Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1907-06-28
WITH THE BANKERS.

The seventh annual convention OF
the South Carolina Bankers associa-
ton, met at the Hotel Seashore on the
Isle of Palms, Charleston last Wed
nesday, and the members have been
enjoying themselves greatly with both
business and pleasure.
! The association was welcomed by
Mayor Rhett, president Of the Peoples
| National bank in an appropriate ad-
dress, and was responded to in a hap
py manner by Col. Leroy Springs OF
Lancaster, after which Mr.. w. ]. Rod
dey, president of the National Union
bank of Rock Hill, delivered his an
nual address.
President Roddey's address was
able, thoughtful, business like, and pc
culiarly appropriate not only for this
particular occasion; but well worth the
heed of prudent business men else
where. An outline will be Of interest
In the first place the speaker would
not assume to tell his hearers anything
that they did not know; but merely to
remind them Of things that they had
already been taught by the history OF
banking In the past and by their own
experience. He called attention to the
fact that there are no new laws OF II
nance; but all the old laws still hold
good and that individual who attempts
| to ignore or violate any Of those old
laws is almost certain to meet the
penalties made and provided.
| He called attention to the tremen-
dous progress that the south had made
in various lines Of industries during
the past few years and was gratified to
note a remarkable increase in banking
capital; but while he did not desire to
| be understood as a croaker, he wanted
| the members of the association to
realize the fact that such good times
cannot last always, no matter how
strongly many may believe to the con-
trary, and to be prepared for less IA
vorable conditions. II they should
come. He impressed the fact that the
continued welfare of the country Is In
the hands Of the bankers to larger
extent than to any other class or BUS
mess people, and seemed to be OF
opinion that If the bankers would sit
steady in the boat. confine their assist
conservative. legitimate business enter
prise, and discourage all manner of
wild speculation, good times would
continue longer than otherwise. While
offering this advice, he emphasized the
fact that although credits were being
considerably expanded, and the specu-
lation spirit was showing itself pretty
strongly in some quarters, ne was not
viewing the present situation with
alarm.
Mr.. Roddey found gratifying feat
ure of the present situation In the
spending tendency Of the bank and
manufacturing people to rely on inde-
pendent auditors for periodical exam
nations Of their books, ETC., and he
suggested in this connection that II
would be we'll for the bankers to go
step further and require financial
statements from applicants for loans.
He thinks the bank has right to
know the financial condition Of every
borrowing customer, and thinks. that
such knowledge is likely to be Of ben
eft to the customer as to the bank.
He strongly urged upon the bankers
the necessity of building up and
maintaining good. healthy surpluses.
The surplus, he said, Is the only
thing the bank does not owe.
Mr.. ROddey's address was well re-
ceived and was generally conceded to
be peculiarly appropriate and valua-
BILE.
On Wednesday afternoon, the bank
ers enjoyed a fish fry on the beach and
Yesterday they were treated to a
cruise around the harbor.