The Maryville times. (Maryville, Tenn.) 1884-1944, 1897-06-26

some time returned home Satur
day.
Mr.. and Mrs. Mullendore are the
proud parents of II fine ten pound
boy.
MIR. and Mrs. J. a. Stone are the
recipiants of n fine big boy which
cam to gladden. their home re-
Gently.
The S. s. at Sinking Creek las
decided to have "a picnic in the
near future.
Mesdames Katy Hammontree
and Peggy Jays are on the sick
list this week
The colored people are going to
have ~ picnic at this place June
18th. Excursions on roads both
ways.
4 The genial face OF DR.. Ellis of
Glover Hill was seen ON our streets
Monday.
Mrs Phehe Greenaway Of Coytee,
is visiting her mother, Mrs. Katy
Hammonlree this week.
A singing WAS announced for
Saturday evening at Sinking Creek
Will Woods has promised to be
present and to assist.
Mr.nnd Mrs. John Hall and Mas
ter Joe with Miss Carrie Tullock
spent Sunday with his brother and
family J. B. Hall Of this place.
A part of each of the two fellow
ing families II. G. lies and d. A.
Wilson moved TO Allegheny
Springs Tuesday.
Drs. ]. G. Kerr, n. G. Ellis and
Ben Gates of Knoxville, all met at
Price Chapman's Of Meadow Mon
day, and cut portion of the collar
bone from the shoulder of Miss En-
ma Chapman which had become
decayed by reason of sore. The
exact nature of which the writer
has not been able to learn.
The Question of Branch Banks.
II small national banks are to be en-
couraged in the more sparsely settled
portions of the country, the question
arises whether they should be purely
local organizations or branches of the
great metropolitan banks The old Unit
ed States bank had branches which, by
virtue of their connection with large
central institution, had some advan-
tages over the local banks with which
they competed, but were in more than
one instance the objects of adverse state
legislation. This spirit of local hostility
to bank located in another city, and
perhaps another state, left. memories
which still survive and which account
in part for the opposition to branch
banks.
But the experience of England and
Scotland, Canada and Australia, is
strongly and uniformly in favor Of large
central banks with many branches The
D2pss of Canada are able to maintain
!, singular uniformity in the rates of in
terest in the great commercial centers
and in the remote agricultural regions
because the banks of Montreal and To
ronto have their branches in Manitoba
and the Pacific region and can transfer
the surplus capital of one locality to
meet the deficiency in another as it can
not be done by wholly independent
banks. The conditions in Canada are
very much like those Of the United
States, and the success of the Canadian
banks in doing what we recognize the
Importance of having done is entitled to
great weight in our considerations. In
Scotland it is well known that the
branch system has greatly favored those
agricultural interests which in our OWL
country are so much in need of financial
accommodation.
The preponderance Of financial testi-
meny is decidedly in favor of the branch
system, most of the opposition to which
comes, or would come, from local finaa-
cial interests, JEALOUS of strong outside
competition. There is feeling. of dis
trust of all banks which is born Of ig-
norance. 1t increases rapidly with the
increase of banks capital and the ex-
tension of its operations. which are sup
posed to prove the hank to be maNop-
ely.-Iron. Age.