Omaha daily bee., 1898-07-28
RnutIne Wnrl. Dcgins.

W lDt SUI tldlJ { h'h'SN ~
the records, and the recommendations made
by the president were referred to a com
mittee composed of Julius Stern Of Illinois,
ID. Eldrege of Massachusetts,, and Seymour
Dexter of New York.
The president appointed Judge Seymour
Dexter of New York, II. S. Rosenthal of
Cincinnati, Joseph PART of Philadelphia,
Julius Storms of Illinois and d. Eldrege Of
Massachusetts as a committee on resolu-
tons; and T. r. Foster of Mississippi, w. L.
Carlin of Illinois, and G. S. Harbough Of
Kansas, as a committee on finance.
p. II. Pierce, secretary Of the Missouri
league, was accorded time to make a state
ment regarding the withdrawal of his state
league from the national organization. He
said that instead of investing their money
in building and loan associations they put
it into banks and lost it. They therefore
felt the need Of economizing and cut off
their membership as the first step in that
direction, but said they would again become
active members next year. He then read a
resolution calling for the eliminating of all
national associations and similar organiza-
tons from Missouri and demanding that the
state law there be amended and simplifed.
The secretary read an announcement from
| the local committee on entertainment giving
the time for the different events on the pro-
gram, which called for a visit to King Ak
Sar-Ben's den tonight, a trip to South
| Omaha and lunch tomorrow morning, a BAN
quet at the Commercial club tomorrow night
and a trip to the exposition Friday after
noon and night.
There was considerable discussion over
the South Omaha trip, 1t being suggested
hat this would interfere with the business
of the morning session, but 1t was finally
decided to make the business Of the league
conform to the entertainment provided.
The delegates and visitors were invited to
assemble at the west door Of the city hall,
where their photographs would be taken.
Duly Accredited.
The committee on credentials made its
report, which found the following duly &C
credited delegates to the meeting:
California-Charles K. Clarke, San Fran
cisco.
nlinois-Lake w. Sanborn, Galesburg; ].
w. Larimer, Salem; W.. E. Corlin, Jersey
VILE; w. Il. Smith, Chicago; F. S. Bartlett,
Galesburg; C. A Wightman. Evanston
John G. wetzel, Sterling; Z. G. vasen
Quincy; S. H.. Case, Julius Stern, Simpson
Dunlop, Paul Kraemer, Chicago.
Indiana-G. w. Smith, David Badger, E
G. Henry, New Albany.
Kansas-C. S.. Harbough and Genzt
Stumpf.
l1Oul5ldid iiio ~ 'sNhs, NS'
Iberia.
Massachusetts-D Eldridge, Boston; ]
Warren Bailey, Sommerville.
Michigan-W. L. jerks, e. L. Smith. w
J. Brotherton, l.. j. Walcott, c. d
Hanchett.
Mississippi-T. r. Foster, Vickburg.
Nebraska-C. ]. Phelps, Schuyler: G. F
Bentley, Grand Island; d. H. Christie
Omaha.
Cellarius, w. l.. Finch, Cincinnati; E. J
Swerer. Columbus; o. L, Sadler, Akron
John X. Duke, Portsmouth; C. H.. Gallup
Norwalk; Josiah E.. Boyer, Dayton.
Pennsylvania-M. ]. Brown. j. *. Gamble
c.. +. Kolb, James Clereney, ]. II. Paist
Robert T. Corson, David Jones, Phila
delphia.
Texas-William G. Bell, Austin.
New York-Seymour Dexter, Elmira.
Missouri. II. Pierce.
The states of Wisconsin, Iowa, Montant
and Arkansas have not yet reported.
. 1t was decided that all resolutions SHOULD
be referred to the committee without de
bate.
First of the Papers.
Upon reassembling in the afternoon tn
league decided to proceed hurriedly to bust
3 ness that the regular program need not b.
5 curtailed by the proposed trip to Soutl
a Omaha this morning. Immediately afte
being called to order a paper was an
: nounced on THE Management and Invest
ments of Cooperative Banks" by Frank E
n Sanborn Of Concord, Mass. Mr.. Sanborn wa
, not present and the paper was read by L
Eldredge Of Boston and its salient feature
follow:
e Wise men planned the cooperative bank
the storage-basin for small amounts {
= money. They planned that little channel
= should be opened whereby the man VIII
could save but little might have that lit
accomplish great good for himself or other
$ building n little home where he migf
gather his family and enjoy the fruits
!. his labor. 1t laugh thin habits of econom
d and thrift, where before carelessness, slotf
t fulness and Indebtedness were the rule.
1t brought peace and happiness to h
e whole family. By these habits of econom
= and saving, hundreds, yes thousands,
homes have been established, and man
have been taught the principles of GOO
citizenship, and the way to perpetuate oil
republican government in a solid and SUI
i stantial manner, besides furnishing II
n means for the education of thousands. S
x with all our great financial institutions
e they begin with the savings of the peopl
q and are carried on by the aggregation
their savings.
: Cooperative banks are inducing many
adopt the habit OF saving, where our con
mon savings banks have failed to do so, an
many people have become our shareholder
who never saved a dollar before in the
lives.
A cooperative bank is one that is base
. upon habit. The habit of regularly, upo
Z the first day Of the month, laying by 81, s.
S. or $25, as we elect, is one of its principi
} features-a habit which, II persisted in,
\ sure to make a person rich. The habit
4 eating regularly is productive of a stron
physical body. Thu habit of regular houI
= OF sleep gives us better health. The hab
of cleanliness and good order are great fac
: tors in our modern society.
The habit of saving is one OF the best
all, and this is the habit the cooperate,
bank fosters and encourages. This habit r.
suits in the accumulation of property, al
I wealth makes one practically Independent
With the savings, national banks are forme
manufacturing stocks are purchased. raj
roads are built and commerce is carried o
. But banking is the medium through whiC
all the business is transacted, and the a
cumulated savings are the means.
1t is for this reason ! style the co-oper
D tive bank the nursery OF all banking, as
\ seemed to me TO be the point OF beginnir
and fostering OF all financial movement