The sun. [volume] (New York [N.Y.]) 1833-1916, 1904-09-14

mittee, c. Byron Latimer.. OF the Irving
Sa vngs Institution of New York, read re-
port in which he said that the section dur
ing the year had enrolled sixty-eight men,
bers, making the total membership Gle
Mr.. Latimer's report said further that the
Savings Bank Association in New York
State had done much to help legislation
favorable to savings banks and to defeat
legislation that would have been unfavor-
able, and he urged, in forming such associa-
tons, the appointment OF committee to
look after such legislation.
The subject Of Government savings banks
was discussed in several papers that were
read. The chairman of the section, A. C.
futile, treasurer of the Naugatuck Savings
Bank, Naugatuck, Conn, in his opening
address touched on the topic as follows:
Government savings banks are hardly
one. 1t seems, impossible that any sane
legislator would introduce bill into Congress
bs to do i the bill Would
with an opposition that would make the
opposition TO the United States Bank in jack
son g time sink into insignihcance. Aside from
the fact that such "A bill would jeopardize one
of the props of the Government. there is u
widespread and most salutary feeling ayersc
enterprise.
The subject of the address of Willis s.
Paine, ex-Superintendent Of Banks of the
State of New York, was the postal savings
banks. and. among other things he said;
Paternalism is the road that leads to social
ism. And this paternaiisn. Is the prod
nes 81 nHa T "a MaSs
denominate "ths Government" ID troubling
Itself matter a waeh shoad pe
way. A proposal, to establish postal savings
banks is part and parcel OF the theory that
affairs Of the people, reducing the powers Of
the, State and limiting the expression , and
il has been said that the people must be
taught to save. 1t has yet TO be shown that
establishment OF peculiarly Governmental
institution any more than they can acquire
their religion in this way The pe9HRIiis ear are
habits the practice OF which condute to
thrift.
P. LIE Roy Harwood, treasurer of the
Mariners Savings Bank of New London,
Conn. discussed the value to savings banks
OF advertising, He said:
How is the savings bank to regain its par
TALLY lost prestiee? By abandoning the
threadbare argument: We cannot adver-
tisc," which does not mean that ii IL to sban-
to place itself before the citizen in its true
his sole benefit. The method of conducting
an educational campaign, II we may 50 term
IL, must, OF course, De ntted 10 local conoltlonS
1t should not only impress upon one the
value of saying money. but 1t should enpha-
size the value Of doing 1t regularly, system
atically. After the value Of saving has been
well inculcated, the safety OF savings accumu-
lations should be taken up.
Many bank men imagine that II financial
institution departs from the old way of adj
vertisinE IL loses dignity. This is not go
where advertising g done properly: Or
avoided; Ar. advertisement can be original
and still be clean and terse. A savings bank
advertisement should be thorough gentle
man in the advertising population.
FINE NEW PANK INSPECTED,
Many of the visiting bankers accepted
the Van Norden Trust Company's invita-
ton to inspect its new home at Fifth avenue
and Sixtieth street last night The COM
pany's officers and directors gave a recep-
ton to depositors and stockholders and
the out of town bankers, and following a
supper at o'clock the big building was
thrown open for inspection.
The banking offices and vaults take up
the first floor and basement. The eight
floors above these are to be leased as apart
ments. The banking quarters are finished
in marble and are completely planned
for the nsaction OF banking business.
The Van Norden Trust Company is one
of the newer of the city's trust institutions
and is the first to establish home Of this
character. Its capital and surplus is
81 900 600. Among the directors are Warner
Van Norden. Warner NJ. Van Norden,
president; William F. Havemeyer, Thomas
P, Fowler and Charles w, Morse.