The Story of An Institution Which is Fifty Years Old

Cover The Story of An Institution Which is Fifty Years Old
The Story of An Institution Which is Fifty Years Old
Louis M Tobin
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Had B. F. Harris done so, there would have been no criticism. It was an accepted custom. But when he loaned his own money, these men will tell you, he accepted the legal rate of interest — nothing more.
I have heard this from their own lips. I have read eulogies of this pioneer. But this glimpse of his char- acter has been more impressive than all I have read.
A man who felt that money entrusted to him was sacred — that it was practically dishonest to extort usurious interest — was to establish
... a bank.
It was a matter of course that the bank he established would reflect his opinions. So that is why the decision was of such importance.
The Dawn /^ Congress had finally recognized the need of bet- Mi^ ter banking. A National Banking Act had just "Banks of National ^^ ^^^ oauKing. I\ iNaiiujiai uaiiKuig /^lc nau jusr cR^^lc been passed creating national banks — under laws and regulations practically unchanged today. In fact the revision of the currency system last year was practically the first change the Government had made in the law since that time.


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