Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-08-06
CONSOLIDATE.
Instead OF Re Organizing the Merchants
National Bank, Consolidate With
Some Other Bank
FORT WORTH, TEX. July %. 1891.

FORT WORTH TEX. july % 1891.
Editor Gazette
The one absorbing topic Just now is the
cOerced suspension of the Merchants ma
tiOnal bank. As some solution of the diff
cultieS of the embarrassment that enwraDS
the institution in vrture of its involved
affairs Will be attempted Soon | will under
take to submit for the consideration of
the stockholders, of whom | am one, and by
long odds the largest. Il few sober remarks
IL has been given out that a reorganization
of the bank is contemplated if not already
decided upon, in certain quarters. This
matter, | take il, viii he disposed of one
way or the other, by owners (or their prox-
les who shall represent twO-thirtS of the
shares of the association when in meeting
assembled. OF the propriety of this move
as the second best thing TO do, circumstan-
ces faVOring, there can be no well founded
doubt The thing best to do by long odds,
is to seek 10 accomplish and by dint of
energy effectuate amalgamation with one
or more Of the banks OF the city. The con-
solicitation Of two or more banks of this city
III such a way Is TO bring about or secure a
capitalization of round million or more
dollars. would inspire universal confidence,
and insure withal not only the coming of
unbOUndcd prosperity as i result TO the
newly formed institution, but likewise that
Of a prestige CT universal splendor There
IS no question in my mind, but what this
city IS largely OVer-banked. BY this is not
meant that there exists an oyerpluS of
banking capital, but the rather that there
are more heavily eXpensed institutions
handling il. than Is needed to produce the
most gratifying results all around. The
financial health-T submit il as an automatic
truth-0f 4 community is not determined by
the number of its financial Institutions but
per contra. by the personnel and the quality
of the management Of each. the substantial
nature of the economies practiecd, and the
financial solidarity of each. Fewness Of such,
in reason. to 4 given population. i IN line
with the wiSest economy and the most
ripeued conservatism. Napor con-
deHSeS into clouds. and conditions
favorinc mo reference IS here made to the
experiment ut The hands of the government
10 produce dOwnpoIr of rain through Az
1it,'iai cuuuiyancei we have 4 precipitaye
of rain. As long as il remains vapor mere
Ig. TOO N Uch territory was covered TO in
sur" aught OF beneficial results, and, we
We're but eicOmpassed about with murky.
humid atmosphere Of doubt and uncer-
raiutN. Thus we have an illustration Of
how condensation or consolidation. as avail
able and rcSOUrrcful means TO an END can
proyideutially or otherwise. through human
agencies, be made to become sure and relia-
bic expedients. At the time of the organiZa-
tiOn Of the Merchants national bank, il
was given out that two of the banks of the
city. now rs then prosperous associations.
were DESTROYS of clOsin" out by sale Of their
respective businesses To the organizers OF
the Merchants national, the alleged reason
for wanting 10 sell being the SmatlurSs of
comfortable deposits. the fewuess Of paving
accounts TO ne had. and the resulting
appropriateness. comparatively speaking,
Of the occupation. The evil results now be
ing experienced by those in the swim of ii
nancial life, markedly emphasizes the truth
of the proposition while ilnpciliu4 the con
viction that out Of considerations of ccouo-
my. security and Imperfect honor, the time
has arrived when the narrowing of the
rity'S financial foundations in a sense IS
made mperativeiy necessary from motives
of sound policy. The business Of banking
j. primarily and essentially that of mon
cy-gcttinG. While This IS a sOrdid view en-
tertainCd of the calling. il j. undeniabv the
correct ono, disguise ii as You may. Con
Sidcrarious. therefore, whirn are OF first
weight as affecting shareholders, are a safe
conduct under directOriaI supervision Of the
affairs of the association, with the ultimate
aim of securing re.nnerative returns upon
The investment mace. Are NOT the greatest
good results, possible of achievement. under
some perfect plan of consolidation
r. NJ PAGE.