The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1909-05-20

that they are in the business for all
is in the bank belongs to them; but
the state and national banks have
awakened to the fact that they are
but the servants of the people-for
such have the strict laws made them.
Tlhe dear people, the mayor said,
have awakened to a new but old idea,
that every man owes a duty to his
fellowman, that he is in business for
the benefit of others and not for him.
self. If the banker is in the business
for all he can get out of it, the may
or asked why it was that the legis-
lature passed laws that were a pro-
lection for the people. The mayor
referred to the close association that
the banks of a town had with about
all the business relations and for that
reason so much depended upon the
banks, and he believed that the time
was coming when the banking frater-
nifty would raise itself to the high
level when a dishonest banker would
be frowned Upon to the extent that
the financial circles of the country
would demand the strictest honesty
and they could say to the legislatures
that they would become responsible
for the conduct of the banking bust
ness on an honest and legitimate bas-
is, and that the now strict laws
would be unnecessary. The mayor
paid a high compliment to the trust
worthiness of banks in general and
stating that as a general proposition
the business is conducted with adel-
ity and accuracy.
c. N. Lukes, Of Sioux City, spoke
briefly and in a reminiscent mood Of
the banking interests of Mitchell, re-
ferring to the time some 26 years
ago when he first came to Mitchell.
He congratulated the city on the
splendid growth and development
along all lines, and which was plain
ly evident. He thought the growth in
that period, not only in Mitchell but
throughout the entire state was some-
thing marvellous. He extended tho
hearty congratulations of Sioux City
to the bankers in the group on the
prosperity that was attendant upon
them and the state. y,
Ludwig.Loevinger, of White Lake.
was called upon the carpet by the
t~oastmaster to offer something. and
touching on the state banking law.
Mr.. L%oevinger said that it had been
his aim to follow closely the law of
the state and he hoped that every
state bank would study the new law
and follow it's provisions with SINGER
ity of purpose.
S. b. Morris president of the West
ern National, spoke with emphasis
of the good features of the state
banking law, and he believed It
should be the ambition of every bank
er to uphold the provisions Of the
law and to aid in every possible way
the work of the public examiner. He
believed the good judgment of the
examiner would be used with refer
ence to what portions Of the law
should be enforced now and later
when the conditions became right for
the full enforcement. Mr.. Morris ex-
pressed the sentiment that he be-
lieved that every banker has the am
bition to have his name stand. for in
tegrity and uprightness and to have
the name of his bank stand for some
thing in a community.
POSTMASTER Silsby wanted to get
the younger bankers started in taking
part in the meeting and called upon
Leo Doyle of Letcher, to take the
initiative. Mr.. Doyle said that the
young men of the banking business
had come to the meeting for the
purpose of learning from the older
heads, and to follow the same prac-
tees and methods adopted by them.
He said he wanted to discourage the
idea of putting the young men to the
front on an occasion of this character.
olneF bankers were called upon
for remarks, and among them were
Mr.. Bland, of Sioux City, w. r.
George of Washington Springs, Sec
rotary Hill, of Alexandria, e. b. Sop
er, of Woonsocket, Mr.. Jacobs, of
Lennon, and III. r. Kibbee, of this
city, all of who made very brief
remarks, and We're anxious to yield
their place to some other speaker.
Toastmaster silsby in drawing the
entertainment to a close spoke in a
reminiscent way of the conditions in
this section Of the state 80 years ago
and compared the growth of things in
that seemingly short period of time,
and he believed that South Dakota
would shine more illustrious than