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Newspaper
Russell Banner
Location
Russell, Manitoba, Canada
Date
Oct 03, 1912
Page
4
In The Grain Growers' Guide C A Dunning urges amending the Bank Act to allow farmers to assign grain as security for loans. He notes current laws favor dealers and hamper farmers, calling for Western agricultural groups to prepare a case for Parliament to revise bank lending rules.
A Western merchant at the Associated Boards of Trade convention admits that credit customers fund the bills of nonpayers. Honest customers prefer mail order goods as credit prices fuel loss for merchants who extend credit, risking drafts and damaged manufacturer relations. The piece urges merchants to abandon charitable credit practices and read ads in The Commercial.
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