The Washington herald., 1912-11-13
Local Financial Matters

! market or otherwise, the company seems
TO be acting within its rights.
This might readily be the Inference
from failure of law talent to break into
the limelight on the case.
| One of these days the State banks OF
Kansas will take rank with the best. A
system Of examination has been adopted
and applicants for charters are requested
to send the president-elect and cashier
| tc-be to Topeka, where the banking de-
partment conducts a two days exam
nation. The board consists of State
Bank Commissioner ]. n. Dolley and
his two assistants. This Limitation does
not apply only to new band officials, but
to new officials of banks.
The applicants are given a written eX-
animation on the banking statutes of
Kansas, the negotiable Instruments law,
and on general banking, theoretical and
practical.
Applicants failing to reach an average
OF 20 fail. They are then given thirty
days to perfect themselves, and are then
given another chance. Failing on the
second examination, they are told that
their prospective jobs must wait a Year
for their presence, when they may un-
dergo a repetition of their school days
and take the dreaded examination. The
usual diploma is the reward of passing.
They have always had a reputation Of
doing queer things in Kansas
1t is necessary that a new cashier or
managing officer shall have had two
years experience in banking in Kansas.
or four years outside of Kansas, before
he will be accredited by the State COM
missioner.
A secret service has been started and
it is working well. When a suspicion is
excited. a cashier going wrong, or even
starting down hill, the secret service has
an eye on the culprit and either saves
or fires before damage results to the
bank.
One thing is certain. the. State banks
OF Kansas will be lifted to a higher plane
by the various regulations that hedge
the banking business about and yet some
of the most famous of the bank presi-
dents of to-day would have been inellig-
able to minor positions in Kansas, at the
time they entered upon their careers as
heads OF banks.
Edwin A. Potter. president OF the Con-
tinental American Security and Trust
Company went from the piano business.
full-hedged to a successful career as a
bank president: Frank A. Vanderlip be
came private secretary to Mr.. Gage, from
a newspaper position. thence he jumped
to Importance in the National City and in
short order to the presidency.
Unquestionably both could have an
swered all questions of the Kansas board.
There are scores Of instances like the
two mentioned.
Every member of Washington Chapter.
American Institute of Banking. who is
able. Will be at the chapter rooms to-
morrow night to hear lecture on Bank
The speaker will be none other than
Joshua Evans. jr.. assistant cashier Of
the Riggs National Bank. and one OF the
most capable and well informed bank
officials. not only in the District, but
elsewhere.
Mr.. Evans is an authority on bank
familiar with all forms of
accounting and his lecture will be valu-
able to young and mature keepers OF
bank records.
There seems to be a presentment in
financial circles that either Robert n.
Harper or w. V. Cox will head the 1913
inaugural committee. II either is chosen
the banking fraternity will be honored.
II is an easy matter to raise money for
the inaugural pageant and ceremonies in
cident thereto.
Anyone familiar with the ropes can
easily secure any amount needed, be-
cause the givers or lenders count on be-
ing repaid in full. and the assets are
usually greater than liabilities. More |
over there are some honors that go to |
the cheerful giver.