The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1931-06-26
sheridan County People Face Starvation
Banks and Bankers
by H. LOwndes Maury

Modern industrial life cannot
function without banks. A man
cannot live without nerves. Banks
of loan and deposit were known
in Nineveh and Babylon, two
thousand years before Christ.
There is in the British Museum
an Assyrian tablet describing a
prosecution for usury fthe ElOi-
him Brothers. They were con-
victed of collecting eighteen per
cent for the year 1887 (apprOx.)
b. c. Many indulge the error
that the invention of exchange,
commercial drafts. the transfer
of credit. without actually trans
porting all or much of the money
itself, the mere handling by one
bank to a traveller of a check
(draft) on its corresponding bank
in a distant land. was the work
of FlOrentine bankers. the Medici,
in the Middle Ages. Research
reveals that this device was ex-
tensively used by the Lydian
bankers at least one thousand
years before Christ. 1t was re-
vived by MahOmet in the seventh
century. 1t was used by Venice
and was a great stimulus to her
trade when her triremes moved
the spices, silks gun powder of
the Orient from the Levant to ev-
cry port of the Mediterranean
and around into the Baltic Sea.
Decently conducted banks are a
blessing; the stronger the better
for the community they serve.
But parts of a mans nervous
system can so develop at the OK
pense of other parts, that the end
of that man is the insane asylum
or the cemetery. Biology knows
no instance where the successful
control of a nervous system is
entirely outside of the system or
body oOntrOled.
FOrgetfulness of this immut-
able law is the cause of the first
folly of starting the merger
banks of the Northwest = disre-
gard of 1T is the cause why they
are despised by the public, hated
by persons forced to patrOnize
them, driving their owners mad
as they see these sickly, infantile,
mOnstrOsities, drifting to a sure
if not early death. The shadows
of this coming event are already
being cast before it.
The men who know the present
value of the First Bank Stock
Corporation are IN the Merger
Banks. They have power to di
rect the investment of millions Of
deposits. If the stock of thi'
concern was worth a dime NOR
than what it is selling for th'
price of the stock would go up
It's general persistent trend il
downward 1t blOssOmed at price
lof fOrty-sevent dollars to sixty
four dollars the share. In tw,
short years of its perpetual q.
charter the price has fallen T.
nineteen dollars the share or less
MANY physicians think tn
mysterious disease cancer. is tn,
inOrdinate growth of some cell
of the body at the expense of tn
ther parts.
These mOnstrOsities have con
troll Of all of our state funds. TIL
bank examiner would refuse per
mission to an independent BAN
to enter Helena. These fellow
urge the people to public bank
ruptcy or ultimate reputation b
votes of bond issues and NOR
bnd issues. so that they can ge
the commissions for selling theT
(belOw Dar) and use the none
temporarily in their business an
finally divide the profits in Mir
nesOta. For legitimate invest
ment in Montana, they have n
funds.
This morning papers carrie
an item 100000 Refundin