The Coconino weekly sun., 1893-11-16
They Were Afraid or Banks.

h ordinary times people are afraid to keep money ill large aluouuts about their homes or porsoNs. It is not safe, they say---they might bo robbed or even mur- dered. So they put it into tho banks. In tight times, on the contrary, they decide in their po.,rful minds that it is not safe to keep money in the banks, but they must bring it home where they can have their eyes on it, Queer, people are.
 There's plenty of money, the econo- mists say, just as much as there ever was. Then where is it3 you ask. You haven't it; the cat hasn't it. It is hoard- ed away, say the economists, because the community has no faith in banks. The rich city man puts his cash into 0 safety deposit vault, The poor man and woman put theirs in an old stocking and hide it in crack where the plaster ing is broken of, or maybe they dig a hole in the ground and bury it. In this time of scarcity, when hundreds of thou sands are unemployed, when the tempta- tion to robbery and violence is moro than double what it is ordinarily--this is exactly the time chosen by many per sons to bring their money and jewels home, apparently to mako the valuables convenient for robbers. It is because they have no faith in banks.
 The morning papers of few days ago, in different parts of the country, had some items showing what becomes of the money of those who are afraid Of banks. Here is one of the little anec- dotes from Philadelphia paper:
 The best haul made since the Iresent et:s dcmto of robbery broke out was at the house of Margaret Davis, Sll South Second street, which was robbed of Sl,400 during the absence of tho family The place Is but . stone's throw from the Second district police station, but the thieves all along appear 10 have taken delight in plying their trado where policemen are sup posed to be thickest
 Mrs. Davis had no faith In banks. Accord inSly just before her departure for the quiet shGdeso of Pitman q rove she drew all her money out of the bank, and with the assistance of her daughter dug a deep hole in the cellar, in which she deposiled 1t. None others knew Of the buried treasure, sAe said.
 On Sunday the nei2hbors noticed a man calmly walk up 10 the front door. unlock 1t with key anl enter tho house. When Mrs. Davis returned later in the day, she was horri- fed 10 find her money gone.
 Following the little illustration about the Philadelphia woman who built a private safety deposit vault in her cellar because she had no faith in banks comes a bit of story of New Yorl, person who had no faith in banks. It i5 this:
 Some three months ago Jacob Livingston, c wealthy miser living in the northeastern part of the township of Wolcott, was robbed of about SI,GJO in gold and bills. Robbers entered his house, where he lives alone ia abject squalor, and after druggipg CT chloroformiIg him tore down t'"o heavily barred doors ard from closet on to second floor took an old chest which for years had becl the receptacle Of his misery gains and contained S2,OJJ iu goldpieces and Sj,CJJ in bills.
 Woull it bore you too much just to read this short extract from the St. Paul Globe:
 The Minneapolis fire demonstrated the fool ishncs5 of hu,rGing. One man lost SJUU, an- other Sl,4VO, and LIird S?, ,Jyj. Perhaps many others suffered greater Or less loss which has not been reported. VLesG parties thought the banks were unsafe and then drew out their savings of years and concelled it in their resi- denCcs. As lhe result they are beggarCI. Tine foolish hoariins i5 not only bringing direct To. s, such Rs noted, but 1t ia so crippling buzi- ness as [: compel tAe roduc ,i0n Ot wages and iu many eases the discharge of eInpl1y yecs. The Loarder is Na enemy to himself and society.
 We offer no comment on these brief tales of woe. Like the state of Massa- chusetts, they need none. You can manu- facture the moral homemade for yourself We will give one more anecdote. It isa very little one, but it is the best of all It is such g dainty morsel, as 1t were, this tale of the greenbacks that tke grass hoppers ate up, that we cannot refrain from printing it:
 Farmer G,,ay Bauer drew s2O0 in paper money out of tho bank at Pttt5burg. Iis wi3o s0wcd 1t in his coat. but Crasshoppor5 bored 1t full of holes when Ae hung the garmeHt on tho fence iH the field.