The Union times. [volume] (Union, S.C.) 1894-1918, 1914-01-23
GROUP ) BANKERS HELD
ANNUAL MEETING HERE
eenng Held Monday in Chamber Of Commerce and an Insuc
I'VE Program Carried 0u. Luncheon and Trip Around
City Given Them BY Union Bankers

Group OF the State Bankers as
sociation held it's annual meeting
here Monday. A full representation
from Spartanburg, Union, Cherokee,
Chester and York counties was in at
tendance. The meeting assembled, At
noon in the chamber of commerce
ooms and was called to order by
John B. Cannon, of the Bank of Spar
tanburg, chairman of Group 8. The
secretary Of meeting was Robert
Gage, of Chester.
The address of welcome was deliv-
cred by Emslie Nicholson, president
of the Nicholson Bank & Trust Co.
and formerly president of the Stats
Bankers Association. He expressed
great pleasure in having Group 8
meet in Union and said, "Competi-
ton is all right; but cooperation is
better. We trust the warmth Of our
meeting will be so warm that YOU
will want to stay indefinitely in I'm
ion." ~s
Mr.. Gilkie, of the Peoples Bank, Of
Campobello, responded to the address
of welcome. Felt sure great benefits
would result from such meetings and
expressed pleasure over being here.
oped all would receive great bene-
fit. ~
The minutes of the last meeting.
leld in Spartanburg, were read and
approved. Report of w. M. Corkilf.
chairman of the committee, appoint-
ed to prepare. a constitution and bvz
laws, was read. The report aftar
amendments were adopted.
J. Roy FAINT introduced resoifi-
ton urging the legislature to pass s
bill appropriating $4,000 TO he3n
With the work Of cattle tick eradicS-
tion in South Carolina. The motto
was, carried. ts3 8
Bright Williamson, presids1k
the state Bankers, associatiar
cred sn address on the rels
OF Group 8 as an association. The
speaker said in part: "The relation
of the group system to the State
bankers association is very close. He
thinks the group idea will largely
prevail. Groups compare to, the
State association as States of the
Union to the Federal government.
There is often different needs in diff
ferent sections of the State. For ex-
ample, tobacco raising in the eastern
portion of the State makes different
conditions from other sections. The
association was organized to promote
the welfare of the State and protect
it against crime. The young genera
ton of bankers will be trained by as
sociation with the older and more ex-
perienced members who will soon
pass out. The spirit of cooperation
and confidence which prevails is nee
essary for the good of all the busi-
ness of our State. Personal acquaint-
ance is thus greatly advantaged. The
personal equation and wide ac-
quaintance are chief assets in busi-
ness. Fortune in her second knocks
must knock second time much hard
n than the first to be heard. Friend
ship and courtesy eliminate waste,
and gives many advantages. The
young man who cannot find pleasure
in healthful rivalry and has no time
to be friendly and courteous has
missed his calling" The speaker re-
ferred to this day being the anniver-
sary of Robert E. Lees birth. Paid a
high tribute to that great statesman
I'd held up his character as an ex-
ample to the young men. He an
nounced the annual meeting of the
State Bankers Association will be
held In June ut the Isle of Palms. It
was moved and carried that Mr.. Will
liamson's speech be published.
The subject, Bank Balances as a
Basis for Loans" was next presented
by Ira b. Dunlap Of Rock Hill. He
said in part, "The money you hold is
trust money; and the questions you
should settle are: is the borrower a
good customer Will your loan be
used in the community The funds
of the bank largely belong to the
public. Too much of the personal
element enters into many of our
loans. If we eliminate the personal
element we would not go wrong. We
often think more as to friends than
as to the merits of the request for a
loan. If the party has always been a
good customer and can give good pa
per, then make the loan. But con-
slider the influence the loan will rem
der your business. A loan, simply
because 1t is good, is not reason