Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-10-12
Open Their 3Ist Annual
At Washington
With Over 1000 Members
Present and More Conf G.
Pres. RoOsHelt's Name Applauded as Sig.
nlfying the Real Honesty.

with more than 1000 members present.
Stunning during the invocation of the
li"V. Dr. Mckiu, the bankers repeated
the words Of the Lords Prayer at its
cuncluaiOn. Welcoming addresses were
inuG. by William joy Edison, president
Ci tir local bankers Association ana
Commissioner Mcfarland Of the dis
trict government. The bankers ap-
pItuicl the mention Of President
I;aus,yrlt's name as signitying pacific
honesty. H"Sp"ndiIg to the welcome,
President T.. W. SWinney of the ASST
,i.ttinI. declined the keys of the city,
ON behalf at his brother bankers, to
keep their regulations invi"late should
things be missing after they had gone.
"iVr have rdus" 10 congratulate our
selves, ljpon the abundant evidence. that
th, PAST y.tir has been III th'- mann mark
"a nv prosperity i'll an lines of business
ana comparatively trW bank failures nave
occurred. All such periods nave. hnW"V-
cr, Irudu"d 4 feeling 81 "N"f-r''ii!d'hr"
and l.d to the irEitInS of Hn"uuid INDUS
frlIl enterprises. Tht. few bank lalluryS
ut the PAST year .rr" mostly II i""hl" To
excess loans mad' t" such enterprises or
riirlr IRA meters.
tn, present statutory provisions Of tn"
national banking act limiting loans To- amy
on individual. hrm nr corporation I" T.
pr ctut. Of tn" capital STOCK 81 the lena
ing bank, seem IT, ~. ln:d'uutt". would
recommend !, rlang, IN thr hankinE iA"],
r. ,,iti .,',d snrnl,1s II, nn
mdividuaI. HIN III rnrnmrltinm. nud yro-
via" sutahl" pcn;' tiles for amy bank Nin
latng TIM law. At til" sam" time ! would
rl,, r',i i,' ,,,mI1trI, r Till
,,ttr.n,.y md he not thereafter .,IIowcd
t. he in any way impaired under tl" m
I",.Et!l?S ana c"idiii"nS ?S h'm II
..'rh.s,. Entertainments would tend to r"
move tho incentive I" Excess l";,n5 ana ~,
'I-r pI"Ei'lr II h',E,I .l'i j., .,f, fIW
,.,Ii'I md ,iniii,tI,.~. Would b,. otlr,,d. \
inu-a NOR" serious ahls'' lies ~ tilt NOT
nirlrucnt h'iS ~ Hl!"%HL ",,' IN , -
.ImNn ,t t1,nt's funds IL III TIL
observable fact that il I great number q
TANK failures h'n, rt%inss l" "t''I n hirf
,.,I,,..rg \ M, blmk. for large l"lns-fre-
su!riiIv without amy security at all. or
with straw S"tutili'S. WHICH P''NO" ~
...Ii,., il. =, most nagrant and rcprchcn<i
bI ,.inI:finu If lars, to say nothing of
business riPh[. IL Is thc 'Ss,it, y, ,iit,.
Sol.,' f. ,I,,' f,m,i.,n,ntil concrptinns that
SIrrG officers are the chosen guardians 81
truSI tTnd. y "lrhs WIZ III M,"c
t"Hll 'lna amI iInuii' IL" W. eiIII,i ira
"n''.r,-s NJ .lrlI vigorously witE tE"4.
.hus,s. is prnunuIciag them H~ frI"hs
a L. In NIX
,'r7 ,'l@n,.i:tirns 10 take this matter 10
f"rr iI"ir resi-, tive state I.'I'-ia ur'S
>" ~ I" '1inr"i Il"'',tt,h WI. MI;' Irn,rr
49,, If rr,nri,.tv
',nn Inc ,v,r-Ir,#cnt question Of thu
coHtryS rnrr"nry IE1t,m. t"'S ;SI [.r,.
a ar,,' W. ali agrrc that 'puaIit>' and
"'g'ntiN com iifl, lar5,y . tmI"TT'
MI. i.,, t.,r..,,- assured ~ currency ir
th.. world rr-te On ! more firm and -"l"i
inuudatiun t"!iH tlEIu r".S "ntS. III, Mn ii,
um Till; n.trnt ana Eventually 4, cSivr
''imInriorS dii'r HS 7" thr l"'i,i
m' th"hS q "SSl' III r. III ,,',,'i,m, ,l..ti,.
WIZ ,t ,.t,,,.,I,I,, If ult ,rinr ulmiIrl ttlu..
Asset CUR, ncy' ana '''n'' REGENCY cWrrn-
.N are terms N'' ':'l",hlr ct 'N'ri o., n''l-
mon. II ~ "'' ,,,,I r.,,. tn tread In
',.,i,j, nm nus Question let us r"t emit
late the form nor arr = tie t" ourselves
in wisdom "l tm. In't :, '',' W., .I,
Y,N" niti.t"'" iIt IN G.,,im,r ,,,.. ,,,.,d
~ III = Hi! ! i,., Hi ..,,,tI-,,, III i. T,,,,.
az ''f l''trir '