The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1922-01-13
Those Distant
Fertile Fields


The closing Of the Night and Day
bank in st. Louis the last Of the week,
through the systematic stealing by an
abscounding cashier Of $265,000 or
more, came as a clap Of thunder from
clear sly to this community, where
there are several depositors in that
institution, and perhaps a few stock
holders. The shock was great here
largely owing to the prevalent idea
that the Night and Day bank was one
Of the most prosperous of all that
city's smaller banking institutions. It
seems likely, however, that none Of
the depositors will lose by such fail
ure, though it also appears quite like
ly that the stockholders will lose
part, if not ALL of their investment.
This is but another Of the innumer-
able instances on record of people
leaving their own home surroundings,
where safe, legitimate and profitable
investments can always be secured, to
follow an enchantress that promises
more fertile fields elsewhere. From
the beginning Of time such siren has
had an overwhelming lure for some,
and notwithstanding the crash that so
often follows investment in foreign
promotions, there appears to be some
who are always waiting to make an
investment in some such enterprise,
often being drawn by high-sounding
name or by promises of big dividends.
Such investors appear not to con-
slider the fact that if such promotions
offered unusually quick returns, with
even reasonable evidence of security
from loss. that such opportunities
would never be offered to them--that
such investments would be eagerly
grabbed up by big capital, which is al
ways available for such investment.
What would be the use, or sense, in
peddling such stock, for sale in small
quantities, when all the capital needed
could be secured with single trans
action? Business Is not often trans
acted that way in these times, and
whenever stock salesman approach
es you, no matter how charmed you
may be with his "song", the best ana
safest course is to refuse "alluring"
offers and turn deaf ear to his
"supplications," unless he can furnish
you with better evidence of its secur-
ity than the fact that others have so
invested, or with beautifully embossed
and Autographed certificates of stock,
which too often appears to be the one
real asset of "blue-sky" concerns.
As to the depositors in the Night
and Day bank, it is now thought they
will suffer little loss, though they us
ually are hard hit in such failures.
But why should anyone in this com
muflits sife sake deposits from
the local banks Tor the purpose Of en-
trusting them to any st. Louis bank.
or any distant bank, for that matterf
All the Pennington banks are eff
ciently, capably and conservatiyely
managed; conducted by men well
known throughout the community as
among the best, who are not playinp
the markets or investing in any shady
securities, such as illicit whiskey.
whose Astounding cashier is evi.
IDENTIFY not being overzealously sought,
perhaps for the reason that his testi-
mony might throw light on some who
had expected to profit from the item
OF 700 barrels of whiskey, certificates
OF which were found in that institu-
ton. 1t would be impossible to
hnd financial institution anywhere
that has the markings of being a
more safe depository than any of the
harrington banks, and not a great
many could be found that has the
markings of equality with the local
institutions. There never has been a
bank failure in Pennington, and the
indications are that there never can
be, so long as the present competency
of their organization and management
is maintained.
But some people persist in seeing
additional allurements in doing tbe
unusual thing; or perhaps such action
may be taken to spite" some one, 40
Is often the case. If it were but pos
slble for such folks to deposit their
money in the local banks, and place
their spites and hatreds in remote
safe deposit box, how much better
would the community be! Right there
is where the Good Lord placed US, to
work out our own salvation, and right
there is where many are inclined to
go astray, to their own infinite loss
perhaps undoing. II is an old and an
apparently true saying that ut takes
all kinds of people to make up the
world" Perhaps that is true. Any
way no particular kind has thus far
been left out, so far as The Times is
aware. But when that rambling spir-
it, or wanderlust, strikes in, as it is
practically certain to in the lives of
most everyone, the right and sane
thing to do, before pulling up
stakes" is to go and take Closeup
of those fields which at a distance
seem so alluring. The writer speaks
with some degree of authority in this
matter, as he has been "up against"
that same emergency. And exactly
what is true of you individually
along this line is generally true Of
your banking account. The moral of
this story, if it is worthy of moral,
is BANK AT HOME"