The Concordia sentinel. (Vidalia, Concordia Parish, La.) 1882-current, 1919-12-20

| had a gentleman who lives IN .
large city and keeps accounts WIFE
two very large banks there, say to
me the other day: "Our banks col
lect a large percentage of the checks
sent by many customers, without
anv collection charge or exchange,
hut they make charges on some,
and tell me that they charge ne
only what local banks charge them.
Why is It that some Of these local
banks impose these charges through
nv banker and others do rot? Is
there anything in the situation that
makes it right for some of them to
do that and not for others to do it!'
l explained to him that he would
find that it was one of the cases
where a large city bank, with lot
O. desirable connections with coan-
+rv hanks whose accounts are quite
valuable, is disposed to follow the
line of least resistance, in It's atEl-
tude toward this scheme of the To-
cal banks to levy tribute upon the
city bankers depositors.
We'll" said he, "if that is my
bankers attitude toward the value
of my account; if he thinks so much
of }:ae accounts Of the small country
bankers that he makes no objection
to their working this graft on me
if he makes no effort to stop 1t
which he ought to do if he values
: my account as he pretends to; II HI
acceptance of that sort of thing a
: my expense, is one of the ways n
uses of getting and holding countr,
bank accounts; then l think 1t l
about time for me to shift my &C
count to some bank that will shoN
it's appreciation of my account o
protecting my interests whenever
have some occasion to have him &C
as my legal agent"
n "But," he said, ''let me ask 20
S one more question. Suppose tn
t CITY bank, which is acting as m
n agent, should decline to stand fo
o the local bankers charge for payin
e his own check, and suppose the loci
e banker then should say that und'
e those circumstances he would mai
IS remittances in money, could he m
ir charge for the cost of transportlr
/ the money and insuring its safe d
l. livery, ETC.? In other words, cou
i he not charge for exchange, und
IS those circumstances"
'e l answered by explaining to M
st that the Federal Reserve Banks hi
E. that kind of bluff made on them
S the country bankers and had call
Of the bluff by agreeing at all tim
IN to pay express charges on any mon
us which these bankers sent in payne
'ir of checks drawn upon them.
ne Local banks cannot afford to Sc
sc money out of their communities
OK Il at way because in a very SIT
cir time their supplies of money, nee
TX, sary for their own local uses, wo'
nd be exhausted and they would h;
&C. to send for more and pay expr
nd charges themselves. Whenever II
co have only the alternative of Sc
De ing away the money without expe
for 10 them, or of paying drafts
the checks upon them by giving IN
de- turn, checks on the balances WI
ny they carry in par points, they e.
al to do that as the more desirable,
cause all they are doing then
rye d.awing upon exchange which
'ess been placed to their credit with
CT cost to them.
oes Then again, when they remit
'osr a check on par point, 1t takes
ON least day or so to get around
pro be charged to them. Meanwhile
II are getting interest on those amo'
ties as balances still standing to
az credit.
IN Since money and credit and
nEsl mercial banks are all establishes
WAT serve and facilitate commerce,
7nat must justify themselves by cont'
e Is - A. .,Lo4o,,o,. mill holm th.a