Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1906-05-31
Banks In Good Condition.

suit.
Banks In Good Condition.
'"The banks of the state are In better
condition than they were q year ago
and can see nothing in the imme.
date future which will disturb the
banking interests of Iowa. What
might have proved a disturbance
caused by the insurance money to be
sent to San Francisco, has been in q
large part averted by the action of the
foreign insurance companies in pay
ing the losses sustained by their
branches in this country from the
parent institutions, thus leaving the
funds Of the branches intact. It Ia
probable that interest rates may be
somewhat higher because of the fact
that money, which is the property Of
the insurance companies will go t.
San Francisco and in this way be
taken from competition and from loans
with the money In the Iowa banks
Following Mr.. Carroli's address
short talks were made by the follow
ing visiting flnanciers: Kent Fermen
assistant cashier of the Cedar Rapids
National bank; John s. Broeksmit, az
sistant cashier of Merchants National
Bank, Cedar Rapids; Hon ]. 8. McKem
ey, vice-president of the Iowa State
Savings bank, Fairfield; G. r. Emery
assistant cashier of the National Live
Stock bank of Chicago; w. g. Edans
with the Central Trust company Of
Chicago; G. r. Baker Of the National
Bank Of Commerce OF st. Louis.
The Bankers Present.
The following visiting bankers were
present yesterday: G. e. Lafland, r
X. Davis and H. H. Harold, Oska
loosa; F. M. Epperson, Eddyville: F
R. Crocker, Charlton; G.. r. Emery
Chicago: B. D. Helcher, Keota; F. D
Snakenberg, Sigourney; Kent Ferman
Cedar Rapids; J. T. Brooks. Hedrick;
j. R. Mackay, Sigourpey; H. M. Bost
wick, Woodbine; w. G. Edeps. Chi
cago: H. T. Blackburn, Des Moines;
j. S. Broeksmit, Cedar Rapids; Geo
R. Baker, st. Louis; F. L. Warder
Farson; A. J. Davis, Sewall; l.. s. Col
Inns, Knoxville; B. P. Cashier and L
T. Richmond, Abba; o. D. Wray
Bloomfield; w. H. Young, Hedrick; q
F. Carroll, Des Moines; w. j. Steckel
Bloomfield; H. L. Stevens, Floris; Zat
Sylvester. Farson; J. e. varnum
Eldon; f. H. Tinsley, Hedrick; G. F
Carson, Floris; s.. F. Mcconnell
Bloomfield; J. S. McKemey, Fairfield
e. l.. Root, Delta; w. B. Lutz and D
w. Bates, Abba; e. B. Kirkendall
Douds; H. G. Taylor, Bloomfield, ant
w. R. Lacey, Oskaloosa.
The local bank officers and director!
present were: F. M. Hunter, j. B
Mowery, J. H. Merrill, q. T. Edgerly
G. H. Merrick, J. B. Dennis, w. g. wy
man, Frank Won Schrader, w. B. Bon
nifield, Jr., F. D. Mckee, Frank Nc
Intire. A. G. Harrow, M. Bannister, II
S. Merrick, F. w. Darner, w. III. Keat
ing, w. A. McIntire, O. e. Hedrick,
H. Harper, Carey Inskeep, B.
Brown, r. w. Funk, B. W. Searle, j
L. Hartman, e. Johnson, ]. B. Sax, w
T. Hall, L. A. Andrew, L. e. Stevens
D. A. LaForoe, ]. w. Garner, JOSEPH
Dain and J. j. Smith.
Election Of Officers.
At this time the election Of officers
was held; Senator J. r. Brooks Of He'd
rick was reelected as chairman AND
L. e. Stevens Of this city, reelected
Secretary.treaSurer both by acclama
ton. The chairman was given powe,
to appoint the executive committee
selecting one member from each coun
ty in the group, according to the estab
lished precedent.
Following the election Of officers
reports were made of the banking sit
uation in the different counties repre-
scented, by the following speakers:
R. Mackey. Sigourney; G. q. Lofland
Oskaloosa; L. T. Richmond, Abba; 8
F. Mcconnell, Bloomfield, w. A. Nj
Intire and j. C. Jordan of Ottumwa
Following a few remarks made b,
Chairman Brooks, the convention ad
journed, having first given a unani
nous vote of thanks and appreciation
to the Ottumwa bankers for the enter
tainment of the group. The commit
tee of local bankers In charge Of thu
arrangements for the convention wal
composed of L. e. Stevenes, J. G. Jor
dan, w. B. Bonnifield Jr., and l.. A
Andrew. The committee presented
the flowers, used to decorate the tables
to the Ottumwa hospital.