Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1910-02-19

right and the Justice Of the city to
exercise such power under properly
constructed charter provision. II the
city has the right to regulate plumb.
ers, to regulate engineers, to regulate
the electrical business. to regulate pawn.
brokers and the scores Of other bust.
ness enterprises and Industries, over
which 1t exercises unquestloned super.
vislng powers, It certainly has per.
feet right to regulate the banking bust.
ness, which Ii Of far more Importance
than anything In the line of business
In the city. because upon the legitimate
and honest business methods Of these
Institutions depends the welfare of the
entire city In Its buslncas and CONNER.
cial life. while methods Of contrary
kind INDUCED In by small. irresponsible
speculative concerns only results In
failures that involve injurlously the In.
terests Of the entire community. How
often have we seen II TINT the failure
Of one Of these little banks. started
upon Insecure and irresponsible fOunda.
tons, ana doomed by fraudulent and
false representations, have dragged
down to ruin hundreds Of good. hard.
working, thrifty and deserving citizens.
The licenses Issued by the examin.
Ing board, which, Of course. should be
composed Of responsible citizens and
nble flnanclers. should be Of a charac.
ter TINT would be absolutely prohibi.
tive Of all schemes and projects for the
establishment Of phony concernc Of this
kind.
This would be welcomed by all sound
ana responsible banking houses,
whether private or national.
Banks like the Hibernian Banking
Association. the Graham & Sons, the
Union Trust Company. the South Chi.
cago Savings Bank. the Commercial
National. the Continental National,
Drovers Deposit National. Illinois
Trust and Savings. the Fort Dear.
born National. Northwestern Trust
and Savings Bank. South Side State
Bank. National Bank OF the Republic,
State Bank OF Chicago. and other
banks that have weathered every
panic and every storm for years de-
serve we'll Of the people Of Chicago.
And yet foolish people pass them by
and hand their hard-earned money over
to concerns that have not single
banker connected with them and whose
lending men have been grafters either
| In political or private life. and who nj.
ways have their hands out for easy
coin.
1t appears now that the world gave
Dr.. Cook too much latitude.
A Chicago policeman who let muir.
derer walk away remarked that "a
live coward is better than a dead
hero" He may be, but he should not
be on the police force.
~eA
A New York preacher wants John
ID. Rockefeller to contribute to the
worlds religious literature 100 words
defining his position with reference to
evangelical Christianity. Could so
good a man as Mr.. Rockefeller posi-.
bly, put all his religion in 100 words?
Rev. Hugh Birkhed. rector OF the
church Of which j.. Pierpont Morgan Is
member In New York, said at the
beginning Of recent sermon: There
should be, no poor. My friends. when
the eye Of God Is upon you you will
be glad to throw your money away"
Mr.. Morgan may get scared and decide
to buy another important curio col.
lection or two.
One of the scientists thinks he has
discovered the cause OF the aurora
borealis, but nobody has as yet found
out why certain DeOple continue to