The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-12-10
SAFE BANKING SYSTEM OUR BEST ASSET.

According the weekly statement issued Thursday by the
Federal Board Washington the cash the
federal banks increased during the past the
slSOWO Considered in connection with general business
cond the 'aci that the banks thus steadily
Strengthening their position worthy OF than passing
The reas N reserves ~ the reserve banks during the week
shows that there decrease the demands coming iror
the national banks composing the system and this be
preted meaning that the condition OF the member banks inn
proved the strain them being somewhat relieved Furthermore
the fact that the member banks making heavy demands
the banks be explained only the theory that the
individual OF these banks calling them
heavily they have in the past and therefore the png up Of
cash indicative Of better business conditions generally
the country Compared with the total assets OF the banks the
OF increase large but straw show
the wind blowing and the fact that there has been any
all is symptom which much significance be
attached; il not aning point to find corroboatve
evidence OF the opinion OF those authorities who hold that bs
has turned the corner"
In the minds students of business and financial matters
there doubt at all that the federal system has been
the wall of defense which has saved the country during
the period depression which began about year and half ago
In this OF shrinking values and declining volume OF business
without the safeguards afforded by system which thoroughly
responsive the needs Of the country there every
which head in the historic "Black Friday" During
the trying through which nation has been passing
banking system has been subjected the severest sort OF test
and it has stood the strain successfully
that and there there have been failures of both
national and banks but this fact docs argue defective
weakness in banking system When smmered
down. merely that individual instances there has been
bad banking When the total number of banks in the country
considered not surprising that there should be occasional
failures 1t is practically certain that study OF such failures
would the that the particular
within the bank itself No greater mistake could be made than
interpret such failures indicative of any general weakness
our financial system That error calculated to weaken
confidence upon which the entire business depends
for its stability and thereby invite difficulties for banks and
all business.
The last weekly statement of the Federal Reserve Board
with the of substantial increase cash
distinctly encouraging and affords excellent grounds for
creased confidence While the report relates only national
banks since the business of and national banks closely
connected is reaurng regard to the stability Of entire
banking Locally fortunate in having banks which
basis which has made them
strong and won for them entire confidence In this respect we
have been especially fortunate community With the best
authorities and finance orecastg better ahead
and bang their predictions evidences and signs which they
regard strongly indicative, nation and community
justified congatuaing ourselves that have gone
through most trying period without such disaster has
tended such conditions in the past and without any diff
cue and hadshps than might have reasonably expected
and should be particularly grateful that the and nation
has banking which has nctoned successfully despite all
the that has been placed upon Clear heads courage
confidence and close cooperation the of all elements
of the business community backed by the
OF the country and financial system that bacay sound and
able the demands made upon it. eventually pull all
business ou of the kinks and bring back the prosperous times
which much desired.