The tribune. (Rich Hill, Mo.) 1900-1902, 1902-11-27
rnor1r lN nMAIL AolouNra.
Come nlg banks Mako Money On nual
ncus That Others wan Not

Come NiN Banks MAKO Money on ittNN
nruu That Others wan Not
ono the strongest New York banks
Ia the iall street region owes is sue
cess , the foreaiEht OF a cn-witted
man who vet out from the start 10 at
tract small accounts. Years ago when
the bank was a thirty cente" anhir
compared with its present development
Il cultivated amAli merchants. doing
what Il could 10 pleaao hom They
we're not turned down II thcir accounts
fell below the $500 limit, and when
they needed money. the bank extended
reasonable accommodation. These re-
htions have be,n maintained now for
more than thirty years, the merchants
growing rich with the hank until to-
day that particular institution and lie
customers represent moneyed interests
OF tremendous power. And yet that
bank Il run for revenue only by
cold-bloodod men OF UNUSUAL shrewd-
meas, who are mover accused OF giving
away 20 sentiment IN matters Of bust
ness concern.
Explaining the growth OF this bank
Zone OF the most prosperous Ia the ma
tionai Eysteml, an OFFICER said; I'VE
Judge an account not alone BY It's
money value, but By the flesh and
blood behind Il. Some men could keep
only q hundred dollars here while
others having half q million to their
credit would not be tolerated. The dit-
ference "a In tbs men. not In b capital
they represent II would be absurd for
q bank to disregard q young mans
chance OF future success Just because
his present resources we're not equal 70
those whose business career began
thirty years before he was born. Many
q man Of modest income has a circle OF
friends Of great value 70 a bank and
my experiences has been that relations
once established with that class Of Gus
toners often bring about most innuen-
tial connections No, the bank that
forgets the small man is not alive TO
its own interests. We never snub a
little fellow because be IL little. or cal-
| tiyata a big man because he is big. II
is the stun they are made OF mat
counts"
Across the street from this bank an
other institution has grcwn rich on a
different class OF business. A mat
whose balance falls below 5000 Is ask
cd TO withdraw his account, for the
trouble OF keeping II amounts to more
than the interest Il earns. The bank Is
known everywhere as a place from
which warm-biooded people instine-
lively turn away. The result Is its out
of-tovn business amounts to little or
nothing, while it's average number NJ
millionaire accounts is probably as
great as any other large bank in New
York. II Is q private institution in no
sense that It does business for a select
few. hut in.the public Affairs Of a bank
IL plays little part Half q dozen
others. more or less like II. illustrate
the conservatism OF last-eentuTy meth
DDS. having little regard for anything
hat cannot be figured out on q ledger
Rut many downtown banks care little
for the man who cannot keep $500 OF
40 always on hand. and for these indi'
yfduais the newly formed trust coh-
panies oIer excellent accommodations
Some large foreign banks have Iona
found IL profitable 20 accommodate
small borrowers. The Bank Of Francs
makes loans as low as 81. and out o.
eiaS.TS3 separate bills that the bank
discounted In Paris last year nearly
half were for sums under see Accord
ing 20 the banks recent annual report
nearly 10000 bills discounted were 10
sums between 81 and -. The ayeras'
face value o. all bills discounted ~ IN
bank during 1901 was only filt.tVo' II
this country some banks In SINAI
towns in the West make loans as 10
as IS. and the chain Of banks owned b
a private indiyiduEl In Georgia ha'
thriven on business with borrowers re
/, uuirinE ums OF 500 or less-Nev
York Evening Pest