The record-union., 1893-06-26
PRESS VOICE.
Free Expression and Some PIai
Talk.
Interior Papers Comment Upon Mat
ters of General Concern With
Nigor and Intelligence.

Pomona Tunes: A Ventura paper saws
S3O,OOO has already been expended by resi-
dents of that county going to the Worlds
Fair, and that the expenditure is felt in q
local scarcity of money. The hope is that
the Worlds Fair Will result in causing a
vast amount OF money to be brought here
by new settlers from all parts Of the
world.
San Jose Record: Those Southern Cal
ltornians are making idiots OF themselves
i'll trying to force their money out of the
! banks and bring on panic there. II is
apparent that the banks down there are
sound enough and have resources TO pay
all their deposltors, without impairing
their capital stock, and all this scare is
brought on by peoples getting a sense
less craze on and calling for money which
! they don't know what to do with when
they get it.. No bank that receives de-
posits and pays interest on them can
have all the depositors' money on hand
and pay it out on demand, but if the
Bank Commissioners do their duty they
all have ample security for it, and it is
out earning the interest that the bankers
pay to the depoSitOrS. What is needed
now is for people to exercise a little cold
common sense and not force people into
embarrassments who have ample secur-
itle< in sight for all the obligations they
have undertaken.
w OOuldhNA LHutG. lI6 wave Oh DdDk-
smashing has broken on Los Angeles and
Southern California. Six banks in one
day is the record for the sanitarium for
one-lungers. All the banks have plenty
of assets, their resources are more than
double their liabilities, but they couldn't
get hold of available cash. If people
would only keep their heads in such a
condition of things, and not run like a
pack OF sheep to put strings TO their coin.
bank suspensions would be unrecorded.
Petaluma Courier: Messrs. Evans and
Sontag may find the solace of Dutch
comfort in their present dilemma;
There is nothing so bad but it might be
worse" They may remind themselves
that man who steals 500 is apt to have a
harder time to satisfy the demands of So
called justice tnan the gentleman who
lrreguIarly acquires S500,U00 of other peo-
pies money. on the same principle,
while it might be all right TO hang the
villains who have killed only a man or
two, it would be obviously unfair, not to
say absolutely rude. to doom to such ig-
noble tate gentlemen with a record of
half score OF victims.
Fresno Erpos5t0T: The senseless runs
that have been made on the banks in the
southern part OF the State are to be de-
plored. The banks of California are all
solvent, and able to pay dollar for dollar
all they owe and still have a handsome
surplus, DuL lney cannot pay on few
moments notice. They would not be
well managed financial institutions if
their deposits were all kept in their
vaults. 1t is from the interest on loans
and exchange that they make their
profits, and there could be no profits if
there were no loans.
Colusa Sun: The truth iss that San
Francisco is not well situated to receive
the benefit of railroad transportation uu-
less size can utilize the sea. When a car
load of freight can be delivered at Red
Bluff as cheaply as at San Francisco. the
merchant OF the former place is not slow
to see that he has the advantage of the
local freight between these points by buy-
ing in the same markets in which the
merchants of the latter buys. If. how
ever, she could control the road cutting
the four great Northern roads, it would
be big point in her favor, for she might
thereby force concessions: might stop. to
some extent at least, this multi-terminal
business.
Santa Barbara Press: The experience of
those who have made runs on banks has
shown that when taking all conditions
into account there is no real time for
timldity, and the want OF confidence that
caused these senSeless runs at first has
only been augmented by the mistrust of
others, and instead OF meuding matters
they have only helped to make them
worse.