St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-29

The country merchant does not like
TO go to the expense of paying for drattS,l
The outcome may be the st. Paul wholej
sale merchants may lose a good deal of
trade.-Lake Crystal Union.
This is a hardship on the country
dealer that can be averted by trading al
some other wholesale center until banks
take sensible view of the question
agaIn.-POlk County Journal. q
The business men of Brainerd are
disposed to resent the action of the ST. .
Paul banks in uniting in an agreement
to not receive checks OH outside banks
except for collection at regular rates.
The action of the st. Paul banks will
certainly iniure the wholesale trade in
that clty.-Brainerd journal.
The st. Paul banks make a good
showing. according to Comptroller Eek
els report. In proportion to their cap
ltal the Southern Minnesota banks are
quite as substantial. Why. then, by
their attitude, do the st. Paul banks eX-
press their dIStruSt of the other banks
III the stale? That will hardly help to
restore public confidence.-Norlhh
News.
This new departure is of itself suf-
hclent to weaken the confidence and
cause StagnatioD in business, as nine
tenthS OF the payments were made by
checks. Lack of confidence always
grows out of dirordered monetary
system, and an unSound basis is the or
lglnal cause.-Dodge County Republi-
can.
st. Paul bankers put their foot in it
the other day. They had quiet agree
ment with Minneapolis bankers not to
receive country checks OIL deposit but
hold them for collection. So the st.
Paul banks issued their circular, but
Minneapolis prudently refrained. Now
that the country is hot ami trade going
to the sawduSt city the bankers of ST.
Paul begin to see their mistake. lie
Sueur Sentinel.
There is only one way,to do this, and
that is to say to st. Paul business
houses: You cannot have any of our
business until you accept our checks as
DO the business houses of every other
city in the country. If the houses don't
like this, let them do business in bust
ness-lIke way, and be as accommodate
ing as are their rivals in Minneapolis.
The business men of this section of the
country propose to fight it out on that
line, and the sooner the st. Paul dealers
realize this the sooner will they bring
their banks into line and again get their
share OF the trade.-St. Cloud Journal
Press. 5 -c-., a~a
The records will show that a smaller
percentage of country banks fail than
city banks, and the percentage OF loss
sustained by depoSitors or customers OF
these banks is much larger in city than
III country banks The course adopted
by the st. Paul banks is unjust and mn.
called for, and should be condemned by
the wholesale trade.-Delano Eagle.
DiStrust the country banks and not
the city banks when the failures are in
the ethyl just like conceited old ST.
Paul. 1t is now in the power of the
Northwestern merchants to make Paul
wear a Smaller-sized hat.-BroWnsyilie
Citizen.
The st. Paul bankers were not satis-z
fed to diScredit every business man by
refusing his checks, but have now add
ed insult to injury by charging col
lection fee. Every business man in the
Northwest should give st. Paul the go
by Tor the next three months, even to
buying his dinner, which he can get in
Minneapolis. -PipeStone Ledger.
If the business men of this city will
meet the action of the banks of st. Paul
i'll united manner, using their checks
III payment as usual, there will be an
opportunity to give the wholesale men
there an interesting whirl.-Owatonna
journal.
PODuIaP Rates to the ~ orId,s Fair