Ashland tidings. [volume] (Ashland, Or.) 1876-1919, 1912-07-29
Chang and Eng.

Probably the most elastic word in
our language today is the word
! progressive Statesmen have
stretched 1t to cover every policy and
ism yet promulgated to catch votes,
while the meek and lowly voter in
NarlaDly invests his personal choice
OF candidates with all the virtues
that are supposed to cluster about
! the magic word. Even in business
| circles the various ideas as to what
constitutes progressiveness furnish
much amusement. And because we
claim to be progressive in our line
am addressing this letter to the pub-
Tic, and furthermore the amusing in
cident that inspired this letter is OF
peculiar interest to all
Doubtless you have read the clever
advertisements appearing in last is-
sues of the local papers of what pur-
ported to be an account of certain
council proceedings, to the effect
that the United States National Bank
and the First National Bank of Ash
land were going to pay interest on
city and school funds entrusted to
their care.
Nothlng very amusing about that.
you say? But stop! Look! Listen,
Ihe article in question, which was
signed by the Siamese Twins of local
banking, started: Upon investiga-
ton we find that many banks are
paying interest on public money in
their hands. We will therefore, be-
ginning with August /, 1912, pay to
the city of Ashland and to School
District No. 8 two per cent on such
average daily balances as are depos-
tied with u.s."
Don't you see it yet? After 2SI
years under one management. Chang
suddenly learns that it is the custom
TO pay interest on public funds. He
communicates the information to
Eng, whereupon they both rush to
the local newspaper offices with their
startling discovery and, at 10 cents
per line, are permitted to announce
to the public that hereafter they are
going to do what others have long
Deen doing, L. e., paying interest on
pubic funds deposited with them.
An, now you laugh and ! perceive
you feel the dint of humor. (My !
apologies to the late Mare Antony. |
Yes, it is amusing. And yet both
Chang and Eng doubtless consider
themselves progressive, not realizing |
that, while they were making prog
ress, it is not progressive" merely
to follow the progressive ideas in
augurated by the Citizens Banking &
Trust Company.
NAV Onnagio,
that the Twins said nothing about
paying interest on county funds and
the funds of other school districts.
Can it be that they already have
these funds in their charge and don't
care to waste bait? No use to overdo
the progressive business, you know!
However, we shouldn't expect too
much. 1t is hard to teach an old dog
new tricks, and after doing business
Lwenty-siX and eleven years respect
vely without paying any interest on
deposits whatever, it rather goes
against the grain for the Twins to
nave to meet competition now.
All this emphasizes the fact that
he establishment of The Bank that
Helps the People" was God-send to [
Ashland, as it was organized with
he modern idea that bank should !
'e public convenience and not oper-
tied entirely in the interest of its
I
And in conclusion will say, that S
We propose to keep up the good work
nd hope that by progressive compe- d
ition we may force our competitors /
O become great factors In tha nm 4
of Ashland. &
Respectfully submitted, C
JOHN A. HARVEY, Cashier.