St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1906-03-14
Bankers in Session.
.auuuaI M Getting AtHaie's Tavern,
Wells River.

association, Richard I. BAKER, Jonn +.
prf.r Col. Charles W. Ruiter, Wilbur F.
ro,r and Roy N. Howard. Two Others,
Dobert Mackinnon and Arthur F.
Stoue also attended as guests OF the
Isolation, At the business meeting
h.tore the banquet these officers were
.I.cted. President, W. F. Thayer, Con.
,o,d, vice presidents, John L. Bacon OF
White River Junction. and Arthur T.
rass of Tilton; secretary and treasurer,
" ". Russell, White River Junction; ex-
.,utiye committee, W. F. Thayer of Con-
,ord P. A. Johnson Of Newport and R.
. F Smythe of Plymouth.
AIS o'clock Mine Host Hale announced
that the banquet was served and 81
bankers and their invited guests did full
;pstice to one of the best banquets ever
served in this popular hosiery as the
allowing menu indicates:
Oyster Cocktail
Cream of Chicken
0ussn Olives Celery
Il Penobscot Salmon. Butter Sauce
B rsrumbers French Fried Potatoes
4 Fillet of Beef with Mushrooms
a Boiled Potatoes
Bankers Punch
Vermont Turkey, with Jelly
Venison Pie. Tavern Style
c-,su Peas Mashed Potatoes
'''N Waldorf Salad
Fruit Jelly Strawberry Ice Cream
8Angel Cake sponge CAKE
4 Toasted Crackers
"A Roquefort and Edam Cheese
Y Back Coffee Cigars
& Music was furnished through the
4 supper hour by the St. Johnsbury Orches.
4rra Of seven pieces and the tact that they
NTae frequently applauded shows how
&vel their services were appreciated. Mr..
Hastings secured for a cello player. Mr..
n Lund Of Sherbrooke, whose sweet music
2on genuine Cremona added much to the
Norhestra's success.
n Ito o'clock President Boynton rap
bid to order and in a graceful speech
&welcomed the association to Hale's
Malvern.
Miss Adine Hale favored the audience
# WITH two selections, her rich soprano
Voice being much enjoyed, and it was
grsatly regretted that she could not
respond to an encore.
The principal speaker of the evening
h Sas James Mackinnon, general manager
& bithe Eastern Townships Bank OF Sher-
$brOOke and he was received with pro-
orged applause as he arose to speak.
III had come all the way from Vancouver
10 meet this engagement and spoke for
$ bOut 30 minutes on Canadian banking.
ie said the great expansion of the
Ountry presented many problems to the
S Canadian banks and mentioned as the
ktquistes oil a banking system its
uuency, its ready convertibility into
pscie, and its elasticity. A bank should
Furnish the necessary machinery that
would be useful to business men and
frait, and at the same time be bene-
tito the depositors. Hethen briefly out
s. rsd the laws relating to banking and
poke in detail OF the system of branch
parks that prevail all over Canada, his
5fank having over so branches. He also
Explained the methods OF bank inspec-
hon and contrasted them with govern
q nent inspection in the United States.
Mr.. Mackinnons address was closely
stened to by all, as it was the first time
that the association has ever entertained
81 Canadian 6nancier. Miss Luvia E.
Mann Of Woodsvile, followed with a
sw rotations which were heartily
pplauded, after which Alvin B. Cross OF
concord N. H., read a paper on high
grade municipal securities. Ia closing a
carefully prepared paper Mr.. Cross said,
And after you have exhausted the list
and decided upon bond that will stand
lndarmed under any condition of the
aarket; that will not be affected by any
lIancial or industrial disturbances, or
whether the republican or the Demo
NIatie party is in control OF our national
mars, or whether protection or free
Nsoe is the American policy OF revenue;
'l whether free silver or the gold stand
lu prevails as our financial policy; or
%uttner the railroads of our country
ualI be allowed to establish their own
a'es and run their own business or shall
: controlled by an appointed commits.
;Ou; you will select a high. grade NUM-
Psl POND, because it is the best there
= anu mas the strongest financial back
si "nicn is, the property, the credit
alu Inc population of the entire com
fn1hlty bonded"
non Carroll S. Page OF Hyde PARK
,,I: with short and crisp speech
iu'Cu was very well received. He tolt
; "a ultfn oers that he was generally con
at I'r crank in financial circles becaus,
?slieVed bank should be managed
hol1ers last. W "
"len accepted the presidency of thu
umole County National Bank" sale
n.. SPEAKER, Il had been director in the
bo oinutlon 10 years. The management
mr.a Iot pleased me and so | expressed
nysei'' | had certain ideas of nv owl
n ur;s suese ideas have carried into effec
lsn '."g the II years l have been presi
yoo ' me capital Of the bank when
ecos suose1 president was $150.000. Or
he Communication un! of our former cashier
#Tb..S apltal was reduced to 500, 900
atr. . year got charter from the Legis
#Bvdae d 70 establish savings bank il
oa nt a. ark 1t had been impossible tc
TodotHu e money we should have loaned
onnty Inc three banks in Lamoillt
l Ky nave nave approximately assets o
e,s ' 49, and with the exception o
Eille ' bal, 800 900 loaned by the Morris
oare yan t In the West. every dollar il
Joint lying W." the matter from my stand
hat ,Ir TINS great change, my theory i,
#hrasssd1 at little proverb can be para