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-EDITORIAL- Home Trade Supports Banks Neglect of Principle Closes Banks THE LAW OF COMPENSATION WORKS SLOWLY, BUT SURE A Chinese proverb states It is always Darker under the Lamp." Only Monday a man was in our city from Wakefield, Nebraska, complaining of the bank there that had failed. When asked why he said. The bank had loaned too much money on paper that was no good. And that too many d.ew out their money at one time. In other words, poor business management in previous years and merci less competition closed the bank. Did those persons who got the money on poor security care?-Yes, but they now see why. Did those who lost got sore because the bank would not an them more-care? Yes of course now see why. Did those who lost money in the closing of the bank care about the business condition of those who borrowed and could not Day th notes they owed the bank which notes broke it? Had they cared sooner and romptly responded to aid the others they might still have had their money lost in the bank. The law of compensation works slowly, but it works, Those who had money in a closed bank didn't have so much as they thot they had. and many of them made it hard for those who had borrowed money of the closed bank, to get on in business in order to pay the bank their notes. Business is a deep seated affair Unless these who have co-operate and give to those who have not, a fair and decent chance to earn, those who have will what they have through the inevitable law of compensation. No matter how rich a man or group o: men becme, they will either willingly give others a chance to earn or the law of compensation will adjust things against their inhur.an will and take. One good thing about closed banks, some of those who lost money on deposit didn't need the money very much anyway-While those who had checking accounts learned the lesson in business of not letting others do all their thinking for them. If we did more reading. thinking in our home communities in place of S0 much plain giggling, gabbling, gobbling and get ting we would not lose what we already have attained while grabbing to get more. This is in truth a world of C mmunities, made up of giggle gabLle gobble git practice which needs more serious, sound thinking on the part of each person living in it. The serious lesson is a good thing if we are smart enough to learn from it. "In order to get to where you want to ro, you have to start from where you are." And before we can fill any kin " room at the top of any institutio we must have our own top filled with understanding and knowledge of our own position. "The Ancient Mariner had Water, water everywhere and not a drop to drink, we have had banks with money, money, everywhere with not a cent to use. It too is too salt like bacon which is so salty to keep it from rotting, that it is hardlv fit for use. The only safe thing is the live thing under control, Bank security must be alive or it is unsafe. When a thing is green it is growing but when it is ripe it is sure to rot. The law of compensation works. Nothing can live unto itself aloneand just as true-nothing can live too far outside itself, a tree cannot grow an apple to which it is not attached nor can it grow an apple. inside its own trunk, the right conditions must prevail in all cases. Every and any old stairway don't lead- to a man's bed room, 80 ne better wait to prepare for retiring until he gets to the top or he may find what he thought was his bed chamber, converted into a guest room during his absence at the club. Often smaller towns think they have a bank when in fact they should have investi* ted and asked a few questions just like the banker does and found out if the money deposited is in a bank that has dealings direct with the U. S, treasury or is simply a branch that can be closed when the bosses will it. What experience have those running bankhad before going into the bank, and how does the law function when men prove to be incompetant to run a bank. Who pays for the mistakes of the inexperience, etc. This is a free country and people with money have a perfect right to ask questions. If you buy a coat you have a right to know what you are getting, and why not do the same when buying safety for your money. If the clerk won't explain to you about the coat W 11 you buy it. then why buy safety the clerk cannot explain to us. Anyone can say their bank is safe, but can they prove it to you, if not beware of that money, a stitch in time saves nine and a question in time may save that deposit. Many are now saying, had we only asked and acted sooner in Wakefield.
