The Wichita daily eagle., 1897-12-10
BANKERS AT FL RENO.
Continued from First Page.)

security liens and priority OF lieHs' Heso
table and non-negotiable paper, in TACT
make all these matters 80 plain and ex-
plicit that the wayfaring banker, though
weak minded, should not err therein
Bankers are to blame for the foolish
sentiment that is arrayed against 1nem
and their business. They ought to NIX
more in public meetings, in ward czu-
| cuses and general elections. They ought
| 10 demand the consideration Of legisla-
lures as mucn as any other class OF peo-
p1e. There is too much cowardice about
publicly expressing our convictions, lest
| we perchance offend some customer and
lose mis- business. The law has made
communications made to the lawyer or
doctor privileged communications, ana
no court can compel divulgence OF such
knowledge. If the wisdom OF tne law
makers thought it right to protect the
criminal who tells mis- story OF crime TO
! his legal advisers and those whose sys-
TENS are wrecked by a criminal violation
| of natures laws when they tell these
| Things TO their physician, how mucn more
sacred should be the confidence reposed
nv the business men and women in their
banker: no court should be permitted
| To compel banker to diyulge any infof-
metion that comes to him by virtue OF
| his profession as an officer or empioye
! Of bank.
"I will not take your time to elaborate
sny individual ideas 1 may have as 10
the best system of banking. we al
| want practically the same thing. we
want that system that best protects,
first. the banker or shareholder; second,
rhe depositor, and, third, that system
| that affords the greatest facility to ac-
commodate the borrower consistent with
| safety.
! with an experienced banker OF great
natural ability as secretary Of the Unit
ed States treasury, to recommend
practical banking law suited to the pres
ent conditions, congress ought TO lay
aside the onerous task OF passing appro-
priation bigls for slack water navigation,
| feeding Indians and few more such I'M
portant matters long enough to take up
this subject and pass an up-to-date
banking law. With sound banking
law that will properly protect all classes,
the per capita question is settled, and
the voice of the double lunged financier
is subdued. No class Of business men on
profession have 80 high regard for per-
sonal integrity as bankers. This is ad-
mitted by the vast interests that are
| committed to their custody daily, simply
on honor.
81 am proud to be a member Of such
profession"
MIR. WHITE OF OKLAHOMA CITY.
Mr.. White of the Bank OF Commerce
Oklahoma City, read paper upon line
Benefits of the Oklahoma Bankers Asso'
ciation.'
The paper is as follows:
.sMr. President and Gentlemen-When-
ever a business enterprise can make one
movement produce as much as two lts
profits are proportionately increased
The inventor, the agent, the promoter
in these days gives his best thought &
utilizing waste energy and material. In'
| executive of any great enterprise IS con
stantly alert to reduce friction, simplify
and shorten processes, remove opposition
and wasteful competition. Harmonious
united effort directly applied is essentia
to profit.
s'The banking business exists for th'
purpose of rendering a service TO INT
public at a profit. 1t is subject to th'
same law OF reduced waste as all othe
kinds Of business. If the banking busi
ness is to keep pace with other lines o
business it must conform to the genera
spirit that animates the rest OF the busi
ness world It must, at every point, be
tween the investment and the dividend
eliminate and il possible convert int
productive effort all waste energy AM
ma terial
"If a banking institution is to secur
profits to its members it must nave
customer To secure the customer
must be able to do something for min
that he is not so able to do for himself
The things which a bank can do for
| customer are numerous and varied
among them is that of converting nj
daily or weekly receipts Of cash items IN
| to a consolidated credit. 1t also convert
E the customers notes, bills of credit an
!, all convertible property into consoll
i dated credit The bank, too, aids tn
customer in discussing this credit in hi
| business.
j "To do these things the bank mus
o have not only the interested confidenc
q and good will of the customer, but ais
y the confidence and good will Of the put
lic To secure this confidence the ban
must insure accuracy. honesty, securit
: and prompt and safe decisions, know
s edge Of every individuals standing an
n even social habits. 1t must secure 20 tn
3 customer polite, courteous, helpful an
sympathetic treatment.
How may bank be able TO do thes
y things? By organizing its men, capita
t knowledge OF the men and business {
e the community into complete, forcefu
: simple and effective system.
How can bank secure accuracy an
despatch in business? BY well adjus
d ed business mechanism.
s How may it render prompt and sa.
3 decisions? By the application OF tho
Is oughly understood and tested principle
= How may il bring its resources OF cal
ital, men and knowledge and courtes
into constant use in all business cond
:, tions? Only by a complete understsnt
:. ing between lis officers and members.
Where can it secure the power TO pc
feet and maintain a simple, frictionles
forceful and effective system? Only /
:. a compact, well directed and active o
. ganization. Not only Is IL necessal
that a bank shoul3 have an organizstic
OF its own, but IL it would fully accon
= plish its purpose il is equally as essel
tisl tha. Il should establish and mainta
- certain relations with other banks.
THE banks OF the territory are alreaC
!, related in the well known and used o