The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1893-08-01
MERELY COMMON SENSE.


runs on banks and disturbances Of
banking functions was never better
illustrated than by the story told of
Frenchman in New York, in the panic
year OF 1873. He had small amount
to his credit in one of the soundest
banks in the city; and, insanely con
coiving that he might lose it, he rushed
to the paying teller's desk and handed
over his book and check, whereupon
the teller began coolly counting out
the sum demanded.
"Tenez vous, vait mlnnoot" said
Monsieur, tell to me, ave you got re
monnaie to pay re chedue?"
certainly" replied the cashier
1--WE can pay every cent we owe, and
then have tens Of thousands of dollars
left
"Oh vell'' said the now treasured de-
positor," Eat is all right. Give to me
again re book Of deposit If you ave
got re monnaie, zen l not want heem;
but, IL you'ave not got re monnaie,
zen want him YER bad"
That Is 1t exactly. These people, who
in times Of DEPRESSION lose their wits
are the worst possible enemies to the
business community. All that Is
needed is the exercise of little com
mon sense, and simple comprehension
of the fact that well managed banks
have always surplus of as
sets over liabilities, to keep affairs
flowing smoothly along in their accus-
toned charnels.
Every secular day In the
year there are exchanges Of labor and
commodities going on, which require
the drawing out and deposting of
money in the banks; and, ordinarily
Al Is the ambition of merchant and
working man to have a balance to his
credit at his bankers
Why should It not be so today?
There is now no more sense or safety
In withdrawing deposits from general
circulation through the banks, slowing
them away in stockings or other inse-
cure and unprohtable hiding-places,
than there was two years ago this
First Day of August In fact, to state
case of necessity, which comes right
home Ito every man in the community,
this Is the very time to bring stored
away treasures to light and put them
to use When money is tight, as 1t
is now, then Is the small capitalists
opportunity Buy on a falling market
and sell on u rising is the surest
source of money making. The man who
digs a hole and plants his money in
the corner of n fence may, and ought
to lose 1t; the one who plants II In the
ground and has little deeds or mort
cages to show for It, Is sure to Increase
It, cent pen cent
Banks are the places for cash, just
as elevators are for wheat and ware
houses for cotton. They are the nat
ural repositories of currency; and,
through their benencent medium, ex-
changes OF values are perfected with
cut the passage from hand to hand Of
a single coin or bill.
The only question to be settled is the
solvency OF the institution through
which the business is sought to be
transacted. and to whose custody the
representative Of value, no matter OF
what nature. is to be entrusted. The
amount OF cash on hand It has, does
not cut 10 great figure as its avail
able resources. with which may be con-
sidered the competency and business
acumen Of It's officers. and the COM
merclal standing Of its stockholders
ana directors II all these combine in
testimony OF the solldity of the con-
eern. then deposits. drafts and all
forms OF debit and credit within IL
province are safe and secure. In such
a case how contemptibly foolish
seems an attack on its vaultsl And