The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-06-23
III. H. Walker of Salt Lake Is
Elected President of State
Association.
C0RFMAN RAPS LAW
ON BANK INSPECTION
After Adjournment Delegates
See Fruit District and Visit
Power Plant.
Special to The Tribune.

Special to The Tribune.
PROVO. June 22-Thc second day
of the Utah Bankers association con
vention commenced with an address
"On Utah Banking Law, l911,' by
Attorney Elmer T.. Corfman of Provo.
Mr.. Corfman criticised the section In
the law creating the Office OF bank com.
missioner. and naming the secretary of
state as eX officio bank commissioner,
because that officer might not be man
acquainted with banking, and the same
criticism was applied to the bank cx-
aminers. There should be provisions
requiring these officers to be qualified
In the banking business, said the speak.
er. lie also held that there should be
provisions made that would more clear
ly guard savings deposits from being
encroached upon by the commercial de-
partment of the bank, where the two
are conducted together, as under the
present law the time depositors can
withdraw all the money and leave moth.
ing for the savings depositors.
Law May Be Invalid.
Mr.. Corfman expressed doubts as to
the constitutionality of the law deny
ing the individual the right TO engage
IN the banking business, and con6ning
TINS business to corporations.
f. G.. Jensen, vice president Mt,
Pleasant Commercial and Savings bank
spoke on 1.-The Sheep Industry and
Prosperity
f. II. Snow, president of the Bank of
st. George, spoke on "Resources and
Attractions of Utah's Dixie
At the afternoon session addresses
were made by Hon. E. NJ. Allison. Jr.,
OF Salt Lake, on Prosperity and Po-
l'tical Agitation" by Hon. William
Spry, governor of Utah. on Common
wealth Of Utah
AT the afternoon session the Salt
Lake chapter of the American lnsti-
tute of Banking was made section OF
the Utah Bankers association.
In order TO legalize the admission
Of the Utah chapter OF the American
Institute of Banking, the constitution
of the Utah Bankers association was
amended by the addition of section Z.
which provides for the admission Of
'any chapter Of the American Insti-
tute Of Banking in the state of Utah
by majority vote. -
M. H. Walker Is President.
After naming Logan as the place for
the 1912 convention, the officers for the
ensuing term were elected, as follows:
President, NJ. II. Walker, president
Walker others, bankers, Salt Lake
City; first vice president, H. G.. Bige-
low. Ogden State bank; second vice
president, J. NJ Peterson. the j. M.
Peterson bank, Richfeld; secretary and
treasurer, Charles II. Wells. assistant
cashier Utah National bank, Salt
Lake; executive committee (two years).
Frank Knox, president National Bank
Of the Republic, Salt Lake; H. E.
Hatch, cashier Thatcher Brothers
bank. Logan; f.. II. Snow, president
Bank of ST. George.
The holdovers of the executive com
mittec are: j. NJ. Whitmore, president
First National bank of Price: J, T.
Farrer, cashier Provo Commercial and
Savings bank; Joshua Greenwood, vice
president State Bank of Millard Coun-
", Fillmore.
After the adjournment the delegates
were taken In automobiles for ride
through the fruit district and to the
Telluride Power company's plant at
the mouth of Provo canyon,