The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1912-01-31
BANKERS OPP0SEOTO
SOME FEATURES Of
ALDR|CH ACT
State Association Council to
Present Views Through
a Committee
BETTER
FARMING
Small Appropriations Pro
posed-Big Session Will
Take Place Thursday

North Dakota bankers represented
by the executive council of the State
Bankers association, in session here
today. are not favorable to several
features of the Aldrich currency bill,
and will, through a committee which
probably will be appointed late this
afternoon or evening, seek to place in
the hands of the Flickertail members
In congress reasons why they do not
look with kindly feelings upon the
provisions in question.
The sentiment was brought out at
the morning session of the council,
held at the Commercial club rooms
and presided over by w. C. Mellow
ell of Marion, and at which practical
ly all members of the council were
present.
No vote was taken on the question
this morning, but the several mem
bers of the council set forth their
views on the proposition. The pro-
vision Of the act which places North
Dakota and South Dakota in Il dis
trict apart from Minnesota is one to
which they do not take kindly. as the
twi ncities form the largest financial
center of the natural northwest,
III "a Jul OGSoItlc lte ldtS-
est financial center in the district
that it is proposed to place North
Dakota. This would not necessarily
mean that the North Dakota banks
would do business with Omaha, but
the arrangement would not be entire
ly satisfactory.
Another provision of the act is that
relative to the capitalization of banks
which ma ytake advantage of the
Ia, - N~p1- A. 81 r ah~
law provides that the banks must
have Il capital stock equal to that re-
CURED by the national banking law
in the organization of new banks.
Thus. banks of Grand Forks and Far
go. with a capitalization that is under
the requirement of the national bank
ing law. as affecting those cities to-
day, would he barred from participa-
ton. The banks in these two cities
were organized a number of years
ago when the population was no SO
great. and when the capitalization did
not have to be as large AS II does
now.
The committee that it is proposed
to appoint would thoroughly review
the measure at the earliest possible
moment and present it's findings to
the Dakota congressional delegation.
Endorse Better Farming Substantially
ouUSldIlIdi ciuOISGHleUI OIL t1e
Better Farming association is also
proposed by the council, such en-
dorsement to be in the form of finan-
cial assistance. 1t is proposed to pass
a resolution urging all banks of the
state to make a donation of a small
amount to the association for the
carrying on of its work. and such do
nations Will. In the aggregate. bring
the amount up to IL goodly figure.
Thomas Cooper. secretary of the as
ISOLATION. will be an arrival in Grand
an address to the bankers.
The State Banking association was,
in a large measure. responsible for
the organization of the Better Farm
ing association. and now that the
work has got we'll under way. it is
proposed to continue the support in
n substantial manner.
Boosting Next Meeting.
The council members are boosting
association which will be held at
jamestown. 1t is proposed to secure
some speaker of national renown as
a drawing card. and with that as the
feature, to build up y program that
will serve to make the gathering the
most successful in the entire history
o fthe organization.
GRAND FORKS VIII DC considered at
the Jamestown meeting. as a candi.
date for the 1913 gathering. and
there is a great deal o Favorable
sentiment among the bankers for this
city. Last year Grand Forks was a
candidate against Jamestown. but was
defeated. In the coming gathering,
however. better things are hoped for.
To Tender Luncheon.
This evening the visiting bankers
will be rendered a luncheon by the
Grand Forks bankers. Tho plan pro-
vides for several addresses at that
time. while later in the evening the
council will resume its business ses-
sion.
Group Association Thursday.
Thursday the organization Of the
group association will be perfected.
The association will comprise the
bankers Of Grand Forks, Walsh,
Pembina, Cavalier and Nelson oun
ties. and will be a part OF the general
system of group organizations prev
alent over the entire nation.
There will be between rs and 100
bankers in attendance, and the indi-
cations are the gathering will be a
complete success.
The Grand Forks bankers have ar
ranged for the social features and
will see that their visitors will be in
terested every moment Of the time
they are here.