Grand Forks daily herald., 1916-06-15

necessary to meet the competition, all
OF which has been the means of Ell
fecttng direct saving to the banks
Of North Dakota in dollars and cents.
of fully as much as the cost of main
tanning the association, and has been
of benefit to adjoining states In a Ire
ductton of rates or an Increase. IN
commission paid associations on busi-
ness placed through them, of a sub.
stantial amount.
We find some prejudice existing
among members against mutual in
surance, but it should be borne In
mind that the guaranty fund and re-
serve fund in the company furnishes
more protection per thousand dollars
at risk than the capital Of any stock
company doing business in the state.
The hearty cooperation Of all men,
bers Of the association in this enter
prise would make it possible to reor-
Eanize as stock company with the
funds that are accumulating, within a
comparatively short time. The at
tention of the incoming Committee on
Burglary Insurance is directed to this
suggestion. The pamphlet sent out
recently giving instructions on what
to do in case of a hold up has been
widely circulated, and we are waiting
to see II the advice given will be of
value.
Group Meetings.
Unusually successful and valuable
Group meetings have been held this
the 4th District. May 18th; Valley
City, for the 5th District Group, May
18th; Dickinson, for the Missouri
Slope Group, May 10Th: Devils Lake
for the End District Group, May 25th:
and Fargo, for the 3rd District Group.
May 26th. The attendance was not
large at any Of the meetings owing to
the unfavorable weather for auto
mobiling, but the valuable discussion
at all of the meetings Of matters of
interest to the bankers, businessmen,
and farmers of the state demonstrates
the wisdom of holding such meetings.
Three Of the groups voted in favor
Of holding semi-annual group meet
ings hereafter and one of the import
ant subjects discussed was that OF
perfecting county organizations, with
the cooperation Of the businessmen
and farmers of each county In the
state for the purpose of bringing to-
.gether at least once each year the
cuss together matters of mutual in
terest relating to the development of
the state and of the various commu-
mites in each county. Such county
meetings could not help but be Of
great value in bringing about a bet
ter understanding and better team
work in every community In the
state. The County Development AS
sociation or County Thrift association,
county what the Commercial club
does for the city in its development
and welfare.
Protective DEPARTMENT.
The association still continues to
give valuable service in this depart
ment. and the work done in the ap-
prehension Of check forgers, check
raisers, and other criminals operating
against members of the association
during the year has resulted in a
number Of settlements by which
members have recovered funds lost
through this class of toilers and in
putting a number Of bad actors where
they will have time and opportunity
to become familiar with the fact that
'The way Of the transgressor is
hard"
The work of this department could
be greatly assisted by members re-
porting all cases Of forgery, and 9TH
er work of this character more
fraudulent check is presented tele-
phone the association promptly, CIV
ing the details with the name of the
town and first endorser. The associa-
ton will pay the expenses of such
messages and promptly get in COM
munication with officials in city or
town where the criminal worked his
8 game: am. ,1,s,,,,, :, :. :, ..,.r !. 49,.
tnals operations we stand a much bet
ter show of locating the guilty party
or parties than we do when notified
by mail or as is sometimes the case
not until month or more after the
discovery Of the crime.
+ During the past year 142 written
opinions have been furnished mem
rbers through this department. All Of
which have been printed as promptly
as possible in the North Dakota
Banker for the benefit Of all members
Of the association.
rud up to May, 1915. were indexed
according to subjects and the index
printed in pamphlet form. Each
member was furnished with a copy of
the index and the pamphlets have
been found useful to members who
have asked for copies Of many opin-
ions needed during the year. Copies
Of any opinion wanted can be obtain
ed BY writing the association Office.
VV0 oSAAl ACS0ANO OCCdSlOHdI T0Qu6&~e
for the legal opinions in book FORM
but so far not enough members of the
association have signified their desire
to purchase the opinions in book form
to make it possible to have such a
book prepared. Unless 200 copies
could be sold the expense Of getting
out the book would be too great to
make it saleable. Whenever we have
200 subscribers for the book we will
have same gotten out.
Time Lock Inspection.
This department IL still running
along very smoothly and the number
of members employing our association
expert. Mr.. VIM. ]. Hey. is increasing
each year. Just why any member of
the association prefers the services of
an outside expert, after the years of
faithful and satisfactory service given
by Mr.. Hey, is one of the unsolved
mysteries. :. .
No 'lock-outs" have been reported
during the past year.
Receipts.
For membership dues. So. .$7,337.0O
From VIM. ]. Hey. (commis-
sions Time Lock Dept.).. 325.OO
From North Dakota Bank
or -. 1878
From N. D. Mutual Cas-. Co.
(ofce services) .......... 10000
From interest $50. ...... 5000
From rent desk room. Wales
Adder co. 12O.OA