The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-06-20
NEW ERA PREDICTED
BY BANK PRESIDENT
Continued from page one

paigns. Idaho's record in Liberty
loan work has not been excelled by
any state in the Union, and to our
bankers, perhaps more than any
Others, our success Is due.
The local bank must, more and
more, serve the people of its COM
munity. The day when the banker
could sit at his desk and wait for
business is past. The successful
,anker of the future must develop
business instead Of waiting for it to
come. He must build in a practical
way. He must take an interest in
the affairs of his customers and as
sist them to succeed, for his success
depends upon theirs. He must help
the farmer get results. That the
bankers of Idaho are alive to this
need is evidenced by the fact that
| in some communities they have
created funds to be loaned young
farmers for the purchase of live
stock, on 6 per cent basis, to be
| repaid out of the increase Of the
stock; have organized sheep clubs
and calf clubs; and some progressive
,anks have employed farm expert
n adviser who spends his time in
the field with the farmer-customers,
. aiding them to raise better crops
and better livestock. The successful
business men of community must
stand for local Improvements, and
in all movements for civic betterment
| our bankers should take leading
part.
TY~al k@l1 "a
ment in the financial world in many
! years is the federal reserve system.
This was before our association at
Vits convention last year and was
thoroly discussed. The federal re-
serve system has met the test. Thru
out the war it served our government
in a wonderful way. Once untried
| and subjected to criticism by the
| skeptical, it today stands an accepted
SUGGESTIVE bulwark of American
finances.
During the past year the govern
ment has called on the people for
two Liberty loans amounting to up
ward Of twelve billion dollars, and
Notwithstanding this fact, and the
magnificent response, the banks to-
day all over the country have not
only shown no loses in deposits, but
have shown a very decided increase.
Every bank in the country, under
the call report of May IL, shows
larger deposits and larger total re-
sources than ever before. That con-
dition is certainly one of prideful
concern to the public as we'll as to
| the bankerS-and in no state more
pronounced than in our own.
If may offer word of suggestion
to our bankers assembled here,
would urge that you use your direc-
tors and stockholders more. Keep
them in daily touch with all i'm
portant transactions, if possible. Use
| their knowledge of local affairs and
of the financial status of your GUS
toners. To do this means more CO.
operation, greater success, less fail
ures, in your business. Vi
| An important topic, and one
worthy of your consideration, is the
question of the safe keeping of Lib
erty bonds for their customers by
the country banks. Discussion OF
this subject in other associations has
| brought out the fact that when bonds
are left in bank for safe keeping,
no matter what receipt was given
therefor, or whether any receipt at
all was given, the banks moral risk
amounts to an actual legal risk, be-
cause of it's standing in the COM
unity being affected in case it re-
fused to make good lost bonds left