Show THE newfoundland BANKS the financier publishes a little artl clo CIO oil the recent collapse of a lire large nurl number tir of bonks bank in ili new fowl round hand larad which moh w is so apropos that we publish itilia it in full es e follows the recent collapse ot of a largo large number ot at banks in newfoundland ling has many ln in tera aUna ting lessens for ui ug in tile clift first place the newfoundland banks are or annizes very much a ai OU our state banks formerly iveel organized th they 0 y isso iasu currency tn in it a sort ot of inace dent WRY y plant jar ap to that advocated I 1 in n en congress at al this time lime by many prominent financier there to be an of 0 Ainer violon olao act no a mr carlisle Curll advocates in I 1 chiq hl c currency U aren v r the tha trouble in newfoundland can bia I 1 traced directly to those two iwo ce eles we are told tart noto note handlers hand lra will be large suffer orm this manifestly could not occur of tho the notes sent out by this the babics lacall prop properio eriv secured p another pir tolls us u that depositors will I 1 loso has baliv this lucent that orinal to the abisco abna of proper the money of the bariks batiks vos vas improperly loaned leaned to tile talk about hard time in the tb habing Induk industry iDil trY and nd the th like lias has nothing to flo do mith the wua ilard hard times do not imperil PC V 2 bank property properly conducted on ili the other ili annd a 0 bank improperly aln minored will fial 11 in the midst or of the greatest I 1 A striking patitsa about the newfoundland trouble la Is the number of banks in relieved relived athla la a L ch r a a ter batic of the 8 state 2 t e b bank system lor when h e r I 1 one of them f foils 0 i 1 9 u s elv the whole line poes goes down under the Natio system me c compan lea bv bon boni I delorit and proper supervision the failure of more than one bank lit iu a community la Is of rare occurrence we think W newfoundland la Is a first class clasa D obon nt at the present moment wo we certainly all ortvin our to understand der stand ina th newfoundland hank hlynn tion berr v In lorea dorise ohp th carlisle plan or the Bal baltimore timote plan or any other oilier plan bu llaM the mea ica aa of an absence of any bond deposit ns As well as proper suler n |