Iditarod pioneer., 1916-07-22
A SOLEMN NOTE OF WARNING

In this year of q presidential election when the minds of the people filled with thoughts of the great European war and eur relations with the bgercnts the Mexican sltuaon and less conflicting ideas the subject of preparedness IS perhaps the part of wisdom to avoid allowing gre" problems oi government be oxcure The demon of unrest that n evidence and winch shows its suien heaH occ2Sonay m o3 wars ockouts the accumulaons of immense funds by organized employers destroy the organizations of employees and fatal arays between armed thugs employed to keep m sup eon the desperate boer calls for grave and sober thought on the part of all classes of citizens alike not enough to d'S the subject of the eeonomlc warfare with SperclouS hrug of the shoulders and the remark that the unions are to blame for the ending conflict equally it ridiculous to av the blame entirely the employer of labor Social unrest is burning problem which calls for remedy and that remedy will be found the of the stronger to destroy the weaker.
 It is encouraging to realize that earnest high position seeking ntegeny find the oution and that men high the councils of the nation impressed with Its importance and urgency It N however, somewhat in the nature ot sur prise to find the comptroller o the currency addressing S ing bankers and pointing the dangers ot great &ccua ons wealth and their effect the country and its people as the Chattanooga Tenn recently when John oEelo Williams comptroller of the currency, addressed the annual con venion the Tennessee Bankers Association He presented figures show the increasing prosperity and growing oaIh of the Souh and in th great accumulation o capital s represented by the large bank deposits MT Williams found possibilities of great danger He would have this wealth more euitqt distributed the benefit the farmer and rural dis tcts and he took occasion to dreca pns up of bank bal ances ill financial
 gerous of political social diseases would be glad to put the minds of you gentlemen controlling as you oo so @rse part the money supply of the country the thought that you achieve much In preventing and eSehhg the 4>co''tl and which disturb and threaten which n agltaor and encourage strengthen the fees of peace and law.
 All of us know that it takes two to make quarrel and that every quarrel there right and on both sides lnhapy almost ratio wealth and camtal increase in large parts this country the bitterness against wealth and capital We have felt this acuey in the South because SO far we have very great fortunes and parativev very people. The un districts in South limited and have few examples o really dire deSuton resulting from general causes But the bon has arrived think the figures that have given prove that will be here in the South before long 1t w mean danger and wise try to think for the future.
 " force coherency plan the SocalS have presented and realize fully that what call philanthropy and benevoence frequently merely indictments to meniI cancv Certainly advising to lend the money ct your shareholders and depostors people not likely to pay cannot avoid however, the feeling that the solution Of tS e mendous problem avoidance danger looming just beyond
 reached by the genius the enterprise and the united action of American bankers.
 "1he arrival of the billion the unit in returns and re ports our calculations and financial thinking brings to with glory and and power new and very grave dangers Billions iii few hands and few pennies divided among many hands dirupon deadly disease mpotency and decay and presently dsinegration for country.
 The building of small local industries undertaken by capable and willing hands the development of the great funta mental agricultural industry the helping of the little business who has character and ability and ambition offer renen opportunities only the increase of aggregate wealth power but for the distribution of them, that worthy be hopeless.
 One of the fundamentals the distribution of wealth and opportunity the proper distribution of capital kno" how frequently it has happened especially among the South poyed legtinay do things they would like do, and to help when could be lawfully and prudenty and for the good of communities One for this the tendency which has long prevailed deposits and large plies of ready money the great financial There the and heavy drain The cash paid the railways to the telegraph and telephone companies the life and fire companies flows and ceae to the center and is taken from the local channels of commerce"