Putnam patriot., 1924-08-15
OUT OF THE ASHES

In the course of the caamitous week that just endured and tried remarks have occurred to many One the famous saying attributed to the late J. Morgan when he asked if it possible to un-scrambe eggs the old paudnou remark concerning split milk To all and the assets of the First National both scrambled and split milk They worthy of much further consideration aside from what little may eventually saved from the complete wreckage The widespread hope B of course that that happy but delayed when each and depostor can be paid dollar for dollar
 Meanwhile with splendid resolution Putnam is raising itself The quick action of calling public meet ing forming citizens committee only few hours after the bank had indicated that the city might in mon paranee be down. but 1t by out The com mittee with gratifying and immediate decision acted It learned far possible the truth about she bank 1t excellent advice of the bank examiner to the formation of bank with enthusiastic decision IL reached down pockets and pledged large for the establishment bank bank that would take the place of the old and carry on splendid business business wreck ed through M necene or lack Of business but by the hand of an exceptionally trusted employee
 Having accomplished this much, the committee went be- the public of Putnam Thursday afternoon and asked for approval or dapproya Of is acts The approval that given hearty and instantaneous Putnam sa" light through Che fog and followed l. The generous and general subscription which followed this approval should the history of the city Of the most notable of ita civic accomplishments.
 As States Attorney sears said in his excellent address at the meeting Putnam have bank and must be Putnams bank be Putnam bank doing business for Putnam and banking community. IL must replace with greater efficiency the old institution which evidently has passed out of the ctys existence The emphasis which Mr Seas pae- ed necessity of this bank being Putnam nstu ton sounded the keynote the work the citizens com mtee citizens working for Putnam and their ae already been sufficient support to indicate that any opposon whether financial political that gets way this entirely civic movement will not fare well at the hands Putnams voting and banking population. Put intends itself It has learned ill bitter week many that imagined would be to learn but having has every intention of proftng by them.
 b of course difficult at this early date to outline any policy bank but of thing the public rest we'll satisfied that that the bank it's personnel will strive highest competency The best that can be secured moment of judgment but through the most care fu methods will be chosen for it's head Nothing with much approval the suggestion of one of the be paid salary large
 to his position and re .. =. =t:'e interests Moreover
 - - The heartest approval bylaws Of the banking corporation shall state quite that the chief representative of the bank shall occupy no political other subsidiary position
 above these small considerations of the moment IS the necessity calling upon all Putnam people all Woodstock people all Pomret people all Thompson and North Grosvenor dale people rally the support of the institution Only hy giving bank the unqualified support of the entire community the bank hope gain for itself the strength the force in the community which it deserves and which cts predecessor possessed