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Braggs Bugle (Newspaper) - February 13, 1913, Braggs, Oklahoma Heliotrope and Choctaw Oklahoma City Braggs Mercantile Co. That Not His 0#n His Horn Not Be To The Wainwright VOL. 2. 13, 1913. NO. 35 Laboring Mans Bank Such a Financial Institution Would Put The Money Sharks Out of When bankers loan they require some kind of If a prospective borrower has no security to to guarantee that the loan will be he has little chance of obtaining money from a Sometimes character is an asset will develop a One of America's leading bankers has said that be would loan money to a man without if the character is high But tangible security is not only by banks but by those who are engaged in making short time loans where the risk is considered to be la such cases high rates of interest are 10 per cent a month being a favorite rate for emergency loans to persons who are compelled to have money in a Loan men who charge 10 per cent a month maintain that the cost of making short time loans is just as great as for making long-time they claim that the element of risk enters largely into transactions where salaries are pledged by persons who are as a thrifty in money A now is before the legislature seeking to stop the high rates ot interest charged by the men who make short-time loans to those who are unable to borrow from and are forced to go to some other the 10 per cent loan man who takes since his profits justify risks which banks would not The legislative which seeks to regulate interest charges might go further and provide that cities could establish municipal banks and pawnshops for the purpose of tng money in in small amounts to persons who need money in times of Illinois has such a and its operations served to relieve thousands ef cases of Character should enable worthy persons of Oklahoma to borrow reasonable amounts without paying 10 per cent a Since the loan men stoutly declare that their business cannot be operated at less than the interest rates and since they declare that borrowers are willing to pay the high rates of law or no ing that such rates are about the only relief in sight for unfortunate persons to borrow money at reasonable rates of interest would appear to be in the establishment of a laboring man's bank operated by philanthropists under state regulation or by and for the benefit of those persons who are entitled to some consideration in financial even though they be At no time in the history of the world have the money lenders been Legislation never has regulated interest rates and probably never Yet there remains a way to provide cheap money for those who deserve the use of it. will do it. If the state will authorize the establishment of a poor on lines similar to those operated in other parts of the the 10-per-cent-a-month lenders will be forced to meet the The result will be a survival of the with character getting the recognition to which it is ' Praise Worth While Gene Flowers Sheriff Gene Flowers killed Luther Opry in self so declared a jury of twelve in district court at Wagoner after a deliberation of fifty This verdict was looked for bj the people Gene Flowers will continue as one of Sheriff Long's deputies so we are A Republican Editor Says Pleasant One hi the hide bound republican papers in Chicago has the following to say editorially of the cabinet Of the proposed Secretary of State it will a man who has a in favor of honorable and holds national higher than dollar That sounds like William Jennings For Secretary of the Treasury he makes this will be an old fashioned man who retains the idea that money in the United States treasury belongs to the American not to Wall street Sounds good coming from that Of the attorney general it will be a man who believes that guilt is and that managers of criminal corporations should go to And This paper does not claim to have exact information who these men will but it does daim to know what the country may expect from A general passenger fare of 2^ cents per mile on every railroad in will soon be effective if a passed by the senate Monday becomes a law and is
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