The Russellville Democrat. [volume] (Russellville, Ark.) 1875-1898, 1888-03-22

B&rc8t0H&- 1&1i; bank OF Am6bsfus1ns
is2s; Bank OF Hamburg. founded 1914 10
based on great silver bars kept
IN the vaults; Bank Of Englan d. started
By william Patterson in 1914
IN to this dav managing the
stupendcus debt Of England; Bank
of Scotland, founded in 1886: Bank
OF Ireland, 1888; Bank Of North America
plan ned By Robert Morris, It'll. without
whose financial help all the bravery OF
our grandfatbers would not have achisved
American independence. But now ve
have banks In all our cities sud towns,
thousands and thousands. On their
shoulders are the interests Of private in
divlduAIs and great corporations In
them are tbs great arteries through which
run the currents Of the Nations life They
have been the resources OF the thousands
Of finAnciers IN days Of business exigency.
Thew 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
psrb aps more. How nefarious, then. the
behaT iur Of those who bring disrepute
upon this ven rabie, benignant and God
honored institution.
We also depiors aba Sc Of trust funds,
because they ay in the face Of that divine
goodness which sssrns determined 20 bless
this land. We are having the eighth year
Of unexa-pIed National harvest The
wheat gamblers get hold o. the wheat,
and the corn gamblers get hold Of the
corn. The fun tide Of Gods mercy toward
this land Is put back by those great dikes
OF dishonest resistance. When God pro-
vidss enough food and clothing 70 feed
and apparel this whole Nation like princes,
the scrabble OF dishonest men 70 get more
than their share, and get IL al sll hazards,
keeps every thing shaking with uucer-
tainty aud every body asking, what
nexts Every week makes new rev.
slstioas. How many more bank
presidents and bank cashiers have
been specializing with other peoples
money, and how many bank directors are
in imbscils silence letting the psrddy 60
on, this grest and patient God only knows!
Ny opinion is that we have got near the
bottom. Ths wind has been pricked from
the great bubble of American speculation
The men who thought that the Judgment
day was at least I've thousand years of,
found il in 1888, 1887, 1885; 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 g higher career of pros
perity than this land has ever seen, II,
and II. and il.
II the first men, and especially Christian
men, viii learn never TO speculate upon
borrowed capital. IL vou have a mind 70
take your own money and turn is al into
kites, TO fy 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 70 take tie money OF others and
turn 1t into kites. There is one word that
has deludsd more people into bankruptcy
and State prison and perdision than any
other word in commercial life. aud that Is
the word borrow; that one word is re-
sponsibe for all the defalcations, and
entertainments. and financial consterna-
items OF the last twenty years When
executors conclude to speculate with the
funds Of an estate committed TO their
charge, they do not purioin, they say
they only borrow; when banker makes
an overdraft upon his Institution, be
does not commit q theft, he only borrows.
When she officer Of a company,
by flaming advertisements in some
religious papers, and gilt car
tifcate OF stock. gets a mul tituds
OF country people TO put their small earn
inss into an enterprise for carrying on
some undeveloped nothing, he does not
sraud1lentlv take their money. he only
borrows. When young man with easy
access 70 his employers money drawer,
or the confidential clerk by q ose prop!n-
guilty 70 the account books, takes few
dollars for a Wall street excursion, he ex-
poets to put IL back: be VIII put il all
back; he viii pat il 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 King OF that, 1t 1ouuds clear over TIL
it strikes Brooklyn heights or Brooklyn
hin, 1t viii he well for the City Of
Churches.
Why, when you are going TO do wrong,
pronounce so long q word as borrow,
word of six letters, W hen You can get
shorter word more descriptive Of the
reality, word Of only five letters, the
word steal'
There are times when we all borrow
and borrow leRitimately, aud borrow with
the divine blessing, for Christ in his SER
mon on the mount eujoins "from him
that would borrow Of thee turn not thou
away" A young man rightly borrows
money to get his education. Purchasing
q house and not able 10 paw all down in
cash, the purchaser rightly borrows il on
mort gage. Crises come in business when
IL would be wrong for a man not 10 Dor
row. But roll this warning through all
these sisles, over the backs Of all these
pews, never borrow to speculate;
not dollar not cent, not farthing.
Young men, young men, ! warn you by
your worldly prospects and the val ne OF
your immortal souls, do not do il. There
are breakers distinguished for their ship
wrecks--the Hanways, the Needles, the
Caskets, the Douvers, the Anderlos, the
many a 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
ocean of commercial life north, south,
east and west. with the white foam Of
their despair and the dirge Of their dam
breakers Of borrow.
II / had only e worldly weapon to use
on this subj ect, ! would give you the fact,
fresh from the highest authority, that
ninety per cent Of those who 20 into
speculation in Wall street lose all; but /
have a better warning than a worldly
warning. From the place where men have
peris hed-body, mind and soul-stand of,
stand of Abstract pulpit discussion
must step aside on this question. Faith
and repentance are absolutely uecessa airy,
but faith aud repentance are no more
doctrines Of the Bible than commercial
integrity. Render to al their dues Owe
~ 49,, an,r 4bfn~ And vxhfIa | man 70