The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1893-11-05
AS TO RESUMPTION.

III LIE lOORl columns
this morning will be found an interview
with Hon. A. d. Lynch, national bank
examiner, who has come to Helena to
look into and report to the comptroller
Of the currency on tho condition Of the
First and the Montana National banks.
Mr.. Lynch has been in the service Of
the comptroller's office for twelve years,
and during that time has examined
banks all over the United States. flo
is in Helena not as the representative OF
the stockholders of the banks, but to do
what is best for the depositors, so that
the latter may get their money and
get it in as short a time as possible.
How this may be most speedily &C.
complished he shows when he says:
"The interest Of the depositors is the
first consideration, and if they will CO.
operate with the officers and directors
of the banks, a speedy resumption can
be effected. 1t is necessary on the part
OF the depositors that they should
promptly and without further delay give
their agreement for an extension Of
time in which their claims may be paid.
II the banks do not succeed in getting
the necessary amount Of extensions they
cannot resume business; but if the
creditors will respond to the all which
have been made, l see no reason why
the two banks may not be in business
by the first of the coming year, or per-
haps sooner, if the depositors and those
who owe will do their whole duty
promptly and without delay"
MI. Lynch says that while there has
been a generous response on the part of
depositors, that much yet remains to be
done. II the banks fail to open he
places the responsibility upon the
debtors and creditors, and leaves it with
them. Realizing as he does the effect
upon the general business of the city
and state of resumption or permanent
suspension. Mr.. Lynch points out very
clearly what his experience has proved
to be the better course. He also makes
it very plain that the former can only
be accomplished by prompt and united
effort. Speaking for the comptroller he
shows that that officer is DESTROYS that
the two suspended Helena banks should
resume business, SO that all depositors
shall get their money as soon as pos
sible.
Some of the creditors of both these
banks have been backward about sign
ing the agreements looking to resump-
ton. The INDEPENDENT believes that
a large majority Of these people are pa
triotlc and are endowed with common
sense. Il they continue to hold off re-
sumption will be impossible and instead
OF getting their money with interest in
q couple OF years they will wait six or
seven years, and then get it only in
installments of five or ten per cent and
no interest; if they sign right off
they will receive it in installments of
20 per cent. MIR. Lynch tells very
plainly what can and also what must be
done.
Let depositors do as he advises, and
do it promptly, and when the new year
OF 1894 is ushered in let it see the First
National and the Montana National
banks, which have done SO much to
build up the state and city, open for
business. They have been honestly
conducted; their suspension was not
the fault of their officers; IN days gone
by they have helped you. Now is the
time to help them and ut the same time
help yourself. 1T you owe them money,
exert yourself and pay it; If they owe
you give them what you would any
creditor you knew was solvent but
cramped for cash-an extension.