Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-05-18
BANkERSHOlD[|
MEETING Fl In | c c TODAY L ,l ! 4 !


- Ef4+I 49, pET-g-tEff 80 H4.G. tas-4 4 sEL
The Northeastern Districtsrroup OF
the North Dakota Bankers, aasocias
ton, meeting at the Commercial club
today. opened the first OF q .seriesso of
district group meetings that will be
held In the state within the next few
days.
At the meeting this morning the
Northwestern group adopted resolu-
tons endorsing the Great LAkes-St !.
ing OF which is being held h~Arejtoday.
Mem ers45ot sthe- banking fraternity
fromS Grand 4EDEks, ssRembinApsWalSh,
Cavalier and Nelson-coupties are att
tending tbs Meeting 4 ~ 81
F. w. Cathro, director general OF
the Bank of North Dakota; +. r.
Ebersole Of Minneapolis, representing
the Federal Reserve bank OF the
Ninth federalsreserve district; w. c.
North Dakota Bankers association.
andtDr. J.sE. Engstad OF Grand Forks.
are speakers appearing on the pro-
gram arranged for this afternoon. Mr..
Ebersole. was scheduled to discuss the
credit situation, and other speakers
were to- talk OF taxation and othet
matters Of Importance to the bankers.
The. annuaTseiectiongof officers, is} to
take place ssIate this 'afternoors q : /
~ McDonAdd'P,reesad sseA.G
A Mcdonald 81 Waihalla, vice pres
ident of the Northeastern group, is
presiding at the meeting. G. j. Nc
Keap OF, Pisek,, the president Of the
sroup, net arriving here until this
city is secretary Of the organizatioa.
The visiting bankers were among
the special guests at the Commercial
club dinner held at noon today, when
members Of the international commits
sion on the st. L4awrence-Great Lakes
project were guests OF the club.
At the session this morning the
work Of formally. orEaanizing the meet
ing, sand E,bf apRotntnlg; committees
nattteafan taEattoda \ jaPapRtnated,, Il
report hisgafternpons and also 8, com
mittee to- take upa the matter Of uni
form sizeds checks. gs .li ..g,
Rosolutaons.4 y.
whereas, Commerce has outgrown
transportation facilities as the popu-
lation and productive power of the
nation have increased, and to such eX-
tent that our railroads were called
upon to carry lasttyear 400, 00O, 900
tons Of goods anti products with equip
ment barely equal to the load of $780,
eoo, ooo. tons before the war. there ex-
noSfat,Shs 5s nA;sgu ST. sl ieae & afn -
,,W sissSSe st III farm price Of our i'm.
poftant western crops ii which We
have in exportab1e surplus-and that
ia practically true OF all of our grain
crops as yet, are~fixed,g not only in re-
spect to the.ekportable' products but
also in sthe. domestic portion-by the
datum point OF the consuming mar
kets Of Europe less Charges to reach
l AkAt ~rAwllnk ~r1Skk" he.1A~~A<a h14 ~0N
ton OF the crop, therefore every re-
duction in delivery costs is an i'm
provement on the farm price; and
H. Whereas, TheEgelative cost. of trans
observation-disclosures On the GEsatLak
tandvdheS oeaaapIoH RRpre4i4M9sattelHX II y
the prepettionEe k q miles Of rail Il
li.OOe miles Of and there is j
one adequate and practical Waterwa!
devised by nature from the ocean t
Lakes-St. Lawrence Route.
Be 1t Resolved That We earnestl!
favor the prompt improvement b!
joint action of the United States an
Canada OF the st. Lawrence river t.
a depth sufficient to ,adnht ocean go
ing vessels to the Great Lakes. as al
emergency transportation need.
RESOLVED, That this improvement
making as it does 'seaports Of gu
GreatIIakes. ports. and carrying GU
seacoast. 11,500 ssHniles nearer theS t
of North .DakoA,S would 60 far4in re
lieving. theI t~ranspbftxtfom deadlocI
Under.sWhich the gcodntfyafow suffers
materially ssChe6pefcthe tTansportatlo'
costs to the tWorad'sa mafketA proven
waste Of produce from transportatiol
shortage. and remove the strictur
and the free flowSof commodities fron
the producer toNthe consumer whtc
&~o~.,~-klS~ .~l,,ik~ g1n ~ - fnrVoA Az m II