Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911, 1908-05-15

people are looking for something 10 De
done that will give them relief from
the results that follow the lax meth
DDS of the bank commission as the
law now constitutes it, and we honest
bankers should give our earnest sup
port to any measure that Will protect
the people who confide their money TO
our keeping. .
"A majority of the people are honest
and will support honest action. ma
iority of the bankers are honest. what
the honest banker asks is that the
sheen NAV be separated from the
goats" When a ship goes on the rocks
and is wrecked the captain is held re-
snonsible, Let the bank commission be
held strictly to account for any oa''ii
failure.
Let the bank commission be so con-
stituted that young men VIII De ell
couraged to fit themselves therefor, as
a life profession. and let the law hold
the commission liable for allowing any
lax or dishonest business. Let the re-
ports be required in such form tnat
bucket shops can be easily distin-
guished from banks.
1.-The foundation of the banking bust
ness is the honesty of the bankers ana
the confidence of the public. There
sio,,Id he such laws governing the
business as would protect the public IN
it's confidence and punish any violator
severely. In Mexico bank failures are
unknown for this reason; Should
bank fail in that republic the ofncers
of the bank and the bank commission
are shot. We have many thing to learn
from Mexico.
mo director should be borrower
from the bank that he assists in man
1.a oil
loan to it's directors.
81 am we'll aware that this VIII not
meet the approval of many bankers.
1t is nevertheless right.
1.-The banking business has partially
lost the confidence that is necessary
for a full measure of success and
nothing has contributed more to this
effect than the practice of allowing
directors to borrow from the bank.
"What we desire to do is to re-estab-
fish the confidence of the public IN
the banking business. To do TINS rules
must be laid down that will place the
management of banks, ike caesar
wife, "above suspicion"
~ do not deny that such rule VIII
work a hardship in some instances
what rule does not? / do claim that
il will work the greatest good to the
greatest number.
Labor and the labor interests are so
closeIN allied to all other business, in
Guiding banking, that 1 cannot conclude
this paper without giving you my Ideas
on the matter of oriental labor
1.-THE agitation against Chinese labor
which eliminated in the Chinese ex-
clusion act has had it's exect. The laws
have been carried out, as all our led
eral laws are, and the Chinese laborer'
as a class, has disappeared, but we
have in their places a greater number
of the most unreliable, undesirable class
of laborers that have ever come to our
shores, the japanese.
when the japanese ships We're mere
to visit the exposition at jamestown.
and shore leave in New York resulted
in no assertions, the Japanese admiral
in a spirit of pride, asserted that the
Japanese vocabulary contained no such
word as deserter. We, who have come
in contact with his people, believe he
could, with perhaps greater truth, nave
claimed that the same vocabulary
should be void of the word integrity.
You have all heard that all bank po-
sitions in Japan are filled with Chinese.
IT was on board one of the Japanese
liners recently, that ply between San
Francisco and Hongkong. When in
formed that the walters on the ship
were all Chinese, asked why Japanese
were not employed on Japanese ships.
7 was told the Chinese were more re-
liable.
: "Can we be surprised by these facts,
when il is said of their country that
Here the flowers have no fragrance,
the birds no songs, and no woman is
virtuous'?
"That the fruit interests of the state