The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1888-03-23

ing institution, which Is the great con.
venience OF the centuries, and indispeasa-
bic to commerce and the advance Of ma
lions. With one hand il blssses the
lender and with the other It blessss the
borrower. The bank was born Of the
worlds necessities, and Is venerable with
the marks of the thousands Of years. Two
hundred years before Christ the Bank Of
Hum existed and paid it's depositors ten
per cent. The Bank Of Venice was estab.
lished in I'LL, and was of such high credit
| that its bills were at . premium above
coins, which were frequently clipped.
Bank Of Genoa, founded in 1875; Bank of
Barcelona, 1901: Bank of Amsterdam,
1853; Bank of Hamburg. founded 1919. its
circulation based on great silver bars kept
in the vaults: Bank Of England, started
by William Patterson in 1912,
up to this day managing the
stupendous debt Of England; Bank
| Of Scotland, founded in 1896: Bank
of Ireland. 1888; Bank of North America,
plan ned by Robert Morris, 1171, without
whose financial help all the bravery of
our grandfathers would not have achieved
American independence. But now we
have banks in all our cities and towns,
thousands and thousands. On their
shoulders are the interests Of private in
dividuals and great corporations In
them are the great arteries through which
run the currents Of the Nations life. They
have been the resources of the thousands
OF fnanciers in days of business exigency.
They stand for accommodate on, for
facility, for individual, State and Ma
tional relief. At their head and in their
management there is as much interest
and moral worth as in any class or men-
perhaps more. How nefarious, then, the
behavior of those who bring disrepute
upon this venerable, benignant and God
honored institution.
We also deplore abuse of trust funds,
because they fly in the face of that divine
goodness which seems determined to bless
this land. We are having the eig til year
of unexampled National harvest. The
wheat gamblers get hold of the wheat,
and the corn gamblers get hold of the
corn. The full tide of Gods mercy toward
this land is put back by those great dikes
of dishonest resistance. When God pro-
vides enough food and clothing to feed
and apparel this whole Nation like princes,
the scrabble of dishonest men to get more
than their share. and get it at all hazards,
keeps every thing shaking with uncer-
tainty and every body asking, what
next! Every week makes new rev.
Citations. How many more bank
presidents and bank cashiers have
been specializing with other peoples
money. and how many bank directors are
in imbecile silence letting the perfidy go
on, the great and patient God only knows
My opinion is that we have got near the
bottom. The wind has beer pricked from
the great bubble of American speculation.
The men who thought that the judgment
day was at least five thousand years of,
found it in 1885, 1887, 1856; and this Nation
has been taught that men must keep
their hands out of other peoples pockets.
Great businesses built on borrowed capital
have been obliterated and men who had
nothing have lost all they had. believe
we are started on q higher career Of pros
perity than this land has ever seen, if,
and il. and if.
II the first men, and especially Christian
men, will learn never to speculate upon
borrowed capital. II you have a mind to
take your own money and turn it all into
kites, to fly them over every commons in
the United States, you do society no
wrong, except when you tumble your
helpless children into the poor house for
the public to take care OF. But you have
no right to take the money Of others and
turn it into kites. There is one word that
has deluded more people into bankruptcy
and State prison and perdition than any
other word in commercial life, and that is
the word borrow; that one word is re-
sponsible for all the defalcations, aud
entertainments. and financial consterna.
tions Of the last twenty years. When
executors conclude to speculate with the
funds of an estate committed to their
charge, they do not purloin, they say
they only borrow; when a banker makes
an overdraft upon his institution, he
does not commit theft, he only borrows.
When the officer Of company,
by flaming advertisements in some
religious papers, and gilt cor.
tificate OF stock. gets a multitude
Of country people to put their small earn
ings into an enterprise for carrying on
some undeveloped nothing, he does not
fraudulently take their money. he only
borrows. When q young man with easy
access to his employers money drawer,
or the confidential clerk by cl ose propin.
guilty to the account books, takes few
dollars for q Wall street excursion, he ex.
poets to put it back; he will put it all
back; he will put it all back very soon.
He only borrows. What is needed is
some man Of gigantic limb to take his
place at the curbstone in front Of Trinity
Church, and when that word borrow
comes bounding along. kick it clean
through to Wall Street ferry boat, and il,
str liking on that, it bounds clear over till
il strikes Brooklyn heights or Brooklyn
hill, it will be well for the City Of
Churches.
Why, when you are going to do wrong,
pronounce so long q word as borrow, q
word of six letters, when you can get q
shorter word more descriptive OF the
reality, word Of only i've letters, the
word steal?
and borrow legitimately, aud borrow with
the divine blessing. for Christ in his ser.
mon on the mount enjoins 'from him
away" A young man rightly borrows
money to get his education. Purchasing
house and not able to pay all down in
cash. the purchaser rightly borrows 1t on
mort gage. Crises come in business when
IL would be wrong for . man not to Dor.
row. But roll this warning through all
these aisles, over the backs OF all these
pews, never borrow to speculate;
not q dollar, not q cent, not . farthing.
Young men, young men, warn you by
your worldly prospects and the value Of
your immortal souls, do not do it There
are breakers distinguished for their ship
wrecks-the Hanways, the Needles, the
Caskets, the Dow ers, the Anderlos, the
Skerries-and many q craft has gone to
pieces on those rocks; but have to tell
YOU that all the Hanways, and the
Needles, and the Caskets, and the Skier.
ries are as nothing compared with the
long line of breakers which bound the
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