The western sentinel. [volume] (Winston-Salem, N.C.) 1887-1926, 1888-03-15

drinking from all the communion
chalices that ever glittered in the
churches of Cilristendom will never save
your soul unless your business character
corresponds with your religious profess
sion. Some OF the worst scoundrefs IN
America have been members Of churches,
and thsy got fat on sermons about
heaven when they most needed to have
the pulpits preach that which would
either bring them to repentance or thun-
der them out Of the holy communions
where their presence was sacrilege and
an infamy.
We must especially deplore tho mis-
fortune Of banks IN various parts OF this
country in that they damage the banking
institution, which Is the great conven-
fence VI the centuries, and indispensable
to commerce and the advance of nations
With one hand It biesses the lender and
with the other It blesses the borrower.
The bank was born of the worlds neces-
sites and Is venerable with the marks OF
thousands Of years. Two hundred years
before Christ the bank Of nfum existed
and paid its deposftors 10 per cent. The
Bank of Venice was established In III,
and was Of such high credit that It's bills
were at a premium above coins, which
were frequently clipped. Bank of Genoa,
IOuHuCSi 1O4Ot DduA Ol DdICGiOu3v
1401; Bank Of Amsterdam, 1899: Bank Of
Hamburg. founded 1919, its circulation
based on great silver bars kept In tho
vaults; Bank Of England, started by
William Patterson IN 1912, up to this
day managing the stupendouD debt Of
England; Bank Of Scotland, founded in
1895; Bank Of Ireland, 1888: Bank Of
North America, planned By Robert Nor
ris, It'll, without whose financial help
all the bravery Of our grandfathers would
not have achieved American independ-
ence. But now we have banks in all
our cities and towns, thousands and
thousands. On their shoulders are the in
terests Of private individuals 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 q business exigency. They
stand for accommodation, for facility, for
individual. state and national relief. Al
their head and in their management
there is as much interest and moral
worth as In any class Of men-perhaps
more. How nefarious, then, the be-
havior Of those who bring disrepute upon
honored institution.
we dibO d6piOTc 6DuS9 Oh LruSG IuuUS,
because they fly in the face Of that divine
goodness which seems determined to
bless this land We are having the
eighth year Of unexampled national har-
vest. The wheat gamblers get hold Of
the wheat, and the corn gamblers get
hold of the corn. The fun tide of Gods
mercy toward this land h put back by
those great dykes Of dishonest resistance.
When God provides enough food and
clothing to feed and apparel this whole
nation like princes, the scrabble,of dis
honest men to get more than their share,
and get It at ali hazards. keeps every
thing shaking with uncertainty and
everybody asking: "What next?" Every
week makes new revelations. How
many more bank presidents and bank
cashiers have been speculating with
other peoples money, and how many
more bank directors are in imbecile
silence, letting the perhdy go ON, the
great and patient God only knows! My
opinion is thnt we have got near tho
bottom. The wind has been pricled
from the great bubble OF American
speculation. Tho men who thought that
the Judgment day was at least 5000
years OF. found 1t IN 1898, 1887, 1885 !;
and this nation has been taught that men
pies POCKETS. Great businesses bulls on
borrowed capital have been oiii,erated
and mc,i who lad nothing haso lost all
they had. beieve We are started on q
higher career OF prosperity than this land
has ever seen, X. and if, and IT,
If the first men, and especially Chris
| tan men, will learn neverfto speculate
upon borrowed capital. If you have q
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 tum-
BILE 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 COM
mercial life, and that is the word borrow
That one word is responsible for all the
defalcations and embellishments and
financial considerations 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 banker makes s,n overdraft
upon his institution. he does not commit
/
| officer of company, by flaming adj
| vertisenent in some religious papers,
and gilt certificate of stock, gets multi
tude of country people TO put their small
| earnings into an enterprise for carrying
| on some Hndeveloped nothing. he does
| not fraudulently take their money, he
| only borEoWs- When young man with
easy access 10 his employers money
| drawer. or the confidential clerk by Gloss
,,rop;nquity 10 the account books. takes
i few dollars for Wall street e1cur
lion, he expects to put it all back; hi
viii put It all back very soon He only
orrows- What Is needed Is some mar
# gigantic hrab 10 take -his place at the
curbstone kn front Of Trinity church, and
when that word borrow comes bounding
Along. kick 10 sieaa through to Wal
erect fe1Tyboat, and u, striking on that
it bounds clear ever till il strikes Brook
lyn Heights or Brooklyn Hill. 10 WIN b
well for the City 1t Churches.
Why, when you are going to do wrong
pronounce 80 long . word as borrow,
word Of six letters, when You can get
st,orter word more descriptive Of tn,
reality. word 81 only nvs letters. thu
word stealf & -
There are times whom " Al borrow
and borrow iegitimately, and borrow
with the divine blessing, for Christ In hi
sermon ON the mount enjofns .sfrom hin
that would borrow Of thee turn not tho,
away" young man rightly borrow
ntcney TO get his education. Purchasin.
house. and not able to pay all down il
cash, the purchaser rightly borrosvs it on
L .ortgage. Crises come in bushes
y hen it would be wrong for man not {.
throw But ] roll this warning through