davidaulloa/AmericanStories huggingface dataset:
Nogales international. [volume] (Nogales, Ariz.) 1926-1979, 1926-08-15
NURSING BANKS ONY GAM.
BLING SAYS ELLINWOOD IN
SPEECH TO PRESCOTT
VOTERS
tContinued from Page u

J
exactly what belongs to him, with
out interest. On the other hand,
he stands to lose all he has.
"They were taking a chance,
not with the money Of the gov
ernor. of the superintendent of
banks, Of the stockholders (they
had already LOST, but with the
money of the depositors. The
only ones who had anything what
ever at stake.
"In his speech Governor Hunt
failed to say anything about the
IS banks" that he failed to return
to financial solvency, the IS
banks which were beyond 'nurs-
ing along. 1t was in those banks
that the depositors were permitted
to remain in ignorance of the
situation and in those banks it
was the money of the depositors
that was lost in an attempt to
nurse them for the benefit of
the stockholders.
Depositors Not Responsible
GAS deplorable as the case may
have been, the depositors were
not responsible for the drouth
and the cattlemen's loss. It was
loss to the cattlemen themselves.
Had the cattlemen made millions
it would not have profited the de-
positors. and upon what theory
should the. cattlemen's loss be
shifted by the banking department
Nogales international. [volume] (Nogales, Ariz.) 1926-1979, 1926-08-15

to the shoulders Of the depositors,
when by playing it safe it could
have been avoided.
Governor Hunt has ignored the
relationship between the bank and
the depositors. The trust which
required the bank to play safe and
to protect the rights of the peo-
pie who had entrusted them with
their money.
"The national banks observe the
law as written. They put the ex-
aminers report in operation in
stead of pigeon-holing them and
hoping a bank will muddle through
The same plan can be. followed by
any bank. "Any man who is
blind to the sacred relation of the
bank to the depositor should not
Nogales international. [volume] (Nogales, Ariz.) 1926-1979, 1926-08-15
STATE BRIEFS

Tombstone-About 100 men
employed on IS leases on property
of Bunker Hill Company. Ship
ments average carload daily OF
silver and gold ore.
Safford-Bids to be asked for
construction Of Boy Scout camp
IL Graham Mountains.
Bisbee-Regular shipments OF
ore started by Hancock-Daily Min
ing Company.
Canon-Unwatering Of old
workings, at No. shaft Of Kay
Copper Corporation, under way.
Chrysotile- Arizona Asbestos
Association announces extensive
Nogales international. [volume] (Nogales, Ariz.) 1926-1979, 1926-08-15

for the workers.
The men who put capital to wOre
must be able to plan years ahead.
They must know what they can at
ford to pay for the use Of capital and
the exact amount that they can use to
advantage. They must estimate what
future demands will be. Ind before
they con kxOw these things they must
understand the basiwsss fyOn r. to
e."
Great numbers of business concerns
have failed because the men who put
their own or borrowed capital to work
lacked sufficient knowledge with re-
gard to one or more of these impor"
tant points.
While capital, therefore, performs 2
vital function in modern life, It Will
not do this unless it Is properly de
rected. Under efficient management It
will provide great abundance Of use
full goods and give multitudes OF peo-
pie a way to earn their living. Under
inefficient management 1t may be grad
ually exhausted by wasteful methods.
Intelligent, alert ond competent nso's-
ayers are, therefore. absolutely ss:s~-
t.ol to the welfare Of the r'odtT.
aCorkey. Such men are scsN called
captains Of industry" and shsir ssrS-
ices are inIHIG0bls.
Just as an army Of brave soldiere
cannot win victory If It's generals are
stupid, so a corps of able and faithful
EMPLOYEES cannot bring prosperity to
business II its executives are not "ou
the job"
Business In these days Is highly
complicated affair. Machinery 10 ela6-
crate and costly; markets are world
wide, and competition Is severe:
A very slight difference in the eff
cient use Of capital In two competing
establishments may determine which OF
them Is to survive The difesemes o.
a fraction of cent in the cost OF pro-
dNcing an article may mean success o.
failure .-WesseSn Electric NerUs.
Nogales international. [volume] (Nogales, Ariz.) 1926-1979, 1926-08-15

be in charge Of the banks Of the
state. He Is not capable Of hold
ing the office for he viii not en-.
force the banking laws IN spirit
and in fact.
Governor Hunt says be might
have played safe. Don't you de-
positors sincerely wish he had
played safe7"
Nearly 1000 voters crowded
the Elks theater to hear Eilin-
wood speak. Thirty minutes be-
fore the opening Of his address
the house was full to the door and
ushers were placing chairs for the
overflow.
Besides the speaker on the
stage there were about 30 repre-
sentative democrats Of XaVapa1
Nogales international. [volume] (Nogales, Ariz.) 1926-1979, 1926-08-15

county. including in the number
some Of the Arizona pioneers as
well as a group of younger voters.
In addition to his address on
the banking situation, the candi-
date sketched briefly his attitude
in regard to the Colorado river
and its development and also men,
toned the need for a lower tax
rate in the state. He declared
that an economical form Of bust
ness administration efficiently ap-
piled was the answer to the tax
situation.
The reception rendered the can
didste by the Prescott Audience
was the most enthusiastic he had
received on his tour Of the state.
it was announced.
Nogales international. [volume] (Nogales, Ariz.) 1926-1979, 1926-08-15

development and production plans,
to augment shipments Of cdude
asbestos to Eastern markets.
Cloride-New machinery being
installed by White Hills Mining
Company, in its West Treasure
mine.
Observation-Disclosures started,
on new building on North First
Avenue, to be occupied by United
States Rubber Company.
Observation-Disclosures Mayflower
Mining Company files articles Of
incorporation.
Kingman-New employee houses
under construction by Keystone
owners.
, 1926-11-09

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, 1926-11-09

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, 1926-11-09

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3HaMeHHTEa B ORRyIbTHbIX Epy
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pHHEOTO apHcT0RpaTHqecRoTo po13,
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Min.
KaE 60IbIIHHcTB0 ACKNOWLEDGEMENTS
HelIH OrEpHIa cBOH cHoco6HocTH
c2yqaaHo.
BHlla, B EoTopofi Helm Hpo-
, 1926-11-09

ThIecR0TO pa3BepTbIBaHHa BpacELX
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reH ia ~Ia4bHeM B9tToEe Mock
, 1926-11-09
BacbEa Be3'yxun.
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