Grand Forks daily herald., 1916-06-15
BANKERS BEGIN =
ANNUAL MEETING
CONTINUED from pare ID

Continued from page IL
City, have given the association faith
full and very valuable service during
the year in an effort to get every
bank in the state enrolled as MEM
ber, but there still remains few
banks who do not seem to be willing
to make the effort to learn the value
Of membership in an organization Of
this kind, whose motto is. "Orsanized
Effort for the Development Of our
State"
A complete list Of mem bers Of the
association will be printed In the
North Dakota Banker Of July, which
number will also contain the proceed
ings Of the 1916 convention.
Banking Education.
am convinced. after the years Of
experience as secretary of your asso-
citation. that no more profitable work
can be undertaken by the association
than that Of interesting all bank en-
ployes in the course of study in Bank
Ing and Commercial Law provided by
the American Institute Of Banking
Section Of the American Bankers as
sociation. Bank officers of our state
have evidently not familiarized them
selves with the opportunity afforded
by the Institute of Banking for the
training Of bank men through these
correspondence course Of study.
The benefits Of a systematic course
Of instruction in the subjects treated
in the courses of study provided can
not be overestimated and in order
that the attention Of all members of
subject we have invited Mr.. Geo. e.
Allen. educational director of the
American Institute Of Banking, to at
tend this years convention. am
sure after hearing Mr.. Allen you will
realize the importance Of appointing
an ehicient committee to take charge
Of this work and complete a plan by
which the association can assist in
enrolling a large number Of bank en-
in Banking and In Commercial Law
and the Negotiable Ipstrumants Act :.
am sure you will agree with me
that it should be made compulsory up
on every bank employe to take these
courses upon entering the service of
any bank, instead OF being left to ab-
sorb what knowledge of the business
he can in his work day by day. The
costly errors made by inexperienced
year .as they are left to gather the
knowledge needed for their success
In the business. in any way they can.
Is alone a sufficient argument to In
terest every bank omcer in the state
In this subject 10.
Burglary Insurance
Only one successful bank burglary
in the state has occurred since our
last meeting. The safe Of the First
State Bank Of Kiefs was blown by
professional "yeEgs' early on the
morning Of November 6th and about
$1,700 secured. after doing consider
able damage to the bank building.
Tho loss was fully covered by insur-
ance In the Maryiend Casualty CO..
and promptly settled Two unsuccess-
full attacks were made on banks dur
ing the year. at Bremen, N. D., July
2Sth ana at Alsen. eeptember II.
Our association company The
North Dakota Bankers Mutual .Casu-
althy company has aSain closed the
association year without q loss and
with a gratifying ana substantial
growth In business and resources, the
total resources Of the company at this
time being 322,S0S.65.
The competition which the COM
pany has afforded haS been the direct
cause of towering burglary insurance
rates to embers Of the association,
ana outside companies have found II