Putnam patriot., 1924-09-12
WHERE OPPOSITION LIES

Ii was probably only natural in the face existing cond tions that the attempt o organize the new Citizens Naoha of Putnam there should arise opposition No CIVIC in the history of the world probably ever accom- pshed without it's opposing party But that the opposition to the through those interested n the old institution has been not only unexpected but somewhat uu
 Those familiar with the movement to organize new bank replace the old First National will recall that the first move by the Citizens Committee attempt to confer "ith the directors This conference refused by the President National Mr Brown It only then that the Citizens Committee the Chief Examiner, MT Bean and advice made application for the charter for point the development of the new bank has there slightest opposition the part of the Citizens Committee giving aid possible to the reorganization and re-establishment Of the old bank.
 The Citizens Committed it's side however has been still s last member opposed to giving over the banking Of this community into the hands of outoown control This the sole why has opposed coop eration who the Of two very sound institutions him. To place him and the capital al his control Of the banking situation in the eommuni U be absolutely opposed the of the Citizens Committee Oat-otown assistance without domination of the bank Even the plea that the Citizens Com
 ee does not number among it's members any able men with banking experience sufficient argument to persuade this committee bank should be placed in control of outot interests Able bankers for institution Tn so profitable
 field as hs proven be for half century tany found for the management Of new bank | does not follow that such an executive under the dree and cooperation with reputable body of directors se lected from the community's men of business.
 Those who look back the work of the Citizens Com mee will find that this committee IS working today Tor the thing that organized month ago. e. the esia lshmen bank Putnam which will replace the old Put nam bank banking community, manned with Put directors and backed and maintained by local capital
 committee has strenuousy opposed the entrance individuals into the local banking field because of the the organization might be injected dangerous completely undesirable political influence is not to be de No bank should be also political clearing house and will be recalled of the first agreements entered into by the Committee that should charter be granted to the proposed bank any paid officer employed by should be made himself accept political or subsidiary Money power and banks money and credit The both should be maintained any community for financial and not politically progressive purposes
 The Patriot closely allied with the movement of Citizens Committee for bank IL still believes that a new bank of the od maintaining much of the Hnezs of the old bank possible and building np new cl tf be and the happies solution of Punams dis asf eoal H stl believes especially in the face of the popular tentative subscription the bank that the instu
 be safely and firmly established. Putnam must itself and Putnam must have it's bank The Patriot believes permit the local bankrq situation pass into outside hands would be dstn y disastrous the of the city and B territory Should the wishes of of the citizens represented the bank movement be ignored The Patriot but read into the situation influence and power which distinctly to the eommunitys wei fare.