The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1897-08-19

cry iiduciary obligation. The future
success Of commercial banking must
rest upon these lines. when IL II placed
upon this level there viii h. 40 cause
for anxiety among depositors and no
demonstration on the part Of the public
in the most trying time OF a sense of
shock when bank failure Is an
nounced.
The criticism which may Justly he
passed upon commercial bankers in this
country is. not that they have not oh
served this fiduciary relation In the
great majority NJ Instances. but be-
cause. In the anxiety to declare diyi-
dends upon capital invested. there has
been a wide departure from doing a
commercial business. The line To he
drawn in the extension of credit is not
hard of ascertainment. A bank deal
ing with commercial deposits should
confine It's granting of credits to strict
ly commercial undertakings. Ii has no
right to take commercial deposits pay
able upon demand II II pursue "A differ
ent policy. Fixed loans and fixed in
vestments are the province Of trust
companies and savings institutions. and
not the field to be entered upon by a
commercial bank, handling commercial
deposits essential To the proper conduct
OF daily commercial business. am
confldent thar ~ This linz ~ dsmarca-
lion was drawn instead ~ her. ha,ny
na,y hanL 70 i,,r.s L..a,,s., 81 AZ, 90
c,,r,,,,a,ian -, un.,n,sr,ih,a ass.,s
,h.,,, u,o,,la n. fay. a,d ,har iar,.,,,
,h,o,,sh rr,ninai dishonas,is,
p,,, o,,sidn ~ ,haso sc,s NJ a husi-
ness character 10 be- performed largely
by the banker. In bettering conditions.
there are weaknesses in the business
world hevond the corrective nower of
any nriva,o citizen wb,ch mus, no
aradica,ad ~ the nom. 90 6a,,ar things
10 s,liy ius,iaaa The ,ou,,d ,hs,r
or,yin 4, s,a,u,orv anac,men, ana their
,,nSn,ng I,as so,s,,, ~.,,h ,h, na,ian,s
iayis,a,ive hody The c,,ra,cy n,oh,
lon, A. ,sL,ne 4, hv ana la,.o ,ha mos,
,,,n,,an,a's si,h ,.hin,, ,ha ,o.,.,.an n
s,a,asn,an nos 30 40 T, 10 on,. n.i,har
- ,',,i,ias No.. r,,i,,.ai nr,earn,sn, n,
a. .s hanLsrs ,,,,.. ,han ali a,h.rs
n,,,r, 90 raaii,a Or, az h,,s,n.ss s,,,-
,.rs.ar,,a,,on GA as s,,.h shn,,a COR,
s.,a,a ~, a.. ha,a, "a - ,,,h. .,.,.
s..arn ~ .,,.,d ana nr.ser,.a Tho no.
nis.s r,gb,s n s,a,as,oanshin and na,,d-
a,ts,n 'o,n,nans,,ra,a with he nagni.
49, - r. i,,,'.,.ns.s ,,,'.a,,.,, =, n,,.,,,,
as ,,oil 20 anl,s, ,,nh,ic san,,n,.'n,
Tho, wo,,,d hr,ng a su,st nnnishnasnt
mon ,hoss uho s,taun, "a naLa 1, the
Ma ,,h,ny az ,.rty desirss /, nd The suh.
-, 30 r,.r. ,o,i,ic.I n,,a,ory There is
no ,,nI,,ioai ,a.araan,ain h, ,,hi,h ,,olI,-
icai Observation-Disclosures can a.ce,y. ,ha
nuh,i. ard suhs,,,u,e yv,,hou, th,. ,c,
heiny inou,red into other Iss,,es fnr
,ha, sa,,,'a c,rr,,c, Nai,ha, one
nn, al, ~ ,h..n, is az such ,i,ai ,mnor-
,ancs as ms a,h,,h reaches ,n The no.
,inr,s and H., inai,,,,,,,ars raj, A,
,ha ho,,an, ~ the c,,,rency oues,in, q,
i,s los, .na,vs,s ,tes ,nat of cradI, apa
,ho a.,oan, IN ,chi,h ,no na,,o, ls hoid
ha,h a, ha,na and ahroaJ .u,s,ary ..
4, is sa IA "he. RS evidence thai ,ha now
a., of cradi, vii, h.ncac,,,h dacids dn.l-
Ia ,ha .r.., con,es,s of ,h,. uo-,d
finder such 4. t1,tb (, is "a hlunder
a.o,.., ,h.n a orinoa', a, those ,Io,haa
with the nower ~ action 10 defer
wha,bsr from, no,i,,.s az no,,,ical s,rai.
eyv i,dinerence ar ,imidi,y ,akipy
sucb sieps as win give "a The eonn,ry
mone,arv lawstb,t viii strengthen and
moi weaken lis financial standing and
comno,t with its ,ru, nower and dly-
nitv
N is asserted that when the revenues
NJ The poyernmen, exces,l lis necessary
exnendi,ures no further ,rouhl, viii foi-
low and IN. ar,umsn, based ,,pon for
mar cnnaI,,ons under a nIe,hora az
money in The treasury is advanced in
sunnor, ~ ,hs ,onteution IA is for.ot :
fen however how greatly the burden
placed upon the treasury has been in :
creased ihrouyb silver nurchases and
issuss and how unae, exis,in, condi-
lions of to-dny the treasury has no
gold income from the ordinary chan
neIs of rece,n,s rho d,fTicui,v is a