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THE PANIC IS OVER But Relaxation from Financial Squeeze Comes Slowly BANK HERE IN GOOD SHAPE Depositors Haven't the Slightest Occasion for Alarm The financial flurry which had two its origin in wall street some weeks ago was felt more or less the in every nook and corner of that country. But for the fact the financial stability of the Bank esof Green Forest is so well tablished as to have the full confidence of practically every depositor, some trouble might have been experienced here. The extraordinary precaution all that our bank, along with felt other banks of the country, necessary to employ in the matter of paying out funds, might had have excited some distrust the people who were in a position to understand the situation fully not been able to offer every personal assurance that the condition of the bank was in no way responsible for the adoption a of such measure, and that, as matter of fact, the business of the at Bank of Green Forest is now the high water mark of prosperty. The banking; system is a most wonderful piece of mechanism, and the average depositor is not its well informed concerning working. When one joint of the banking system gets out of repair it effects the whole when body sometimes, especially that the trouble emanates from great nerve center of the country known as Wall street. Millions upon top of millions of dollars exchange hands daily through our banking system without a dollar being counted is out, yet every transaction debased on the actual cash on in posit or in the hands of some dividual somewhere. Take the bank of Green Forest, deinstance. It now has on for posit more than $100,000. Only small amount of this money, kept comparatively a speaking, is one the bank's safe at any this time. in About $80,000 of money is loaned back to the peoof the town and country; divided the ple other $20,000 or so is and with banks of St. Louis of Springfield, up as a matter merchant convenience. Say a here owes a St. Louis dry goods the house a thousand dollars; on merchant issues his check the Bank of Green Forest, where for he has his money on deposit, the the amount and mails it to of wholesale house; upon receipt check the St. Louis merchant and takes the it to his banking house books takes credit on the bank's turns for the amount; this bank as check into what is known the the clearing house, where perhaps the a number of checks on be Bank quite of Green Forest may over bunched together and turned holds the St. Louis bank which Green to the money of the Bank of forForest, and the checks are Bank warded by that bank to the checks Green Forest, and the is of where the original sender amount. charged up with the efa settlement has been of a Thus fected without the handling dollar. Often in the course of business for becomes necessary it to express money from one bank's another in order to keep and matters to properly adjusted got right here is where banks On ac"balled up" last week. conof the prevailing Louis ditions count in New York the St. down and Springfield banks shut to the shipping out of money pendtheir on corresponding banks, street the adjustment of Wall become ing and thus it 1 necessary matters, for our local banks of prd adopt similar measures
