Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1910-01-15

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the examination Of ali proposed new
banking concerns. Such q board
should be given ample power to exam.
Inc into the financial standing IL the
promoters Of these institutions, and
none should be allowed to be licensed
unless such 40 could show assets ample
for the carrying on Of their business,
sufficient to cover the amount Of their
deposits, and sound and substantial
enough to thoroughly protect their
depositors.
There can be no question 40 to the
right and the Justice Of the city to
exercise such power under q properly
constructed charter provision. II the
city has the right to regulate plumb
81, to regulate engineers, to regulate
the electrical business. to regulate pawn.
brokers and the scores Of other bust.
ness enterprises and industries over
which II exercises unqusstioned super.
vising powers, Il certainly has q per.
feet right to regulate the banking busi.
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 tho
entire city In its business and CONNER.
cial life. while methods Of q contrary
kind indulged In BY small, irresponsible
speculative concerns only results In
failures that involve injuriously the In.
teresta Of the entire community. How
often have We seen II that the failure
Of one Of these little banks, started
upon insecure and irresponsible founda.
tions. and 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
able financiers. should be Of q charac.
ter that would be absolutely prohibi.
tive Of all schemes and projects for the
establishment Of phony concerns Of this
kind.
This would be welcomed BY oil sound
and 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 well Of the people Of Chicago.
And yet foolish people pass them by
and hand their hard.earned money over
to concerns that have not a single
banker connected with them and whose
leading men have been grafters either
In political or private life, and who al.
ways have their hands out for easy
coin.
Bill boards benefit few and offend
many. They must 60.
~0A
An investigation OF the Milk Trust
by the States Attorney would please
the people Of Chicago, especially the
poor mothers and fathers who can Ill
afford to pay the exhorbitant price on
a food that is so necessary to the
health of their little ones.
Many people favor tag for
princes" A free country Is no place
for mobiles" to be running at large
any more than 1t is for other dan;
gerous animals that are untagged.
| Twenty-eight cases OF pellagra were
discovered In Dunning during the past
year. according to report issued by
Superintendent Willhite.
%6A
Pellagra Is not tropical malady"
as claimed. 1t Is bad food and filth
disease, and shows a lack of proper
nutrition. This outbreak at Dunning
should be investigated.
~S
The death strip" must go.
| ~9
John Callan O'Laughlin In the Chi
cago Tribune Of October IA. 1909:
| There are many things the Mayor
has done for which he will receive the
thanks Of posterity. He was responsi