Gunnison news-champion., 1919-04-18
ARE WE ABLE TO PAY
AND Is 1T GOOD BUSINESS,
tBy Il r. Lake Jr.)

Wy IL r. A-<.sr JE-b
The quota of Gunnison county FOR
the Fifth Liberty Loan is set at sIa0,-
| $50. In the Fourth Loan our quota
was si7s,750, and We raised s2IisJo.
There should not be the slightest
doubt of our ability to raise the sum
required of us now, but some citizens
seem to doubt IL They say. I'VE are
bled white, Gunuison county has done
all II can We should not be asked
20 do more"
Let Us see whether this is fact.
On March Of 1918, the total de-
posts Of the three banks in our coun-
! ty were a million and forty-nine thur: >
and dollars On the 18th of March
I just passed, these three banks. two 1t
Gunnison and one at Crested Butte,
showed deposits totalling sl.l65 .79j :
IN q gain OF one hundred and sixteen
l thousand dollars, or eleven per cent
| This gain was evenly dist ,ib1ted
among the three banks, whose total
/ resources showed like increase. Yet
/ during this period Gunnison county
had floated and paid for in the Third
and Fourth Liberty loans and IN ". s.
5. over 5000 10000 in government So
|cJritics.
. " nat gDfE IfAI mean -Aft We
"Bled white ," Not at ALL Jnst,-ai
Of that, 1t appears the patriotic people
Of our county, from miner TO mcrch-
ant, got behind the government and
the boys in khaki and saved this much
out Of their monthly incomes, out Of
their earnings The money had gore
1 20 Washington; yes, but IL hal eUr.e
back in a hundred ways We did not
! g,4raFrraHW. kFF4 ,avrrarV.aftH# fs, k.
I ings and increased productive capacity
Of our people. Instead of injuring US
| financially il is net gain of over
half million, for If these government
securities were all paid tomorIua'
from the treasure vaults Of the IA
ton, local bank deposits would leap
that amount at once.
/ Nor Is this increase in bank re-
| sources peculiar TO our community.
/ The year 1918 showed the unpreced-
entsd increase OF p per cent in saw
Ings banks deposits the country over.
4 careful estimate Of the savings Of
/ the whole nation from the time OF
/ the armistics 10 January lst, indicates
that il amounted TO four hundred mil
I lion dollars. The habit OF thrift and
/ the patriotic stopping of waste in
duced by the war, has made this pos
sible.
We are told by some that "The
banks should take this loan Why so :?
viii il hurt this county to save si+0,-
900 more7 On the other hand II would
seriously injure this and every other
county in America to have the banks
make the subscription. Il may not
be generally known. but the banks Of
/ the country have already advanced
large proportion Of the money re
I quircd in this loan, buying short time
/ treasury certificates. These certifi-
Gates put out to take care of monthly
{ government expenses. are due now and
the money is needed back from Wash
/ ington to finance local enterprises.
/ Banks are the financial reservoirs
/ from which we draw locally the funds
TO build houses, to buy ranches and
/ cattle, to construct irrigation bitches
and roads and to open mines. II would
not contract the RESOURCES of our
local banks, which have already bot in
treasury short loan certificates fully
the $4,000 demanded. but il would
contract their LIQUID CAPITAL. II
the banks of Colorado absorb the thir-
ty million which is our states quota,
the inevitable result would be TO shut
the door of credi, upon business gen
orally. and in the hour of reconstiuc-
ton, during this critical period when
it is of triple importance that loans
be easy and business expanding, we