Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1911-10-19
BANKERS HERE
CONTINUED from Page one.)

made by the CompLrOIler VI NuflonN'
and by the Bank Commissioner OF
this state to have the banking laws
complied with and 1t is a pleasure
TO state that their efforts have been
notably seconded by the goods bank
ers OF the state"
Aldrich Plan and Country Banks.
Thornton l.. Cooke at the after
noon meeting discussed carefully the
effect of the proposed Aldrich plan
on the country banks. Mr.. Cooke
said: "The effect on the country
banks Is the proper view point for
the Aldrich plan. The problems OF
banking and currency will not be
solved except on some plan approved
by the country banker. Numerically
he is the largest factor in the Amer
lean system. OF 1888 national banks
represented in the last annual re-
port Of the comptroller OF currency,
4543 had each less than 100000
capital. No reform will be practi-
cal without the cooperation of the
small banks that finance the early
processes OF production and distrl-
button. In other words, no reform
will be acceptable unless 1t aids the
work of the country banker.
"The plan suggested by Mr.. AID
rich to the National Monetary Com
mission is a plan by which all banks
not only In the city but in the coun-
try, may legally cooperate as city
banks have on occasions cooperated
through their clearing houses, by
combining their reserve and issuing
credit notes. The plan is not
measure OF initiation. It Is not a
scheme to monopolize money bank
ing or credit. 1t is not an instru-
ment to Cypress industry. and 1t Is
not a trick to suppress the individual
ism OF the country banker. When
the plan goes into operation coun-
try banks will be helped by It's
action upon business in general, and
will specially be affected by some
Of its provisions.
He gave a detailed outline of the
plan as proposed by the monetary
commission. at means" said he,
"greater usefulness to the commun-
ity, and steady efficiency to on the
part of the banker. Without those
periods of insufficient credit that
come to many country banker, and
almost every year, and without those
heart breaking periods OF the total
collapse of credit that come to all
of us several times in life. The con-
dition We laid down for our accept
ance of the plan are satisfied, for
1t guards the personality and In
dividualism of American banking
Allowing great weight to numbers
preserving the relations Of the coun-
try banker with his city friends, and
making those relations potentially
more useful, yet providing a new
and ample source of credit In emerg-
ency, 1t Is the country banker who
is the first beneficiary Of the Aldrich
plan"
"Ebb and Flow of Cash."
G, L. Brokaw, cashier of the Com
mercial National bank, Kansas City
Kansas, talked on 1.-THE Ebb ant
Flow of Cash in Kansas" He dis
cussed the increase and decrease o.
deposits in reserve centers. Money,
said he, FLOWS in December ant
January through the payment o
taxes and the settlements Of the frs
of the year and in February ant
March from the selling of full fet
cattle. 1t GIBBS in April, May AM
June for the buying influence whel
farmers are getting seed, nipple
ments, ETC., and selling little. |
Gibbs in early fall from the settle
ment Of harvest accounts end fal
buying. In the year ending Sept
80, 1910, Kansas City exchange
figures were s2,61S.7S5,OOO, exceed
ed by only five other cities in tn
United States. Kansas is the let
state In manufacturing. about 5000,