The Ogden standard. [volume] (Ogden City, Utah) 1902-1910, 1910-06-22
CONTINUED From Page one)

Urgency, under the direction of the
State Association Of Bankers, and
thereby pledge all the banks of the
state TO redeem the certificates at
par. OF course, the state association
should have security and or the best
kind, and should only Issue 90 to
90 cents on the dollar, II a plan OF
this kind were prepared now, before
panic arrives. and the stability OF
the plan pointed out to the people In
advance. the people would under
stand the rules governing the Issuing
of clearing house certificates. and
the latter would them be accepted
without objection or hesltancy
'The fact that the bankers from
other parts OF the state had exam
ined the securities of 2 bank Wishing
TO Issue certificates and authorizing
the same. would reinforce the conf
dence so essential when panlcky
feeling prevails.
"Of course. It would be still bet
ter II such plan could be authorized
BY law, but. even without authority
OF law, / believe the bankers of this
state could so organize as to give to
all the banks IN the state stability
and help in the hour OF need, Such
a plan. with all the banks OF the
state back of It, would create conf
dence instead Of dstrust the moment
the certificates should appear.
"Of course, my plan may seem
crude because I present no details
| apprehend. you gentlemen could sup
simply safeguard to ooyercome every
objection that might be raised. 1
call your attention TO this, because.
as q government official, | had some
experience on the reception Of clear
Ing house certificates. If what
have said is Of any value / hape you
may profit by II. II not. / apologize
for having transgressed from my sub
ject
"On behalf of Ogden City and the
good people who live therein, l VOL
come you all to Ogden. l wish you
pleasant time aud hope your meet
ing may bring you good results,
Again. l bid you welcome. | am
pleased to bave you with us and hope
you will come to ogden often"
A. r. HoyWood'e Address.
Welcome of A. r. Haywood. presi-
Clearing House association
President and General Convention:
While this meeting Is called the sec
ond annual convention. it is In point
OF fact, the first, for that of last year
was but calling together for the
purpose OF passing on the adyisability
OF organizing and furnishing the ma
chinery for It's purposes.
II is very pleasing to the mombers
of the local clearing house to be thus
early in your career. honored with
the presence OF, substantially. repre-
sentauyes OF every banking instituI
ton in Utah. and indeed many valued
friends from Kindred institutions Just
beyond our borders
What the mayor has so woll said
is cordially endorsed. and his vol
come, II possible, is made more
hearty.
1t would not be wondered at II our
local committee had not anticipated
all that may be In the minds Of our
guests, but you can rest assured that
We all want TO do what is possible 10
mako your trip a pleasant one. and
shall esteem 1t an additional favor II
you will not hesitate TO command us
IN any way that your iuclinatlons
point out
Wo desire especially that you no
tlce our public buildings, including
the school houses, our jobbing ware
houses. packing plants and manuiac'
tories
While all arc familiar with fertile
valleys and rugged canyons. still you
will nnd this valley fruitful as tho
best, and the canyon more beautiful
than them all. and It's beauties easily
accessible by macadamized road and
electric rail.
Tho bridlo will be of and all gates
swing inward, SO dear friends. relax
for the season and honor us by having
q good timo.
John F. lotions Response.
Hon. John F. Tolton, OF Beaver, in
response TO the address of welcome
said
1T becomes my very pleasant duty
this morning, on behalf of the mem
hers of tho organization. to accept OF
your hearty welcome that has been
extended 10 us as members OF this con-
yention by tho Honorable Mayor Of
Ogden and by the vice president OF
this organization. l feel, as one COM
ing TO the city OF Ogden this morn
Ing, that We have como into the mousse
OF our friends, and | am reminded Of
the beautiful couplet which says:
"When your heels hit hard and
your head feels queer,
And your thoughts rise up like
the foam on beer.
1t is said you are drunk
I'VE plead guilty this mroning, Mr..
President, to state OF intoxication.
but It Is that state OF into1ication
which comes 10 us from pleasure and
from the hearty welcome that we have
received at your hands this morning
We feel. In coming 10 the city OF Og-
den that we are coming to the sec
ond city In our state in the matter OF
population, we also feel that we are
coming TO the city which ranks first
In the matter of progress. In the mat
ter of enterprises. In the matter OF
extending hospitality to the guests
within your gates thie morning,
There ore many things OF inter
est, take il. that will be discussed
during the proceedings of this con
yention, and l feel that as a band
of men who are interested In one com
mon cause, that there should be a
closer union and relationship existing
hotween ia than has been In the