The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-01-31
BANKERS OF STATE
REPRESENTATIVE MINNESOTA IT.
NANCIERS ATTEND EXAM-
INER'S CONFERENCE
MANY SUBJECTS DISCUSSED
Legislature Asked to Give johnson
More Money for Bank Inspec-
tion-GOVernOr Makes
Address.
MANY SUBJECTS DISCUSSED

Inc meeting organized by making
Ferdinand Willius, of the Minnesota
State Savings bank, chairman. and Per-
ry Harrison, OF the Minneapolis Security
bank, secretary. Chairman WiIlius 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, stating
that he felt that it would be mutually
advantageous 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 a neat speech. lie 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 a 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. T. Wyman, of Minneapolis, who in
troduced into the legislature the present
banking law spoke on Needed Legisla-
ton. He advocated a closer federation
of state banks; the establishing Of a
number of reserve centers for state
banks, from fifteen to twenty ir number,
throughout Minnesota; legislation to per-
hn ven la.
reserve centers, and the state banks in
general; larger appropriations for field
service by the public examiner
Charles Nylius, 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 Estate 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 State Banks and Their Advantages
He maintained that state banks were
growing in popularity He was opposed
to any legislation that would promote an
antagonistic feeling between state and
national banks, as the most friendly COM
petition should prevail. The state banK-
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
the point that bankers were losing their
prejudice against trust companies; that
the trust companies were useful to the
banks. The Northwest should take .Ae
profits on its own financial operations as
far as possible through its 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
ganlzation of more trust COMPANIES in
the Northwest
A resolution was then adopted recon-
mendlng that the legislature provide a
larger appropriation for the examiners
ONCE, and another resolution thanking
examiner Johnson for courtesies shown
was adopted. G. NJ. Buck, of FaribauIt.
oI1ered resolution which incorporated
Mr.. Johnsons 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 i'm Attendance
Among the bankers present were:
wilson &. Bran, Citizens State bank.
Lamberton; L. Garlock, First National
bank, Walnut Grove; e. S. Parson- First
National bank Zumbrota; E. M Pope.
QUEENS and State banks, st. Paul;
George J. Grimm, Citizens bank, Lom-
berton; L. Redding. State bank Lamber-
ton; G. f. Gernstad, Goodhue County
pank, Red Wing; r. r. Feeman, State
Dank, Walnut Grove; w. f. Myers, w.
y: Kirk, Capitol bank, st. Paul. F. A.
Rising, Winona Savings bank; ]. c.
Hunter, American Exchange bank, Du-
luth; N. B. Hanway, First State bank. st.
Hllalre; G. A. Hubbard, Lake City bank;
+. A. Sands, Dakota State bank, Lake
vile; E. A. Merrill Minnesota Loan and
Trust company, Minneapolis; A L. Ward.
Sherourne State bank; H. E. Sorlein,
Appleton State bank; James A Estren,
New London State bank; c. G. Roosen,
Wright county, Delano; L. O. Thorpe,
KendTick County bank, Willmar; c. w.
J. 7. Wyman, Metropolitan bank, Min
neapolis; John A. Sweeney, Scandinavian
american bank, ST. Paul; H. A. Warner,
First State bank, Currie; NJ F.. Dunn,
Citizens, bank. st. Charles; Joseph E.
Ware, st. Anthony Falls bank, Minne-
apoIlS; j. e. Bell, Hennepin County Saw
ings bank Minneapolis; John NJ Haven,
Sherburne County bank. Big Lake; J. r.
Mitchell, -Winona Deposit bank; Albert
Prairie; G. s. Eieimiiler, State
bank, Hector; Fred Pfaender, State
bank, New Ulm; B. F. Farmer, First
State bank, Spring Valley: F. r
Mansfield, First State bank, Arlington:
Edgar Anderson, Farmers bank Crazy,
n. D.; E. S. Orwell, State bank. Cork
field Iowa: c. Oehler. st. Paul Trust
company; Ferdinand Wiliiuss, 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
Lake bank; E. c. Kenaston, South Side
State bank, Minneap polls; B. P. Nelson,
Litchfield bank; r. H. Bronson. St
Croix Valley Savings bank Saltwater;
ca; Theo. Valid, Merchants, Winona: H
70. 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 O. Hill, Commercial bank, Daw-
son; Lucius f. Clark, Bellingham State
bank; E. r. McGrew, Bank of Das-
sci; Lemuel McGrew, Howard Lake bank.
Q: H. Campbell. T. F. Mcclure Bank Of
Iitchfield; M: S; Dossett, State Bank Of
Madelia; o p Rask, State Bank of
bloomington Prairie; F. A. Chamberlain.
Security bank. Minneapolis; S. S. Cook
Exchange bank, Pennington; D. A. Nc
Larity, Granite Falls; w. H. Putnam,
bank of Pierce. Simmons & Co.. Red