The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-07-11
THE BANK SITUATION.

Inc great need or the situation which
has been created by the closing of the
Savings Bank Of st. Paul just at this time
is patience and elaboration. There ought
to be nothing done rashly and nothing
said harshly.
Whether the bank is allowed to reopen
its doors or it's affairs are wound up by
committee from among its trustees and
depositors, or by receiver appointed by
| the court those Immediately interested
should reflect that there is no one that is
at all likely to influence the situation who
has any other purpose except the promo
ton of the best interests Of all concern
ed AS to just what that is, opinions will
differ; but there will be ample time and
opportunity to sift the facts closely and
carefully, to undo any wrong which may
be discovered to have been done and to so
guide events in the immediate future that
every interest involved will be satisfied.
What will be done must depend upon
the attitude of the depositors themselves.
| If they are disunited or unreasonable; If
they yield to panic or Ill advice, or look
and sensibly, no good result can be pre-
dicted.
The first step thus far taken will re-
ceive general approval. Judge Brill has
simplif1ed and improved the situation con-
siderably by his extension of the time
within which he will hear the arguments
as to the advisability of appointing a re-
ceiver. There will be more disposition
before that time has expired than has
thus far been shown to look at matters
dispassionately.
The trustees of the savings bank are all
gentlemen of undoubted honor and probi-
ty. The institution itself has enjoyed the
confidence of the business public in a rare
degree. Even the general disposition to
call in question the wisdom Of
the action of the bank examiner
in closing its doors is in itself
a very high testimonial to the esteem in
which the institution and those RESPONSE
BILE for its management have been held.
The declaration Of the representative of
the attorney generals Office that there is
no disposition at all on the part of tho
state officials to insist on the appoint
ment of a receiver ought to give reas-
surance to all concerned in its affairs.
No such state of things mas been shown
to exist as should give depositors or the
community any alarm. The closing of
the bank was a mere exercise
of individual judgment If in the
examinations and conferences of the
next few days it is apparent to the friends
of the bank and Of the deposltors, that
the bank should be allowed to go on, there
will, we apprehend, be no opposition on
the part of the attorney general to the
withdrawal of the application for a re-
ceiver
Good advice and self-command are the
two commodities which the depesitors of
the St Paul Savings Bank are mostly in
need of in the present situation.
the st. Louis Globe-Democrat, carried
through a foreign war with a bond is
sue of $4,000 $1,000, and still has a treas
ury amply well filled" A Republican
administration carried through that war
with bond issue of $780, 600. 900 and many
more millions derived by direct revenue
taxation. Why not tell the whole truth?
THEIR GREAT CONTORTIONIST.
Among all the twirling, bowling ad-
ministration dervishes whose perform
ances have amazed and Disguised al
reasonable men, Gov. Roosevelt, of New
York, is easily taking the leading posi-
ton. His language in discussing the
politico-military situation grows day by
day more and more frantic. Never die
a dervish play the role of juggler OF
mountebank more skillfully than doe.
this picturesque disciple of Tom Plat
freaks of the Orient whose religion:
fervor drove him to stranger antics II
the face of high heaven than those In
dulged in by Roosevelt in his character
of ringmaster for the Mckinley Hanna
administration.
He never opens his mouth but to emit {
shrek about the traitors" upon whom
must rest all the responsibility for the
imbecile policy that has marked the i'm
perialist course in the Philippine islands
Could sheer political mania go further
than it leads this political and militar!
cad when he uses the following language
in the latest of his innumerable inter
views:
1t cannot be too clearly kept in MINI
that the whole trouble is due to the
men who for two months prevented tn,
ratification of the treaty of peace ant
to those who declined to give the pres
ident the troops he needed upon tn
, in the first movement to oppose The
treaty have on their souls the guilt o
most of the bloodshed, both in our owl
troops and that of the natives of thu
who have since been encouraging Aguin
aldo and his followers to the limit o.
their small capacity share the guilt 81
, far as their feeble powers permit.
Now mark the lengths to which mid
summer military madness has driver
him. He does not even stop to TAX
breath before declaring both that thu
whole trouble" is due to the traitors
and that their capacity for mischief i
small and their powers feeble! In othe
, additional sentences equally incoherent