People's Pilot, Volume 3, Number 10, Rensselaer, Jasper County, 25 August 1893 — No Runs On the Postoffices. [ARTICLE]

No Runs On the Postoffices.

i Chicago Express. There have been no runs on i the postoffices of the land, j Postage stamps have neither risen or fallen in price. During the past month the money order departments have done an immense business, large, sums (people would not entrust them with the banks) have been sent from town to town by government agency. One man at Indianapolis, during the flurry which overtook that city, sent $760 by postoffice orders. ‘ ‘What’s up,” asked a bystander of him; “are not banks good enough for you?” “Just now,” responded the government patron, “there is a sort of uncertain atmosphere pervading our banking institutions. This money must reach its destination immediately, and it must be money, not worthless bank drafts, when it arrives. I have faith in my government. It knows no runs.” He was right. A part of the government himself, he had unbounded confidence in it. He sent his money by postoffice order, knowing it •would be perfectly safe. If we can trust the government with our money when desirous of having itsent to certain destinations, why can we not deposit funds with it with the i same degree of safety? ! The financial crisis has thorjoughly demonstrated that the I banks of the land provide unsafe | places of deposits. Give the people government j depositories.

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