Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1906-05-24
CENTRAL WISCONSIN
BANKERS GATHER HERE
Representatives OF the Various
Banking Institutions OF Central
Wisconsin Meet to Perfect
Ur9aniZatinn.

banking business OF this sector
OF the commonwealth, and te
perfect an organization to BE-
known as Group No. 6 of the
Bankers of the state.
This association includes the
Banks in Central Wisconsin and
is an auxiliary primarily, to the
larger association of the Wis
consin State Bankers. The
primary object of the auxiliary
is to cooperate with the state
Association in the manner Of
committee cooperation.
The meeting was called tic
order by Cashier Earle Pease, Of
the First National Bank of this
city, at IL O'Clock Wednesday
morning. In calling the meeting
to order Mr.. Pease stated the
object of the organization, and
the purpose for calling the mem
bers together. The remarks
were brief, and to the point, and
elected applause.
The preliminary organize cior
was perfected by the unanimous
election of Earle Pease, of this
city, as chairman, and w. F
Collins, Cashier of the Wisconsin
State Bank, of Stevens Point, as
secretary. On the passage of a
motion that the chairman ap-
point the committee, Mr., Pease
announced the following:
Nomination-Smith, Maier,
and Zimmerman.
Constitution and By Law
Wood, Mcdonald, Getchel.
Membership-W. F. Collins,
Chas. J Kenzil.
Mayor Wheelan, who was to
have delivered the address Of
welcome on the part OF the city,
was unable to be present, and
City Attorney ]. J. Jeffrey ex-
tended to the visiting bankers a
cordial welcome and turned over
the keys of the city, telling them
they could carry away any por-
ton, or all of it, if they choose.
Mr.. Jeffrey stated that the
people of Grand Rapids were
proud of their city and its bust
ness institutions, and he was
sure that the visitors would
have a better opinion of it as a
whole when they should be
through with their present visit.
The address of welcome was res
ponded to by cashier J. W. Dun
cyan, of the First National
bank, of Stevens Point. Mr..
DUNCAN prefaced his remarks
with one or two pithy little
stories which elected a merry
laugh from the visitors. He
stated that the bankers of Cen
trial Wisconsin had been con-
templating this visit and
convention with much pleasure,
not alone because it gave them
an opportunity to meet each
other and discuss matters of
business Importance, but also
for the renewing of old friend
ships. Mr.. Dunegan praised the
city and it's industries and
thanked Mr.. Jeffrey for the
welcome he extended on the part
of the citizens OF Grand Rapids.
Cashier Geo. D. Bartlett, of
the citizens State bank, of
Stanley, was unable to be
present at the meeting, but he
had prepared his paper on Co
operation by the banks il
placing Burglary Insurance,
Fidelity bonds and cleaning Time
Locks" and sent it to Cashier F.
]. Carr, of the bank of Hudson,
to read.
The writer recommended that
the Bankers cooperate in get
ting the lowest possible and uni
form rate, on their Burglary In
surance, Fidelity Bonds, and on
the cleaning of their time Locks.
There was manifestly a wide diff
ference, and no uniformity in the
rates to the Bankers at the pre-
sent time. Of course a higher
rate for burglary insurance is
Just1table where the safe is moth
ing more than a cheese box, but
there is no justice in charging
the banker who has a good and
reliable safe, a higher rate thanis
gwen his ne1ghbor who has only
an excuse for a safe. The writer
recommended that the banks in
this state unite to secure a Just
rating along this line. Likewise
there is no uniformity in the
premiums charged for the bond
ing of Cashiers. United action
looking to uniformity in this
direction was also recommended
The policy of the Bankers OF
Missouri along this line was
recommended. He recommended
that the banks of the state like
wise unite, and employ one com
pany to do the Time Lock re-
pairing, so that a regular route
might be laid out and a saving
be effected by the reduction of the
travelling expenses of the experts