The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-10-20
STATE BANKERS
in CONVENTION

JUN NVENlIUN
Warren; w. $. Calderwald, cashier
First National bank, Kane; Andrew
w. Kerrin. cashier Fort Pitt National
bank Pittsburg; John +. Gwimser,
cashier First National bank, Easton;
Frank II. Smith, president First Ma
tional bank, Stroudsburg; wallace
Guss, cashier First National bank,
G. S. Harah, cashier Second
National bank, Uniontown.
Among the visitors are Miss Edith
Noble Hackett, of Easton; J. r.
Brady, U. S. N, son of Cashier James
of the First National bank Of
George X. Reilly. of N.
w. Harris & Company, New York; F..
Havard Hooke, vice-president of The
Financier Publishing company, New
York; S. Schwarzchild, general mana
ager of the Defiance Machine company
of Rochester; c. c. Dudley, of Rand
McNally & Company's Bankers
Monthly, Chicago; w. u. Mclean Of
the Fourth National bank, PhilGdel-
phia.
William d. Campbell, Dix & Phylo,
New York: Major w. \. Gherst, bank
examiner, Lebanon; Thomas ]. Pow rs,
commissioner of banking Philadei-
phia: George l.. Welles, Jones Perpe,-
ual Ledger company. Chicago; l.. h
Torbet. Chicago: James Archibald,
Scranton; f. c. Spaulding, Scranton;
f. NJ. Rosser, cashier Deposit and saw
ings bank, Kingston; Anthony stump
editor American Banker. New YORK;
c. n. Miller, Burroughs Adding Ma
chine company Philadelphia; MISS
Gish, Slatington: Glenn G. Page, treas
urer wyoming Valley Trust company
Wilkes Barre; O. F. Reinhard, cashie
South Bethlehem National bank, Soutf
Bethlehem: r. II. Higgins, ir, New
York: A. r. Barrett, bank examiner
Philadelphia.
CONVENTION IN DETAIL
President Kunkel opened yesterda!
mornings session at 1925 o'clock ant
introduced Rev. Charles E. Robinson
D. D., of the Second Presbyterian
church who offered prayer. Mayo
Moir made a brief address of welcom
on behalf of the city and W. II. Peck
cashier of the Third National banl
extended a welcome III the name o
the bankers. Hon. William Connel
was to have delivered the address bu
not being able to attend. Mr.. Pee
was substituted. He said in substance
Mr.. Chairman, Fellow Bankers, anC
Visitors: l regret very much tina
Hon. William Connell, who was to we!
come you on behalf of the Scranton
Banks, is not here. He has been called
unexpectedly from the city, and desire
me to express to you his great disap
pointment in not being able to NEE
with you. Our committee of arrange
| ments has delegated me to take hi
place, and ii gives me great pleasur
| to extend to you a cordial welcome t
our young and growing city. A welcom
| to Scranton is not given reservedly
| the whole city is yours. 1t is said tina
recently when our city was in gal
| day attire. decked with banners, an
great delegations were pouring in, ou
genial friend the undertaken had tn
word, Welcome" over the door of hi
establishment. SO you see there is n
limit to our hospitality.
4 short time has marked grea
| changes in this city. Where the Boar
of Trade building, the Court House
| the PostOffice, and several of our larg
est buildings stand, was a swamp bu
| a few years ago but the enterprise an
| push of our city has transformed tina
| large area into an attractive lOcalits
| We are proud of this building, tn
| Hotel Jermyn, the Albright library, tn
| buildings of the International Cores
| pondence Schols erected by the Col
| liery Engineer company, and man
| other prominent buildings, as well a
our numerous and diversified indus
! tries, the number of which is constant
| ly increasing on account of the super
ior advantages they find here.
| / have read recently of a farmer !
| Missouri who is said to have been S
| prosperous that when he looked at h
| corn crop he decided to build cribs fC
| it. but soon gave W that idea, an
built high fence around a forty acl
| lot, and it is said that by piling III
corn high he managed to get it all in
| side. Our prosperity does not ovei
whelm us like that. but every body
busy and We are thriving.
THE LOCAL BANKS.
This welcome comes from those cor
nected with our nine banks, having
combined capital of l,4S0000. Fly
years ago their suprlus and undivide
profits were $1,57O, 900 and their deposi
were $10000,000. Now the surplus al
undivided profits are 81, 800 900 and the
deposits $17000,0 900, thus showing tn;
while their deposits have increased
per cent. or 81, 900, 900 in five years. the
surplus earnings have increased 63 p
cent or almost 81 100000. while the
have been fair amounts distributed
stock holders as dividends. Evident
Scranton bankers have been able to u
profitably their handsome increase
deposits.
When / think of the many hundr,
millions of dollars of credits and ca!
passing through the banks of this Cor
monwealth, and of our nation, am In
pressed with the fact that in propO
ton to volume there are far less fat
ures in this business than in any 9th
and that the number of defaulters
exceedingly small in comparison wi
the number of officers and employC
each one of whom is trusted, to S;
nothing of the number of directors tn
are around. But something more thi
honest management is required.
run a bank there must also be liiii
and caDability for the work.
If | have any message for you, toda
aside from the greeting. ii is thi
that the judlcious managers of a bal
will In good times like the present, g
it in shape for the gale that is sure
come after some years of good bu
ness, that end in a period of overtra
ing. The present is the time for eve
banker to see to il that the institute
with which he is connected has amo
it's investments a good proportion
quick assets. Few, If any, of the loa