The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1911-06-21

catlOn ana Ln1S was followed by the
reports of Secretary Charles R. Frost,
of Minneapolis and A. G. Wedge, Jr.,
of the Bemidji First National Bank.
Mr.. Tawney then spoke, reading his
remarks from typewriter manu-
script. He cited the initiative and
referendum and recall as tried by
Switzerland for several years and
drew deductives to show that a ma
jority rule of the people is a poor
rule.
James A. Tawney of Winona was
introduced by President Huntoon as
one of the leading statesmen of to-
day, man ''who knows as much
about the government of the United
States as any man in the state of
Minnesota
Mr.. Tawney arose amid loud ap-
plause.
Mr.. Tawney condemned the refer
endum and recall. He referred to
the method used in Switzerland
where the referendum was in use,
and recommended that the state of
Minnesota should never accept such
a law. In speaking of the referen-
dunn he told of how it was being used
in Oregon, how four elections were
held in that state inside of month,
for the purpose of satisfying unsatis-
fed politicians.
eff the recall should come into ef-
feet it would mean that men of
ability would refuse to accept office
for the erason that there would be
fear that the minority would in
some manner secure enough signers
to the petition to meet the required
per cent for dismissal from office, and
thereby turn faithful officer out of
| office, thereby running forever his
good reputation and casting re-
fiection on his family that can never
be forgotten.
"lf.the people Of this state insist
| upon the recall it will mean that we
will have less competent set of Of
ficials,' he said
Mr.. Tawney paid his compliments
to so called "progressives" and in
surgents, whom he arraigned in
scathing language.
Kelsey S. Chase, state superintend.
ent of banks spoke on "Registration
of Commercial Paper"
Kelsey Chase Gives Advise.
A few of the remarks made
by Kelsey Chase, state superintend.
ent of banks, follow.
! "The banker has not only beer
willing but anxious to do everything
to have every detail of his bushes.
examined thoroughly and in addition
to the examination by state or ma.
tlonal bank examiner, every vel
managed bank has an examinins
committee selected from it's boar(
OF directors to carefully go into thu
affairs OF the bank. The bankers il
the larger cities have gone a ste1
further and employ special examin
err.
eff this painstaking audit and ex
animation is right and proper
safeguard, it would seem that hones1
merchant and manufacturer would
encourage the same method whereof,
the men who loan him money coul(
ascertain his true financial condition
Failures Open Eyes.
"A number of failures in this ter
ritory during the past year or two
have served to open the eyes of thu
bankers in the northwest. Up to {
few years ago, Minnesota banker.
were generally carrying commercial
paper as a secondary reserve, but
today the number of banks which
have any commercial paper at all i!
small. This, in my opinion, is to b.
regretted for the reason that CONNER
cial paper properly safeguarded is {
very desirable asset for any bank
1t is an ideal asset for it represent.
circulating capitol. That is to ga,
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