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PLANS TO TIRE FROM ACTIVE BANK WORK The State Bank of Madison failed to its doors open for busiTuesday morning of this week and the sign of "Closed" on door was matter of surprise to people, hundreds of whom would stop and read the notice and der what was all about. Then when passed through their minds words of regret sympathy for the owners pressed. charter member the First National bank organized Boone county and served ously or 40 years working director. Because of long service gained experience by being miliar with the workings country bank. The nineties were particularly trying but petent management and board of directors who gave advice, weathered the depressions nineties and of 1907. have amined the December 31 statement of the State Bank Madison and unless my judgment at fault, this bank simply stopped work because was tired. Apparently there is abundant sets to pay depositors every cent they have in the bank. do not think there will be any worse lamity than they will have to wait for the bank management to gaththe resources together. course the state banking board supercedes the bank force and much depend upon wise agement and no waste by hurried collections of notes due the bank. A most commendable feature the unfortunate affair is the attitude of the people. They absoluteshowed signs of stampede disposition to possession their money banks take the risk of holdups and robberies that result from carrying money on their persons or hiding where danger of loss always fronts. In the panic of all over the country suspended payment for weeks but people simply waited without worrying until financial affairs were justed. As read the condition this closing simply discontinuing business and assembling sets and liabilities while paying the assets are available, just as any business might cease for sons of its own. Of course the closing of the bank caused flurry and common subject of discussion but soon the remarks changed from surprise the statement that the bank would out in full. And really looks pay though the ultimate loss, if any, will fall on the stockholders. Mr. Ewing was in the service of the state before joining the bank. erroneous rumor had some circulation that he was still an of the state banking board ploye but feel certain that he had ceased connection with the state, and when he came to Madison that he had bought goodly sized block of the bank stock. Presumably Mr Taylor desires to retire from active work is in health. He breaking wise course and closing taking the business honorably when can retire without leaving smirch of any wrongdoing reputed him. National and state politics both to blame for the persecutions of the banks. National politicians have robbed the agricultural states enrich the industrial states. Hundreds of banks have been obliged to suspend because
