THIS BANKER THINKS OF THE WORKING MAN: SEES OBLIGATION
THIS BANKER THINKS OF THE WORKING MAN: SEES OBLIGATION THE proceedings of a State Bankers' Convention seldom interest the ordinary citizen, never the ordinary workingman. The last annual meeting of...
...Further, Mr...
...We are advancing him money on his crop prospects...
...Levitan "is that the man, who is most in need .of assistance is charged a rate, which if it is not within the legal definition of usury, is at least usurious in fact and in principle...
...They are not looking for philanthropy...
...And in furnishing this protection we should not talk of philanthropy, for it is no such thing...
...New York Tribune...
...The last annual meeting of the Wisconsin Bankers Association was different however...
...He needs it...
...Levitan urges bankers to develop a method that will provide loans to workingmen at a reasonable rate of interest, and provide for repayment on the amortization plan...
...Boston Transcript...
...Fixing the Blame A glue-factory stands near a certain railway...
...Levitan says: "We, as custodians of the community's funds, should not permit the nation's workers to be exploited...
...A prominent banker of the state Solomon Levitan, of Madison presented a letter, which is printed in the proceedings, sounding a new note on the obligation which the banker owes to laboring men...
...We have financed the railroads and we have financed the ocean steamship companies...
...Our banks have made business, in the modern sense of this term, possible...
...One morning an old farmer took the seat beside her...
...Ventilation "Why is this cheese so full of holes...
...He opposes the Morris plan banks, because "after providing a way to make the poor man a good risk,' they "proceed to charge him a big rate...
...We are financing the farmer...
...They are looking for a square deal...
...It Is a good thing for the community, for the state and for the nation to have our workers free...
...That's all right...
...We have financed the merchants, the wholesalers, the jobber, the re-tai'er...
...We have financed the manufacturer...
...Even now we are developing some new methods for supplying the farmer with working capital and are loaning him the money with which to finance his season's operations...
...The farmer put up with it as long as he could, then shouted, "Madam, would you mind puttin' the cork in that 'ere bottle...
...It needs all the fresh air it can get...
...Its charms are not for the nose, and therefore a lady often carried with her a bottle of lavender salts...
...As the train neared the factory, the lady opened her bottle of salts...
...The result" says Mr...
...And we should finance the laboring man also...
...Soon the whole car was filled with the horrible odor...
...He is the foundation of industry and all that makes a nation great...
...We should protect them from the loan shark...
...To turn this class of business over to a new kind of institution, and to legalize tho high rate asked, is to legalize the exploitation of the poor and is to provide by law machinery by which there may be developed and strongly entrenched a greater evil than even the much despised loan shark...
Vol. 9 • September 1917 • No. 9
