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Show THE SALVATION ARMY LOAN. Fraotloal Flan to Provide for Poor at ' Big Cities. The floating of an issue of $150,000 thirty-year, 5 per cent gold bonds by the Salvation army, in furtherance of Its Western colonization project, calls public attention to what is without doubt the most practical and the most rational plan to provide for the poor of the great cities that has been attempted at-tempted in this, country. Like every philanthropical enterprise of this character, the Salvation army colonization coloni-zation scheme has its business aspects as-pects as well as its humanitarian side. Projects of this character fall in their, humanitarian purpose unless they cam be successfully financed. The bonds, about to be issued are to be secured by a mortgage upon the colonization lands of the Salvation army, which now have an estimated value of $250,-000. $250,-000. That the investment in the bonds is regarded as a good one, not only from a financial point of view, but from the standpoint of a sane, practical practi-cal and worthy scheme for lifting up' the submerged classes in the large cities, is shown by the fact that $120,-000 $120,-000 of the bonds have been taken by. Senator M. A. Hanna, Myron T. Her-rick, Her-rick, Washington E. Connor, George E. Hopkins, John E. Mulholland, Benja- ' min F Tracy and others. That there -can be no question about the social and industrial success of the project-is also indicated by the fact that there are now on file applications from over 1,000 families, now residing in large cities, who are anxious to secure the privilege of settling on a model farm in any of the three colonies that are to be established. The project is far-reaching far-reaching in its industrial, civil and humanitarian hu-manitarian possibilities and merits public encouragement. Chicago Record-Herald. |