The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-05-16
BENEFITS THE WHOLE STATE.


will all be vain and futile.
BENEFITS THE WHOLE STATE.
The whole State has an interest in
the meeting of the State Bankers AS
sociatjon which will be held in Win
ston-Salem this week. Every inter
est and industry in the State is in
close touch with the banks. The
bank is to a community what the
heart is to the human system,-il
sends blood coursing through every
branch of trade. The business and
manufacturing development of the
State have been fostered and helped
by the careful banks, and in turn
they have made the banks strong and
increased their usefulness.
In banking. character counts. Il
counts everywhere, but there is nc
business where it weighs more than
in banking The Federal and State
governments enact wise laws and put
i'm operation the best system Of super
vision that human wisdom can sur
vive, and yet the depositor thinks
more of the character of the bank
officials than of all the laws and SUI
pervision He knows that a dishon-
est man can evade the laws Ions
enough to steal his money, if he is sc
minded and he knows that no inspec-
ton can be devised that will always
promptly detect the tricks of dis
honest bank official. Therefore he
looks to the character of the men in
charge of the bank.
Occasionally there is a crash.
sensation, and we read that some
bank official has gone wrong" But
it does not happen often. 1t is an
event that occurs so seldom that il
makes a sensation, and in nine times
out of ten the defaulting official has
been specializing with the banks
funds, and in some instances the di-
rectors had reason to believe that the
defaulter was specializing or was
plunging too deeply into risky bust
ness ventures. No man ought to be
permitted to hold his position in q
bank who has the determination tC
get rich in haste. When a man has
his heart set upon getting rich quick
he ought not to touch the funds OF
other people.
North Carolina is fortunate in the
character and in the reputation they
have at home and abroad. They viii
be at Winston-Salem in full force and
will be serving the whole State as they
evolve better systems. AS showing
that the whole State is interested in
the Bankers Association, we quote
the following from an Interview il
the Charlotte Observer with Mr.. c. \
Evans, of Charlotte, secretary of the
State Convention of Bankers:
1.-The North Carolina Bankers AS
ISOLATION has proven its usefulness tC
the bankers of this State, and its
benefits have extended to every direc-
tor stakeholder. and depositor IN the
State. It's committees, through alert
watchfulnesS and wise counseling be-
fore the Legislature, have prevented
much harmful egiSiation-while oil
the other hand useful and protective
laws have been made at their sug-
gestion. There is a bureau through
which it's members are furnished the
best legal opinions concerning many
technical questions which arise, anc
many bankers use it regularly. Yes
the association benefits the entire
State. L venture the opinion that the
speech delivered in New York las
september DIT the american AsSocla
lion, by Mr.. James G.. Brown, prcSl
dent of the Citizens National Bank, o
Raleigh, has done more to direct The
eyes of bankers and capitalists al
over the United States to North Caro-
lima and her resources than any
speech ever before made about the
South The Observers recent article
concerning the immense value of the
strawberry crops around Chadbourr
was the first intimation many of oul
own people had of our resources alons
that line, for your article was COPIED
and commented upon. Well, Mr.
Brown before nearly three thousand
bankers and monied men. said: From
that immediate section, referring t
Chadbourn), during the last season
the shipments of truck and the net
cash returns were: 54S,7O9 crates o.
Strawberries, of value, $1,097,418.00
100000; 1861 packages o.
beans, etc, of value. SIG, $4,000; H..
443 crates of dewberries. of value
$22.SSS6.00: 10000 barrels of Irisf
potatoes. of value, $225.045.00; 90,91t
packages of cantaloupes, of value
$136,37000. Total value, $1.718,269
And all this from lands that but {
few years ago We're considered worth
less. The shipment of strawberrie:
alone from this section would require
a train of loaded cars eight miles il
length. Ten thousand copies of tbs
proceedings containing this address
have been distributed all over tn,
United States and abroad"