The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1911-12-16

F*71FHeE
a. II p tsenas rs Secure rlsru'sssnn
~ Hnn. SEQ nn. rspssai ssseA paid u
- see eco 90 individual ssposss.
4ahs~ts 81 shwrA ss.taT,s&NaA Ths
Fifes swn ifesnH ~ the above SIRE ia
fenaspe uesHs 1T resources 81 rttes
IN stia feitaft ~ National bank n
T'eSae esss THE foisowiap tvs
iserss are the rflncipai i'emp ~ tls
hiflsipn ~ shown nv said reports
sssssne enc will naA What tlees
ftat signify further than she fact
That the report shoNs that 80 be 4
very atreng hhnaFN I.os us for a
few moments tiiseuse these Figures
and enaeavor to fiBd out juss what
shHs mean The item ~ tT.4as,sTs. j.
~ represents bantsbie notes ~
hat amount on long loans, ehor,
ioans, call loans and such other
loans AZ shr national banking laws
permit. The item OF tf.fa4,stS.sa
individual deposits subject to chert
repreeents the amour, ~ the peo-
pies nancy that has been lett in
the hank for safe keeping Thaae
discounts exceed individual deposits
subject Ia check &244.72T42. or
rather that the depoHlsors are furn-
ishing most of the sInews OF war
The one million dollars Invested in
bonds TO secure circulation In the
n x,f Ia ypff Lea,
liability column by the million dol
lar item OF capital stock paid In.
When we trace these items up We
find that II IL the capital stock tha.
paid for the bonds and that there
has beeT an Issue OF national bank
notes " the amount OF the bonds
These National bank notes are loan
cd tq#Dbrrowers the same money of
the dcposltors. SO we find that in
sAddition 10 the individual deposits
gubject TO check $7.197.s4s.9o tho
Partial stock having been converted
INTO money again adds another cool
IlnIilIon 10 the banks loaning ca
Aelfy. In addition TO the interest
t.. bank notes your Uncle Sam pnys
nc or -four per cent on the bonds
#iefs out for the basis of bank
as, Suppose while we are not
we organize bank on paper.
Nm. A number of gentlemen
n meeting and subscribe the
My amount OF stock, Suppose
Ake II million dollars do
Selieve IN doing things on 4
scale. Tho necessary license or
hit II obtained. the money paid
and tho officers elected. Tho first
Eng we do is TO buy million dol
krs worth OF U. &. bonds, we will
pbcuring three per cont. We then
~ the photographers busy and soon
there IN I consignment Of crisp new
1i6stenWd unnifpped sheets cf hank
S4os, Th1 pfoaiAent and cashier Het
Sfy trtfxfga IN them up ana ai9n-
~ thcm. rms done va have 4 mil
if6h doliars to loan less 3 per con-
Of this amount which Uncle Snii
keeps In the treasury as redemp-
ton FUND. We now have 100000 In
new money to let out 10 the FARM
cru and business men. Uncle Gam
II paying nv $4,000 per annum on
that capital stock we paid In. II we
can keep t7b0.00o OF this $4,000
loaned out At an average OF per
cent II Will bring lis IN *0o'oVo'
which added to the interest on our
honda makes . per cent on our In
vcstment after tho expenses are de-
Quoted the Investment In not no
great M a profit producer but stu
better than paying St2b per acre Tor
land 10 raise six cent cotton on UNI
less you propose to peon your Ten
ants. Suppose, however. when we
get settled IN our banking house
with plenty OF fine fixtures In about
tte most pretentlouF appearing
Kpusc in town and get our SIGN on
the window In large goid letters.
The Peoples National Bank. capital
$1,000. 10000, the farmers. laborers
and business MEN begin 10 come In
and leave their money with us Tor
10 keeping until we have $1,000
100 more to operate on. we now
have $500, 10000 to loan which
at q per cent will bring us s4op,oo'
10 which add $4,000 coming from
trncle Sam and our income ~ al
most go per cent OF our original m
yestmcnt per annum | do not claim
that there are any banks making
anything like 80 per cent on thelf
original Investment but submit
theue figures to illustrate The tact
that bankers, while not exactly what
might be called parasites live, move,
fatten aud many Of them grow ~
pompous an village hotel Keeper
on the interest from other peoples
money. A circumstance gentleman
related 20 me today illustrates the
point better than I have IN all these
pages. A friend Of bis In business
was pretty heavy borrower one
day he was talking business TO w
banker when the banker reminded
him OF the fact that he was Away
narrowing about to his limit ~
turned to the banker and SAID
hat