The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1925-06-12
Open Forum
ON DEFUNCT BANKS
AND BANKERS

Editor, Producers News:
When the local banks went bump,
failed and closed their doors, the
losses to the depositors were enOrm-
Gus, amounting to catastrophies in
many cases as widows, orphans, in
valids and infirm cripples were among
the victims. When a person deposits
| his or her savings, it is evidently done
for a reason fer safekeeping, to keep
! it intact. In this case it is still in
tact and always will be. You will be-
more successful in squeezing blood
from turnip than squeezing out a
penny from those institutions, of
your savings. When you intrusted
your funds into the hands of those
bankers and they in turn squandered
your money by foolish Investments
and loose business methods, it looks
like premeditated swindling and Moth
ing short of highway robbery. You
/, are only missing the thrill of holding
up your hands to a deadly threat
the results are the same. We take off
our hat in favor eff the highwaymen
for being the most decent gentlemen
Of those two professionals in rob
, berry, the latter usually don't tackle
, widows and cripples which has been
meat for the local bank wreckers who
took all the advantage eff our loose
, banking laws. What could not be
; found in the statute books was sup
! piled by a simpleton of a judge who
! had heart for bank wreckers and an
aversion for the depositors who once
/ made him district judge. Instead of
: furnishing and imposing the law upon
s those bank crooks, he rewarded their
: perfidy by appointing them or some
n of them, Receivers, with a cOmpenSa-
O ton of $4,000 per month, which was
n very consistent after the death and
: funeral of mother justice, but still
remains in many a heart a brazen
q deed to allow them to feast on the
2 corpse of the defunct institutions
d they wrecked and defrauded their
20 creditors. Can you beat it? But
y such is justice in our commonwealth.
n Some Of them have been feeding on
f. the corpse going on two years, MAX
IF ing a living from their own failure
7 which is what we would call the
q height of success in skulldUggery and
le should not be tolerated.
Ill After the banks closed, especially
ne the State bank, we heard much of its
v, perforated bunk that the depositors
n would not lose anything: the bank S
h business was in fine shape and we
on would receive dollar for dollar Of our
" money. If that was the case, what
en- in Sam Hill did they close the doors
IN, for. A person or business institp
as ton is solvent as long as they car
of pay 100 per cent of its debts. YOU
in only go into bankruptcy when you get
nd more debts than equity. Now, if thai
aid had been true, why put feeder OF
Of the corpse. Oh, assume we will gef
oil it in the sweet by and by, where
est there is no use fer money or we ma!
BILE meet them on the beautiful shores
Ost Doubtful" By that time thei
md master, the Devil will have taken hi
to dues, and kicked them into Oblivion
for to pay the penalty for defraudiny
md widows and a tottering old man o.
md crutches.
be We have known these birds-thes
INT bank crooks-for a long time. Som
OF years ago, whenever we happened in
de. to town and met them face to face
OF they always handed us a packet o
IN advice on what us boob farmers Ough
re- to go into. There was a gold min
ACE fer Us farmers not buried very deel
Those farmers could see it protrudin
seal right on the surface of the groun,
me, So they got tired giving fool farmer
advise and belted their legs an
girded their loins and took to I'll
y field with the depositors money ar
nrC. invested it fer themselves. But tt
y, maiden of success did not smile upC
uIy- them. They came back with draw
haggard farces. Lo and behOl
: boobs, they had eventually shown
S-V4 that they could not farm and lat
that they could not run bank. Oh
of them has been high officer
the Plentywood School System al
has shown US that it has been n
re on the same plan of his farming al
aN banking.
Well, we have known these birC
We saw them in the height of the
glory with oiled hair, powdered face
palm beach suits, their feet upon t
I'oO slab of a marble desk, with draw
wv Ivy shades to protect them against t
10y burning sun, or we saw them in
,0'OO winter if they ventured outside to
LOU corner, clad in a eight hundred d,
10y lar fur coat. They built themselv
' 0 palaces or castles and lived in luxu
- 10y ~ and style while US poor homesteade
''oV are still lingering in cramped qua
- % ters, in smoky homestead shacl
z''oU Where did they GET the money,
70 90 they had nothing when they cal
'A'oO here? The answer is plain: Depo
90 tors.
94'0 0O We have also seen some of the
'o'OU dressed in a mantle OF sheepsEin la
- 90 ly, historical, long herding stave
LO'oo his hands, sitting upon the SUNNI
70 of some bare peak cogitating how
20 a'o 90 avoid giving an account to a defral
'o'OO ed widow and hiding a guilty c.
science from an offended God and
AZ ~ willing helper to cause the pain
4o'OO the Northwest.
~ 90 FRED LUNDBERG
Oo'OO Unorganized Farm