The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-06-20

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4 Important were the recommendation
made to the Minnesota Bankers asso-
citation today by President G. w. Gress,
in his annual address. Among these
were: Sufficient time for national
bank examinations; salaries for exam
4 iners; more examiners, more funds and
tenure of office free from political in
huence. He commended State Exam
liner Kerst and urged the increase of
his deputies to six; an appropriation of
100000 for the department, and two
examinations year. Supervision of all
banks was demanded and the appoint
ment Of a committee on taxation Of
banks was asked. He suggested that
the limit for farm loans be increased
from Is to Is per cent Of capital and
surplus.
The seventeenth annual convention
of the Minnesota Bankers association.
the largest in it's history, was called
to order at 10 am. in the pavilion,
Tonka Bay, by President G. W. Gress Of
president read his address. The report
of the executive council and secretary
was read by Joseph Chapman, Jr., Of
Minneapolis, and the report of the
treasurer by George II. Prince of ST..
: Paul. ......, ~-. H..
Bank Clerks Debate.
The, feature of the, morning, session
the bank clerks Of Minneapolis
and St. Paul for a silver cup
presented by the association, and
which was won first by, st. Paul.
The question was: Resolved, That
the National Bank Act Be So Amended
| ~ Mo- Il Is T
, on Real Estate Security -.
J. G. Maclean Of the Security bank
: and Lyman E. Wakefield Of the North
3 western National represented Minneap-
8 oils and the affirmative. G.. M. P. Prid-
+ ham of the Second National and G. A.
, Pearson Of the Merchants National
, represented St. Paul and the negative.
The debate was won by the Mime
apolis debaters, giving the local chap
P ter possession Of the prize cup for an
other year.
~ The afternoon session was devoted
entirely to business, reports of commit
tees and groups, with the ELECTION of Of
I late in the day. The afternoon closes
4 with the third Of a series Of baseball
games between the Minneapolis and st
r Paul chapter mines. p
= : A lecture By Lafayette Young, editor
t Of the Des Moines Capital, member Of
j the Secretary Taft party which recent
y visited ID the the Philippines will b tn
be followed by an informal Dutch lunch
y con prepared by Colonel G. H. Godfre'
t at the hotel. .-..-. : .'-- -
q ..s-.s. Chapman Reports.
r The report of Secretary Joseph Chap
r man, Jr., was a valedictory, as he hal
u refused reelection. He said the mos
fnof1, NH +ho ho, loo
:. the work of the protective committee
e He stated his firm belief in bankers
b associations, and in the mission of tn
v group meeting. He asserted that bank
g ers were just beginning to realize. tn
e power they can WELD for good citizen
e. e: ship, clean politics and the materia
t, having reached the sixth position
Y. among the states in number Of banks
g he urged that the time had come to pa,
IT more attention to quality and less t,
h quantity. The position taken by tn
o association last year against privat
r banks had been Endorsed this year b.
. the Iowa association, which has owe
400 private banks. ~ ....
q In part Mr.. Chapman said: "W
have now $40 banks, with a combine'
NJ which the CTS members Of the associa
II ton represent $44,992,0OO and the out
T. side banks $2,672,0OO. Of the total de
j.. post of over $200,000,000. the non mem
c. bers have only $7,O00,00O.
ii II have been secretary since Janus
n, ry, 1899, and have seen the associa
n ton grow from an organizat ton of Is
~ members to one Of nearly 700. I hav
le seen the attendance of the group meet
er ings equal and surpass the attendant
~ at the state meeting in my first yea
N as secretary, while the. banks have il
creased from 538 to $40.
q. "The bankers, thru their group
20 have become personally acquainted
OF and thru the state meetings have b.
TT come acquainted with bankers from a
"a parts of Minnesota This Of itse]
IN would more than repay for all the 81
1t forts we have expended in building IL
t. our association. Competition become
Of less bitter and bankers become broade
vi from association with men in their ow
profession. .
IS More time should be given in on
o. group meetings to the discussion 9
good roads and their value to the con
munity; diversified farming; cattl
feeding; growth of mail-order house
and subjects which pertain to the we
fare of our own community, on whic
the banker could exercise a powerfl
r influence did he take an interest i
~ these matters.o
The report of F. E. Holton of Mir
neapolis, secretary of the protectiv
es committee, was unique in that it wa