The Green Forest tribune., 1907-11-08
THE PANIC IS OVER But Relaxation from Financial
 Squeeze Comes Slowly BANK HERE IN GOOD SHAPE Depositors Haven't the SIiqht-
 est Occasion for Alarm
BANK HERE IN GOOD SHAPE

it's origin in W all street some two weeks ago was felt more or less in every nook and corner of the country. But for the fact that the financial stability of the Bank of Green Forest is so well es- tabished as to have the full con- ddence of practically every de- positor, some trouble might have been experienced here.
 The extraordinary precaution that our bank, along with all other banks of the country, felt necessary to employ in the mat ter of paying out funds, might have excited some distrust had the people who were in a position to understand the situation fully not been able to offer every per- sonal assurance that the con. dition of the bank was in no way responsible for the adoption of such measure, and that, as a matter of fact, the business of the Bank of Green Forest is now at the high water mark of prosper ty.
 The banking system is most wonderful piece of mechanism, and the average depositor is not well informed concerning it's working. When one joint of the banking system gets out of repair it effects the whole body sometimes, especially when the trouble emanates from that great nerve center of the coun- try known as Wall street.
 Millions upon top of millions of dollars exchange hands daily through our banking system without a dollar being counted out, yet every transaction is based on the actua; cash on de- posit or in the hands of some in- dividual somewhere.
 Take the bank of Green Forest, for instance. It now has on de- posit more than S1O0,0OO. Only small amount of this money, comparatively speaking, is kept in the banks safe at any one time. About S8O,O0O of this money is loaned back to the peo- | pie of the town and country l; the other S2O,000 or so is divided up with banks of St. Louis and Springfield, as a matter of con- venience. Say merchant here owes a St. Louis dry goods house a thousand dollars; the merchant issues his check on the Bank of Green Forest, where he has his money on deposit, for the amount and mails it to the wholesale house; upon receipt of the check the St. Louis merchant takes it to his banking house and takes credit on the banks books for the amount; this bank turns the check into what is known as the clearing house, where perhaps quite number of checks on the Bank of Green Forest may be punched together and turned over to the St. Louis bank which holds the money of the Bank of Green Forest, and the checks are for warded by that bank to the Bank of Green Forest, and the checks where the original sender IS charged up with the amour t. Thus settlement has been eff fected without the handling of a dollar.
 Often in the course of business it becomes necessary for bank to express money from one to another in order to keep matters properly adjusted and right here is where banks got "balled up" last week. On ac- count of the prevailing con- ditions in New York the St. Louis and Springfield banks shut down on the shipping out of money to their corresponding banks, pend- ling the adjustment of Wall street matters, and thus it become necessary for our local banks
 adopt similar measures of prd