The times-herald. [volume] (Burns, Harney County, Or.) 1896-1929, 1918-06-01
THE BANK REGIMENTS.

30 you know the important part
bankers are playing In this war
gamer
You wouldn't think that some
Portland banks are paying out as
much ~ $1,000 month for extra
help and office expenses In carrying
on war work, would you?
No class is fighting harder or sac
rificing more In business way. Even
newspapers which give away thous-
ands or inches OF space and devote
columns on columns to keep the
home fires burning are scarcely more
tlreless IN their efforts or constant
In their striving
The banks ara great Instrument
OF service and the bankers power
ful asset OF the government. They
are the headquarters and clearing
house OF the great popular loans.
They advance money 10 bond buy
ers. great and small, receiving lIttae
or no interest. They are the record
keepers OF every great loan. Their
work does not stop when the drive
Is over II goes on and on until the
next drive comes and doesn't stop
then.
The millions OF bonds bought on
the instailment plan from the banks
make millions OF accounts TO be kept,
and kept without cent of profit and
nothing but added expense TO the
banks. II Is a tremendous and end
less task.
Every war drive OF any kind means
added work for the banks and bank
ers They back their patrons. They
are called upon for contributions.
They can take no profit out of the
transactions. The banker looks you
In the eye and tells you to buy War
Stamps and Liberty Bonds. using
your deposits with his bank for the
purpose. II means the releasing OF
| the deposit you hold In his bank for
the use OF the government with u
prospect that sooner or later all or
part OF that deposit will be removed
from his vaults. When you stop to
consider that deposits are the life OF
bank and that the larger the
amount OF his deposits the greater
Is his profits. you can glimpse one
OF the sacrifices the banker is making
when he tells you to put a part OF
your deposit IN his bank into a
Liberty Loan or War Stamp.
The government desires the banks
to keep their resources liquid 80 that
there will be money for carrying on
shipbuilding. financing farmers In
planting and harvesting their crops,
money for carrying on freight car
building. and money, free and easy.
for all things that must be paid for
In carrying on every local activity
on which the war Is supported. The
banks are thus the clearing house
through which the government and
all the people finance the war.
The banks are the ready resort OF
the government wnen available pub
lie funds are exhausted. We cannot
have a Liberty Loan every day.
But the Government must have
money every day. When there is nc
money at hand Tor public use, the
secretary OF the treasury calls upon
the banks TO subscribe for certificates
OF Indebtedness. II may be call for
100 million or 500 million OF the
banks funds.
The banas ask no questions. The
requirments may be for two per cent
or ten per cent OF the banks entire
resources. Most OF these calls are for
two percent In two-week periods for
five periods or until ten per cent oi
their resources have been paid into
the United States treasury for war
uses.
To these calls the banks respond
almost unanimously and without
question or protest. The loan they
thus make the government Is. of
course, replaced from the proceeds
OF the next Liberty Loan drive.
These are but part OF the great
war service the banks are rendering
the people and the country War
has made US all comrades. and no
body Is more whole heartedly In the