The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1915-07-09
BANKERS IN
SESSION HERE
Northern Group of Montana
Bankers Assn. Meet Here
VISIT FARMING SECTIONS
Bankers Taken on Auto Trip Over
North and South Benches and
Shown Agricultural Progress

North and South Benches and
Shown Agricultural Progress
Bankers from practically all the
cities of northern Montana met Satur-
day, July 3rd, at Glasgow, where the
fifth annual convention of the North
ern Group of Montana Bankers was
held. The meeting proved a pro-
nounced success from a business, So
cial and instructive point Of view and
everyone expressed extreme pleasure
for the privilege of attending.
Owing to No. of the Great Nor
thern being two and one half hours
late many of the delegates did not
arrive in Glasgow until 9:4O a. m.
and the morning session scheduled for
$3.50 was not called to order until
1O:45 and the business session was
necessarily shortened as a conse-
quence. Thirty delegates were pre-
sent and each entered into the spirit
Of the meeting with enthusiasm, re-
sulting in many valuable points rela-
tive to the banking situation in north
ern Montana being discussed, bring
ing the members to more certain
understanding and drawing them clos
er together in their views of treating
situations arising in their business.
President R. M. Young, Cashier of
the First National Bank of Glasgow
called the meeting to order, Reverend
B. F. Meredith pronounced the invo-
cation and Mayor P. E. Kent made
the address of welcome to the visitors.
In welcoming the bankers to Glasgow,
Mayor Kent, presented them with the
Golden Key of the City, placing it
in the hands of F. w. Hall, Secre-
tary and Treasurer of the Association.
The visitors were informed that the
key was emblematical of freedom to
do as their desires prompted while in
Glasgow, to enjoy all the privileges
and perquisites which it implied, as
it would open the door of every op-
portunity for pleasure or knowledge
desired while in the city.
The address on behalf of the Glas-
gov Bankers scheduled in the program
to be given by j. E. Arnot, President
of the Glasgow National Bank, was
unfortunately omitted, owing to Mr..
Arnot having been called away from
the city unexpectedly. Hon. C. F. Nor
ris of Havre scheduled for response
was prevented from attending the
meeting owing to the blocking of train
service by the wreck near Cut Bank.
He wired his regrets and best wishes
for successful meeting.
Discussing the "New Banking Code
of Montana" Mr.. R. o. Kaufman,
Cashier of the Union Bank and Trust
Co. of Helena, held the attention Of
every member during his entire ad-
dress. In his remarks he briefly
sketched the shaping of laws govern
ing banking as they had developed in
Montana during the past twenty years.
He called attention to the great adj
vancement in banking methods during
that time and briefly sketched the
easy conditions under which private
banks had been able to operate prior
to 1918 and the passage at the last
legislative session of new law gov
erning the general banking business
in Montana.
''The law passed at the 18th Gen.
eral Assembly is good law, not only
for the banker but for it's patrons"
Mr.. Kaufman stated in his address,
"It will eliminate the private bank
for one thing and make banks more
staple. Nothing contributes more
thoroughly to the detriment of bank
ing and it's stability, than the un-
reliable private bank operated without
proper business methods and in many
instances by unscrupulous men, who
disregard moral and legal RESPONSE
bilities. It is such institutions that
must be kept out and the recently
passed law will do it. Another feature
of the law is, the government of for
eign banking connections and this
tends also to benefit the patron as we'll
as the bank"
Many other salient points of the law
were discussed in the address Of Mr..
Kaufman, bringing the attention of
the members to features that might
be overlooked which should be borne
in mind by them in their every day
work. The desire for some further
legislation was pointed out by him
and recommendations made whereby
the organization might bring about