The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1895-12-14
LET Us HAVE A BANK IN
PROVIDENCE.


Roby, cashierof the Bank OF Nor
can CITY, La., will visit our town
next Tuesday for the purpose OF es-
tablishing bank in Providence, II
! he meets with the proper encour.
scement and support on the part OF
opr citizens and business men. MIR.
Roby is interested in number OF
small banks throughout the State,
and from what he has heard OF our
town. he thinks that bank here
would pay handsomely.
/ We wish we had more time to give
This matter some consideration, but
as we we're spprized of 1t only as We
were getting ready togo to press, we
will simply 10. down our ideas OF a
hank in Providence and its Dement'S
to the public aud private interests. y
A bank is an institution managed
| by responsible parties, for the pur-
pose OF receiving deposits OF money
and valuables, making loans on APP
proved securities, and selling drafts
and exchanges on accessible points
lin this and other countries.
| Up to the present time, every one
here has relied on his commission
merchant in New Orleans, without
thinking that we controlled among us
the material for carrying on business
"a in other sections of the United
States. and relieving ourselves OF the
feeling OF dependence, which GRIP
pies all enterprise and public spirit
among us.
The Providence merchant now
keeps his money in Vicksburg or
New Orleans, and the planter and
1.-THE professional man do the same.
Hence it is that every merchant IN
town is glad to cash good draft IN
order to remit to his bank, because
he knows how insecure is his safe
and that even the best of them are
neither fire-proof nor burglar-proof,
When he wants to remit, he gives
draft on his bank, which is trans
mitted by mail without any expense
or risk to the sender. if properly di
\. rected and endorsed. This OF course
E, simplifies business, and few mer
S. chants, if any, have now recourse e
+. the post-office in order to remit t
their creditors. But how much more
easy, sure and pleasant would busl
q. ness be for Providence merchant l
we had a bank here? Every evenln!
he would carry to the bank the sale
= of the day, which would be deposite'
J, in the great vanlt of the bank AM
" kept safely, because the bank woul.
or keep a private night Waterman. Hl
es bills would come for collection to 81
to banker, to whom he would simpl
give in payment draft on his ow
hank account. He would have D
nr trouble about remittances. and !
!, this way currency would remain
home and in circulation where 1t
w most needed.
n The private individual, whether
. planter or professional man, woul
is no longer he obliged to carry ZOOS
: change in his pocket at the risk
" losing, and especially spending 1t
rs the first opportunity; but he wou
At omen a bank account, and pay h
Individual debts with check tn
would in all cases act as recelp
lat as it would have to be properly e
s dorsed by the payee before it cou
- be collected. In this way he wou
e spare the time of counting the none
ne making change, which perhaps Won
lat have to be sent for, and in all cas-
nd he would avoid losses by error.
ry. The planter would have no Ion
. or to send out to Vicksburg or
~ New Orleans for currency in t
70 cotton-picking season, for he won
airy End it in his bank, and could P
his hands by draft on his accouI
A bank would also insure Us
out better price for cotton, tor then G
ca ton buyers would come to our tow
es. heretofore they have never col
To here. for they viii not go to a to-
bot where there is no bank, becat
they say they cannot transact bu
eie ness satisfactorily unless they
'ne near bank.
lit AS last consideration, there
UGH no better way TO encourage IN
young man habits of economy, a
thrift than to present him a ba
hat book with few dollars to his mar
sful You may rest assured that, if tn
i is anything in him, instead OF spe
!. ing that money, be will on the 9
'""' trary strive to make few dimes
ers, add to his bank account.
ling For several years, we have spol
rife of a bank IN Providence, and n
the that our town is doing better b
: ! ness than 1t has done for years
= would seem a necessity. To'
'he like Thibodeaux, Morgan City, Ii
rty. yette, Bastrop, ETC., have banks
flourishlng condition, and we see
Ne" reason why bank in Provide
ent' should not pay. fit pays IN
ness trop, and we are assured it does
off bank properly managed should 9
AIRED money IN Providence.
man