Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-01-22

governments 1t would be under the
indirect supervision of the treasury Of
licials. but the details of its manage
fnent would be vested solely In It's
board of directors, elected from wide
~ scattered sections of the country.
This bank would have an unlimited
power to issue bank notes. The stock
Of such bank should be apportioned
to banks Of the country, in proportion
to their capital. 1t would have the
power to issue bank notes for any
bank, taking as security for that issue
the bills receivable of that bank 1t
could thus come to the aid of any
bank or group of banks in any section
of the country at any time that the
demand for money became abnormal.
This would provide an elasticity In the
currency. When the system was fully
developed Mr. Roberts said. there
would be a series of branches to more
easily reach the needs of banks of
each district. This central bank would
take over all of the governments
money, and pay all of its bills, and the
balance would be used in business in
the usual way This would prevent
the government from having millions
in its treasury, when the country was
needing money and could not get it.
Mr.. Roberts closed by saying that
the present system, by which the Sec
rotary OF the treasury parceled out
money to the national banks. subjected
him to much criticism, and was there
fore on the face of 1t thoroughly bad
Many Visiting Bankers Here.
s;.it;, JNn,1 l-..- In
the city to hear Mr.. Roberts address
are as follows:
Eldora-J. ID. Newcomer. vice pres-
dent Hardin County State bank: f. ID.
Robb. cashier Hardin County state
bank; Harry c. Marks. bookkeeper
Hardin County state bank.
Cnion--A. L. Wood, director Union
Savings bank w. H. Reynolds, cash
Ter Union Savings bank; c. f. Law
renee, cashier Citizens bank; G. o.
Lawrence, assistant cashier Citizens
Savings bank: f. u WINERY, director
Union Savings bank
Roland-O NJ Grove, cashier Farm
ers' Savings bank: o. S. Boyd, assist
ant cashier Farmers Savings bank.
Zearing-J. S. Smith, cashier State
Savings bank.
st. Anthony--W. y. Dickerson, pres
ident st. Anthony Savings bank; II. G.
Van Orsdel cashier st. Anthony Saw
ings bank.
Gilman. l.. Wylie. president Citi,
zens' Savings bank: ]. Harry Scurr.
vice president Citizens Savings bank,
G. T. Stansberry, cashier Citizens
Savings bank w ". Imler, cashier
Bank of China,
Lscomb Dickerson, cashier
State Savings bank.
LeGrand-J. M Hockett, cashier Lee
Grand Savings bank; A. L. Beane. as
sstant cashier LeGrand Savings bank:
Charles G. Johnston, director LeGrand
Savings bank.
Tama-J. l.. Bracken, president First
Netional bank: G. Fl. Austin. president
Commercial Savings bank: F. w.
Brokhausen vice president CONNER
cial Savings bank: d. F.. Goodell, cash
Ter Commercial Savings bank.
Toledo-W. A. Dexter. cashier First
National bank: ]. N. Lichty, assistant
cashier First National bank.
Garwin-Edwin Berry, cashier Car
win State bank: w. e. Cahill. assist
ant cashier Garwin State Bank.
Montour-R. w. Adair, assistant
cashier First National bank.
Belle Plaine-J. r. Miller, cashier
Citizens National bank.
Gladbrook-Martin Mee cashier
First National. bank: Frank Kelley.
assistant cashier First National bank:
e w. Branch, bookkeeper First Ma
tional bank.
Melbourne-Walter Canaday. cashier
Melbourne Savings bank
After the lecture, upon the invitation
Of the Marshalltown State Bank, the
visiting and local bankers were en-
tertained at a bowling party at the
Cook alleys.