The Alaska citizen., 1911-03-06
THE BANKING SITUATION.

THE BANKING SITUATION.
 Aeua.nI to such course solely as consideration for .ne interests of inc de. -..or- inc Citizen a week ago r.trsmod from editorial com mem on Inc bank situation. In other words. it Mas deemed hat the 8-aae between Captain Barnotto and tha d.ro-..rs was one which could he bas. settled by The parties im- me3taelg concerned and that eratu- f-oa interference on inc part of aa..il.rs "as ur.alled for and cal- raam.d nls ro widen the breach ae.m.e ai this silence. however.
 his paper has been eycrely criti- efszt.
 To ,ha Citizen from the day Cap faia Harua-,e's 6r=t statement ap- psaraI. The issue was cIcaucut ane. admitting of little or no dis =8z=fau mu .he two parties in- gobed had been brouglr face to face. A demand for securities had been made by he doposi.ors on caaau Umuste and he had been r-tea what certain amount he was willing ,a pledge He made his offer specifically and fully, and gave it t1e fullest publicity. A in the case of every other man who harsa'us he vcry naturally tried to do Gha Ic- for himself + may be presumed. however that he felt he @as offering ample securities when he rendered his equity in the Mex tgan lanL When that offer appear eI in tla public press fl was a di- rect invitation 10 the dcposi'ors to go- toeerLcr and agree as 10 whcth- CT or mt the security tondorcd was sufficient tO set their fears at rest. Ii told them what Captain Barnette was willing to do, and asked them. almost in as many words. if fl was enough. or-What mere they wanted.
 But instead of taking prompt ac- tion as soon as the offer was puh- 1isbed a great many of the deposit .or+ conteutod themselves with in- du14iug in much ill-adyised criticism. Alfhouoh their sources of informa- tion in regard 10 the Mexican prop crty were limited in the extreme there were scores who took it on themselves to assert that il was not nearly sufficient as a guarantee, and they further insisted that the statement was not issued in good faith. A this kind of talk always commands willing listeners the feel inc of dis'rust which had been en- rendered at the time cf the closing Of the bank was soon spreading at an alarming rate.
 As this condition still existed on Sunday it was the intention of this paper to cditoriallv suggest the fol- lowing morning that the depositors and Captain Barnette would have to get together if anything in the nature of a settlement was to be expected Prior to this editorial be- ing written, however, Captain Bar nette was called up and asked if he had anything 10 add to his state ment. He answered that he had arranged to meet the depositors' committee that same afternoon for he purpose Cf thoroughly discussing the matter. Therefore, realizing, as stated before, that the matter lay between the captain and the depos- ''orf. and that arraneements had been made for their discussion of the situation. the editorial comment was nmitted.
 Captain Barnette's attempt to ef- feet a settlement in the early . stages of the controversy was dig !. nied by businesslike method. The depositcrs wanted 10 know, as soon ] as he arrived, what he intended to ! do They were clamorous for a statement. They got it. The pro- pOsals in it were not satisfactory to all, but instead of meeting togeth CT and framing either reply to the | captains proposal or an arrange ment to meet with him to make their . further demands, many of them con- | tented themselves with peddling as shine stories on the street corners. ! The Citizen takes credit to itself that | it did not aid them in this childish | display of foOlishness
 GOOD NEWS.