The Lake Charles echo. [volume] (Lake Charles, Parish of Calcasieu, La.) 1876-1898, 1893-08-11
BANKS AND BLINKING.


First Ealio8Bl bzak, bss handed ct
s copy Of the Aaasr5oaa BaaSrr, and
with his nsaal gaad aatars has marked
some passages, which are certainly Il
the point 81 this time. WsrsPro1ao
tbrm with pleasure, and vii Zee
an8sr obl5se6aRs to any Of or haHu
oiers WHO VT give Us their ideas o. &
question which certainly. oEsri7P,
every other OF this mundane sphere
. We quote largely fr0ma egmmor'cs
! tiou bv Mr.. o. S. Houstsl, essh1e- @
} the First National blak Of GrsBsgrg-
Texas, and commend it fer the 7lgor
! and COMMON sense Of is lsBg0sgs
The cyclonic backing e1prneoce
which thIs oouatrv has passed IhryEgb
10 the lasi sixty dsys has, 10 dg1e',
suggested 10 the msnd Of ererv baker
thai congress sbsald add B=v seclio1
10 the national bank aci, to keep
Rpaee With the Rev and changing coe-
dIlian Of palionBl baking. /, Is
getting 70 be a perlioas undertaking
10 manage = hank, and issp ~ lb~
DARK II VOC dare 70 loan GC.sr Of
The 5epOgitoTs' money. Many people
seen to believe that banking I0slIlu
taOBs weIe created for the p8rpose Of
accepting deposits OF the Peop,e aod
locking them Mp 60 a-Asfs, bg pe pad
( oUt 81 call. They DO not seen 10
reEIrzs The fact that The PRrpos- Of
baking 1Bslituti0us IS 10 gel tass
money Lnlo circaisl3eU, wbitb Eggl1
olbeEwise hang IN 4 ssasck ~ Il IL
hay loft or Die barae5 aader Ii. a2as-;
aud The oBiy way 10 e3Testsl~ l1,-
money is 10 loan j, to the pespse @o
ample ssearly.
Ii seems that tbsy. csaDoi e.ro- TO
a sensible understanding IBs. there
would be no pTc6I 10 bsaks - AsEs1
] llUg peoples Do8ey If they c~g@ d.,
lJs1 cat a Dorlioa yi 1t 10 reps- Il~m
for the expense Of bring GERS.
paying lakes, charging of bal debt,
etc; beBee congress BBz5eTs- sEtiHE
has, has made q law Ts4a,f.BL
DaslonaI hanks IL TtserFe cities to keri
IS per cent. Of their departs Ava hard,
shseh they andeRbge5ly egas,d-re1
; ample Bal you cannot D=ssaEe IL,
, fui8Ee Experiences by tbePz>l, P. serm-,
. al iEss day aud uEDe, AID S. my
bambie opinion congress E.oulJ Z.
something 10 give nalleasl bank I'm
. 10 realize OF their seeUrtle. beivr'
they are branded by the ptsps- VIII
The usual Term, s5usled.
4 IBasmBeb as congress has ems 4-rvG
IS per ce1I. FESTIVE eBOagl isr Ii.
-, uvTmaI condition of lbe c0Haly aud
: having compiled Law compelling
national banks 10 keep taIs Tes=TTe
4 when stringent Gmes are Al hs,d aDt
= a general loss Of e9B6i-uee PrzvsIi
- and Z bank has been forced 1, mee
heavy demands aud has exhansi-i ii
. IS per cent reserve, then why .s4guil
b, DOT the comptroller of the caEeDG,
be clothed With the power 10 s~Y Il
tie pabl8c: This baak compile viii
4. the law, haRing kept on band . Pc
p. cent. Of its 8ePosgts before this IL we
"A meat Of tie deposIb9Ts WAS appsTeB,
9 ! aud BON that this reserve isezusaste
- this bank shall not be closed bat
II slill 10 the baads Of the hank ot8oer
I; who, by iaE, are given sixty dsys i
which 10 realize 90 their seeaTIiles an
I 90 person shall have the zTigLe I
a. enforce collection Of bis claim By la
& without first giving the baak SKI
~ days notice after date Of said Dsnl
!. exhaustion Of Its lsHful reserve, md,
,, penalty Of law"
: Now if the bsak IunsiBg short 0
:. cash has good assets it has tame /
- realize % them -HilhOHt being force
to Gloss. its doors, while if Il as DsI, Il
90 deposilor Woald not lose dolisr nol
"a than be B0uid At lheeiims the ban
"A WAS closed. Should any bank /
]; caught in a run without legal TessrE
the fault Eouldiie with The nsnag
meHl, and Bot having complied Hrl
The law it sboald be taken charge q,
!, b. the comptroller, As is doBe
"A PTeseHt
"a Asa matter Of fact The people,
- they we're 50 disposed, could close d
!, The DATED States goFerBusst I
:. asking for gold on the gaEerBmeBI
- notes or asking for gold Or silver q
all certificates Of Indebtedness 81 4
= governments payable On dsmsB
=, we're The people u demand i al Of
. sudden.
- National banks were a creation d
4 the government, aud While Il u ps
4 ieetly correct and proper for 4
I. government 10 look after ihe iatere
Of The people, il Is also jsst and rig
10 foster lie interests Of tie "a
Z. hanks by protecting them ID time
(, dsslrust, and If the people uudersioi
HI. that there Fas laWln sexislence 81
iar 10 tbeoue spokenof 10 lhe article
dDabt if haugry dspasitsTs would a.
il gregate in = body and draw their mon
I. At once, for he very aPPesEaaee Of
h run a. Tbs front gf bank Won
Y caase men Ebo aeFe sensible io tbl
eva interests e ny 70 get them
disbsBd aud withdraw, which won
81 save The bank and deposItors maay
N dollar.
- The new triple seTeW cruiser Cola
~ bia, Hhieh vas launched tn ail
~ dsy AZ Cramps shipyald. viii ~