The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1892-09-20
,e2 sent to each national bank a circular

1892, sent to each national bank circular
letter soliciting data in respect to the por..
tons of business transacted by the use OF
actual money and the use OF checks,
drafts, etc, and requested that each bank
keep a correct account of ALI the receipts
of the bank on Thursday, Sept. l5 1872,
and report the result Immediately TO the
comptroller for public Information. Now,
W Il the result may be | cannot at TINS
time forecast, but the official result Will
soon be known. l can say, however, that
in the bank with which | am connected
there was on tina. day 50 per cent OF the
receipts transacted by checks, drafts. etc,
and only Is per cent OF actual money
Now, if this is fair indication OF the
business throughout the country, and
believe il is, it shows the enormity OF the
commercial business of our country trans
acted Through our banks by the aid OF the
representatives OF money. aud not the
actual money itself. Had | but the time.
| should be pleased to 90 somewhat into
detail and show the valuable services
rendered by banks III cashing on
presentation for their customers
sight drafts with bills OF
lading attached drawn upon some commits
sion house and against, not money bal
ance, but upon commodities IN transit,
wheat, corn or livestock.
Now have endeavored briefly and IN
which banks render the general public. l
do not claim that all banks are managed
properly or that all bankers conduct their
affairs at all times for the best interests OF
their respective communities IndiscrImi-
nate censures are always unjust, and no pro
fession or calling should be judged by Its
unworthy members, yet l sincerely believe
that bankers ara in the main actuated by
the best of motives. That it IL their
earnest desire to know the needs and the
requirements of their respective commu-
mites to serve them with ndellty ana
with promptness, and to bs faithful TO
every trust imposed.
This interesting paper brought out a
protracted discussion which was partlcl-
pated in by Hon. James Kelley. Mr.. Jun
kin, Mr.. Miller, Mr.. Allen, MIR. Maffett.
Mr.. Bolton, Mr.. Meade, Governor Anthony,
Hon. Chester l. Long and others, all OF
them manifesting good deal Of interest
in the subject.
Mr.. J. E. Junkin also read very inter
esting paper on the single tax theory
which, like that of Mr.. Stotler's, is crowd
ed out of this issue by want OF space Then
followed suggestions and discussions con-
corning the business affairs of the meeting
after which All adjournment was taken till
0 o'clock this morning. The editors and
their wives heard Governor Anthony IN
the evening at Garfield Hall.
TODAY's MEETING.
No program has been made for today's
meeting, for editors make programs as
they 90 along. IJ is probable, however,
that the morning hour will be devoted to
business matters and the afternoon hours
to seeing the city. General Manager
Thomas G. Fitch of the Electric Street Car
company, has rendered them the free use or
an open summer Car to take them over the
system, stopping at such points of interest
as they desire to see. At night the Repub-
lican press will give them banquet at
which nice program will be carried out,
including IA response to the toast. Stand
up for Kansas" by Governor Anthony.
The original plan was to give the editors
and their wives an excursion trip through
Oklahoma, but "A com binaton OF circum-
stances prevented this. Hon. E. G. Potts,
president of the board of trade, referred to
this in neat speech and expressed his re-
grets.
In a message to the EAGLE last night
from Mr.. r. p. Murdoch, business man
ager he issued an Invitation to the editors
and their wives to call at the EAGLE office
at their convenience, when he Will be
delighted to show them through the build
ing. He earnestly hopes that they will
honor the EAGLE with such a call even
though it be for short time.