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The Commoner
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ESTEY ORGANS
'.' . have done more to carry the name and fame of American man
ufactures around the world than any other American product.
. Procurable from music dealers in Iceland and Tasmania; Lin
coln, Nebraska, and Irkutsk, Siberia; heard in the palaces of the
German Emperor or in the humble home of the American
v laborer; wherever good music is found you will find an Estey.
-J
ORGANS FOR CHURCHES, SCHOOLS,
THEATRES AND RESIDENCES
l Estey Organ Company
(Est. 1846)
BRATTLEBORO, VERMONT
SOUTHERM
IDAHO IRRIGATED LANDS
No drouths. No floods. No crop failures. Mild winters.
Cool summers. Good water rights. Land very fertile and pro
ductive. Price $45.00 per acre up for fully paid up water right.
For further information write
W. B. MILLSON Jerome, Idaho, Box 266
Biff .COSH Profits Foi Vou
vm
r-S-3
Wo will nut you In
your. own. muck.
.k on can rto
ato roports:
L" Itrvnnf
.rrui. -...... , . -,
wi Mjiw.1 "'"no t.uu in u Hours.
Evans of MIm., saw 'Mndo $15.75
Inst TuBdny Porry, of Ky
"Made .950.00' In 8 days iinnl
urods of actual, bona fldo letters like
tnoso ou fllo.
fc ta.your,6hacoto get out of the
i0.?1,00! ."no "4 tho "pay on
volopo" brlttado. Bo a ono mfiiuto
photosTiiphor. Now businosa-tro-inondoua
.opportunities tho world for
yourflold-travol or at homo-all or
?aJ?i5i?J.rb,B' llu,0,c? 0,0RQ proQts
tOTJ? u?1?08 PRf JM, picnics, on
'Mtt0J'' 'n tUoamall towns, In Brest
fun'on. atroet parados, aviation
KlftT 0Kln atoncv3-nret
ffi-j, mlnuto and ion Mnko
000. on ISvory Sale Dnn'tHni."
ron't wait aot - wrlto at once
for comploto froo Information about
The "MANDEL"
.PostCard Machine
now
urns
Uie spot '
Photos Direct on Post Cards
Without Plates, Films, Printing or Dark Room
o et the money. Wrlto ttOV&LT ON&iT&U2oN H&tkSSSBH
THE CHICAGO FERROTYPE COMPANY
-hm tu -.j Diancoy St.
210 Farrotypa Building
" Laflbt StsM Chlcae
er
NwYrk
War Against Loan Sharks
-v ,
Tho following dispatch, dated Ber
lin, January 2, appeared in the St.
Louie Republic:
To obliterate the loan shark and
enable American wage earners to
borrow money easily, cheaply and
under self-respecting conditions, is
the underlying purpose of a great
banking enterprise shortly to be
launched under the auspices of Julius
Rosenwald of Chicago.
Mr. Rosenwald is about to leave
Europe for Egypt, prior to returning
to Chicago at the end of March, and
has given a detailed account of the
scheme which, in many respects, is
unique in the history of American
philanthropy.
The plans for the establishment of
Mr. Rosenwald's first bank, which is
intended to be only the forerunner of
a great chain of similar institutions
throughout the United States, are at
the point of completion. The bank
will be opened in Chicago with a
capital of several hundred thousand
dollars. The aggregate capital, when
all the other banks which are pro
jected are ready for business, will
approximate $5,000,000.
Mr. Rosenwald does not aathorize
the statement, but it is understood
Andrew Carnegie and Vincent Astor
are prominently associated with him
in the enterprise.
"The object of our industrial loan
banks," said Mr. Rosenwald, "is to
make small loans at a low rate of in
terest loans cf so trifling a char
acter that the ordinary bank would
not consider them to working men
whose means are too insignificant to
give them any standing with the
banks. Wo shall require no col
lateral, but simply an indorsement
from some fellow-wage earner. These
banks, it is hoped, will in large
measure eliminate the loan shark
evil now flourishing all over tha coun
try. We aim to kill this 'system,
which encourages the small man to
borrow beyond his means. .
"No loans will be made by our in
dustrial banks without conclusive
knowledge that the money is to be
used for legitimate purposes. An
other feature will be the issuing of
certificates in small denomination,
purchasable on small weekly or
monthly payments and bearing 5 per
cent interest. These certificates will
bo redeemable on demand. A work
ingman is thus encouraged to invest
his savings.
"As the chief object to these banks
is to inculcate thrift in the small
wage earner, he will be enabled to
borrow in an honorable, businesslike
way should he find himself in finan
cial difficulties for any legitimate
reason. He will then be encouraged
to save once the crisis is passed."
ST. LOUIS BANK A SUCCESS
The Republic tells the following
story of the successful operation of
such a bank in St. Louis:
The system by wlilcli Andrew Car
negie, Vincent Astor and others are
planning to start a chain of poor
man's banks throughout the United
States has been in operation success
fully in St. Louis for a year.
The Industrial Loan company of
730 Chestnut street, of which James
Gay Butler is president, yesterday
celebrated its first anniversary.
The concern is capitalized at $200,
000. During its year of business,
4,500 loans were made, totaling
$424,000. Of this amount, about
1-2 of 1 per cent, or $1,800, was lost
on worthless negotiations.
Not more than fifty indorsers were
compelled to pay for defaulters and
several of these losses gradually are
being refunded by the makers of the
loans through Ue bank.
"Since we commenced business we
have forced nineteen loan sharks to
close their doors," said Arthur A.
Blumeyer, the cashier, yesterday, t '
"There now are only twelve con
cerns of this character in the city
and their clientele is decreasing. We
were forced to change locations three
times because of our quarters becom-
ing crowded.
"It is estimated that more than.
$17,000 has been saved by customer's
in usurious interest. When a bor
rower explained he was indebted to
a concern of this character the ofil-.
cials of the bank paid his indebted
ness and then loaned him what he.
needed in addition to the original
amount paid out.
"Although the 'poor man's bank' '
operates under the Morris plan, it,,,
has many features that this system
does not include.
"Beginning today we will issto de- '
posit certificates in $50 amountsVr
amounts, which will bear interest at..
6 per cent and which can be with-,
drawn in thirty days.
"The association also conducts a
savings account department. Fre
quently a borrower wishes to make- .
more than $1 payments which are .
asked on a loan. We cdvise him to '
make only the $1 deposits and to
place the remainder in a savings
fund."
.
Mr. Blumeyer declared he expect- -J" .
ed the Industrial Loan company 'to- ''
issue $650,000 in loans the coming
year.
The clientele of the association' in
cludes men of all trades and profes
sions dog catchers, organ grindersj -K
carpenters, lawyers, physicians and'-'
small merchants'. " '"!' Xt
Of the directors, James G. Butler';"'
W. F. Carter, F. B. Eiseman, W. H.
Hoxton and W. J. Kinsella meet '
daily and pass on all the applications..
.
Let the
Breakfast Gall 3
mean a dish of crisp,
golden-brown r
Post 1
Toasties
served with a sprinkling of
sugar and some rich cream.
This delightful food ;
made of choice Indian
Corn flaked and toasted
is ready to serve direct
from the package.
Just the thing for break-j
.fast, lunch or supper, win- -ter
or summer.
A try tells why!
Toasties are sold by.
grocers everywhere.
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