Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1914-07-04
SOUTH DAKOTA BANKERS.
HOLD ANNUAL CONVENTION.

kota Bankers association at Aberdeen
last week was delivered by the vice
president of the association, 7. w. Deli
cate, who in opening his talk, paid
tribute to the deceased president of the
association whose place he took. He
went on to speak of the work attempted
by the association, especially along the
line of increasing the interest in better
farming methods and keeping the boys
on the farm. The agricultural com.
mittee of the association is strong one
and this committee Mr.. Delicate credited
with having agitated the question and
having laid the foundation for better
farming in the state.
Mr.. Delicate referred to the bill re-
garding guarantee of bank deposits which
has been initiated by petition and which
will be submitted to the people by the
1915 legislature and will be voted upon
at the general election in 1916. Assum-
ing that the bill will receive sufficient
votes to pass it, Mr.. Delicate suggested
that as the bill is not satisfactory to the
banks strong committee to handle the
matter and to adopt ways and means for
substituting bill under which the
banks can safely do business be appoint
ed.
He said of the bill: "The intended
bill provides that each state bank prac-
tically should guarantee the deposits of
every other state bank doing business
in the state. Every bank seems willing
to guarantee his own, but hesitates to
become responsible for the business of
a competitor whose responsibility he has
no way of ascertaining."
Speaking of the federal reserve act, he
said that those representing the financial
interests of the entire country seemed
ready and willing to give it fair and
impartial trial and are using their best
efforts to cooperate in making the law
the success it is intended to be toward
the establishment of strong, stable and
satisfactory banking system. This de.
termination, he said, it is believed will
make the reserve act everything to the
contrary that is expected of it.
Concerning South Dakota he said: l
feel impelled to say few words concern
ing the state in which we live. Whether
We call it Sunshine" or Coyote" l
think you will agree with me in the
statement that it affords the greatest
possibilities for active young men. Per-
haps more than any state in the Union.
In fact it is truthfully said that South
Dakota is producing more new wealth
per capita than any other state. My
home is in the Black Hills, the topogra-
ply of which is a severe contrast to
your beautiful prairies this side of the
Missouri. You love your East but we
too love your East and our West. The
prospects for our state, both from an
agricultural and mineral standpoint,
were never so bright and it appears to-
day that the great state of South Dakota
is at last coming into its own, and we
will soon be ranked as one of the greatest
states in the Union. Our fertile farming
lands in the East and Live Stock and
Mineral Resources in the West will de-
mand such recognition.
In conclusion, be boosted for the con-
vention next year in the Black Hills by
saying, understand you will be asked
to assemble next year in city in the
Black Hills, "The Richest One Hundred
Miles Square in the World" lam from
that district and feel pride in asking
that you accept that invitation and hold
your next convention Amid the Hills
and the Pines where the Ozone you
Breathe is the Perfume of the Gods.
Where Hospitality knows no Bounds.