Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-10-05
BANKERS MEET IN
BUSINESS SESSION
-------.-- ------------
Listen TO Report Of the Executive
Committee Of the
Association.
NO CAUSE FOR APPREHENSION
New Kind of Panic Dcscribcd-sprcad
Over Country, and Was
IIcsitating.

colnhahy section of the American
Bankers association met in business
session todny and ton,. ~, -, :, ,1,,,s;,,ar
" Wy Il
.t.i'h oi TINS important part of modern
banking.
In the absence OF President RI p Mr. u
Intosh. yirn pro.;do,4 C,,,,,.
- ~ WI 81 y. ! l uiier
e,'i'ed the meeting to order and read
TIE address Of the president
j. c. Darke. a prominent r.os Arce
los trrst comn,n,. ,raaa, -,
GO. ot'iSei, ana Joseph
piesi'ci't oil me Los Angeles
chamber OF commerce. welcomed the
delegates.
Tho rnnnrt of +be o>,oo,,,,,a ,t.
W W 80 iS'iu ny lawrence u. Giilcspie,
chairman.
I.Xt.(,,;,rt1,t, ,,o,,,,,,,.r,,I,,e. ~, 4
poi,,r = 2 ~ III
-.
me soundness and strength of the
banks ana trust companies in the ex
istinS state OF n depressed security
lnarket was the theme OF the report
OF mt executive committee OF the trust
company aechoi, Of the American
i'alikers ASSOCIATION read here today
pS lawrence l.. diiiespie, Vice president 5
=, W ~ uit.tpie iEusl company OF &
NV NV AoIk anu secretary to- the COM
.,,,,
w 49, uut 'it' Wy pisc slNs ioiitns
ii, = MIC ", a q pailc
Inmrnss d n ., s'r' o ~ :.
y ,a,,,", IN 81 ~,
in Il Insulating way, really consisting in
aePres,atioi OF wines more thnn IN
80 ~ a,i;i
'i -, ~, ~ , ~. ,;n.,.,a
W.
800 itn;,sa 20 ~
Ino,, I,,,Eni,,,1 MN, tba;,. !, rn,,ti, M
~ - -. 80.
-, ,.i i,i,',,, = -, ~ 49,,
/" a7t sai;,,,,lt,
t,.a.,,i,.,i,,,' -
-, .,,i.s, 80,
~ =, ,'.,a,1nI5
~,
"
It,S1s'n a., W.
~, ~ .
10y ~ .lS
y ~ "
-, !, ~ SUI
1900 $500 $500. pt'S,ttH1 -, tiiia oPiti
o. Goiiiriluesuip .hP, panks are observed
a,,ts 800 ,,,,,,,, -, .,,a,,,
4, Is
80,
:. "ss -,
,,,,,,I,,s,a ,it,, e,,,,,,,,,,
-, i,,,, a., r,,i t,,,$,,, \ 80
a,'on,,inr sauna IA 1a,,s a,,,,ti,.at
,,I,,,:l,,,r ,otio,. t,,rn,,s,b,,,;, tho 1,nitod
S,,o - 80 ~
NJ uSf. f'lt sAl-Assa
at nresent there does moi seem 10
be amy cu,,sc for apprenenslon that
the banking situa ton X, in danger of
being nnder.n'nea me deposits II,
York are at unprecedented figures and
the required reserves Of the bnnlts; are
further fortified by the cash reserves
of the trust companies not required
to be held when the panic Of 1907 WAS
upon us. Hot winds have been blown
but our farmers and statisticans prom-
lse us abundant crops. Furthermore.
the people OF the whole country have
learned the value Of prudence and
reasonable economy. No one has been
able to escape the educational features
of our recent financial experiences. and
we are All anxious to work on Il more
healthy and sound basis than during
the mad rush OF four or i've years I
ago
IN our poiiticai me therea IS sun Ii
neeh Tor nromptihSs TO caution ana re.
Election. Acts by individuals IN great
public Office with widespread influence
and authority may be far-rcaching in
their effect, and when suddenly cXcrted
have n tendency not merely to effect
the objects intended but also to create
u feeling Of uncertainty and fear for
the future on the part Of all property
interests, certainty ofnconsidorate ac-
ton on the part OF the government and
the courts being the greatest possible
factor towards national and financial
tlcvcIopmcnt
n,o,,
MIS- iMfs'ls i!AN ~ NSi'l-E1h:
"tJndoubtedly the most Important
problem berora the country is one
when, as ,heE say OF me poor, We, we, nave
rcney question. since 50 much labor
and study has boon extended on this Il
,mbi,ct ~ students. financial experts
md nr,cticn, bankers. / shall not mo
s,,ino enoo,dcaIIv Ia ADVISE amy partic
rInr llr..islntinn some ornctmc,,t how
r,.s, Iool,Iuc IN u ,.,np.cE we ,nust have K
~, d, Il, r,,,..,,. IA ,IDvo.r air. scrio,,.
!, tt,pt,,n toitbis s,,hinct ana RI cxtcnJ I
49,, s,,,',,,, tifnsni n.,oged IL ~. /.
,,.',,,, ~ 80 ~ fns o,h 49,
-. 1,i, 49,, ,,,r,t;n,
,,,t,,, -, ~, ,,;tl,nt. ~ ,,,,i, ,,,n,o,.
s;,,
~ :,
4 thrn,,ph law rnt es fn1,'loans ~ S,awnnn