The Russellville Democrat., 1893-09-07
open years ago. That was a fatal scar.
THE END.]
TIE FOLLY OF BOARDING MONEY

Of all the absurdities that have had their origin in financial scare, such as the country is passing through, none can be rated as less ex- cusable than the conduct of those who rush 10 the banks to withdraw their deposits under the idea that their money will be safer in their pocket books or stockings than in the iron vaults of the bank. Much ingenuity has been displayed in the concel- ment of currency, but there is always greater likelihood of catas- trophe in the most remote and ap- parently most secure hiding place than when the capital is in active circulation. Not very long ago lady now resident in this city sold to an itinerant dealer in old clothing several garments for which she supposed her husband could have no further use, and was mortified to discover when she casually men toned the transaction tbroe or four days later, that there were bills in the lining of one of the disposed of vests to the value of seven hundred dollars Burglars have taken ad- vantage of the scare and seem to have prospered exceedingly ever since this run on the nations currency commenced; in one case following gold-laden farmer from the bank to his home, and there suc- ceeded in transferring to their owns persons the disturbing metal and paper. Fire and water have both destroyed vast sums, and we frequently hear of the losses in- fiicted upon hoarders by rats and mice that have nibbled away the encasing sock and chewed to pulp the bills tbat had been so carefully rolled up and concealed. The rec ords of the redemption division of the treasury department, of the Bank of England and the Bank of France show conclusively that the losses suffered by individuals through their foolish lack of faith in generally sound institutions exceeds by an enormous sum the total of deprivation caused by bank failuresa
 American people are properly credited with being keen, practical business folk, and yet, during the passing crisis thousands of rational and commonly shrewd men and women have senselessly drawn their money from the security of banks, and, by hoarding it and withdraw ing it from circulation have caused the present dearth of currency, which is destroying business and making "hard times" Nothing would be more potent in breaking up the stagnant conditions than the prompt return to circulation of the countless rolls of promises to pay now, without reason, stuffed in un. profitable holes and corners Wash ington Star.
 If this hoarding of money could assure to the hoarder it's full nom- inal value, where, in the banks, it stood in danger of redemption for only part of it's nominal value, there might be some intelligible motive in laying it away. But where the hoarder equally with the banks is dependent on the ability and credit of the federal govern ment to redeem for full value, the course of the hoarder is not snly mischievous, but ridiculous. It produces results that must inevita- bly react on himself. He is en- gagged, not only in pulling the house down on the rest of the community, but on his own head as well. He becomes at such time as this al most a dangerous character.
 Civilized society rests upon the trust of each in the general good will of his fellows. When, there fore, as often happens,a man is shot down in the public street unawares and without provocation, what would be the effect did every other member of society abandon this trust in his fellow citizens and run off to arm himself, barricade his house and cut the ties of social in tercourse, even through those which bind together the lowest savage tribesf How long under such conditions before the social organism would be resolved into its original warning and murder ing elements, ultimately doomed to extinctionf Yet in the great field of human activity connected with money and business, is not this the course exactly being pursued by the money hoarderi He knows that the whole structure of trade and in- dustry rests upon foundation of the same nature as does society it. self ; and yet hearing of some fnan- cial tragedy like a bank failure, he rushes off to fortify his house and cut off commercial intercourse with his fellows. And we'll does he sue ceed in bringing about anarchy and state of worse than commercial barbarism. Providence Journal.
 .--s
 Had His Nerve With Him.