Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1907-07-19
Why We Cannot Do It.

can have the money ready to pay
on these time depositswhen due".
We.cannot make long loans or
real estate loans or speculate with
it for large profits for then the
money would be tied up and could
not be gotten when most needed.
If we would paw a larger interest
than safe banking permits. we
would be tempted to make unsafe
Investments. or take chances in
oil, gas, or mining stock, in
options on the board of trade.
which deals would make unsafe
banking. We never have done
this kind of business. nor will we
ever do it. A bank has to keep
on..hand in cash certain amount
of these time..deposits in order to
meet those coming due all the
time, which amount in cash,
brings no interest, to the bank.
Again these deposits accumulate
IN large amounts, coming due all
at once and in paricky, times PAID
promptly. SO you see the cash
must be on hand or safely invest.
ed so you can get it quickly.
Many good banks will not pay
interest on time deposits claiming
they are too hazardous q risk for
safe banking.
Now we have given you the
reasons why. Are we not cor
rectl We are very anxious for
business. but not so anxious for
any business that mas a tendency
to cripple our bank and hurt our
customers. We will still con,
tinue to pay interest on time de-
posits. but we will still have tC
refuse the many thousands Of lol
lars offered us, if they still insisr
on a larger rate Of interest than 8
good safe banking business vii
permit.
And that is the correct way, a.
laid down by the National anC
State Laws on banking, whicI
this bank is always following ant
always expects to. follow and yol
: will please excuse us if we do no
! step out from the ordinary bank
ing and do what is unsafe for tn
banking business.
You must remember that since
r this bank has been started, tn,
rate of interest has been cut dow
a great deal, and also the time
| are so good that farmers ant
mechapics are loaning money in
stead of borrowing money. An
to those whom we have refused {
take their many thousands of do
lars at a large rate of interest
+ will state we can make invest
ments for them, if they wish u
to. In fact the business is. W
can take care of all the none
that comes to this band in a
honest and legitimate way, out
| side of that, we do not want it.
, This bank in six years has bui
]. up a business. second to none l
e this section of the country.
has already doubled its busines
that it expected to get, and vet
r is constantly increasing simpl
o and solely on account of the stric
l. Iy business manner in which...,it
d carried on, and the confidence th
o people have in it. Its stock::..cal
e not ue bought for Sl.6O and v
!. could easily double its capiti
stock and have it all subscribe
{ in a week if we wanted to. VIII,
e We are after is to have bank {
a the people and for the peopl
: whereby they know that they a
:. perfectly safe, for in the mai
1t banks are not wealthy; it is ii
people that put their money
IS the bank that are the wealth
). ones,and the officers Of the ba.
70 are simply there to protect al
IN guard and give it back when it
N called for. That is one reas,
;c uhv nur on,h;t;oc q. - a