The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-06-09
BUSY DAY FOR
THE BANKERS
CONTINUED from Fifth Page.)


tive department has been able to do
some good work i'm the matter of giving
warnings. sometimes generally, some
times in special directions. against Grim
nals and swinders, and arrests have
been caused.
Rulings have been secured from time
to time on questions arising under the
United States revenue law, etc. and
also from the State Treasurer and At
torney General, and all the information
received has been furnished members
without charge. Letters OF Inquiry on
many subjects connected with our work
have been promptly answered, and 0pin-
ions have been secured on doubtful ques-
tions from the leading attorneys of the
State The strong committee appoint
ed for the purpose of consulting con
corning legislation did us all great ser
vice and together with certain Raleigh
friends, deserve our hearty thanks.
There was at the last session of our
Assembly no very bad or hostile law
passed. and many of our law makers
realized, in part at least, that the banks
stand ever ready and willing to bear
their proper part Of the expenses OF the
government, hut that TREY ought not to
be imposed upon nor to be undu!y and
disproportionately taxed.
The uniform Negotiable Instrument
Law" is a step forward, and the banks
have been provided with the text. and,
i'm addition to this, each member will re
ceive free of charge valuable book On
the subject. prepared and printed at the
expense of the association.
Notwithstanding the fact that SOM
thing has been accom- ,ished during ills,
year, there yet remains much for the as
ISOLATION to accomplish. The field for
its operations is large. fruitful and
promising, In union there is strength
and there is also wisdom i'll united eff
fort and in a multitude of good counsel
ors. Let me suggest that every bank
and banking institution of tne State
should Join the association. and that our
affairs should always he conducted with
such care and prudence and skill that
the benefits of membership VIII be so
plain that he who runs may read.
Again, as individuals, as institutions
and as an association we must somehow
come nearer to the people SO that they
may not longer be influenced by false
ideas which designing demagogues lave
been pouring, III such boundless proins-
ion. into their ears. Their best interests
and ours are identical. When com
mupity prospers the banks prosper, and
are and ought to be leading and moss
potent factors i'm that prosperity.
Banks and the people are and should
he heIpful one to the other, and We
must educate the people so that tney
will see and understand all this. We
L. Jr,,, fx,rN it,h rIlI
only the material interests of our re-
spective communities. but also the very
highest and best business ideals. In
order to inspire confidence we must be
worthy of confidence. In order to bring
others to the highest and best business
standards we must constantly strive Tor
them ourselves. We must be prompt,
accurate. wise. conservative, firm, hon
est and just. But | am saying unto
Won only things which we we'll do know.
/ am deeply indebted to many members
of the association fer help and en-
couraging during the year. MY SIN
cere thanks, and yours as we'll, are que
to the vice-presidents and to the eNecu-
tive committee and to the other com
mittees for their honest untlrng ana
faithful work and interest we are an
aff;cient secretary and treasurer for
what he has done and done so WE'LL ahe
I wish to put on record our appreciation
of his services.
Following this was the report OF rhe
delegate to the Denver convention OF
the American Bankers Association, MT.
Joseph G. Brown, of Raleigh. 1T was AN
interesting document and the reading of
it was closely listened to by those pres
ent. Many valuable suggestions were
made by Mr.. Brown in course OF has
report.
No organization ever had better SET
of officers than has the North Carolina
Bankers Association, and none OF ATS
officers are more polite, efficient ana
popular than is its secretary-Mr. Johh
NJ. Miller. .Jr., of Charlotte. His re-
port showed the association to be III me
condition and growing rapidly.
The report was as follows
SECRETARY'S REPORT.
Mr. President and Members of the
North Carolina Bankers Association:
The past year has been "A successful
one for our Association and finds us ut
our third convention with a membership
of seventy -one banks representing over 10
per cent and over So per cent III capital
and profits of the banks of our State.
1t may be interesting to you to know
the pro. ortion of the State banks, ma,
tionaI banks and private bankers COM
posing our III, membership. Out of forty
nine State banks we have thrty-seven
members of the Association, equal to Is
per cent OF the twenty mime national
banks we have twenty-three members ON
our roll. making % per cent; and of
twenty-three private banks and collec-
ton agencies. we have eleven members
or As per cent.
From this you win see that the ma
tional hanks in proportion to numbers
are slightly in the majority with the
State banks a close second. This can
easily be accounted for when you re-
call that the smallest national bank has
a capital of 1000. whereas some of the
State banks and private bankers have
less than $4,000 capital.
During the past year your Secretary
has furnished information. literature,
etc. to all the banks of the State. re-
CARELESS of the fact whether members
or not. This policy was pursued with
the hope OF convincing every bank in