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HARTINGTON Week By Week
First National Closes Its Drowns Falls on Graduating Classes standing street corners latest The and bank failure. The First tional has closed its doors said, heavy The had made her fight and the community hoped hope that might the but ally doubt by the failure the First Na tional Crofton only before
The banking business built peculiar sense confidence. Where confidence exists, bank may continue operate but, for cause, this any intangible foundation becomes weakened, totter and fall. Financially, the First NationBank of Hartington sound had large capital stock ample and well known and responsible business but, when positors began drawing their money, forced to suspend.
Failure of this bank creates an extraordinary situation in Hart. ington. county bank which formerly had out three the writer came community 1907. there this institutions Hartington National, the First National and the Farmers State Later the First National and Farme State combined and still later the Cedar County State The crash closing the Hartington the dar County State failed
Imagine Hartington! bank buildings. Of the not Either the come and start county the midst of of the richest farming sections Nebraska without banks Hartington have bank banks future and normal conditions will be restored. That, one hopes, not undue but plain statement fact.
In the meantime, people are how they going carry on their and what medium of exchange. There will be more checks for there are local banks to write them the community will to find some other method of paying bills. To large extent, no doubt business will done on cash basis done before there any this country. One happy effect of the present that nobody will have lie awake nights about his overdrafts.
As the result of the general economic depression and unfavorconditions, there are far fewer banks in this territory than there years ago and, during the past few four Cedar county towns have been hit. "vicious circle' in the banking business. We can not strong banks without public confidence and there can not be public confidence without strong banks there you are. Eventuhowever, circle will broken and confidence and stabilThen there will be return of prosperity. eventually come and the rainfall of the past month and bright prospect the solid foundation which the will be built predict that the the years will watching
It must be admitted that like another the recent came which banished drouth present, anyway hot south wind blew clouds would that gravating they number finally, volume limited but totaled heavy general did the business far the cerned and writer, the suggestive thing about the There people the following day than have long and the fields, but because they felt in the mood Farmers their from radius and the stores rushing was happy reminder of days gone by.
The curtain down on the class 1932 Hartington High the the other evening brilliant and sight artistically decorated the to, the Salvation of the State done in class displayed. The for these unusually artistic graduates an imposcolorful generation the Today but many the honors for other unique feature of this mencement program that address by form Cedar county boy student the high Hartington attorney Franz Radke, Mrs. Otilia Radke this was the and his address on the value tained many helpful If his aged mother worked all her life give education was in the audience, her heart must have pride. mother's dream mothambition attained.
At every commencement season, we the older generation are with the fact that young people who were only children yesterday compose the graduating class. This writer has lived Hartington than quarter of century, but some this year's seniors were born and their parents courted and married since he arrived in town. The years pass rapidly. The babies of yesterday are the today and, here few years longer, another which growing up will be receiving displomas.
That the dark side of the is bright very bright side. Heavy, fallen cently all over this territory and the thoroughly soaked. The prospect wonderful. Never better history the county the state and the cheering comes from different localities that the young grasshopwhich hatching by the drowned in great numbers. People that their dead bodies could be scoopup the bushel after the rain. Just at the point where the uation was critical, nature stepped in and saved the farmer.
Whether not the rain has put an end to the grashopper in this area remains to be seen, but the presumption that it has. At least, the danger has been greatly diminished and serious problem has been largely solved. The only other remedy was poison best, an remedy-and, since nothing help the farmer and state funds and private means limited, real crisis rapidly approaching. few hours, nature accomplished what would have required millions of dollars to have done not half well.
The writer has feeling that this country right at the laying the foundation for new prosperity. Some of our communities have been hard hit the past few suffered failures and financial disasters; but there are better things in store. A new day is dawning. Recovery may be slow, but it will
