The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1910-06-17
1-1EzaET. -HsH T1Ea1s711' TE151T' 1571 q ''s'
BANKERS HAVE : |
GRAND Meeting
At PARIDlSE:
INTERESTING QUESTIONS DIS.
cUssEp ENTERTAININGLY AT
A SPLENDID BANQUET.

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The bankers Of the seventh group
Of West Virginia comprising the coun.
ties Of Monongalias Marion, Preston
and Taylor held their initial meeting
last night at paradise the bunga-
low Of Ex.G Governor Fleming and fami-
". This wassa fine meeting and many
Of the questions that are of interest to
the bankers were discussed in an inter
esting intelligent and entertaining
manner During the meeting an ele.
CANT banquet was served and all par
took Of bountiful repast with hearty
gusto. The feast was replete with all
the delicacies Of the season. Owing 10
the propinqnity OF the West Virginia
Bankrs' Association to be held In
Hunting on June % and 23rd the at.
tendance was smaller than it would
have Otherwise have been. Hon. O. s.
Mckinney was toastmaster.
The bapkeps were carried to Para.
disc" in a special car over the lines Of
the Falrmont and Clarksburg Traction
company that left the corner of Main
and Jefferson streets at five O'Clock.
Then returned on the last regular car
to this city last night.
The principal speech OF the even.
ing was made by W. B. Irvine, vice.
! president of the National Bank Of
West Virginia and president of the
West Virginia Bankers Association.
w. G. Brown discussed the banker as
a business man and showed how he
can bea great blessing to a communl.
ty and how he may be detriment to
a community. Charles w. Robinson
pointed out the evils that Iurk In the
bankers path. Mr.. j, D. Ayers, vice
president of the Bank Of Pittsburg,
made an interesting address.
One thing OF interest in connection
with last nights meeting and some.
thing that has not occurred in any
othor group meeting held in West
Virginia, was that the two eldest
banks Of the. Allegheny mountains
were represented. The bank of Pitts.
burg, organized in 1910, was represent,
ed by It's vice president, ]. D. Ayers
and the National Bank of West Vir.
ginia, organized in 1873, was repre-.
Sented by w. B. Irvine, its vice presl.
dent
The keynote of the speeches was
cooperation. The future of the bank.
ing business will be along the lines Of
assisting each other and grow strong.
er by putting into practice the unity
Of purpose so much discussed but so
often forgotten in the keen competI,
ton found in the transaction of busi.
ness.
On motion of W. G. Brown vote
Of thanks was extended to the com.
mlttee on arrangements and entertain.
ments
The bankers of Group Seven unanl.
mously passed resolution vigorously
protesting against the passage by con.
gfress OF any sort Of Postal Savings
Bank legislation. The resolutions will
be sent to Senators Scott and ElKins
and TO Congressman Hubbard and
Sturgiss. The reasons for opposing tho
Postal Savings Bank legislation by
the bankers as set forth and adopted
last night are as follows:
Flrst-We believe such measure
to be absolutely foreign to a democra.
tic form of government, and that 1t
favors more of paternalism If not socl.
slism, than of Repubiicanism.
Second-The main reason for the
adoption Of this measure seems to be
because 1t was Incorporated In the
form Of a pledge in the platform Of tho
successful party in the last election.
AS is well known, the whole people
have Ia reality nothing whatever. to
do with the making Of platforms, and
there Is no evidence that the people
would not have as readily approved
the successful candidates without
this pledge In the platform.
Thlrd-We believe the facilities al
ready provided for the safe.keeping Of
the esaylngs Of all calsses of the people,
afforded by our State Savings
Banks, Trust Companies and tho
Savings Departments of the National
Banking Institutions, and no country
in any part of the world is so
thoroughly equipped with banking con.
veniences as is ours, all of which are
lat the disposal Of tho thrifty poor, as
woll'as Of the welI-todo, to be ample
and entirely satisfactory to all the
people and to provide for a better
return to the depositer than the pro.
posed legislation contemplates.
/ Fourth-The laws already enacted
by the various State Legislatures. and
the provisions OF the National Bank.
Ing Act for the safeguarding Of the
funds OF depositors, are we think,
adequate, Wise and far reaching, and
III is not In our Judgment right or
proper for the government to enter the
financial field in competition with
properly organized and conservatiyely
conducted banks
Z.