Lewiston evening teller. [volume] (Lewiston, Idaho) 1903-1911, 1908-06-15
IDAHO BANKERS
in CONVENTION
PREsLDENT KETTENBACH'S AD-
DRESS THE FEATURE OF OPEN
ING SESSION-BIG Sk0KR AT
ELKS' TEMPLE TONIGHT FOR
GENERAL RECEPTION.


guests OF Lewiston and are this at
ternoon enjoying automobile tours
through the city and Charleston. Elab-
crate preparations are being made
Tor the smoker at the Elks' temple
tonight and their visit here win be
brought to happy termination by a
grand ball given tomorrow evening
at the Elks' temple.
he convention convened this morn
Ing In the supreme court building at
10 O'Clock at which time the follow
Ing program was carried out:
Invocation. Rev. D. j. w. Somer-
Vile, rector Church Of the Nativity.
Address of Welcome, Hon. Henry
Heitfield. mayor Of Lewiston.
Response, Fred G. Mock, promi-
nent Nampa banker
Address of President, Frank w.
kettenbach. president Idaho Trust
company. Lewiston.
report of credentials committee,
minutes and other routine business.
Report Of Secretary, l.. A. Coate,
vice president Bank of Commerce,
Boise.
Report of reasurer, E. X. Hayes,
cashier First National Bank, EN-.
NETT.
The committees appointed are:
Committee on Credentials-Fred
Brown, Of Boise; Boyd Hamilton, of
Occur d'Alene; w. w. Brown, Of
Grangeville.
Committee to Report Manner of
Making Nominations-Mr. Givens,
L. N. Swift. mr.. Keller, M. w. Bar
nett and Fred Brown.
Fred G. Mock was selected as
chairman of committee to draft
resolutions.
The convention will meet at 10
o'clock tomorrow morning at which
time reports will be received and
the bankers will listen TO addresses
by Hon. Arthur Reynolds. president
of the DesMoines National Bank and
Hon. w. o. Jones, assistant cashier
of the National Park Bank. New
York.
In addressing the bankers today
President F. w. Kettenbach said:
ut is an honor and a pleasure to
greet you in my home city, and
| hope that our fourth meeting, at
Lewiston, will be worthy also of q
place among the pleasant recollec-
tions Of our guests and members.
1.-The past year has been an event.
full one to bankers. The panic Of
last October showed us the weakness
of our currency system. the strength
of our banking institutions, and their
power. when organised. to Withstand
shocks of this kind. Idaho is to be
congratulated upon the way her
banks came through this ordeal, and
Idaho bankers are to be praised for
their wise action In opposing the pro-
clamation of legal holidays for their
protection.
Idaho has proved herself during
this time to be a wonderful state In
her ability to roll into ready markets
her trainloads Of products, mostly
necessaries OF life, not affected by
the shrinkage In value that Other
kinds Of property was undergoing
loans were promptly paid without
inconvenience, thus showing the
soundness of loans made by Idaho
bankers,
after a deal of discussion and
contention, congress has just passed
a law giving us a new kind Of cur
rency, designed to correct the weak
ness of our old system. While per
haps not adequate to meet the re
quirements of our great common
! wealth. the law is step in tn,
right direction, and will through
the creation of the national none
tary commission" ultimately lead II
perfect monetary system. The ef
ficiency of the measure cannot b
fully tried until we have anothe
panic. We are, therefore, in n
haste to make a test. During tn
| progress OI LulS COuVcuIIOu, i cA
pect to hear instructive discussion
Of this subject, and the gene.s1
theme of currency reform.
1.-THE recent panic has trough
about much discussiCa concarnin
the Insurance Of deposits, and 1
least one experiment under the SUI
srvision Of the state government
that Of Oklahoma. is being made, tt
. objection to this plan, it seems to m
il that reckless, ignorant and u
scrupulous men may engage in u
banking business and be placed
the same class as the conservati'
Intelligent honest banker. The q
positor does not have to discrin
nate; his deposits are as safe IN o
n bank as another; but in the md I
good bankers will have to pay
losses made by the bad ones.
y "The bankers OF Idaho are n
novinC nremiums on about 81 90