El Paso herald. (El Paso, Tex.) 1901-1931, 1917-05-15

rolled. the largest in our history The
number OF additions has been the
largest in any year.
Income and Expense.
Our income is now about $4,000
per annum- Although engaged in new
and large enterprises this year and
requiring large appropriations. we
close the year with a credit balance
Of about $500, the largest balance in
our history
"An institution so large and en-
gagged in numerous branches of en-
deavor should have an active vice
president in training for one year to
better qualify him to assume the du-
ties and responsibilities of the pres
Consultation Ancient.
Our constitution needs amendment.
We have outgrown the patched gar
melt- The committee on constitution
and bylaws has been requested to
bring before you recommendation Of
changes and Improvement
AT the present time our constitu-
ton provides for seven honorary vice
presidents without prescribing duties.
except on call OF the president No
bank or other corporation handling
$4,000 per annum would venture to
continue without a vice president in
touch with the work, attending upon
meetings Of the executive committee.
and being somewhat informed and
trained to assume the responsible
ties OF the president"
Wants More Rigid Laws.
Details of the workings of the as
ISOLATION were then referred to, such
as service bulletins. efforts to stand
ardize bank forms, efforts in behalf
of the Country Bankers league, and
said:
There is need for more effective
means OF prosecuting criminal bank
officers and employees in state insti-
tutions- We are informed that there
are from so TO rs aggravated viola
tons Of the state bank laws every
year, and yet the authorities are rare
" ever able to secure a punishment
Of these violators.
The public IS not concerned be-
cause depositors are protected from
loss. But the banks should be aroused
to remedy this evil
1T is desirable that our state GRIM
inal laws be brought into respect
somewhat like the national banking
laws affecting criminality.
sOur Next Duty
In this trasic time of war we are
to steadfastly stand in support Of our
government Our cooperation must
be continuous. The national banks are
pouring their gold into the hands Of
the federal banks. The state banks
ana II utL companies VIII likewise 10y
ally join in this movement to mobf-
lie the gold Every American banker
should subscribe generously for the
liberty war loan. Patriotic Texas
bankers viii not complain at the nee
essary war taxes.
Cooperation is the magic word
that viii unlock the storehouse of
uninterrupted success"
James G. McNary, president of the
First National bank. then explained
to the visitors the entertainments
that have been planned for them and
extended a cordial invitation for
their attendance He told OF the ex-
cursion 10 Cloudcroft Thursday and
assured them that the trip would be
well worth while
War and Banking.
T. II. Law. vice president OF the
First National bank, of Houston, fol-
lowed Mr.. McNar5. His speech
was on THE Banker ana the War"
He said:
''The country's principal business
today is war. Under four consider
atoms the banker has 3 special re-
sponsibility at this time. The first
lis on account of his position and
influence in the community. The
second is precedent. The banker has
always set the precedent OF throwing
his full aid 70 the nation in time
of stress Patriotism is the third
reason, as opposed TO selfishness- The
fourth is perhaps the greatest Of all