The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1918-08-03

;my IN their custom. In times OF peace.
mhat tho grandfather OF Lloyd George,
Welshman, could or did do. or the
a,casiors. of. Mr., Geddes, who was
tr;ed ont as a section hand on an
American railroad, or Of Mr.: North
rlifre Nv a. severe test that would
not he made In peace, times, these
three men have been pickd out and
M, IN vital positions, because OF the
confidence which has proved true
that, they could give the service need
" One Is reminded of the letter of Sec
rotary of War Alger, at the time OF
Tho embalmed beef and other troubles
m the Spanish American war. Inc
letter waste Senator Depew as made
nm nv MIR. Dd0ley. After telling OF
his suffering and distress over insur-
mountable troubles, he summed up the
situation BY saying that the whole
thing was a a mistake. :, It arose from
the Deople not misunderstanding what he
wanted. He wanted to be secretary
Of war and not secretary Of war.
so iii is in England now, in war
when the nations life Is at stake, they
must have men who can give tue ser
"A Weird Much III Earnest Today.
= In the same way. the world is dead
in earnest today about. the princi-
Mes of democracy. One million of our
countryulen, Representing us, are
risking their all today, that right may
he sovereign in the civilized world.
and NOT mi9ht. The slogan Of Right
lis Service, & Any line Of business that
cannot measure up to this standard OF
service will lose ont, and, any one. In
anvsline of business who does not rem
der the service OF which that line Is
capable will sooner or later be re-
piated,'a ~.
No line of business is more capable
tof rendering service: In the business
and economic world than banking.
Banking lis too often thoughtaof as a
cold blooded, celebrating form, of get
| ting. with Shylock as an example OF
bargain driving You men want the
inspiration chat comes from the con
yiicti0n that there is another record
that has been made by bankers, the
record of service. and the further
conviction that such record as Shy
locks need never be made by real
banker. ~ -. ,---s-s1....ss r.
Service OF Bankers In War Tine.
There could not be time when the
service Of, our bankers was more
clearly illustrated. thain in the financ-
ing of. the war. We, as citizens, have
hardly. had time to catch our breath
and, see how great the service OF the
bankers is In these drives. When It Is
realized, the American people will say
OF our banks, practically all of them.
what Charles Sumner, in the senate
Of the United States, during the CIVIL
war, said Of the National Bank OF
Commerce Of New. York, they are pa
triotic institutions" This record, in
the financing Of the war, ought to be
a satisfaction to very: banker in the
land. $780, =
tx is the more Significant for our
theme to note that the attitude OF
the bankers in this. war is no excep-
tion. Wef1nd the same loyal and pa
trioticg service in the Revolutionary
war. and In the Civil war. The first
bank established in this country, char
tered by, the Continental Congress In
1881, the Bank of North America,
founded lin Philadelphia by Robert
Morris, gave its first great efforts to-
ward. holding. up, the hands Of Wash
ington, and his army. Tie great work
OF Jay Cooke g. Co. in support of the
government, first in floating at par a
! So ,000, 900 war loan for the state. OF
,Pennsylvania, whose credit at the time
was bad, later in having $50O,00O,0O0
issue Of government, bonds oversub-
scribed, By $1l,000,0O0 after the regu-
lar government machinery had broken
down in the attempted SALE and in
1865 again, when there was depres-
sion, III. engineering in six months
the, subscription of $S3O,0O0,00O for
government notes. This work in the
financial problems Of the Civil war is
a record in finance marvellous. and in
spring. y These are records for the
men, OF the profession to be proud
Of. A recent tasty pamphlet issued
BY: the National. Bank of Commerce
of New York recounts still with great
pride the part that their bank took
In helying o finance the Civil war
In the same way, the anniversary
folder Of the First National Bank Of
New York gives prominence to the
part played by that bank In war, loans,
and the fact that during the year
1890 the bank handled $7S0O0O,O0O
United States government bonds, COM
pletingy their receipt and deliver
without error Or loss"
believe may assure, you men that
the service Of the bankers to the ma
ton at this time will be remembered.
It Is q thing likewise which should
give you the, great return OF high
personal satisfaction. ~
z Gigantic Problems to He, Faced.
In the days of reconstruction there
will be financial problems In the ma
tons, gigantic beyond the worlds ex-
perience. The financial skill and wis
dom Of the country will be needed.
The Reconstruction after the Civil war
suggests To- the banks the opportunity
for service ~ :. ~. ~,
After the war, likewise, in the de-
velOpment aOf business, the opportun-
ity will come to the banks for wrat,
In effect, win be public service.
For example, we are to enter. into for
eign commerce, on a scale not known
before. The results affect the bust
ness interests OF every state. 1t means
additional markets for North Dako-
ta's products, For success our mer-
chants and traders must not be handi-
capped, longer, by lack OF American
banking facilities In the trade centers
Of the world. II must be as easy for
k,~. L.