Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-03-04
NEW BANKING PROJECT
Financiers Discuss an Idea Sue.
eested BY Director Of
the Mint.
Would Have Branch Banks
In All Parts OF the
World.
Intended to Facilitate Exchange
and Increase Development
Of Commerce.
ana Increase DeveIOpmel
Of Commerce.

Chicago, March A Director Of the
Mint George L. isobeits. in a speech at
/ the Bankers Club heie, said:
This country ought to- have great
banking corporations With branches in
every part of the world TO facilitate ex-
lchanss and increase the opportunities
for the development OF commerce
The suggestion OF Director Roberts
has aroused i great deal of interest
among bankers all over the United
states and the subjeet is being widely
llGiscus'sad.
| II is more generally Endorsed in the
lllrger cities like New York and Clica-s
go While in some Of the smaller cities
the idea is fatty OPPOSED
Plan Favored in New York.
New Work. March a. Representatives
lcf the banking and commercial interests,
of New York speak in ia vor OF Director
4 Roberts suggestion cf a bank OF banks
with foreign branches.
I William Sherer. manager of the clear
ling house. said: Canadian banks have.
branches ali over the world, and dis
HAS proved a greafsaid to Canadian
conmerce. The development OF the
branch bank princirle is only just be-
lginnins 70 attract attention in this
countiy. Branches are not needed in
Iother countries to borrow money, but to
slend money. Now that We are AZ i 81
4 h.tiiof ma are seeking. opportunities 70
dplaee our money abroad. the question of
4 sSiil2 the POWER g apllsn branches
IN Sf',tslsn seounlriss hecessalliy must
come NJ
-N5a'ssless ~. Muhienaan. acputy q s'sise
lahl lhisea states treasurer al New
/ ApIk. sala
i,aishs Win s'e'Fesst'. pianeics are .
l,Vil'iils ,s''ssS'siss WIZ US " sslaii
nave TO sfiaNe sueh 'oaiiks s4ior'lS or sui
lsF. me nations 9 Aurope ass iaf
1lsas s. 'is's''A ''is i,af,isulal' ,',s i'e
,''''iisai's anu itaiia'ss teiallls s. =
..'e ~ fii' ~ -
e. q 1900 y, g. % ~. =. 8,
=, - 800 ~ y 81
- ~ : ~
~ 4 ~.
:
ton. Were conducting 2a6 branches
thfnout the wo''d at hss end q 1893.
iilsss, ss' i,soSea i,ital siilNsssiei sl"
sz's po'i,oVe am tfssy nae. f'sssls,ss ii'as'
4
islssy then carried ses9'p0o,Voo oi sas'i'os'
i IT'S and the total resources AZ gregatso
more man si,VvV.v",Vv's neS pare aS-
s - y ~
q ss'slSN, S''s i'if'sisiss = ~
q efn1'la'5aS iaa's 'sD''l'aiss' Co.,
=, z
2siihl',i ~
q y : - 's.s !,
d E : i'i''s' 8 Z s
''ssi,is u3ii'', : 80 80.
- - =, z - ! = y -
tiis - - 9
sitsi' = ~ n 3 .t's Is
llss1s's ~ 49, & ~ 9'as
Va y - E = - .''', -
iis' y 81
/ siii'.ei ~ rs a'eess' mig & -
'i'sai'a
~ - a - ~ ~ = ~ = = -
1sl,h. vario,ls countries, and such mean.
8 could only be obtained by the creation
of banks with power to maintain
branches in foreign Countries.
IhlnR . fresenl system SuMcient
cleveland. ", March 4.-7l'udley y
!, MICK, president OF the MICK lrus
:, Company, said
Ine IDEA OF Mr.. isoperts IS not new
enc do not pretend TO De thorougnl.
informed as 70 the detail Of his propo
s.tion. am inclined TO believe that j
would be harh 70 improve upon tn
: present banking system IN vogue In thi
! country ne national banks and tn
j trust companies are strong enough +
lioat any transaction however great
y Anything that s worth promoting i
lftoSf .1sl M