Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1929-06-19
Salisbury, N. G., June 18th, 1929.

We notice the organized bankers
Of this vicinity of the state have re-
Gently held a meeting in Staoa sville.
Among other things Mr.. R. R. Clark,
Of the Statesvile Landmark, warned
them to remember trat they are Gus
todians of the peoples money. This
was mild and timely. No doubt
bankers, as well as other business
people, can reap some | legitimate
benefits IS organization not only for
themselves but also their patonc-
Perhaps there we7e some things dis
cus:ed that have not been given the
public, and as the confidence OF the
pubic is q prime necessity III sue
cessful banking, they should not only
remember that they are c%ustodans,
but that heir conduct makes or I'M
makes the confidence they so great
ly need. A number of people, ow-
ing to the numerous bank failures
have been Disguised with their con-
duct, and have therefore Withdrawn
their money, and, we are inclined to
believe this lack of confidence, and
the cause creating it, is On the in
crease. Among other things the
bankers disclosed was how to in
crease deposits, especially in the
S0uinnd 0nnorSn30r% hy,% 5,,r% loxY,
the bankers al get more from the
depositors is not mentioned, which
is probably the main idea in organ
~ization, an idea, if pressed, will de-
stroy every bank in the country.
This idea has already reached the
point, in some communities, VIII re
the little depositor is 20 all intents
nd purposes forced to loan the bank
$4,000 without interest for what
they, the banks, designate as serv-
ice, and perhaps it IS worth that, but
as it is done without consulting the
depositor, many OF them feel that it
is arbitrary and unjust, which GER
tain.J is no aid in the building of
confidence. Another scheme is that
in which some n writes a check
without sufficient funds to take care
Of it, a check of accommodation per-
haps, but innocent or otherwise, if
such a check goes first to a bank in
which the drawer has no account,
he is taxed SO cents, that is he is de-
prived of 50 cents without his :.gret-
ing to sdch an arrangement. This
may help TO stop the bad check MT.
sance, but some want to know when
the banks took over the enforccm ent
of the law of the land to their fl
nancial betterment and to the de-
poitors injury? And what is worse
most people figure that ii Z bank
will hold you up for SO cents, by
way of s-lf-made rules, what IS there
to prevent it holding Up ore 60: an.
greater amount? Or are those ~ho
deliberately take your money with
out your consent any bett;r thin
any other class Of ho4d-uk rleA? IN
short, if any one takes SO cents out
Of vcur bank account, 1nt.=i rdle.
snd regulations formulated b.: alm
self, what is there to p,e.en. an.
taking SO cents oft of your pocket:
and further, ,.re such .,--Ila Gc2.-
bic custodian Of your m.nc,--? 81
course no rightly disposed ps.:,
Will lend comfort e.. Fl. - VIC hal
ually overdrs.w i--,H a-ccu ID
tie fellow VINO @.co. i %1rG:i!cs.
check, obtaining cash or goods thee
by, is a criminal, aA, &. ::ucL ..iou.l
be properly dealt ~i;n +, tha yc3.~'
authorities. Another injustice !;
where the little fellow, for the lacI7
Of ten cents t cover his check, !.
made the butt Of chs rule Will. the
more fortunate, who ~overdraWs per
laps hundreds, "gets by" without
any charge. Ali Of when, without
a more prolonged discussion, j.: not
conducive to any great amount OF
confidence in banks, for those VINO
Justify themselves in the taking &
money in small amounts will aoon
be purloining larger amounts. The