East Oregonian : E.O. (Pendleton, OR) 1888-current, 1910-06-24

northwest to operate during the sue
ceding months.
The appointment of the committee
was the next order of business, but
President Schmeer said this would he
left uutil later and called e. T. Co
man, president of the Exchange Ma
tional bank of Spokane. The Spo-
kane banker then read very inter-
esting paper on Limitations and Liza
bility OF Bank Directors"
The feature OF this afternoons ses-
sion is the five minute report by
counties on local conditions" These
were headed by George n. O'Brien,
cashier of the American National
bank of Baker City; C. A. Dobell,
cashier Benton County National bank
Corvallis, and C. R. Higgins, assistant
cashier of the Astoria National bank.
Several others are due to speak be-
fore the convention adjourns for the
| day.
The feature of the morning session
! was undoubtedly the annual report
J of the president which appears in full
below
Annual Report of President.
1t gives me great pleasure to meet
you again and to have the honor to
preside over such a splendid gather
ing of bankers.
1t Is with much regret that l ter
inmate my work as an officer of this
association, however, you will always
find me in the ranks ready and will
ing at all times to work for the good
of the association.
owing to the short time allowed us
for our business meeting, have made
my report as brief as possible and
will confine myself to a review of the
work accomplished by our associa-
ton during the past year.
General Conditions.
The entire banking interests of our
state were never in a more healthy
and satisfactory condition. and with
honest and conservative management.
backed by the wonderful resources of
the state of oregon, there is no rea-
son why any bank should become in
solvent and the record of our state
in this respect has been a gratifying
one not a failure having been re-
ported during the past year.
At the last call of the comptroller
of the currency we had in Oregon 144
state banks and bankers with deposits
/ Of $52, .969,SS, and 70 national
banks with deposits of s47,77T5OO.
making a grand total of $10O.617.-
1929. which shows a large increase
OF deposits over the same period in
the year 1909
Railroad development in the state
of oregon has just begun and with 1t
will come the development of the ma
terial resources of our state. rapid
increase in population, the building
of villages towns and cities, all of
which will demand banking institu-
/ tions sufficient to meet the necessi-
the state of Oregon were never bet
ter.
American Institute In Banking.
I desire to call your special atten-
tion to the work of the American In
situte Of Banking, an organization
with which most of us are more or
less familiar and which is doing good
work in educating and increasing the
efficiency of bank clerks. This or
ganization is entitled to and should re-
ceive the moral and financial sup
/ port of all the banking institutions
! OF the state. There Is but one chap
ter in oregon Portland chapter, with
membership OF 15S. Other chap
ters should be organized in the small
er cities and towns and 1 hope that
/ the members of this association will
encourage and assist the boys in every
, way possible.
Membership.
We have been very successful in Sc
/ curing new members during the past
year and we now have a membership
of 1853 and five nonresident mem
bers. When elected as your presi-
dent at your last meeting, I said that
l would not be satisfied until every
bank in the state of Oregon was a
member of our association and while
we have grown, / will not be salts
fled until every bank has become a
member. And right here I want to
impress upon you the necessity of
every member of our association TAX
ing 1t upon himself to make an ef-
fort to bring all banks not members