The Wichita daily eagle., 1897-12-10

iudividual. each has certain Strung
points and weaknesses. Personal con-
tact permits direct observation OF these
in our business associates and AFFORDS
opportunities for valuable comparison
The observer Is enabled to form better
estimates Of his own attalnments and
deficiencies and TO better appreciate
these in their bearing on business life.
He is the better enabled TO emphasize his
cwn valuable qualities, to eliminate his
pernicious tendencies and habits and TO
acquire for his own use the good ne sees
in others.
'"The nature of our occupation tends to
prevent US from meeting in the ordinary
course OF life for the exchange OF expert
ence for the discussion Of problems that
constantly arise in our work and for
suggesting solutions and methods that
would simplify and develop our business.
This social contact and exchange OF ex-
perienee can best be accomplished by
organizations Of this character.
1T is not meant that an association OF
the banks should be formed for the pur-
pose Of eliminating entirely the element
of competition from the business and
terests to raise rates above the value or
services rendered and to force extortion-
ate profits This would have the same
destructive effect upon our business that
its practice has on other lines, but il is
meant that it is a duty that the bank
owes to its patrons as well as itself 10
strive to save the energy expended in
and to utilize it in adding to the re-
sources and increase the power OF the
bank to serve the customers.
There are certain forms OF compeu-
ton, however, between banks that are
detrimental to the customer as well as
to the banks. Indeed, any competition
that lessons its resources weakens the
power Of the bank and is detrimental 10
the interests Of the customer
Properly regulating and influencing
a natural, healthful and legitimate COM
petition in our business Is a proper oo-
ject Of an association of banks.
Banks are subject to the assaults OF
the lawless impulses OF dishonest and
criminal men. The burglar, the forger,
the counterfeiter and the slanderer, per-
ennial enemies to the business, and the
| banks can best protect themselves from
the assaults by concerted and active vigi-
| lance.
There Is a conviction in the minds Of
many well meaning and honest but sin
gularly misinformed persons that the
banking business Is carried on for the
purpose Of making the rich richer and
the poor poorer; that it strives to get the
1 m
| a real equivalent; that ne is constantly
| practicing the hardest oppression and the
grossest eXtor.ion; that, in short, he is
| the same kind OF an enemy to mankind
as any other person who would make it
| his business in life to get something for
| nothing By organized and concentrat-
| ed effort only can the demagogue who
persists in thus misleading the people be
| rhwarted and the people properly in
formed.
IAN intelligently organized banking as
ISOLATION can best inform the people of
the place and essential value OF honesty
and fairness in the business of banking.
No bank IN which honesty and fairness
| is wanting can for a moment hold place
| in the business world, no matter what
amount Of capital it may possess. A con-
certed effort by the persons who best real
ize this can best show that dishonest
and unfair banking corporation is as de-
structive TO commerce as the gambler OF
the green goods man is to society. The
banking association is the natural and
ideal means by which we can rid our
selves of that arch enemy OF our busi
ness, the wildcat bank"
1.-THE success of all undertakings can
believe, be traced back to good organi'
zation at the beginning, and az this day
when every great undertaking is being
conducted by system, that busines:
which has not complete organization and
fixed policies at the beginning suffers ev'
cry disadvantage.
"Any enterprise involving numerous
varied and important details can only
hope for success by applying to then
such an organized system as will place
each in such a relation as will unite thei
value and importance.
1.-The banks of Oklahoma were started
with the rush OF 1889. In years to conn
when our state is fully developed, Will
close and studied organization, through
both trouble and prosperity. will find u
in perfect formation, and ready to NEE
the responsibilities that will then con
front us.
'Tn the future development Of bushes
in our territory conditions will constant
ly arise peculiar to our natural re
sources. Added means OF transportation
and communication will be esta blished
increase OF population viii develop nev
responsibilities. As these changes occu
our relations to the larger lines of traff
and 10 the higher centers Of business vii
change As these transactions occu
, modified methods and new problem
must be dealth with. These can best b
met by the concerted action and uni q
energy OF the best minds engaged in on
business The Banking association c
the territory is the only organization
> through which our forces can best b
united and made effective The eeparat
and individual efforts OF the banks Il
dealing with these problems and estao
fishing precedents viii necessarily o
conflicting and futile. .
"For the adequate support OF these Re
sponsibilities our forces must De united
for in union there is strength"
MR.. SEARCH OF SHAWNEE.
Mr.. ". S. Search OF the Siawne
State bank. read a paper upon ''Th
: Effects of the New Law Upon the Bank
!, of the Territory" as follows:
Y .'Mr. President and Gentlemen os "a
Association:
y ITO determine the effect of the nsI
n Law on the banks OF the territory a
: this time. Is TO reason from cause {