The Paducah evening sun. [volume] (Paducah, Ky.) 1906-1929, 1910-08-17

instead of every bank for itself, as
for example. in the matter of assess
ment for taxation, and other ques-
tions of local interest.
They are helpful because the
| discussions disclose quite a differ
ence in methods by banks in towns
close to one another, and the de-
STABILITY, IL not the necessity, of
/ greater uniformity. Without close
association we are prone to mis-
judge our competitors, but we find
on meeting together on an occasion
of this kind that we really have one
common purpose. Great benefits are
derived from the many acquaint-
ances made under circumstances so
:, favorable, as it is much easier to
transact business with one with
whom there is a pleasant personal
relationship.
Il know some bankers in this
state who are not personally ac-
quainted with their city correspond
ent. The city banker should know
the country banker, and 1t Is to the
interest of every country banker to
know the executive officers of the
city bank with which he keeps his
reserve, and the group meetings and
annual conventions afford the best
possible opportunity to make the
acquaintance and to know each
other better.
"The organization of which we
are members has been the means OF
saving to the banks of this state
approximately 100000 annually. in
he matter OF taxes, which sum IL
enough to pay the expenses of con.
ducting the association for a dozer
years. The saving effected the
smallest bank in the state is enough
to pay its dues for three years. This
saving was brought about in the re-
duction of our assessment for taxa
ton by the state board of eoualiza-
ton and assessment, and at a time
when not many more than half OF
the banks in the state we're MEM
bers. / feel sure that IL every bank
would join the association and unite
with us in the effort, we would be
able to obtain a still further reduc-
ton at no distant date.
"The association employs a firm
of eminent lawyers and it is through
them that the matter of taxation Isl
looked after, and they furnish to-
our members advice and informa-
ton on all legal points pertaining
to a banks business. An associa-
ton attorney is particularly valua-
BILE to the small banks, and there
are a number of towns In this state
in which there are no attorneys at
all.
ION June 10 at a meeting of the
executive committee it was decided
to publish at intervals of not less
than every three months a bulletin
to be sent free to every member
of the association. Bulletin No. /
was mailed to all banks on June 10.
Bulletin No. 2 win be issued about
the twenty-fifth of this month.
"The purpose of this bulletin is
to inform every member of the asso-
citation of the administrative and
legal work done in behalf OF the
association and its members. BY
this means it is hoped to cultivate
and secure a greater interest in the
work being done, and closer CO.
operation in carrying 1t forward,
and to enhance the benefits derived
by every bank from its membership.
This bulletin will contain notes and
abstracts by the law department OF
the legal questions of general IN
terest upon which advice has been
given to members.
Greatest Saving.
Possibly the greatest saving
which the association has brought
about for the banks Of this state
during the life of the organization
with the exception Of the saving in
taxes) has been accomplished in the
reduction in rates on burglary in
surance. The rates now prevailing
in this state are all the way from
l10 to so per cent cheaper than they
we're even one year ago, and this is
due entirely to the persistent and
tireless efforts made by the associa-
ton during the past year or two.
For instance, a bank which had
heretofore been paying a premium
of $27O for a $4,000 burglary IN