Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1909-06-01
BANKERS ANNUAL.
Group No. 8, OF the Wisconsin Bankers
Association, Net on Saturday at
Merrill


nected with banking Institutions of
Merrill, Wausau, Stevens Point, Grand
Rapids, Marshfield, Medford, Ogdens-
| burg, Amherst, Tomahawk, Athens,
Nation. Montello, Mosinee, Rib
Lake, Scandinavia, and other places
OF Northern Wisconsin, met in Mer-
rlll to participate in the deliberations
OF the fourth annual meeting of Group
| No. 6, of the Wisconsin Bankers as
ISOLATION. There were also present
bankers from Milwaukee, Chicago,
Minneapolis, st. Paul and Pittsburg.
The following from Wausau attend
ed, going up in the automobiles Of G.
S. Curtis, H. G. Flieth, B. Heine-
mann and D. ]. Murray, viz:
Representing the First National
bank-C. S. Curtis, c. E. Turner, f.
2. Stone, c. C. Kruger and E. B.
Thayer.
National German American bank
b. Heinemann, III. G. Flieth, d. j.
| Murray, G. 6. Gilbert, p v. 0. Van
Vechten, Paul Peters and Frank
Okoneski.
Marathon Co. Bank-E. C. thinner
man.
Citizens State banks NJ Quaw
and w. E. Hudtloff.
Bank of Ingram-F. H. Pardoe.
The first session was held in the
supervisors room of Merrill's beauti-
full court house, and it was called to
order by President Geo. q. Foster,
cashier of the First Natioral bank of
Merrill.
Mayor Julius Thielman was intro
duced who delivered the address of
welcome, which proved different than
the usual stereotyped words of welcome
for it bristled with good points and
those who had never heard Merrill's
mayor from the rostrum before, were
highly pleased and they ceased TO
wonder why he was held in such high
regard and SO greatly admired by the
people of his home city. E. G. Zim-
1
County bank of Wausau, responded
to the address of welcome in a very
fitting manner. The presidents annual
address then followed. This was
direct talk to the bankers in Mr.. Eos
ter's Characteristic way and he closed
with the plea that the meeting be as
informal as possible and everyone
take hand in the discussions, and it
was owing to Mr.. Fosters pleasant
way in calling for expressions from
various ones that the meeting is said
to have been among the most success
full ever held by the group
The address of f. j. Smith, presi-
dent of the German American State
bank of Merrill, on Postal Savings
Banks" was the most interesting and
most important one of the occasion.
He pointed out in very able manner
why he thought postal savings banks
was menace to legitimate banking.
There seemed to be unity sof feeling
that Mr. Smith was absolutely right
in his conclusions.
George w. Mead, president of the
First National bank of Grand Rapids,
delivered an able address on the
assets of an Ideal Bank"
Assemblyman F. w. ~Kubasta was
to have spoken upon ''Recent Legisla-
ton Affecting Banks, but he was not
present at the afternoon meeting.
f. j. Wood, president of the Wood
County National bank Of Grand Rap
ids presided and led in the discussion
of several important questions, such
as.
Should national banks be permitted
to loan on real estate?
Does the distribution of calendars
and the like bring results warranting
the expenditure?
How do you handle the exchange
problem?
1t was the opinion of those who
spoke, that money spent in calendars
and the like was a waste of money,
and many felt that the very best re-
suits obtained was through newspaper
advertising.
A number of vital questions were
taken from the question box and dis
cussed.
The last question was, Is there
any good reason why the 1910 meeting
should not be held at Marshfield?''
H. g. Flieth moved that the urgent
request of the bankers of Marshtield
be accepted and that the next meet
ing be held in that city. After quite
number of amusing remarks, the
motion was taken up seriously and
Marshfield was chosen as the next
place of meeting.
The meeting adjourned liz time for
supper.
AT s p. m. the bankers again met at
the court house. II. 5: Richie, of
the First National bank of New Lon
don, spoke upon System" He was
followed by attorney NJ. B. Rosen-
berry of Wausau, whose subject was
Legal Questions of Interest TO Bank
ers.n OF this able address the Mer
rill Herald says: This was interest
ing to all who were present as ques-
tions of law were answered, which
pertained to business matters, which
might be useful to others beside bank
ers. To the banking fraternity, if
they were new, they were certainly of
great benefit"
f. W Kabusta, who was slated for
a paper at the afternoon session, on
Recent Legislation Affecting Banks, =
but who could not be present at that
time, gave an excellent talk in the
evening.
TIE folls,x.,ipsr ofHcarS ware elected