Fort Worth weekly gazette. [volume] (Fort Worth, Tex.) 1882-1891, 1888-11-02
tsins It's position Of


cotton.
The Few silver vault ct Washington
now contains e23 900 10 standard sill
yer dollars, weighing 700 tons. This
money cSme from Pailsdelphia and New
Orleans and is no. quite one-fourth a
the amount 10 be ultimately stored II the
vault.
Slice July % there hiss been received 81
the seven principal western primary mar.
kets 8, GOO, 600 bushels more wheat than
for the corresponding period las. year,
about co., 600 bushels more corr, end
about 500, 0C0 more oats.
The American Baker says: The read
for more banking capital IL the souh i
generally recognized in tina: section SD
Duriag the last :Wo or three months ever
thirty new banSiug institution, hsve bee
organized. This is By far Larger record
than for u eimiiaT period in any previous
time The last report CT the banking
committee Of the recently organized
Chsmher OF Commerce of Raleigh,
N. e laid great stress On the necessity OF
larger banking facilities throughout the
south aud particularly in North Carolina
The south might learn wholesome and
profitable lesson from the west In this
respect. In that section there Is scarcely
3 town which does not possess bark.
Sometimes 1t happens that the very
first building erected on a
new town cite will be bank
building, showing that the people OF
the west are thoroughly Convinced that
commercial and industrial progress is
impc ssi3le without easy and immediate
access to capital. The presence OF q
bkrk gives substantially to the business
interests, quicEens enterprise and solid fes
the COZ mercisl elements, OF Whist would
otherwise perhaps remsin a droning
village without interests CT any kind.
The Manufacturers Record Of Baltimore
las ssneible word 10 ssy in regard to
this:
Il would probably be wise move, says
me Record, x the attention OF tie poop t
Cfthe south were turned to the Crganlz..
,s16a Of new banks rather than rev indus
ssrisl enterprises for awhile, bees Sc cheap
money is essential to southern business
prosperity. With 81 Interest arouss q
among sll classes in banks nstionsl
Snd savipgs-an immense amount CT
money which is now idle, hid away
IN country places, bringing no prcf.s
20 its owners would be drawn OUT
.knd Eelp to swell tie volume Ct active
.teot.Al. All through the south there are
18saf TO- do farmers ard others who have
few hundred dollars, aod often many
hundreds, hid away in their houses. Ia
the north this money would be deposited
in the savings bsnks. There II would not
only be SIS readily accessible as IN the
msn'6 own house, yielding at the same
time fair interest, but it would
in the sggrs gate become q
vast sum OF aclive working bank
ing capital, helping to develop and en-
rich the entire section. II the money
that in thls wsy is now idle could be
Drawn from lis hiding place and put into
saving banks, We venture to say that its
volume would sstonish every man in the
south. To educate the farmers, the
mechanics and all others-Eut especially
The farmers, for there is where the
grestest amount OF idle money would
in the aggregate be founG-not to
hoard their money in their own hcusee,
but 10 deposit 1t in saving, banks Is
mstter Of tremendous interest TO the
whole south. To organize savings banks
which will receive deposits in aDy
amount from cents up, to nave them
Ssrefully managed by the best men obtain
sble, with safeguards to insure
against the possibility Of eny frauds, and
% eEdasyor to make them rs universally
IQEfsa- az In the north, is ore Of the
most beneficial undertakings in which the
leading business men of the south can
engsge. Probably in 70 other wsy csn
they do their fellow-cihzsns
and their country greater good
than in doing this. A safer invest
ment of capital than that made BY estsb-
fishing banks in the south at the present
time, and one which promises larger re-
turns could hardly be made. The call
for banking capital is general, and 1t |
springs from pressing need; 1t is not
as We had recent occasion to
show.