El Paso herald. (El Paso, Tex.) 1901-1931, 1918-09-03
PEOPLE AND BANKS MUST SAVE
FOR u. S. AND PREPARE FOR TAXES

IN promoting the sale Of treasury certificates to banks
Nathan Adams director Of sales the Dallas federal
bank district which includes West Texas, New Mex
much Arizona insists that the banks withhold
from applicants s loans which Of speculative nature
says spectators cotton should not be furnished with
funds He might add that loans should be withheld from
gamblers in mining stock and from those traders N cattle
whose business approaches pure speculation; not the bona
nae buyers and sellers OF livestock II "ouiu DC
night kindness most spectators in stocks not 10 end
them money; kindness to be appreciated perhaps only
after the market has gone the wrong way or after the hole
in the ground has failed to make mine.
Director Adams is working on patriotic line He took
wrong tack some time ago IN urging banks TO call IN loans
wherever possible curta their credits very sharply
without defining what loans to be curaed or what
credits withheld He recognizes now that business cannot
continue without the banks He realizes that essential IN
5uss lean the banks and must be financed BY them
and that enterprises not essential to carrying the
perhaps essential the life and welfare Of the
munity individual members thereof cannot be allowed
10 be starved out for want Of q loan
M. Adams, IN his advice to the banks says:
The duty Of the bankers Of this country IS to furnish
money necessary to feed and othe the soldiers Of this coun
Try who fighting for ther homes.
These boys are coming back some Of these days and
when rneys home with the kaisers scalp N their
belts they going to have something to say about run
ming country and the banker who has done his duty at
this time viii be the banker of the future. want to call
the especial attention at this time Of individuals firms and
corporations TO the income tax certificates bearing four
percent interest which be used in the payment Of IN
tax and excess profits taxes.
Ths firm OF corporation which at this time is not set
ting aside the necessary for the payment Of this
tax is using money which is practically trust fund.-
The banks have highly important and very patriotic
function perform; feeding clothing and otherwise equip
ping the army navy until the money from the Liberty
loans become available The treasury certificate IS an ad
interim Of raising money to pay the current war
bills They are cashed in by the treasury department
when the money from the Liberty loans The GER
tcates Of recent ISSUE for instance IN advance Of the
Fourth Liberty loan If banks generally failed to sub
scribe 70 the treasury certificate issues, the government
left flat its back The and navy depart
ents could be furnished nothing to pay current bills until
the revenue from the Liberty loans came TO hand me
firms supplying the neosssses Of could not buy ma
teras in the meantime to pay their labor The aborng
men and the latters families could not pay their bills at
the grocery and rygoods store Naturally If they could
not payhe bills they could not pay cash. either and these
firms would back the banks for support It works
around IN circle the best shortcut for the bank the
one which also contributes to the counrys prosperity IS
10 subscribe to the issues Of treasury certificates so the
Government nay keep up with It's expenses and pay its
bills promptly. Then the quartermasters department IN
FL Paso VIII be able to keep paying promptly for its sup
plies and labor.
Incidentally the treasury certificates are disable in pay
ing income and excess profits Out this way there is