Omaha daily bee., 1902-04-25
BRINGS IN MANY BANKERS
Group One Of Iowa Bankers Association
Holds Interesting Session.
LAWYERS TELL THEM OF SOME "DoNTS"
Should COnhne Themselves to the
Banking Business and Turn PeO-
pie with Trouble over
TO the Lewyers.

The members Of group No. l OF the Iowa
State Bankers association, at its annual
meeting in this city yesterday, placed
themselves on record as being opposed to
the Fowler banking bill now before con-
gress, especially the feature of the bill
relating to branch banking. This resolu-
tion was adopted and copies ordered sent
to the Iowa senators and representatives:
Resolved, That 1t is the sense of this
convention of bankers that the proposed
banking legislation now under considera-
ton by congress-, known as the Fowler bill,
vance the best good of the business in
terests of the people of this country, espe-
Branch bsnkiSs, and W we hereby Rl request
our senator's and representative from this
state TO use their influence against the en-
actment of this proposed bill into law.
This action was taken following the read
ing by d. L. Heinsheimer of the Mills
County National bank Of Glenwood of a
paper on the proposed new banking bill,
which has been reported favorably by the
banking and currency committee OF the
senate. Mr.. Heinsheimer gave It as his
opinion that the bill II adopted will pro-
duce the most radical changes in the banks
and commercial system ever made. He
said: while 1t is true hat radical meas
ures are at times necessary, 1t is also true
that they should be given the most care
full attention before adoption. At this par
ticular time, a period of speculation in
every industry prevailing, the utmost pre-
caution should be taken. 1t may be argued
that 1t is easier to make radical changes
in times Of prosperity, yet the history of
financial panics. without exception, prove
that financial panics follow closely and are
to be feared most during periods of Hnan-
cial prosperity"
Meeting Well Attended.
The meeting yesterday was the best at
tended since the organization Of the group,
three years ago. Chairman e. F. Wentz
Of Oakland presided. Judge J. r. Reed,
president Of the Commercial National bank
Of Council Bluffs, opened the meeting with
a short address Of welcome, which was re-
sponded to by Thomas H. Reed of the First
National bank Of Shenandoah, in the alb
sence of nr. S. J. Patterson of Dunlap.
Attorney Frank Shinn of Carson, who had
been invited to address the meeting on
"Advice; in Giving Same to Patrons
Where Does the Province OF the Banker
End and that OF the Lawyer Begin" was
unable to be present, but the paper which
he had prepared on the subject was read by
s. c.. Campbell of Carson.
Vice President Beresheim OF the Council
Bluffs Savings bank discussed the question,
rs the Recent Increase in Banks Likely to
be Permanent" and this closed the morn
ing session.
Election of Ofhcers.
The election Of officers at the afternoon
session resulted in E.. F. Wentz of Oakland
being elected chairman Of the group for the
third successive year. T. X. Elliott Of Es-
sex was reelected secretary. These were
elected as the executive committee Ernest
II IJaHt Nonnni nIuma. n r pPica C0un-
ell BLUFFS; S. J. Patterson, Dunlap; D. L.
Heinsheimer, Glenwood; L. f. Potter, Har-
' Ian.
S. G. Campbell Of Carson discussed THE
Financial Outlook, which he thought was
not unfavorable, but he cautioned bankers
to make haste slowly" The discussion
Of whether the group system had been a
success by L. F. Potter of Harlan elected
the opinion that while the attendance at
the meetings heretofore had been disap-
pointing, the bankers belonging to the
group had undoubtedly derived benent from
such membership.
Thomas H. Read of Shenandoah advised
the bankers to continue opposition to the
monopoly OF the express company by send
ing currency insured by registered mail,
He stated the expense was about one-half
and with the insurance Just as secure. He
mentioned that the use OF the registered
nail by bankers had induced the express
companies to agree to be responsible for
incomplete currency the anne as completed
currency.
At the formidable, conducted by S. G.
Campbell Of Carson. these questions were
discussed: Burglary Insurance." How to
Avoid Overdrafts," Should the Use by
Customers Of Their Own Checks In Pay
ment OF Bills Away From Home be Dis
I M uad ot HNUhaf Dian Fan he Adontad
to Secure for the Bank the Exchlnge II
Should Have on Drafts Sold, and low Best
Regulate the Charge Therefor Between
Competing Banks?" How TO Best Educate
the Public to Refuse to Endorse Drafts. or
How to Reduce the Number OF Bogus Drafts
} Passed?" Has the Sending OF Currency
by Insured Registered Mail Proven Salts
!, factory?" Are Chattel Mortgages Desira-
BILE as Security for Bank Loans, and is II
Desirable for Commercial Banks 10 Loan
} on Real Estate?" Would it be Good
Policy to Abolish Par Points for Collection
and to Abolish Paying Interest on Daily
BaIances?" SHOULD Banks Buy Paper by
Cure-all Doctors, Life Insurance Agents.
U Book Agents. etc. ?"
q, Banker In
Among those In attendance were: z. F,
, WentE, Citizens State bank, Oakland; e.
NJ. Stuart, Spalu Bros bank, Oakland; D.,
L. Heinsheimer, Mills County National
y bank. Glenwood; II. NJ. Bostwick. First Ma
tional bank, WOodbine; r. M. shipman.
i Farmers bank. Emerson; Z, z. Springer,
First National bank. Charter Oak; C. B,
0 Christy, Strahan & Christy bank. Malvern;
: James J. Wilson. First National bank. NAL
vern; James Hunter. German-American
bank, Minden; L. F. Potter, First National
bank, Harlan; T. II. Read, Ebert A. Read.
o First National bank, Shenandoah A. d.
French. Mills County National bank. Glen
wood; s. c. Campbell. Bank OF Carson. Car
z son; w. H. Johnson, State Savings bank,
: Logan; T.. X. Elliott. Commercial National
a bank. Essex; w. NJ. Paul. Paul's bank,
n Thurman; Ernest Z. Hart, F. A. Buckman,
s T.. @. Turner, First National bank. Council
3 Bluffs; c. z. Price, G. p. Moorhead. c. z
= Walters. Commercial National bank. Coun-
4 ell BLUFFS; John Beresheim, Council Bluns
Savings bank; Jesse Caldwell, Council
: Bluffs.
Davis sells paint.
= EnJoIns the Motor Company.