The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-08-25
THE INSTITUTE OF BANKING.

The American Institute of Banking
has Just closed an active and satlsIac-
tory session III this city. The institute
was attended by large numbers OF bank
ing men from all over the United States,
and all Of them were delighted with
Salt Lake City and its surroundings,
Undoubtedly they viii carry home with
them pleasant rccolectIons Of the city
and It's people, and they VIII be able TO
give TO inquirers in them places of resi-
uence and of business enthusiastic re.
ports as to opportunities here ana III
Utah generally Tor progressive men and
for capital To do business.
The members Of the institute were,
while here. shown some Of the more
readily accessible attractions of this re-
gion, and in every case they were
warmly approciative OF the beauties and
attractions, both in social and busl-
ness way, of what they wore shown. All
this will make for a good feeling TO-
wards Salt Lake, and undoubtedly this
city will gain largely by the Impressions
thus created.
The papers read by the banking men
wore well thought out, and were educa~
tional in their trend and effect. The
address of President Jordan of Stan
ford University on tho peace propa-
ganda was well received, and III the
abstract is unanswerable. Practically,
however, it is fact. just as stated by
a noted European diplomat. that any
nation which at this stage OF the
world s progress would deliberately dis
arm, would from that moment cease to
be an independent nation, The proof
Of this is evident in the dispatches
every day where any mention Is made
of China. China is in the pitiable con-
dition that she is simply because she
not only deliberately disarmed, but de-
liberately and Of purpose refused to
arm, and holds the occupation OF arms
to be contemplate among thinking men
and philosophers. Abstractly, of course,
the Chinese were just as right in this
as DR.. Starr Jordan is in his address;
but, practically considered, they arc
both out of the running altogether.
Judge King of this city delivered an
address that was much appreciated,
upon the questions Of combination and
trade. In this address the Judge was
not bit radical, but, on the contrary,
showed unexpected conservatism. He
not only admitted, but showed, that
ordinations OF capital and Of energy
are the inevitable tendency of the time,
and that what is really desirable is TO
have those combinations turned into
agencies Of relief and benefit rather
than of oppression. All that is clearly
true; but the means whereby this can
be done has. as yet, been but imper-
fectly worked out.
Altogether the session Of the Ameri
can. Institute of Banking in Salt Lake
City was one in every way agree
able and beneficial. Progress was made
in financial education, and in the dis
cussions had there was a broadening of
thought and a strengthening of honest
purpose to do what is best and right,
not only for the individual but for the
the community, Banking has long since
ceased to be a mere business of hand"
ling money. 1t is recognized as one of
the great community interests, and the
banks themselves recognize now as
never before their obligations and duty
to the public at large, This view was
fully expressed and maintained in the
sessions Of the institute The men com
posing that body did good work while
here and the benefit of their session
will react not only upon Salt Lake City
and Utah as a community, but upon
the members themselves in their activi.
ties in every part of the United States.