Greene County herald. (Leakesville, Miss.) 1898-current, 1908-10-23
THE BANKING SUMMARY.

ably expecting US to present our
Annual article in review of the
career of that excellent institution
in our town.-the Bank of Leakes-
vile. Of course what we shall have
to say will be based upon informa-
tion and belief, as we do not own a
dollar of stock in this establi b.
ment. However, we are living in
the same town where it operates,
are and have been all along Gus
toner and keen observer. Now
as to the motives that prompt the
writing. One is that of habit: we
have done so every year since it's
! birth; another is that we feel a
large degree of civic pride in its
phenomenal growth and success as
a home enterprise. and this we
might add is the chief incentive:
the other and last one is that the
subject itself of the notice, cheer
fully pays for the space devoted to
same. But that statement needs a
little more explanation: they do
not nor can they or any other bus
mess venture buy our editorials
with money or any kind of pres
sure. They are not for sale, nor
would we permit payment being
made for space used in such a way,
were any structures placed on what
we think or say. We write entirely
ad libitum, they consenting. And
understand we tell things just like
we see them. If we believed he IN
stitution unsound or shaky, we
would not hesitate to say so, rather
would feel it our duty. as its part
of the office of a conscientious news
paper to act as the "eyes" for the
prople, who give it their support
and endorsement. However, we do
accept, yea demand proper rata in
absolute honor statement, for ideas
upon which to cast such piece.
Before going into the considera-
ton of such showing as enacted
before ours and the public's vision,
and from figures handed us, lets lock
just little into the purposes for
which banks are called into ex:s-
tence. Banking is called forth by
the necessity of having some corps
of trained hands to handle monies
and manipulate them into the great
markets from which the country
procures its commodities and the
markets to which productive COM
modlties are carried; media of
exchange on monetary plan. This
involves considerable kno Wedge
and experience of the flow of COM
merce and the necessary placing of
funds at the right places at the
right times, and vast amount of
corresponding and figure computa-
ton, that should be under direction
of skilled an talented hands. Then
the accommodating wealth of a sec
tion necessitates a central station
into which the boards of the var
ious fortune builders can carry
, their wads to be moresafely placed
out for moderate earning powers,
. than is possible by the larger per
, cent of private individuals with
, their inadequate training and
knowledge of handling such matters
!, The man who accumulates saving,
say by the successful handling of
sheep, in most cases there is not
a man, who is versed in the sa-
fest methods of taking security in
: proverb legal protective forms and
: watching it,for any possible endan-
gering from time to time. Then
he may be poor interest collector.
: Not every man that would be able
: to loan a poor neighbor money,
could have the business positiveness
to collect promptly and fully his ac-
) crueing interests. To him the bank
serves splendid purpose in acting
: as his agent along these lines. A
) banking business properly differed
and managed employs only the most
honorable and trustworthy officials
who are schooled by conservative
| graduation into the arts shrewdness-
es and economics of the business,
and these becoming good lawyers
themselves are advised by the best
of legal talent in the protection of
: the interests of their talents. Tis
, true that the interest paid deposit
ors is kept within moderate marks,
but we must recognize that bank
as manipulation safely of these
trust funds assumes considerable
responsibility, is put constantly to
much expense in watching over the
loans, so it has to receive a division
of the earnings. There are but few
private Ezs1ividuals, who can COM
bine al these attrib ties of success
full money handling, hence to them
good bank is a boon; place in
which to place their idle money and
be drawing moderate but sure ear
nlngs from year to year, or FROM
time to time, howsoever often it
may be compounded, as most banks
now compound several times during
q year. Now under our present
banking statutes in Mississippi
(which we consider inadequate but
discussion of that is no part of
the article it can be readily seen
that the business of banking is built