The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1906-07-17

berg Is protected by 5000 surety
bond, and 81 for each lock cleaned is
turned over to the association by Mr..
Sundberg for the purpose of creating
guarantee fund to further protect
our members from loss In case of lock-
out. etc. Mr.. Sundberg has so far
cleaned about fifty locks and has Or
ders for large number to be cared
for this fall. With your cooperation
the plan of having this work done by
North Dakota expert. at q cost of
about one half the amount we have
heretofore paid, will be a success. A
copy of the contract and bond with
Sundberg & Co., will be printed In the
proceedings of this years convention.
A careful perusal Of this contract will
convince you that our interests are
more carefully protected in this mat
ter than ever before.
At the last convention a resolution
was adopted urging members to place
fidelity and depository bondsaand bur-
glary insurance through the associa-
ton, and you have been requested at
various times during the year to send
application for this class of insurance
to the secretary's Office that the asso--
citation might have revenue from the
commissions received from companies
writing the business. You have not
responded to these requests in a very
liberal manner. $115,500 Of fidelity
and depository bonds have been placed
through the secretary's office during
the year, and $4,000 of burglary in
surance from which the association
has had revenue of $166.69 in COM
missions with a few premiums I'M
paid which will increase this amount
some. Renewals for business al
ready written will undoubtedly be
made each year so that the associa-
ton will now have q permanent in
come of nearly 5000 per year from
business already on the books and
with your cooperation, this can be
largely increased from year to year.
The state association in Missouri
had an income for the year 1905 from
bonds and burglary insurance written
through the secretary's Office. of ST.
2S4.57. With this amount at their
command the protective committee of
the Missouri association is able to Of
Ter liberal rewards for the apprehen-
sion of criminals. $500 is offered as a
reward for the apprehension of bank
burglars and from $50 to 500 for
minor offences. AS result of this,
members of the association in Mis-
souri, are remarkably free from losses
by the operations of forgers, check
raisers and burglars.
Our association has now reached the
point when 1t is of vital Importance
that standing committees be appointed
to take up matters of interest and
Importance. Information should be
gathered by these committees during
the year SO that at each convention re-
ports can be made after careful. and
thorough Investigations of the sub
Jects In hand. Reports of this kind
Will be Of great interest. A standing
committee on taxation has work laid
out for it by figures and statistics
which will be given you in a report
which has been filed by Mr.. Cathro.
A strong legislative committee will
always be able to do work of vital i'm
portance to the financial interests of
the state.
A permanent committee ON member.
ship will have for it's consideration
and elaboration the fact that 211
banks IN the state are not vet mem
bers of the association.
Committees having in hand such
subjects as burglary insurance, fitiel-
ity and depository bonds, insurance of
oank deposits, a state clearing house,