Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-11-21

mand; he even does IL ali out u Jay
or two in mans lifetime; but the de-
| positOr knows when he puts his money
in bank that a part of his money Is
to be loaned out and with this knowl-
edge clearly in his possession at the
time. he has waived, morally, his claim
to his money on demand. When peo-
pie read of a bank scare way off In
| New York or some where and go to
drawing their money out of the bank
| to an abnormal amount. they are UNI
| fair to the banker. They have his
promise, tits true, but the understand
ing clearly was that only limited
number should come in any one day.
Furthermore, there are others who
have rights. Here is a man who en-
ploys 300 worknen. Those Workmen
have families to feed. They look to
the one employers pay check The en-
ployer. before he built a factory and
hired men, went to the bank and in
CURED do you loan money! Yes.
Whose money!" Our depositors'
money" Did they say you could%'
Eyes" "How much will you loan me?'
| ',The usual limit under the law. If you
have collateral?" Relying on this he
builds factory and employs men. To
shut him off without warning might
close the factory. He can not come In
and sue for an injunction restraining
the depositors from taking their money
out of the bank too fast, but he has
rights The 300 workmen with 300
families to feed have rights. The bank
er then must be the Judge, so In rare
times like these. he says to his deposit
tors, STEADY now. Be easy. We VIII
give YOU $25 in currency for your I'M
mediate needs and q draft or checks
for the rest. Only one in twenty OF
you ever brought us any real money,
and now YOU must take back in part
Just what you brought us; checks ana
uTaIIS, UeEc lSNSi CSNA -
during this recent stringency when 4
man who had real currency to deposit
could not leave it with bank and
draw it out in currency whenever he
wanted to. The limit of $25 has been
applied only to those who deposited
under normal conditions, knowing and
expecting that part of their money
would be loaned out and when they did
not bring the banker anything but pa
per credits or perhaps got their de-
posits by borrowing from the same
bank.
This is why the banker keeps your
money today You told him to loan
your money so you would not have to
pay the expense of running the bank.
He is entitled to a square deal. 1t Is his
duty to protect the legitimate inter-
ests whom he and the depositors to-
gether have allowed to grow up around
them. The peoples money is safer with
him than with anyone else for there
is all the capital of the bank and that
double liability on the bankers bond to
protect them The manner In which the
depositor has been doing business for
forty years past and paying nothing
to have his money kept safely under
bonds for him, has permitted great
business empire to be built up, en-
ploying its millions of wage workers.
Factories and wholesale houses, cattle
feeders and merchants have invested
money and employed men relying upon
loans at the banks and they have =
right to normal Withdrawals. The de-
positor who knew how bank did bus
mess was as much a party to this con-
tract with the borrowing public as the
banker was and he does not have
moral right to his money on demand
and in currency when too many such
demands are made needlessly on the
same day. The public welfare must be
considered by the banker as well as by
the health officer.