Omaha daily bee., 1905-10-25
DAWES Is NETTLED
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is so dellcately constructed that the least
adverse breath sometimes creates sus-
piclon and often injury, not only TO the
BANK, but 70 the depOsitors Why. then.
should not the bankers Of state organize
and say in no uncertain way that bank
snail be like Caesar wife, absolutely above
suspicion, Defore u shall nave the endorse
more serious than bank failure. There
may be multitude OF failures In other
little notice OF them, but let bank fail,
however small and insignificant the fnsti
tuition may be, and IL is emblazoned to the
world In the blacklist headlines. In a meas
ure confidence is shaken and all banks,
however ably, honestly and conscientiously
conducted, sufter Unjust as this may
seem 20 be and Is 20 those who are con-
ducting their institutions, whose honor and
integrity are as sacred to them as their
own family, yet IL Is not wholly Without
reason when one calls TO mind that about
every 50 often a defalcation or failure oc-
ours which startles the world.
l cannot see any reason why the bankers
Of state cannot organize along the same
lines as the clearing houses in our great
cities for their own protection as well as
the. protection Of the deposition, and 1 firmly
believe this will be the ultimate end and
object of bankers associations. Every good
bank welcomes publicity and feels that the
money paid the examiner is we'll spent II
the examiner only does his duty and Is
rigidly conscientious in his examination.
| can see no good reason why good bank
a
fore being admitted into the association.
can see no good reason why this associa-
ton or any other association should not
stand back Of one OF its members when
in trouble II the trouble is legitimate. l
can see no good reason why this associa-
ton should not take hold OF a bank. which
is known to be doing q reckless business
and persists in keeping outside the we'll
beaten path of conservative banking, be-
fore it fails and Injuries the community
in which IL is located or casts reflectlon
Of discredt and distrust on the entire fra
ternity. The ultimate end OF bankers as
soclatiops in this country must be: or or
our system of In pendent banking into
solid. compact lie, without in any way
destroying the individuality OF lnoePehoesn &c
of any OF its members. The evolution OF an
association of this kind Will necessarily
be slow, but II will surely come II every
step taken is for a closer union of bankers,
not a combination of banks to scheme for
greater profits, but union OF bankers VINO
realize above all else that confidence, aoso-
lutte honor ana integrity Is taetr CHIEF as
set and represents far more than the capt
tai and surplus or big totals as shown IN
their published statements;
All the criminals In christendom DO not
injure the profession of banking as much
as the banker himself who goes wrong.
The banks OF Nebraska, he said were
never in better condition. The number upon
the hospital list is remarkably few and
they are fast getting into line. There has
not been a national bank failure in the state
since November 4, 1898, within the past
year there has been but one bank failure
the Elkhorh Valley OF o'Neili, due TO dis
honest officials.
Delayed In Opening.
Late trains delayed the opening of the
session an hour. At 1885 President Trenery
called the association to- order and intro
duced Rev. j f. futile, who delivered an
appropriate Invocation in which he invoked
the blessing of prosperity upon those bank
ers who toll honestly. who have high
sense of the moral Law and who appreciate
their personal responsibility
Mayor Brown welcomed the bankers in q
! neat speech He POINTED out the various
things OF which Lif,eein is proud, told Of its
low taxes, its splendid homes. detailed its
experiment in municipal ownership and the
profits therefrom. He called attention to
| the small police force. but extolled its wis
dom, particularly in having the Wardens'
association meet here at the same time as
the bankers. so that they might meet past
or future friends.
Or. p. L. Hall, on behalf Of the Lincoln
bankers, followed with another address OF
welcome He called attention to the great
prosperity Of the state. of the realization OF
the dreams OF the pioneers and the wonder
! full development Of the commonwealth. The
banks OF the state now hold over SlOO,OOO,OOO
in trust, and he thought the bankers ought
to warn their customers of the dangers of
/ debt, the deception that lies in equity and
! impress them that land Is only worth what
Il pays In dividends, He pointed out that
the exposures of graft and the methods OF
finance in the east had proven Nebraska
TO be the real center of conservatism and
safety.
Julius Beckman OF Fremont gracefully
acknowledged the welcome extended, and
on behalf OF the association said some nice
things about the hospitality Of Lincoln.
The reports of the officers showed that
the association has membership OF 572 out
OF 6s1 banks in the state an increase of 1eS
in the past year, The financial condition
was reported excellent. and the executive
council reported against incorporation OF
| the association.
|