The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-01-31
REPRESENTATIVE MINNESOTA FL
NANCIERS ATTEND EXAM
INER'S CONFERENCE
MANY SUBJECTS DISCUSSED
Asked TO Give johnson
More Money for Bank Inspec-
tiOn-GOvernor Makes
Address.

The meeting organized by making
Ferdinand Willius, of the Minnesota
State Savings bank, chairman, and Per-
ry Harrison, of the Minneapolis Security
bank, secretary. Chairman Willius adj
dressed the meeting, saying the examiner
was anxious to get acquainted with the
bankers of the state, and the bankers
were glad of the opportunity to meet him.
Mr.. Johnson then spoke briefly, Stain g
that he felt that it would be mutually
advanta geous to form a closer acquaint-
anceship. He said that he realized the
responsibilities resting upon him and was
in need of the help that would come from
cooperation with the bankers Of the
state. He said he had called the meeting
not to form a rival association to the
regular Minnesota Bankers association,
but to form some organization that
would be of assistance to the state banks.
Gov. Van SAINT welcomed the visitors
to the city in neat speech. AIe spoke
glowingly of the general prosperity of the
country, and said that there was only
one little speck on the horizon-the
problem of taxation. He declared that
the man who lodged his taxpaying was
not patriotic citizen; that the man who
shared the burdens of taxation fairly was
as patriotic as the man who snouldered
gun. The governor paid a compliment
to the administration of Public Examiner
Pope. He said that if Mr.. Johnson did
as well as his predecessor he might be
satisfied with his record.
j. L. Wyman, of Minneapolis who in
troduced into the legislature the present
banking law, spoke on Needed Legisla-
tlon." He advocated a closer federation
of state banks; the establishing of a
number Of reserve centers for state
banks, from fifteen to twenty in number
throughout Minnesota; legislation to per-
feet the reciprocal relations between the
reserve centers, and the state banks in
general; larger appropriations for field
service by the public examiner
Charles Myths, of Adrian, read a paper
on Books and Systems of Accounting. -
L. Ellington, of Crookston, said there
was no reason why the state banking
system in Minnesota should not be made
ideal. He discussed at length the i'm
portance of the state Supervision Of
Banks and advocated the adoption of a
uniform system Of bookkeeping, such as
Gen. Pope advocated.
j. r. Mitchell of Winona, read a paper
on Estate Banks and Their Advantages
He maintained that state banks were
growing in popularity. He was opposed
to any legislation that would promote an
antageniStic feeling between state and
national banks, as the most friendly COM
petition should prevail. The state BANK
er is public necessity and here to stay,
He need fear no antagonistic legislation.
He has nothing to fear from currency
reforms proposed community of interest
plans of national banks or proposed
branch bank systems.
Banks and Trust Companies.
''The Relations of Trust Companies to
Banks" was the subject of a paper by
E. A. Merrill, of Minneapolis. lie made
ho Tnin hot Il.
prejudice against trust companies; that
the trust companies were useful to the
banks. The Northwest should take lie
profits on its own financial operations as
far as possible through it's own trust
companies instead of allowing the bust
ness to go East. The entire community
from the banker to the laborer, has an
interest IN the prosperity of the trust
company. Mr.. Merrill advocated the or
ganlzatlon of more trust companies in
the Northwest.
resolution was then adopted recon-
mendinG that the Legislature provide a
larger appropriation for the examiners
once, and another resolution thanking
examiner Johnson for courtesies shown
was adopted. c. NJ. Buck, of Faribault
offered resolution which Incorporated
Mr. Johnson's suggestion, that a COM
mlttee of nine be appointed to look after
the interests of the bankers before the
legislature and elsewhere The commit
tee will be composed of officials of seven
state banks, one savings bank and one
trust company.
Those in Attendance
Among the bankers present were:
Wilson G. Bran, Citizens State bank.
Lamberton; L. Garlock. First National
bank, Walnut Grove; E. S. Parson. First
National Malone bank Zumbrota; E. M. Pope,
citizens and State banks, st. Paul;
oerton; L. Redding, State bank, Lamber-
ton; Z. F. Gernstad. Goodhue County
bank, Red Wing; r. r. Feeman, State
D: Kirk, Capitol bank, ST. Paul; F. A.
Rising, Winona Savings bank; J. c.
Hunter, American Exchange bank, Du-
luth; N. B. Hanway, First State bank. st.
f. Al Sands, Dakota State bank, Lake
Vile; E. A. Merrill Minnesota Loan and
trust company. Minneapolis; A. L. Ward,
Sherburne State bank; H. E. SorIein,
Appleton State bank; James A. Estren'
New London State bank; c. G.. Roosen,
wright county, Delano; L. o. Thorpe,
Kendrick County bank, Willmar; c. w.
Lundsten, State bank, Lester Prairie;
j. T. Wyman, Metropolitan bank, Min
neapolis; John A. Sweeney, Scandinavian
American bank, ST. Paul; H. A. Warner,
First bank, LIE Roy; George Pfefferkorn,
Citizens bank, st. Charles; Joseph 1T
Ware, St. Anthony Falls bank, Minne-
apolis; j. E. Bell, Hennepin County Saw
lngs bank, Minneapolis; John M Haven,
Sherburne County bank, Big Lake; J. r.
Mitchell, Winona Deposit bank; Albert
Rhoda, Merchants State bank, Long
bank. Hector; Fred Pfaender, State
bank, New Ulm; B. F. Farmer, First
State bank, Spring Valley; F. F.
Mansfield, First State bank Arlington;
Edgar Anderson, Farmers bank, Crary,
N. D.; E. S. Orwell, State bank. Cork.
field, Iowa: G. Oehler st. Paul Trust
company; Ferdinand Willius, State Saw
irgs bank, st. Paul; w. A. Matthews.
First State bank, Ada and Twin Valley:
f. A. Gross, German-American bank An
napolis; Lemuel McGork Bank of How
ard Lake; w. A. Smith, Cottonwood
County bank, Window; J. P. Stratton,
Avoca State bank; J. D. Thorson, State
Bank of Poland; H. Thorson, Elbow
State bank, Minneapolis; B. P. Nelson,
Litchfleld bank: r. H. Bronson, ST.
CroIx Valley Savings bank, Saltwater;
+. 5. Meyer, State bank, Young Ameri-
ca; Theo. Valid, Merchants, Winona H.
%. Sorlein, Appleton bank; Joseph c. Es-
trem, New London bank; Frank Mann,
First State bank, Brownton; w. H Sam
els, Dakota County bank, Lakeville;
Charles Q. Hill, Commercial bank, Daw-
| son; Lucius f. Clark, Bellingham State
bank; E. E, McGrew, Bank of Das-
sci; Lemuel McGrew, Howard Lake bank:
| .. Fl. Campbell. T. F. Mcclure, Bank of
Iitchfield; M; $: Dossett; State Bank Of
Madelia; o p Rask, State Bank of
| Bloomington Prairie; F. A Chamberlain,
! Security bank, Minneapolis S. S. Cook
Exchange hank Farn1ine Mo