The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1893-06-16
z LOST HIS nONEY.

Louis Matteson, who resides in
Dukes addition, thought that he had
a safer place to keep his money than
the bank was and Tuesday afternoon
drew out his savings, S147, from one
of the banks, and went home. He
went to sleep on the lounge after get
ting home and when he awoke he
found his pocket book lying on the
floor empty and his money gone.
This should be a lesson to any one
else who thinks that there is safer
place for money than a good bank,
like our local banks, and also is
counterpart to the illustration which
we gave last evening OF two Madison
Wis, depositors who drew out their
money and lost it.
A we'll managed bank cannot fall TO
be successful, and even ii a sudden
run were to exhaust it's ready money
and make a suspension necessary IL
could only be a matter Of a short
time when the depositors were paid
in full. as the securities were realized
upon and the loans drawn in. The
stockholders are also made liable in
dlvidually for deposits, if the banks
resources could not meet them. In
the case of our local banks, whose
stockholders are our wealthiest citi-
Zens, the depos;tors can be paid sew
eral times over and still there would
be money enough left for all the
banks to resume business. They car
ry no paper of any failed or snaky
concern, and every cent of money out
can be called in dollar for dollar.
President Swan, of the Board of
Public Works, states that in Indiana
there are hundreds of miles of such
roads in the country as the cemetery
rayine road now is, since it is covered
with gravel. A person can ride from
indianapolis, Ind, to Columbus, o., a
distance of $50 miles, on such roads.
The farmers along a road, desiring to
have it improved, petition the county
commissioners to have the road gray
eled. The commissioners order the
road graveled, let the contract for it.
and issue bonds payable in three or
five years. Each year that the bonds
run the property benefited is assess
Il + dc id Tho
gravel costs 81. 900 to 81, 800 per mile.
and the land adjoining the road is as
sessed in all So to S. per acre and the
land further back in proportion, down
to % cents an acre. The gravel is
made Is to IS inches deep, as the
roads there are much more muddy
than they are here. In this county it
would only be necessary to make the
gravel 10 to II inches thick. Gravel
would cost more here as it would have
to be hauled a longer distance. This
is a matter which should be given at
tention. The plan works we'll in In
diana and the farmers all want gray
eled roads. Many parts of this county
would be greatly benefited by them.
1t is expected that W. B. Craig
will complete his contract for grad
ing Warren street and Glenwood av
enue by the end of the week. The
work progressed very rapidly last
week. The Board of Public Work;
has made arrangements with Johr
Bowen to vacate the street for $500
He has been living there for nine
teen years and condemnation proceed
ings would cost more than 5000. Mr.
Bowen wanted $500, and the settle
ment is considered the best thing fol
the city.
While there has been a genera
financial stringency throughout the
country. it is pleasing to know thai
the Mankato banks have declared
good semi-annual dividends this
month and are as solid as the golC
dollars in their vaults. The First
National Bank declared a seminar
nual dividend of five per cent. June
1st, while it never declared more thar
four per cent. before.
Harvey Nelson and John Duffy
were before thecourt Mondaymornine
on the charge of disorderly conduct
Saturday night. They pleaded guilty
and were fined S11.65 each, but a.
Duffy was unable to pay his fine ht
was sent to jail for twenty days.
-Forepaugh's circus will not ap
pear in this city before the latter par