The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1909-05-19
KEYNOTE or ADDRESS
AT BANKERS CONVENTION
Represents Sentiments Of Dele
gates TO State Bankers Con.
VantIOn al Enid

enid, May is "As president Of Ok.
lahoml Bankers lt Is my opinion that
tho state bank guarantee law rs the
foundation Of the best law both for
bankers and deposiiors that has ever
beer devised"
This was the Keynote OF an address
delivered before the evening session
al lhc oklahoma Bankers convention
held last evening sn the iuowen The
atre by ) B. Jones president Of The
body. ia gave graphic descriptions
oi the law declared that e has alrendi
been proved q success and has ioune
general favor with the binding fratcr
nifty. whp applause accorded the
speaker when he made the statement
made u evident that Mr. Jones reprc
scented the sentiment OF tho delegates
immediately after The president
had called the meeting so order lH1
reports 81 the various group secre
tares were heard and all spoke OPT
timlly.
D. Nj HALEY. cf MeAlosier a plo
neef banker OF Oklahoma, was heard
on an address on Trust Companies
Ne spoke af the mission OF tho trust
company ahd h0wntheif work is 90.
elated 10 that Of the bank. lie close
bis address with plea itr furtlfi
protective legislation for lle lrllAt
companies 10 The state
:. b, Jones president 81 The argini
aton spoke ON tho subject 0l state
baukerH llo traced he banking bus
lnoas in ihp now state from The day lU
which 'he settlers followed The lrat
until The present day laudlne lhe ei
forts Of lhu pioneers 90 build the gro1t
eat state n ihe union TIE spoke ui lh
forward strides that Oklahoma haa
made since she hag become q stat,
ind prpalclcd & most optimistic ln
lure
"Whea this state was made Che luf
tYslgth Star a great question confront
Q lho lankorB and daposl0rs ln tht
state In whenever tho occasion de
m8aded lhe action of lho American
people ilny have mover benu f1uul
wanting our first legislature enact
ed what as president 81 lhls associa
lion believe to be- The Foundation q
ihe best banking law FOR both ihe
banks and dcposiior8 that has ever
been devised. of course. there VII h1
changes aud amendments from time
TO time, bat Thus Gar il must De ga
mitted q succeaa. | am here as a cham
pnn ana upholder of that law
= was for twenty one years em
ployed In various capacities IN banse
haya haH Jobs from runner to exccu
I've officer / am frank % Say 10 you
.hal ] believed that The national bank
Ing law Was the only safe guido nu
~ heard OF this proposed bank guar
lnter Law ! had been interested IN
Oklahoma for many months ana one
afternoon talked with Governor Haa
kell concerning ne proposed law nna
right there ! mado up my miud tha
d was an right
NAi TIE present Time Tho Jaw Is
crldo il ia new. With the assistance
ai tho administration Of ihia state
lhia law win be amended from time
to time until The dslects are reme0led
Some Of The bankers of the stlle
nre hDwng about this law They
hsHe surrendered their national char
ters aud come Ia as state banks nm
now they say they don't know whore
they stand / want 10 see tile bank
ofa come out squaroly on this ssue
either for on against It. If you afe
not satisfied with operating under
und0r the state law, then get from
under les cover
"'rhcy called the bank guarantee
law an experiment 4 has proven q
splendid success That Us the bea
argument l0r tho aw the results
When this law went into effect there
were hundreds Of banka operating uu
def letltefial charters and Il wag a
slupendoae task for ihe state bank
commissioner g examine them bat he
fulfilled the task wtll- At the present
time here are six hundred BANKS on
Grating rndcr state charters.
4Cur sound banking laws induce
eastern capital hero to develop the
country. Whit this state needs noa
il money we are using tho money to
build ~ great inland empire. Our
uil and gas Industry employs moFe
than tiAe000oo Of invested capital
and me railroads more than sa0b,000-
00n and The farms are being sold from
twenty g forty per cent Of their ac
ua value fog the reason that We need
money 70 build the state. II Is true
that our interest rates are high. hei
enF Legislature aua bank commission
lCnnilnued Pare Fourl