The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-05-20
=. n. Evans the New
President.
Continued from Page Three.)

partner capital can have is confidence
and with this confidence the new
banker, conscious of his ability to
succeed, and with love for work and
his business, can lay plans for an
honorable and successful career, not
forgetting the underlying principles
of conservatism, prudence, judicious
management and faithfulness to. the
trusts imposed in him.
1.-THE safe-keeping of the money of
the people is a sacred trust, and no
temptation for profits, individual
gain or desire to pose as Napoleon
of Finance, should lead a bank Off
Ger into hazardous ventures and thus
not only jeopardiZe the interests of
the stock holders and customers, but
destroy that confidence which is as
vital to the institution as the reputa-
ton for virtue is to a woman.
For the day may come, sometime
or somewhere, when this confidence
will be the bulwark of his strength.
81 believe that before chartering
a banking corporation, whether State
or National, the business methods,
character and habits of the incor-
porators and proposed managers
should be well Investigated by the
Corporation Commission. Not that
any community or association of
good men should be denied banking
privileges, but because of the fact
that the hard earnings of the poor,
as well as the surplus of the wealthy,
are to be entrusted to the bank s
keeping, and no man should carry
the bag whose policy might be ques-
toned.
you will want good borrowers as
well as good depositors. and while I
believe the majority of men are
honest and will pay their debts, the
moral risk of a loan is one of the
most important features, character is
the basis of all credit, it is back of
the government bond in the loyalty
and honesty of the people; it is back
of the railroad and cotton mill in
honest and efficient management.
eff q man asks you for a line of
credit do not hesitate to ask him
straight questions if you are to de-
pend on his honesty and financial
ability alone for the payment of the
loan, and do not betray his conf
dence. Your knowledge of his af-
fairs confided to you should be re-
garded as sacred as the confessions
to a priest the information of client
to his lawyer or the patient to his
physician, and if it becomes known
to you that any employe is giving to
the public any information as to the
business of your customers, he is
not the man you need or want.
I'm the management of the bank S
affairs, run your own business; do
not let your customers run your
bank and do not permit any cuStO-
mer to have a pull on you, but at
the same time be as liberal with them
;c with five and
safe banking.
"Endeavor to take care of and
sustain the credit not only of your
own customers, but customers OF
other banks in the community when
they are worthy A banker should
be the last man to misrepresent the
character and financial ability of any
man seeking to obtain credit, but
there are periods in the life of many
men which prudent and timely assist
ance might maintain an enterprise or
business which, if withheld, might
result in serious failure caused only
from temporary unfavorable clrcum-
stances.
"Judicious advertising kept within
reasonable expense is necessary and
profitable in these days, provided you
advertise facts
cit is all right to put on your ad-
vertising matter authorized capital
100000 or $1,000,000 provided at
the same time is given the amount
of paid in capital Sometimes you
see the advertising matter Of a bank
circulated soliciting business stating
authorized capital 100000 or more,
but-)not word said about how much
is paid in and what amount stands
for the protection of deposits, when
on investigation the actual capital is
nots over $4,000 or $4,000. l will
not say that it is obtaining money on
false pretences, but it is an unwise
bank ing policy and will miscarry
scorer or later.
II appreciate the ambition of the
new energetic banker of recent years
and the hustling spirit of his efforts,
and | may be too conservative, or too
Fnearly approaching the chloroform-
ing period, but to my mind one OF
the features Of the banking business
which may prove dangerous, is the
present prevailing desire for large
totals" regardless of cost; excessive
rates of interest being paid for de-
posts in order to swell the amount.
TOO much idle money carried at
heavy cost, makes loans necessity
for expenses and dividends, hence toe