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Show FA1MHK4 AND MONKY. The failure of a number of eastern hanks has created alarm among the depositors and as an exchange truly remarks, re-marks, "These aro the days of old stocking finance. They say that tho people who ordinarily keep their money in the banks where it is perfectly safe, have been taking it out and putting it in their old stockings, teapots, parlor stoves, bureau drawers, or mayhap, they havo preferred to tuck it away Under the belts of their waistcoats, or sewed it tip in their petticoats, or put it in a jug stink in tho well. In cither case it is sluvwdly opined that the immediate im-mediate outlook fur sneak thieves and burglars Is good. It is easier to rillo tho average household than to crack a bank any day." Secretary Windom recite substantially substan-tially the same story, lie says the treasury has put more money itito general gen-eral circulation than at any other time within his knowledge, and yot tho stringency is not removed. It does not occur to these people that by their withdrawal of the funds in hank they tighten tho money market and aggravate the condition unnecessarily. unneces-sarily. Then) is no sense in this wholesale whole-sale hoarding of cash to the detriment of tho general business of the country, but it is characteristic of human nature which acts upon impulse, and in imitation imita-tion of others. Tho banks that failed in the recent panic were, with one or two exceptions, operators and brokers in spec-ulathe spec-ulathe values, and with a decline of these values came their doom. Conservative Con-servative banks wero not affected or would not bo affected but for thu Kcnso-less Kcnso-less stampede of depositors. In Salt Lake City wn have every reason to re-pos re-pos contiilcnco iu our banking houses which have upheld the financial honor and standing of this community in every emergency. As tho clearance ro turns show the financial panic has had no effect here, spending its entire force long before It reached tho Kockics. |