The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-09-16
National Bankers Associa ten Ia
Not a Unit.
Letter From President Postal
Savings Bank League.
LEND HELPING HAND.
That Is Gospel of Savings Banks
Says President Reynolds.
Consideration of Profit Is Su.
bOrdinated.

Chicago, Sept. 16.-The postal sav-
fngs bank question came to the fore
at the meeting of the savings bank
section OF the American Bankers as
soc1at1on convention here today In
the midst of a committee report, ad-
verse to postal savings banks and
speeches deprecating the entrance Of
the government into the banking bust
ness. an open letter was received from
the Postal Savings Bank league of the
United States. The letter was ad-
dressed to George NJ. Reynolds, presi-
dent of the American Bankers asso-
citation, and was signed by Julius
Goldzier, president of the Postal Saw
ings bank league. In part the letter
says:
''The recent expression of officers of
your association tend to show a spirit
of opposition to postal savings banks.
which, while contrary to public opin-
ion, is also as we believe, contrary to
the best interests of your business.
The dominant party is most SOL
ennnly pledged to the establishment of
the peoples banks, yet in the same
breath in which you make a PROPOSE
ton in behalf of the moneyed inter-
ests Ga central bank under government
supervisory, you ask the legislative
and executive powers to ignore and
violate the pledges given to the body
of the people in platforms and official
documents
The league calls on the bankers for
assistance in securing postal savings
banks in the following words:
Here Is the place and the time when
broad patriotism urges that opposition
to the postal depositary measure favor
ed by President Taft shall cease and
that the American Bankers association
win the trust and esteem and profound
respect of the American people by pub
licly and frankly endorsing that meas
ure, unmindful of seeming and imnae-
date self interest to the contrary.
Experience in other countries has
shown that so far from injuriously af-
fecting the banking business, postal
banks, increasing deposits in number
and volume
Mr.. Reynolds showed the letter to a
number of delegates today, but no ac-
ton was taken II, is said the letter, II
read at all at the main meeting tonaor-
row. will fall for the most part on lia-
friendly ears. Practically every speech
made SO far at the bankers convention
had been adverse to postal savings
banks. This mornings speakers, H s.
Hencher, of Chicago; John H johnson.
president of the savings bank section.
and H. M. Zimmerman, were ali
against this form of banking.
Savings Bank Problems.
Problems which confront the saw
lngs banks the country over were
considered by the delegates to the
American Bankers association in the
business section of the association.
This association after hearing the
annual address of the section presi--
dent, John II. johnson, took up the
report of standing committee on
savings banks laws and postal savings
banks.
Outside of the business sessions of
he convention preparation was made
oy the delegates to attend the chief
social function of the gathering,
he presidential reception and ball
.onight..
savings bank section of the bankers
association, the annual meeting of
he secretaries of State Bankers as
'ociation was held. Secretary E. c.
Farnsworth. in his annual report, told
IF the broadening of the work of the
'ecretaries association.
In the savings bank section the re-
port of the executive committee wa
cad showing a gain of. 113 mem
Ders and an increased interest
Safeguard Savings Deposits.
The report of the committee on
aving bank laws reported the draft
ng of laws to safeguard savings de-
'osits. The postal savings bank COM
nittee reported adversely to postal
avings banks and suggested that
ointment throughout the country on
he postal savings bank question
The question of real estate mort
ages for savings banks was discussed
y r. N. Welch of the San Savings
MON.
''It is a question:" said Mr.. WeIch.
savings banks have not per
,itted to drift away to another class
institutions. loans of character
xceedingly profitable to those insti-
ltions."
In this connection he discussed loans
} the small borrower or the "home
uilder" repayable in monthly INSTALL
tents of moderate amounts
Importance of Lending a Hand.
Edgar L. Robinson. of Baltimore.
poke of "The Department of mercy''
banking and said:
In our savings banks the gospel of
ush does not crowd out the gospel of
Considerations of profit
re subordinated to the great privilege
lending hand. We must keep far
ON the strife of business conquest and
1ntent ourselves by playing a humber
art; the great opportunity We enjoy
the chance to be useful and faithful
} our trust"
DEs MONIES WINS FORM OMAHA.