The Topeka state journal., 1903-05-28

AS a matter Of fact in the majority of
the counties Of Kansas cattle security
is one of the commOnest securities taken
and when given by a local farmer,
known to tisS bank. is for practical
purposes as good as any to be found.
1t is probable that Mr.. Scoville had no
intention of issuing q general ediet
against the acceptance Of cattle paper
and it is reasonable. from the eNper-
ience of banks, that il is not good Sc
curity far from home. But in the econ
omy of Kansas banking cattle paper is
a thing to be reckOned with largely.
The banker looks al the man who gives
the paper fully as closely as at the cat
tie themselves.
MORTON ALBATGH'S SPEECH.
Bank Commissioner Albaugh read a
Daner on THE IniudiCiOus Banker and
How to Control Him" While that sub
ject is one more accurately pertaining
to Mr.. Albaugh's own affairs tnan TO
those of the banking association, the
paper was given close attention. Mr.
AIbaugh however. failed to reveal
any secrets He gave an interesting
paper on tine necessary attributes of
the succe essful banker and pointed out
the shortcomings of the failure in the
business and the man who takes wrong
But as for pointing out for the pub
lie how 1T shall guard itself against
corrupt or unwise banking methods. he
did not Probably because il cannot be
done
MONEY ORDER BUSINESS.
How the bank viii get the valuable
business OF the transmission of money
which the postofIice and the express
companies are now dividing between
them was the subject of the clever pa
per Of AIyron A. Waterman. cashier OF
the Citizens State Savings bank OF
Kansas City. Mr.. Waterman was once
a Topeka man He graduated from the
of 10 Kansas hank COTuT1ISSIO IO0Er
into the banking business several years
ago and has since been successfully en-
gagged in the business in Kansas city.
Mr. Waterman is a brother-in-law Of
the Rev Charles NJ Sheldon. some Of
whose religious novels carry clever IL
Illustration by him. MT Waterman s
pen cartoons used to be we'll known
but of late he has been otherwise en-
ployed-
Mr. Waterman takes the simplest view
of the money order question. The post
Office gets the business of sending mon
ey largely because comparatively few
people know how easily and safely the
same thing is done by bank MI
Waterman advised the use of some pub
Mcity by the bank among its patrons
He showed how the bank with which he
IS connected handles drafts at a cost
less than that of either of the other
methods. Express money orders, he
showed are uncertain of immediate
payment as well as limited IN the
amount that may be nanuieQ Dy theili-
THE SECRETARY S REPORT.
Secretary G. L. BrckaW's annual re-
port read this morning, showed a pres
ent membership of 5l4 a gain of 12s
members during the past year. There
are IT'S eligible bankers in Kansas. The
association win so after them this year.
lr six years the association has reached
its present numbers from the sma1
mem bership of about so in 1897 The
sum of s1e50 was rebated to members
this year from the gross premiums for
burglary insurance depository bonds
etc. The association has secured a re-
duction oe .1 cer thousand in the cost
Of fidelity bonds for banks with less
than four officers and clerks actively
engaged The report shows strong sup
port for the insurance branch of the
association The entrance of the asso-
citation into the insurance field has re-
suited in material reductions i'm rates ~
non-fesldent companies. Three banks
holding burglary Insurance We're paic
Ior losses from that source.
IN hiss renorr Mr. Er0lxavv -,,ota tastaa
against the indiscriminate endorsing of
checks given by strangers to patrons
Of barks- The association has about
$4,000 in its treasury.
Some interesting reports Of the work
Of the erouns of the Kansas Bankers
association are on file in the records
of the secretary. There are six OF