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

Pioneer PreSs.-Anoka Union.
The country merchant does not like
to go to the expense of paying for drattS{
The outcome may be the st. Paul whole3
sale merchants may lose a good deal of
trade.-Lake Crystal Union.
This is hardship on the country
dealer that can be averted by trading az
some other wholesale center until banKS
take sensible view of the question
again.-POlk County Journal. -e
The business men of Brainerd areg
disposed to resent the action of the ST.
Paul banks in uniting in an agreement
to not receive checks ON outside banks
except for collection at regular rates.
The action of the st. Paul banks will
certainly injure the wholesale trade in
that city.-Brainerd journal.
The st. Paul banks make a good
showing. according to Comptroller Eek
ELS report. In proportion to their cap
ital 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 c0nfidence.-NOrthneld
News.
This new departure is of itself suf-
hcIent to weaken the confidence and
cause a StagnatioD in business, as nine
tenths OF the payments were made by
checks. Lack of confidence always
gToWS out of a 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 OH 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 81.
Paul begin To see their mistake.-Le
| 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. -', l-s
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
in 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 cityl Just like conceited old ST.
| Paul. 1t is now in the power of the
! Northwestern merchants to make Paul
wear Smaller-sized hat.-Brownsvilie
| Citizen.
The st. Paul bankers were not Salts
fed to discredit every business man by
! refusing his cheeks, but have now add
ed insult to injury by charging col
! lection fee. Every business man in the
WI III wv ol oilOulu SlhO 'Jls q vi tilS 81
by for the next three months, even to
| buying his dinner, which he can get in
Minneapolis Ledger.
If the business men of this city will
meet the action of the banks of st. Paul
in 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.
Popular Rates to the " Orld's Fair.
To meet the popular demand for low
excursion rates to the worlds fair, THE
Burlington" will put OH sale, commence
! inc Aug. ]. Tickets at the following rates