Jasper County Democrat, Volume 8, Number 30, Rensselaer, Jasper County, 28 October 1905 — NEED OF THE BANKS [ARTICLE]

NEED OF THE BANKS

Vice President Fairbanks Says ft Is Rock-Ribbed Integrity and Financial Knowledge. LACK OF EITHER IS DISASTROUS One Materially as Bad as the OtherState Bankers’ Association . Elects Officers. Indianapolis, Oct. 27. The Indiana Bankers’ association elected these officers: President, C. H. Church, of Muncie; vice president, Jonce Monyhan, of Orleans; secretary, Andrew Smith, of Indianapolis; treasurer, J. A. Dehority, of Elwood. In a brief address to the bankers Vice President Charles W. Fairbanks said: “We need not only sound money and sound banks, but we need sound bankers also. There is no system of supervision, I care not how thorough and learching it may be, which can surely protect stockholders and depositor* against either inefficiency or dishonesty. Sin or Ignorance Equally Disastrous. “In banking there is little difference in final results whether a bank is operated by men who do not comprehend the real science of banking or by those who are wanting in a high order of business morality. Failure la the result in either case, with consequent confusion and embarrassment to stockholders, depositors and the community generally. There is no department of our domestic economy where there is required a higher order of sound business judgment and a more inflexible adherence to honest, conservative business methods than in banking.” C. H. Church’s Proposition. During the convention C. H. Church offered a proposition to Indemnify or guarantee the deposits of the bank* of Indiana. It is probable that the same proposition will be submitted at the next convention of the National Bankers’ association by Church. The proposition includes the organization of a “bankers’ bank,” to be known as the Indianan .Bankers’ Guarantee bank, with a capital of $5,000,000 invested in United States bonds. The purpose of this bank is to guarantee the payment of deposits in banks in this state. They Are Wanted at Cincinnati. Indianapolis. Oct. 27.—The Cincinnati police department has notified the local officials that James Herdic and May Armstrong two of eight men and women under arrest here charged with being professional shoplifters, are wanted in that city and in many other places, and have been arrested and convicted in Dayton. Toledo and Chicago at diffeient times, charged with shoplifting.

MIGHTY DANGEROUS SWAG

Man Charged with Stealing a Bunch of Rattlesnakes from a Charmer of Reptiles. Rushville, Ind., Oct. 27.—At the instigation of Guy E. Sulliger, William Waybright, of Connersville, was arrested, charged with stealing a number of snakes. Recently Sulliger, whose wife is a snake charmer, received a box containing a number of large rattlesnakes from Texas. Suiliger said that Waybright stole the snakes in order to sell them to a show.

Sulliger caught Waybright with two of the snakes in his possession, and immediately had him arrested. Waybright denied that he bad tried to steal the snakes, and said that he was just carrying them about exhibiting them in order to get drinks in the falcons. The snakes weie returned to Sulliger. who failed to appear against Waybright, and the latter was then released. Was the Same Hotel. Peru, Ind., Oct. 27.—J. H. Moore, of Leesville, 0., paid a visit to this city, and it was the first time he had been here in fifty-seven years. When he left Peru it was after his father. Caleb Moore, owner of the National hotel, had died. When Moore got off the train he made his way to that hotel without inquiring for it, and he found it Just where he left it, and looking about the same. Serious Result of "Race” Trouble. Indianapolis, Oet. 27. —A dangerous race riot between school boys occurred on West Michigan street, in which O’Connell, a 14-yeat-old white boy, was shot and dangerously wounded by Edward Hansford, a 12-year-old negro. There has been trouble between the two races attending the school for several days. Couple Is In a Bad Way. Terre Haute, Ind., Oct. 27. —-Amos Crum and Mary Pero were refused * marriage license here because the woman had not lived in the county thirty days. They also were refused at Paris, 111., because under the new Illinois law her divorce was too recent. The couple has a house furnished waiting. It Was a "Nice Way to Die.” Terre Haute, Ind.. Oct. 27. When Mrs. Emellnc Seeman was told that Ella Harris, a neighbor, had attempted suicide with morphine, she responded, “That is a nice way to die,” and immediately swallowed a deadly potion, dying during the night i -.-