The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1911-06-30

The morning session Of the Stat
Bankers convention was largely at
: tended and two excellent addresse
! were listened to, besides a general dis
cussion concerning collections. nh
president and vice president wer
elected for next year and both mad
short speeches. A great deal of in
terest was manifest In everything
brought up this morning, bankers TAX
ing an active part in the general dis
cussions. The addresses are all owe
and the remainder of the time will b.
given to unfinished business and t,
general discussions.
Mr.. Farup, the new president, wa
escorted to the platform. He made
brief talk, in which ne paid a higl
tribute to the farmers of the state, whc
he said were the backbone of tn,
country.
Il r. S. Adams. the newly elected vice
president, was also escorted to the
platform and made brief talk.
Sen. w. B. diversion of Williston de.
livered the first address this morning
before the convention on the subject
Northwestern North Dakota. His ad-
dress will be given in full in tomor-
rows edition of The Forum. The adj
dress given by w. P. Snyder on Modern
Methods of Utilizing North Dakota Liz
mite Coal, the same address that Mr.
Snyder delivered before lie legislature
Thursdays Forum.
The second address was Better Ex-
animation and Bank Supervision, de-
livered by ]. N. Kuhl, cashier of
the First National bank Of Towner,
and was very interesting all the way
through. The whole address was a
plea for more efficient bank exami-
nations tand more responsibility to
rest upon the directors instead of the
cashier.
Mr.. Kuhl spoke of the new law
which goes into effect July /, and
which calls for two bank examina-
tions annually, for more helpers to
assist the state bank examiner who
shall be paid better than heretofore,
and which gives the state bank exam
liner the power to divide the state into
districts with deputies over each dis
trict. He explained how the new law
will affect the banking business and
the good to come from it.
In concluding his excellent address,
Mr.. Kuhl recommended that the di-
rectors in the country banks espe-
80
ity of the institution, and relieve the
cashier of some of the responsibility.
He urged the cashiers to work in
harmony with the other bank OFF,
Gals and particularly urged the bank
ers to keep harmony between the state
and national banks.
Following Senator Kuhl, Prof. w. c..
Palmer of the state agricultural coll
lego gave a short talk in which he
urged the bankers to talk deep blowing
to the farmers strong, and keep at 1t
all the time He exhibited some draw
ings with pictures of plants growing
on deeply plowed ground and upon
ground that had been plowed shallow.
He recommended that the bankers get
these pictures on postal cards and
send them to the farmers of the state.
Upon suggestion. it was moved that
the president appoint committee to
take up this matter Of deep blowing
and see that it is kept before the
farmers of this state for at least six
months. Reports were read from the
committee on insurance and bonds,
and from the committee ON auditing.
Following this business, the general
discussions were taken up but owing
to the lateness of the hour, only a
discussion on Collections was held
This was led by C. H. Simpson Of
Neville and pertained to the adoption
of some method whereby the bankers
can receive some compensation from
the collection of wholelae houses sight
drafts.
j.. w. Lusk's Address.
One of the best speeches heard at
the bankers convention was delivered
yesterday afternoon by ]. w. Lusk,
president of the National German
American bank. st. Paul, on the inn
portant subject, Plan Of Monetary Com
mission for a National Reserve AS
ISOLATION of the United States.
Mr.. Lusk first told the bankers OF
ZIG HieCLll4SS at <AlAdlllCl LILY WHERE Z
the leading financiers of the country
had been summoned by MIR. Aldrich
to take UP "the greatest question Of
this country according to President
Taft, the currency question.
He then talked at length on the
panics that this country undergoes ev-
cry SO often and to which no other ma
ton is subject in SO serious manner.
Wall street. he said. was the starting
place Of the panics which in a short
space Of time spread over the entire |
country, tying up all kinds Of business
and affecting everyone In the nation. |
For 100 years, these panics have
been coming at intervals Of ten years,
and not until 1907 did the bankers
wake up and try to do something to /
remedy the evil He then went on
10 tell in brief. the nature Of the Ma
Eional Reserve association Of United
States which will have Washington
40 the head with fifteen branch or dis
Grict offices. Each state then is to
nave branch offices which will COM
municate directly with the district Of
aces.
Mr.. Lusk then showed very plainly
how the organization would work ana
how provisions had been made to