The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1910-06-03
PUBLICITY URGED
BY THE BANKERS
r rom Thursdays Daily.

From Thursdays Daily.
| Presidents. Nj. Serrurier of Holland
Vice President S. Tolverson OF
{, iulda.
Secretary-W. a. SLreatcr, Winnie
hago.
! These are the officers elected yester-
! day afternoon by the second district
group of Minnesota bankers.
The. following are the resolutions
! adopted.
| Resolved. by the bankers of second
| congressional district of Minnesota
that we rciterate the resolution adopt
cd at Sleepy Eye last year as follows
Urge Publicity.
That whereas, the second congress
! sonal district is capable OF furnishing
homes and support for double its pres
cnt population, be it resolved that we
| urge upon the association and its in
dividual members the need and advis-
ability of concerted action. in aGvertis-
ing and exploiting the agricultural re-
sources of this district.
With further addition, to advance
/ its commercial and manufacturing in
tcrests, we recommend that the bank
crs dsapprove of advancing money for
investments in high sounding real es-
tate OF other promotions outside of
the state.
That the interests of the country
bankers of the district are the inter-
ests of all the residents and that they
are under obligations to prevent dis
elimination rs far as possible in favor
of the large commercial centers by
railroads or others.
Resolved, further that we are heart
lily in sympathy with the work of
our present state immigration commis-
sioner, George r. Welsh, and we rec
ommend that the legislature increase
the appropriation for his department
to such an extent that it will be pos
sible for him to properly do the work
and provide for the needs of the Of
fee
SAFEGUARD Commercial Paper
Resolved, that it is the sense of the
bankers of the second congressional dis
trict i'll convention assembled that fur
Their safe guard should be thrown
around the issuance of what is COM
monty known as commercial paper.
That we recommend that our mem
bers confine their purchases to the
notes of those concerns, which provide
signed statements. certified to by regu
lar chartered public accountants.
Urge State Clearing House.
That we urge upon the bankers OF
the Twin Cities the desirabiity of
their establishing an agency, at which
all notes issued by concerns who sell
paper through brokers or to more than
one bank shall be registered and MUM
bered. Such an agency might easily be-
established in the office of the exanl-
liner for the clearing house, with whom
the concerns borrowing should file Il
statement of their affairs, it being the
expectation that this agency should, SO
far as reasonable, at intervals check
up the issuance of notes with the
statements. i
Whereas, the present system OF
handling checks and collections on
points all over the country rakes it
necessary for every bank to have one
OF more Bankers Directories, and
WbnraaS thnra nro now tuoIyo IN.
more concerns publishing such books,
none of them as complete as they
should be), all requesting reports twice
year, or oftener, and soliciting I'D
vertisements, ETC., to the annoyance AMI
great expense of the banks generally,
therefore be it
Issue Directory.
Resolved, that the second district
group meeting i'll session at Mankato
Mimi, recommend to the Minnesota,
Bankers association the appointment
of committee to make arrangements 4
with some one publishing house to is
sue, under the direction of this com
mittee, full and complete bankers di-
rectory. to be known as THE Ameri-
can Bankers Association Official Di-
rectory," or other similar title.
BE it further resolved, that we ten
der Il vote of thanks to the officers
of this group and to those who have |
so auly taken part in this program for
their labOrs i'll making this meeting
a splendid success.
Be it further resolved, that we, the !
bankers of the second district. do here
by express our most hearty apprecia
ton to the bankers, citizens and la
dies of Mankato, for the cordiality of ]
their welcome and the entertainment
provided for this meeting.
The Banquet Last Night.
The banquet was held in the Knights
of Columbus hall and about two hun
dred and fifty attended, including many !
of the wives of the bankers and local !,
bank directors.
The tables were prettily decorated
with carnations and smilax and lighted
by red and white candles. The BAH.
quet was nicely served by the ladies
Of the Episcopal church and served in
I've courses. The following is the
menu: So.
Bouilon
Roast Lamb, Mint Sauce -
PAT nt DonS Ill L