Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1884-12-22
A WARNING.

he late mania for speculation that swept
he country from ocean to ocean and turned
so many heads aud emptied the vaults Of so
many banks has caused among the body Of
bank depOsitors feeling Of insecurity little
less than an absolute panic. In the present
age of telegraph and newspaper facilities
hat place this news instantly before the
PEOPLE in its most glazing and sensational
form, such feeling is most natural, GER
tainly, but that it is wildly exaggerated is
equally certain. There is a class of people
who at the present time, look upon banks
generally as the acme Of insecurity and
would no more trust ther hard-earned all to
the care of these stone and iron vaults than
they would to the care of the first passerby
upon his bare word. They consider their
own closets and presses infinitely more Sc
cure and in corners of these and in the
time houored old stockings they allow their
wealth to accumulate. The fact that they
have money on the premises inevitably be-
comes known and sooner or later they are
robbed and perhaps murdered. Mr.. and
Mrs Henry Workeuour are a couple whose
recent experience win serve to illustrate
the foregoing. Mr.. Workenour is an old
man who by his Efe's industry succeeded in
accumulating snug little fortune of four
thousand dollars. He became frightened
by the reports of breaking banks several
months ago and drew the money from
the Bank OF Wheeling where he had
previously kept it. Sunday morning
at 3 o'clock six masked men burst open the
door 81 the house and confronting the aged
couple with reyolvers enforced silence on
ain Of death while they gagged and bound
them aud their son, and throwing them on
bed beat them horribly. They then ran
sacked the house and carried OF the old
mans life savings.
Such cases as this are Of almost daily
occurrence and are infinitely more numer.
Gus than the failures of barhs Hundreds
Of dollars are lost to the body of the people
By robbery where one is lost through the
failures of banks. Aside from this is the
important item Of interest upon the prin-
CiPal deposited, in many cases sufficient to
meetthe current expenses which would other
wise necessarily come from the principal
alone II timld people would but give the
facts here suggested their careful con-
sideratiou they would unquestionably reap
the reward in decrease of robberies like
that OF yesterday morning, and an increase
Of wealth and peace Of mind. The man
who keeps his money on his premises offers
premium on robbery, murder and arson.
On the other hand the chances are one to
thousand his money is safe in bank. But
it any mishap befals the bank the depositor
IS pretty sure Of getting his money. De
Positors in all national banks are bound
to get il because of their almost
perfect security; and there is
but little less risk in the
State banks. In West Virginia every
bank stOckholder is liable for double the
amount of his stock. In the City
Bank of Wheeling and Bank of
Wheeling. which are private banks,
the firms are Individually liable. In sll
cases of failure the depOsitors are the pre-
terred creditors, so that extreme financial
decomposition must have honeycombed the
Institution if the depositors are not cared
Tor. But say ones deposits do suffer? No
worse is likely to happen, although that is
bad enough. One is not in danger of being
MANNED for life or msyhap beaten to death,
or ones house burned to the ground,
or dozen other horrible probabilities
which, to think Of chill ones marrow.
Every week, nearly, chronicles some terrible
cF'me, arising through wealth, either real or
imaginary, being hidden or stored away in
CITY dwellings, or farm homes.
les BY all means, put your loose change
IN the banks, you will then run less risk OF
''S'ng your life, even if you do lose your
money.
wheeling is especially fortunate in the
qlSily OF her banks. They are oficered
ara Greeted BY our best business men, and
I0'' honorable citizens DepOsitors who
~ 10 their vaults need have little worry
''' 'rt'r money. and less about their