The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1908-01-08
BANK THAT
WON'T "BUST,"
Request Of Iowa Physician Who
Advocates Postal Banks.
HIS MONEYS Examined" UP.

Mystic Ia. thinks the postmaster gem
erals idea an excellent one AND in Ian.
guage showing his upbringing in Kan
sas near the soil has written letter
giving his unhappy experiences with
early western banking, says wash
ington special dispatch TO the New
York Times. The letter follows:
IL have been strong advocate of a
postal bank for many years. Thirty
five years ago. when l was boy, !
worked on the Atchison. Topeka and
Santa Fe railroad In Kansas and de-
posted the first money | ever had in,
the First National bank of Lawrence,
Kan. The bank busted, and lost.
More than fifty other boys who worked
with me done the same. What the eff
feet was on the others l cant say. but
1t put damper on me and caused me
TO squandcr and waste my wages for
ten years.
when Governor Hoch lived in Flor
ence. Kan, and edited little paper
there the grasshoppers ate my crop.
My brother in Iowa sent me $50.
put $25 in the Florence bank. Old
Peter Aller run away with all the mon
ey. Three years after he was caught
In Connecticut and brought to Kansas
and was sent up for twenty years.
"About eighteen months ago my
brother, carpenter at Piano, Ia, hid
SEQ in the old round oak stove. His
wife filed 1t full Of waste paper and
burned 1t up. A smart Alec "a neigh
bor) said 1t served him right. Hams
(the same smart Alec put 81, 100 In the
nearest bank, the Farmers and Drov-
ers' bank Of Seymour. and lost in less
than year.
"When me and my wife started IN
life We run boarding house in Ia
Dor camp. l tried to get the boys to
save their money and get ahead by
depositing 1t in bank. The answer was
always the same: No id banker can
blow himself on my money You see.
they lack confidence, and their lack
Of confidence is we'll founded, and in
view Of my own experience and OBJ
servation I had to go way back and
set down.
"Well. have just heard of good
old friend who has dropped his little
wad Of $500 in the Charlton Qa.) bank
that went busted a few weeks ago.
My sister IN Kansas has money In Il
bank that invested In warehouse and
cold storage stock In Kansas City.
They are looking for the money, the
promoters, the 100000 cases of eggs
and other things galore that was said
to be stored there, all of which are
very conspicuous by their absence
~ have my money kanned up. Can
you blame me for It? Does the bank
ers aud Others who scold us think we
are all pack of fools? Give us postal
banks that is absolutely safe and every
dollar will come to the surface, as 1t
should when a safe place is provided,
and there will be no more boarding.
Even II you restrict deposits to SIS 1t
will save more men, women and chill
dren and make them independent, self
respecting. law abiding citizens.
II am a Democrat, but have be.
come SO interested In Roosevelt tNat
went to Ke0kuk to see and hear him
speak. II he strikes out from the
shoulder for postal bank in his mes
sage, will vote for him IL have
chance.
"WhoOp 1t up, my good, dear friend,
You are engaged I'm the most. humanl-
tartan work of any man on earth to-
day as we'll as the most economic bust
ness move. We don't kneed more
money-too much now. You see, with
cheap silver coined In dollars at prl-
waite mints that no one on earth can
tell from the ones made by Uncle Sam,
the country has become inflated, and
that is hurting no worse than the
pahic.
Horses are selling here at $3.50 to
5000, not worth over SIS to 500; over
coats and gowns In our shop windows
$50 to $50, not worth over s. to $40;
land in Iowa at 500 to $125, dear at
$40; in Kansas SIS to 500, dear Mt $25.
Our people are crazy.
when Bill went to college pap gave
him money enough to take him
through, He bowed it. Pap pumped
In more. Bill blowed it again, and
pap kept right on pumping in TIL he
was tired. Then he went down to see
what was all the trouble. He kicked
Bill through the glass front Of sa-
loon and wiped up the sidewalk with
him,
IF Uncle Sam, instead of pumping
in more money every time the Wall
street wind bag bursts, will do as pap
did and give us r. o. bank with
equal distribution and less catchpenny
advertising, fake lies through the Unit
ed States mails, fewer slot mahcines,
we will be all o. k