The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1903-06-30

u ~ Jill ~ ~ Ill
Your state is going forward rapidly in
levery way hat contributes toward
making a great commonwealth. In
this steady progress, the bankers OF
your state have stood in the front rank
and on the firing line. Every industry
land endeavOr hat enables your state
Ito make such rapid strides has been
lquickened and touched by Your help
Ifulness and public spirit. / rejoice that
you nave served your state so signally
land that you deserve so we'll the conf
Idence and gratitude of your common
WEALTH"
Mr. .Hardy's address was listened TO
with YER deep interest, ana was great
lly appreciated by the bankers who
heartily a%pplauded the remarks Of The
president Of the American Banking AS
ISOLATION.
COMPETITION BETWEEN BANKS.
After an admirably rendered selection
by the Hollowbush orchestra. Mr.. Wal
ter L. Parsons, cashier or the Bank CT
Pee Dee, Rockingham, delivered d
brief address IN Competition Among
Banks which he exploited by showing
that competition among banks may be
|either legitimate and beneficial. o. ex-
I~cessive and hurtful. He summed up ty
demonstrating how bank competition
Imay be confined to its legitimate
sphere: First. by a good understand
ling between those who manag banks;
second, by attending local and state
associations where experienced men of
other institutions may be met.
After another enjoyable selection by
the orchestra, Mr.. T. w. Dewey.
cashier of the Farmers and Merchants
bank, of New Bern, in a thoughtful and
practical paper discussed Exchange
land Collections"
Mr.. S. T. Peace, secretary arc
treasurer of the Oxford Savings bank,
read a paper on the necessity and de-
STABILITY Of "A Southern Depository
land in connection with his subject
urged the establishment of a general
clearing house for southern banks east
lof the Mississippi. He urges that if
1.-THE bankers of other states do not CO
Ioperate in the matter, the banks of
North Carolina shoul unite in this
matter.
All the papers were Of a superior or
der and were appreciatively APP
Iplauded.
3 p. m.
CLOSING SESSION.
The association reassembled and the
first thing on the programme was an
liable and interesting address by Hon:
lF%rankling Mcneil of Raleigh, cheirrlan
lof the North Carolina Corporation Com
mission. His subject was Work of the
North Carolina Corporation Commits
lsin.' He discussed the functions of the
commission, which are three-fold-to
regulate railroads and telegraph lines;
regulate taxation, n to supervise the
banks Of the state. He fully explained
1.-THE law and detailed the methods and
work of the commission. His address
Imet with high appreciation and hearty
applause.
The last p was by Mr.. Lee H.
battle. formerly of Wilmington, and
now cashier of the City National bank
Iof Greensboro. His subject was THE
Bank and its Depositors-Their Duty to
Each Other" and it's was a paper that
was excellent in its scope and admira-
presented. Mr. Battle defined
Thank" and depositor and made the
Isubject specially interesting for his
hearers. He discussed the duty Of
banks to their patrons in the safekeep-
ling of their money, the use of the latest
land most approved methods and best
facilities and by prOmptness n cor
Irectness in all transactions. Another
duty of a bank towards the depOsitOrS
lis to treat them with liberality, giving
due consideration and preference IN
igranting loans. and following up the
idea of reciprocity in dealing with
patrons. Among other things he said:
1T is the duty of the bank to foster n
encourage every legitimate business en-
~lterprise of merit and stability, be will
ling and ready at all times to loan them
isuch sums of money as their business
land responsibility Will justify, for it is
Iby the u~pbuilding of such enterprises
prosperity. The growth and e~Xpension
built, the growth n development OF
(which enureS to the benefit of the bank
land brings it increased business ana
prosperity. The growth and eXpenSiOn
iof our state along industrial lines dur
ling the past few years, has beer and
lis now a source of pleasure and SraJif-
lcatiOn to us. n a subject of wonder
land admiration to the country at large
II believe that our banks have been q,
igreat factor in this work of develop
Inent and it cannot be denied that they
have shared in this prosperity. It de-
wolves upon US. therefore. to continue
1.-THE use of our services IN this Girec-
ition. extending a helping hand to ad-
Vance the best interest of our people.
land who viii dare to rise up ana place
la limitation to the bounds of our pro
lgress?" Mr.. Battle concluded his pap5r
with discussing the obligations Of a de-
lpositOr and upon his conclusion the
bankers gave him very fiatterlns APP
lplause.
APPRECIATIVE RESOLUTIONS.
Colonel John F. BrutOn, Of Wilson,
chairman of the committee on resOiu-
Itions. submitted the following export
land the same was unanimously adopted
by a rising vote:
Resolved, That the thanks of this as
~tsociatiOn are due and are hereby ten
ldered to the Chamber of Commerce
which has contributed so much to the
real pleasure of the bankers at this
session. The excursion down the river.
1.-THE luncheon and general entertainment
will be long remembered. The commit
Itee who served the chamber have left
nothing undone which could have added
ito our pleasures.
To the Wilmington Messenger and
morning Star this association make Its
lgrateful Acknowledgements for the ad-
Imirable reports of the meeting. Will
ImingtOn IS to be congratulated upon It's
peculiar advantages in having such su-
IperiOr newspapers.
This association acknowledges It's in
Idebtedness to the following on account
tnT bani+aIirfac nvtnnla1. VO1In~ Man,