The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-09-11
WANT BANKING
COURSE IN THE
GRADE SCHOOLS
State Convention Favors
Instruction Along
Economic Lines.

Members of the New Mexico Bank
ors' association went on record this
morning az favoring the Interesting
Of the younger generation in bank
ing aud other Industrial pursuits. Tho
first steps to be taken In this dircc-
ilon by the state association came
when II. u. Jones OF Tucumcar1
moved that the association appoint
committee OF three 90 meet with
the committee OF the American
Bani<etB' association, which has
started move to Introduce elements
OF banking and other economic text
books IN the grade schools.
The motion Of Mr.. Jones carried
unanimously and came after MIR.
Jones made n plea that the New Mex
leo association Join hands with the
American association to interest the
young. The other members of the
committee are c. q. Mardorf and c.
w. Harrison.
Club Idea Endorsed.
Following the motion OF George
r. Wells. 6f the Denver National
bank OF Denver made an address on
"Interesting the Younger Genera
ton" He told OF the benefits OF the
boys and girls clubs, explaining the
profits TO Colorado from the or
ganizatlonS
ut is easy to interest the boys and
gl5ls In business transactions" he
said. and club work gives them the
opportunity to learn. Club work de-
velops the spirit OF co-opcration
among them. II teaches them to
work 30 others can work ut the same
time. The profits 10 the United
States from boys and girls club work.
In 1919 amounted to Sl,7bS.000."
The vpeaker explained that the
boys aud girls clubs often caused the
workers. to borrow money and the
bank was the logical place from
which to do their borrowing.
There ate 400. banks IN Colorado"
he sa.0, "Hnd iSs OF them are loan
Ing money to the clubs. The DoyS
and girls are walking advertisements
for the banks. The boys and girls
are the constructive citizens OF the
future. They are the best GUS
tomerB you will want. so tie up with
them now"
Mr. Wells told Of the work OF the
Colorado banks In offering prizes for
club exhibits. In conclusion he
urged the bankers to take an interest
In dho childron's work and that they
would be amply repaid.
DciehOS INercFNc StHttuL
W. f.. Ramsey. Fedornl Reserve
agent OF Dallas, Tex, the second
speaker OF the morning. took his
subject. THE outlook and Our
Duty" He told of the work OF the
Federal Reserve bank at Dallas. He
said that there had been some OBJ
jcctions to the Federal Reserve
banks on the ground that they made
money. The speaker said the banks
had made some money but the sum
made was warranted for the work
thoy had done.
He said the Federal Reserve was
not organized for the main purpose
Of making money but TO set the
country away from the days OF
panics. as. had been the case under
the old banking system. Regardless
Of the fact that the banks had only
been organized such n short time
when the war broke out he said the
Federal Reserve banks made loans
OF $1,000. 100000. an amount beyond
the dreams OF any wild man In an
insane asylum. He compared the in
terest rates OF the banks In this
country TO those In other countries.
pointing out that the rate was high
everywhere.
Committee Reports.
Preceding the talks there were
committee reports OF c. s, White or
the executive committee and of Ar
thur Selgiman Of the legislative com.
mittee.
The speakers at the afternoon ses-
sion were Frunk Finch OF New \ prk
on Selling the How Now OF bank
ing;" W. u. Hervey on The Trus;
Department" ana John r. wayland
Of Kansas CITY on Savings It Az
fects the Bank"
The business Yesslon will end with
the election OF officers and reports
CT oomnittaes. Tonight the Walt
(Contlnued On pagc two.)