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The Legalized Crime of Banking and a Constitutional Remedy
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Fifty-two years ago in August, 1905, I went to Abbott, Texas, as principal of the school. Later
in the fall the little bank in West, Texas, seven miles away, failed.
This story was told to me: A farmer sold his farm for $3600 cash. He reached the bank as the
cashier was closing the doors. The farmer said, “I have just sold my farm. Here are $3600 —
all I own is in my hands. I am afraid to keep it until I go west and buy another farm. Will you
open the bank, and let me deposit this money? I owe you $500. I will come in Monday and pay
you.”
“Sure,” replied the young cashier. He reopened the doors, took the farmer's money, gave him a
deposit slip, knowing that the bank was busted, and would not reopen, Monday
Silas Walter Adams - Personal Name
1st Edition
NONE
The Legalized Crime of Banking and a Constitutional Remedy
Banking And Finance
English
2002
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