Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-06-16
BANKERS d Utah | i:
HERE N. NUMBERS !. Nj
Forn,ationof 4, State Association
IS Undertaken at Enthusiastic
Meeting Today.
STATE r { PRE- EN n Ed
delegates from Cache 70 Washington
Gather III Council Chamber IL Y III
response to Gall.


Response to Call.
y There was real council meeting eel
a., tie council chamber Of Fl the v CITY
"a cour,ty building this morning, but
4, was one OF import not on TO
10 rity hut to- the state. There was
more money represented this this
meeting than perhaps at any other
ever held In the dsome building
III was a meeting OF bank ers from
various parts of the state, and each
delegate had in mind the laudable en-
iterprise of proper anizat on--the
organ zation OF u State Bank ers \ as
ISOLATION, and this Will almost certain
,vsbc accomplished before the dawn
Of another day. Il,
y nnn II Eve ryolle seemed happy and
f8t5nnxio,,s to organize. Several SIP eecll cs
were made during the morning sses-
ai3n and this afternon the convention
has settled down to hard work and
business and that desired res ts " ~
VI ,lhe9 meeting was called to ord r by
w s, Nc Cornicls, chairman. ). a N
Whitney acted as secretary and read
the cali Mi'sssAIcCprnick tn ell o TIN
ed the object of the meeting and
urged that state association shollld
be formed On the ros trnn1 were
4 spry. Mayor Bransf lord II eber M
Weils and Nv. IS cCornick. Follow
I. 5ine. the brief epeecll9sib by Mr., McGor-5
nick. GOV. Spr3t delivered a short adj
dress of welcome He stated he. be-
# leeed in organization Of financierss
and also laborers, and that tn e record.
Inf Utah's bankers was such that n one
" he assumed 3 e 4 II. COY. Spry referred
Mo the late money strIngency and the
part the bankers took in Utah to
4 forstall the troubles such as other
states had. Gov. sspl,y called attention
i TO the mining, agricultural and Sstock
n interests in the state and, In closing,
& said the people &tl1e east are Begin
Ming to have confidence in Utah and
realize that the state is a safe place
for investment. 4: 3.y
MAYOR 1VF1LCO ONES THEM.
Mayor Bransford followed with the
following speech OF welcome: M @
lam indeed pleased to meet with
YOU here today, andEon behalf Of tho
people of this city to bid You a hearty
8 a1it cordial welcome. Isl 4 u.
4 1.-THE purpose g G. this gathering to-S
!, gethor from $ SO man & I'll fferert quar-
ters Of the state, of men who are as-5
ISOLATED With those various interest5
N which lie 50 sclese IL to, and upon the
expansion Of which depends so much the
extension Of the industrial, and Cos
relatively the social welfare of the peo-
pie OF U tab, is one trough with unusual
meaning "a "a ~
we live in an age of organized eff
8 fort; systematic end eavor has e ken
place in every channel of human acc
tisity. The State of U tab. needs such
an institution as that which you pro =
pose to establish; the great and ever
extending needs OF the community res
aquire that our banking Institutions,
which In reality are the nerve centerS
OF the economic organism, shall be
maintained in q sound and healthy con-
dltion: IT is therefore necessary that
the channels through which circulation
proceeds shall not be permitted to bs-3
come clogged; that in times. of none
taiy stringency in one place. the whole
system shall be in such excellent con-}
Z trol as + to at once permit or the DEF
sired relief being secured. sili5
There is no economic principle mora
Z firmly established, or moro pronounced
Iii its operation, in the whole realm af
nature than that the dissipation and
f. conservation of resources are intimately
: related; Il there IS a progidality at one
point, there Is q rigid bling
at another This law holds true in the
economic domain, and the better W.
understand this law. and apply our
knowledge to the work that is designed
4 and intended to be acco,npI ished, the
more surely and fully will our success
be assured. And this i take 1t lis one
Of the objects Of your proposed asso-}
Ciation }#$
~ am confident that your efforts Will.
4 pc fruitful of good results. Results.
4 II mat will Material " assist in improving
conditions, assisting in promoting the
prosperity, advancement and upbui.d-
+ ing uf our beautiful state, so far as i
may come within your power to do SO.
Z si'ai not he left in any degree of Hun-
4 certainty OF, doubt. 4i5 3s8
And now gentlemen i again bid you
{. .Welcome and hope that Your delibera- :
lions will bring forth the very best;
and While You are sojourneying In our
pealtiful city i sincerely trust that You
will receive your full measure Of the;
pea i,,s, astifes of Il fc. The local members
WI, am sure, do every thing possible
" make you comfortable and pleasant.
Gov WELLS SPEAKS.
CORNER Governor Hebcr NJ. Wells
mac made a speech that was altogether
.nappy and full Q, wit. He called at
.ioii, such as outlined by Mr. McCor-
i,lch spoke about the late pnnic; the
tofaltion of the money market, the
4 toupies OF bankers and added: ~ D
, nv some OF US are aldheaded'
& l mere Ware just five baldheaded bank
Z =. m IN, sff. Wells Included
~ !. conclusion lie Said:: IA
st .oul'5 homes are open to YOU, and
Sur hard hearts are open to you. Our,
lon, nimercial club Is open to you. Our
s tt Ia ke is open TO yoli. Our ali-
: so,nop,ies are open to you. We are
s s,91i to take you for an automobile
iiue around our city. You will want to,
5to ~, onto your buttons for it is Given
nv S ina t that reckless young dare
aeVli, Z. s. Hills will lead the pro-
& 20 ION and If you keep up with him
agS1 ~ VIII. be going some :,
q =. ohnson of Mt. Pleasant made
Z q response on behalf of the visitors
i ali y, was roundly applauded.
Il, -. "A arnsworth made a motion
snat 9 committee of five on permanent
~ tganization be appointed to report
.iils afternoon. Chairman Mccormick
named the following: l.. H Il Farms
M sih, chairman; John Pingree of Og-
I 1 Isli A. Al. Fleming OF Logan, j. 7.
( y ar I of Provo and w. w. Arrnstrong
y. a lark City This committee meets
.. .sa this afternoon when steps will
w -, taken to organize permanently.
me ~, program for the day as OUT
4 i in Secretary Whitney Is as fol-
i 5 1 IVY Automobile ride around the city.
aasulcheon at Commercial club, 1880 to
-, "a eetingf In council chamber benin-a