Article Text
While it is not for a little country paper to question the action of those who control the operation of the banks of our country we feel that an injustice has been perpetrated locally by the present bank holiday. The Vashon State Bank is in the same condition it was a year ago and in the same position to transact business. Yet because other banks in the country had not been conducted along strictly ethical lines and were shaky a general order was issued and in accordance with this order our local bank was obliged to suspend business. We are too intelligent a community not to realize that the inconvenience we have suffered was no fault of our local bank, and the probability is that this is the last bank holiday which will be inflicted on us. Had an order been issued by the federal authorities forbidding the payment of gold or gold certificates, allowing our strong local bank to do business as usual there would have been nothing to complain of. But we feel that under the local conditions a grave injustice has been done. "As" a community we can, however, congratulate ourselves on the fact that it took federal action to close for a week our bank which from its organization almost thirty years ago has borne the reputation of a safe and sane institution. Each person in business on the Island will have to bear in mind that the same hardship has been inflicted on business concerns all over the country and bear with as good grace