The Forrest City times., 1910-09-16
BANKING LAWS NEEDED.

t't"tttiSt WHICH nave peer quite stringent for several weeks Will begin to loosen up shortly.
 Me note that one man al Little Rock deposited S20oo0o at one crack lew days ago. This is taken as an in deatlon that business k picking uI and the fall season opening, and that large sums will be handled by the Banks from now on. and liberal flow of cash will liyen up the financial market and make money matters a little easier.
 We have also noted with some con- siderable satisfaction the widespread and growing discussion of the proposi. 1lon that the next legislature enact a general banking law, among other things authorizing the state to de poslt its great surplus of cashreceived rom the taxpayers each year through the collectors, with the banks of the state, so that it can he used to help the farmers, merchants and all the people who need it in their business. al time when money is scarce and greatly in demand. After the sher- Ills have made their settlements there Is about 5000, ,000 in the state treas ury which is paid out by dribs. The keeping Of this money in the States banks would help in tiding over the season when deposits run low on ac- count of the money being loaned to merchants and farmers to make crepS on. If such law is passed the money would be kept in circulation instead of being tied up in the State treasury. where it lies idle for months at a time. Such law with absolutely ad- equate protective features, would be q great blessing and favor to the people, and the next General Assembly should respond to the rapidly increasing sen- timent of majority of the people, we believe, in favor of such a measure.
 The Arkansas Bankers Association devoted almost a whole day of it's time to this matter at the recent It. smith convention, and all the bank CTS, realizing the importance of de- positorY law for the development and prosperity of the State, favored it. and proposed that petitions be circulated for signatures among the farmers and business men of the State, urging the Senators and representatives to sup port good, sound Banking law, with State depository feature
 The Arkansas Democrat published an article on this subject d few days ago, from which we reproduce the fol- lowing extract.
 FORREST CITY ENDORSEMENT
 The publication of a recent inter- view by MT Reaves, cashier of tue German National Bank of Little Rock, ill The Democrat on the emphatic need of depository law, attracted the attention of Eugene Williams, cashier of the Bank of Forrest City, Forrest City, Ark He enthusiastieal- ly endorses it and insists that peti- tions should be circulated among far mefs and business men to be present. ed To their representatives Mr. Will iiams says:
 "Other States have such law, and, apparently, are pleased with the same. There IS no reason why Arkansas should not follow, as this is one State out of many which needs all it's re- sources in circulation all the year round Three million dollars taken ont of circulation means not only the loss of that amount in deposits of the banks of the State, but means the loss of that supply to the merchants, far mers and timbermen: in fact, to al kinds of business men. "
 MT Williams intimates that the representative from St Francis Coun- ty will introduce such a bill, as the feeling fora depository law in that county is strong.