The Boise citizen. (Boise, Idaho) 1906-1910, 1907-10-25
ROTTEN new YORK BANKS.

1t has long been known that the banks of New Yo-hose
them that have fallen under the control of spectators pgers
OF the Henze pand others that aduncts street
corporations great insurance companies
the investigation of which led many the practical
weng OF great business In regard the banks condition
has been such that suggestion of legislative investigation
caused hudder the fnance In
TACT the roenness permeaes the financial atmosphere of the
metropolis that radical dreaded matter
reformation Lawson than limited that his proposed
Tor existing financial troubles public withdrawal of confidence
from banks controlled by SPECTATORS and large
the banks adncts to Wall operations Today witnessed
the spectacle of the Secretary the Treasury New York with all
the treasury surplus throw into the vaults of banks
to avert national disaster This the province of the national
treasury and with safe banking there would
be no necessity for such action by the secretary
The present furry which borders greatest panic vet known
IN our history has been caused by the banks participating in Wall
street speculation The Metropolitan Bank used by Henze
as the base Of the money supply control the stock of
the United Copper corporation All the funds were at
his disposal this gambling undertaking. There was nothing left
Tor legitimate banking purposes in fact the was not in
legitimate business all and its charter be revoked The
remedy be said to be drastic but will vet be found nece
ay one unless the banks share with the insurance compa
mes the wholesale loss of public confidence is true this partic
lar bank has been declared and there has been chance Of
management but should be forced entirely of business as
warning to Others and the public that such pereon
OF the legitimate banking business will be tolerated The Henze
losses estimated of $6OOOOOOo and it is wonder
that the bank hopessy the wrecaee The whole
proceedings was gigantic gamble and the engaged on both
e
IS but tribute to the longer purse shrevest moves and the
most cunning OF eprehensbe methods what business has the
OF the treasury to be at the beck and call such game
sesf the reformation OF banking methods with the complete
OF the banks from speculative interests in all the large
commercial cnters one of the urgent of the day Nero
was not the only fiddler in the midst OF conaagraton II
strong voice has been raised in behalf of child labor IN th =
southern states The North American Review publishes an article L
BY the late Julia Magde dealing with this topic and She certainly -
makes some very strong points The premise is in her inquiry what i
: the alternative? And certainly this proper question Miss or
agde pictures the home of the shess whes-te crackers W
81 the south from whose ranks the children of the factories ~
ana II IS hopeless picture of handtomout existence without az
oohg OF training OF any kind And then points to the ha
eoy village with its schools and churches installation of or
uer ana industry into the workers until TO believe that ne
ne iaetefy with its child labor important factor in the upft Inc
e people ne writer absolutely denies the stories overlong M
oufs and ddgey and the factory child far in advance
ose who DRIFT IN the footsteps of the elder generation
hiit and arnes life Of the Crackers race or grade OF hui gil
1amty unknown outside of the southern states sta
no
we have made special arrangements by can send VIM I'M