Show CAUSE FOR REJOICING the statements of the various nation al banks in this city as a to their condl t on at the close of business busi nesa on july made a very interesting portion of last evenings evening s NEWS we hope the figures were carefully examined by every depositor and business man and in a general way were understood by the 0 community immunity om at large nothing more than this is necessary to toe the complete vindication of all that this paper has said eaid with reference to the solidity and strength of our local financial houses and nothing more would seem to be necessary to calm any feel log ing of insecurity or distrust that may have been engendered by the reports of runs ruins and panics in other parts of the country every one of the statements carries its own evidence that not only are all the requirements quire ments of the national banking law complied with as to the percentage of deposits on hand but that an amount two or three times as great as the statute calai for to is prudently and voluntarily hold held at command surely barely this should stimulate the confidence of the he business community and give proof of relief whenever publio public calmness will justify it we doubt it if a mo Is splendid showing was ever made in even the best beat of times and we venture to say that few of the cities of the country with an equal number of banks can render a statement nearly so favorable and when to all this to is added the assurance that the other institutions of like character state savings and private are in the same excellent condition our citizens have just cause for satisfaction without buncombe and for complacency without indifference ass As a general proposition it may be said that the great majority of at financial panics are brought on by the people themselves with singular perversity they cause the very trouble they are most anxious to avoid that they are the chief cufr sufferers seems not to enter their circulations calculations at all excited by some stupid baseless street rumor they throw away in a moment all confidence in the trusted and re men whose names and fortunes are pledged to preserve their honor and area are a guaranty of integrity and financial strength wherever known they want their money and having obtained it way they hug it hurriedly to their bosoms cart it home and fondly imagine they have made themselves safe that this is and folly can easily be shown money in the bank we speak now ot of savings deposits draws regular and comfortable ba interest terest if in order to make it earn arn this thia interest the bank loans out the money it receives abundant security but this security if the very worst should happen is not the only security the owner of the money has he has the bank itself with its vast credit and standing to make him still safer and besides all that he has the officers of the institution themselves each one of whom is by law compelled to become good tor for RD an extra amount exactly equal to the amount of stock he holds where there is no charge or suspicion of dishonesty or imbecility in the bank management could anything be more absolutely guaranteed than this we should think not and y et nervous people as we have said sometimes think their money is in danger until they get it in their own hands bands they forego the interest it would have earned they invite the risk of low loss destruction and theft they add to their own anxiety set an ex ample of silly excitement jeopardize their friends P interests and do all they can to destroy the community le credit the NEWS having the welfare of all its readers and of the country at heart cannot too strongly insist that the money of every depositor in the banks here to is ton ten times safer fer where it is than in any other place where such depositor oan can put it such funds as he may need to draw in order to meet current ex ceases and in the order of regular busine elet him draw without reservation but to draw one dollar because he thinks it is unsafe is in folly and shortsightedness shortsighted dees of the most colossal kind |