Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1875-03-26
THE TYONAL WOODEN STOCK
ING BANK.

THE MA TYONAL WOODEN STOCK
ING BANK.
few DAYS since lawyer Of Staunton,
in payment Of some legal claims by gentle
men from the county, received from one
s4oO. from another $500, and from another
$500. and not one Of them gave check
every one paying in bank notes OF large
size. This is about as plain an evidence of
the boarding going on outside of the cities
as we have seen; it is the system OF deposit
IN the National Wooden Stocking Bank,
with the 'sold man. for President and the
..old LADY, for Cashier. Nor is it very
had hank. Barring the liability Of the
thieves who break in and steal, even
through the massive bars of wooden
stocking, and the fact that money depos-
tied there never helps anybody, except pro-
bably the rats, and doesn't make cent
for it's owner, it is as safe bank as we
know. But. besides doing no good to the
holder. it does him harm. When the
farmer keeps his money out of the bank,
which means out of circulation-out of
general use, he hurts himself quite as
much as he hurts any one else. He lowers
the price Of everything he has to sell. His
aour. his corn, cattle, fruits--everything
nroduced on his farm brings him less mo-
new when there is a tight money mar
ket. Directly currency gets scarce with
business men, prices of everything go
down; SO in the end the farmers who are
holding the money back are the losers. Ii
the currency now boarded in this county
were deposited tomorrow IN the oanKS
here. and they were enabled to discount
with their usual lberality, the effect Oh
the market would be instantaneous. Mel
chants who now buy scantily, or don't buy
ataj,. would be in the market for produce
at once, The seller would find five men
ready to buy his produce where he now
finds one. and we needn't tell cute farmer
that where he has five bidders the compe-
tition brings him quicker sale and better
srice, We presume that our county peo-
ule understand this sort Of thing quite as
well as we do, and that their holding to
the currency is not SO much from lack OF
knowledge Of the benefits of its dlstrlbu-
tion. as it is from extraordinary caution
uartly arising from the panic of year be-
fore last, What they don't see probably
is the fact that their money is absolutely
safe To answer this we have only 10
refer them to the history Of the banks OF
Staunton. In panic which carried OIL
the largest institutions in the county
they stood like rocks. No man has ever
lost a dollar by them. The principle OF
safety is the; first that is discussed when a
banking institution is proposed among US
In the last few days the plan of new
hank. about being started here, was
changed from State to National as con
eession. to the argument of safety, though.
half tbe capital has to be locked up and l.
useless by the change.
IT is very hard to argue mans money
out of his pocket. The very fact that 1t Is
there, is with him often the strongest, alic
sometimes the only reason for keeping II
there. He meets what you have to Sd.
with an indifference arising out OF fancled
safety, and answers your arguments aS Tic
buttons UP his pockets, with some old saw
such as "a bird i'll the hand, y &C.; but
indeed il the country people will think Ii
over. they will SEE that it is to their OWE
interest. to their Own profit to put TIT If
money in circulation. In the city, o
,.atter how little or how much our bu l.
ness is. o.r daily receipts 90 into the
banks. 1t keeps money going, and While
,va don't use it ourselves other people do,
and that enlivens trade, which IN turn
helms Ms. Men vino never expect to need
AN accommodation from bank are depos-
;+or. there Tt is trade lesson our farmer
friends should learn that is far better thah
the Wooden Stocking Bank, even with the
Old Lady for Cashier.