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The day book. (Chicago, Ill.) 1911-1917, February 13, 1914, NOON EDITION, Image 6

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1914-02-13/ed-1/seq-6/

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I
IN 'POOR MAN'S BANK' HONESTY
. IS 'SECURITY FOR I OA
Atfanta, Ga., Feb. 13. The Atlanta
Loan and Savings Company is its'
official title, but everyone in Atlanta
calls the most remarkable bank in the
United States "The Poor Man's
Bank."
It was founded as a protest against
the loan sharks, lives up to its name
in spirit and act. Its basis of credit
is honesty and labor, the only capital
a poor man has. To draw money
from this bank all the borrower needs
to do is to get three reputable per
sons to endorse him as honest and
industrious.
On this security "the poor man's
bank" will advance money for a term
of 52 weeks on dollar-a-week pay
ments. Eight per cent interest is
charged. Each borrower, whether his
loan be large or small, subscribes
for one or more shares of stock, ac
cording to the amount of his loan.
This stock is hypothecated to secure
the loan.
At the end of the 52-week term the
borrower may surrender his stock
9.nd cancel hfe note or he m?y rc
invfst it in bank stock.
"The Poor man's Bank" is At
lanta's protest against the loan shark.
It is not a charity, it is a business
proposition, with W. Woods White at
its head.
Last year.it made 1,155 loans for a
total of $150,552, and it has practical- P
ly put the loan shark out of business.
o o
HALPIN BOUND FOR COAST TO
GET JACK KQETTERS
Capt. Halpin and Lieut. Zimmer of
the detective bureau will leave for
San Francisco tonight to get "Hand
some Jack" Koetters, accused slayer
of Mrs. Kraft
If the coast authorities release
Koetters on a writ of habeas corpus
Halpin will swear out a warrant im
mediately and apply for extradition
papers.
.San Francisco, Cal., Feb. 13.
"Handsome Jack" Koetters today re
peated his denial that he had killed
Mrs. Emma Kraft in Chicago, but he
admitted that he knew her.
"I was in Chicago in November,
1912. I am uncertain whether I was
there November 14. I knew Mrs.
Kraft, but never took a dollar from
her. This is the first time I have
ever been arrested. I am a teleg
rapher and came here a year ago. I
have worked here and in Los An
geles and Sacramento. When I get
to Chicago I will tell all I know."
Koetters had a letter addressed to
Mrs. Kraft in his pocket. The police
refuse to give its contents.
o o
TROUSERS FOR WOMEN
NeW York, Feb. 13. "Warm and
discreet," said modistes of the
"trouser-trotter" creation for. women
which has just arrived from Paris. It
consists of a slit skirt the slit almost
to the knee with modesty appeased
by a pair of trousers underneath. The
trousers are creased,- but deceptive in
that they only reach to the knee,
where they are held by elastic bands.

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