml with l' l bong tendency to speculate oCi of oC WJ tl jet ur business It U is hI true consists 19 or emit of ft it of monc money loaned on onI v I Ill ehl ll ate hut but hutt It t t Is chiefly where the bOIro r l' I is pay ng for his honio ant II the II ill pl n. s I. I 10 tan lan lanah said ah 0 C. C I IIO IO o Zion Savings a bank hanl to lo a y I li jl 1 c a 0 mono money And nd If Ir we the c 1 he is cuing kilo Inlo a business of fir 1 cb i he knows knon's nothing and for COI wide he Pic IK is not adapted we should enlo en- en ilca ln LIl I lo tu discourage il il particularly If It Ithe Ito he Is 1 raving himself anti and family without without with with- out p Of or course If It he has ha other he hc has a right to do dohe ax axhe he Ice pl uses Not Nol ot so 80 much recently as a couple o of weeks ago o have wo had hall men conic come cometo t to us to borrow money on their thelt homes for tUI speculative e purposes We c discourage discourage dis dl- courage borrowing on homes home for Cor nn any purposes cs Sometimes a man Is forced lo lo howe cl But from a business standpoint time the bank Is nut not tr trying to gel get hold of the he collateral J It Il Is trying to loan mono monc money to lo keep kecil it In circulation If il it wanted security It Il could Into Inlo go u th the market and bu buy It II more advantageous advantage advantage- ous Then of or course there Is alwa always s 's the tho chance o of a df depression particularly ticul- ticul an arl arly y on long loans loan In t uch such cases an institution wants to be he in a u position where It can turn the securities Into monc money readily readily- I Money Market lal L Firm Canker Bankers generally generally- report that the money market I is now that hat in interest in- in 1 terest rest rates are UIe 1 or 2 per pcr cent higher in titan than an the they the were lath lat spring and that while there h Is monc money to lo loan the in institutions In- In as a rule Iule are arc tending to a aver avery avery ver very conservative o policy In Its di dis dis- dis The tendency of speculation of laL late late- ha has not nut at all alt been confined to mining stocks stocks' One Ono financier reported that Salt Sail Lake Lako county farmers Carmels arc ame con cony considering CI very favorably Ca a pros project et ct on foot Cout Co for I a n banana plantation t in tn Mexico Tho Time Informant stated slated that In III Inmost most of uC these cases however the themen men were acre asking loans that amounted to almost tho the s sale ale price of ot the thc land lanu they sought souS-hl to use as RS collateral I |