Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1921-06-02
ELECT LOCAL
MAN PRESIDENT
GROUP 6 HAS PROFITABLE
CONVENTION HERE ON
SATURDAY

The seventeenth annual convention
of Group No. s, Wisconsin Bankers
association, was held in this city on
Saturday, May 2Sth. About 125 bank
ers were present and many brought
their wives with them. The first ses-
sion was held at the City Hall at $50
a. m. Saturday after delegates had re-
gistered. c. G. Kruger, cashier of
the First National bank of this city
was elected president of the group at
the end of its convention.
First Session
Mayor Emil Flatter gave an address
of welcome, telling the bankers of
Wausau and its desire to receive them
cordially. w. F. Collins, cashier of the
Arnott State bank, and president of
the group, presided. The appointment
of two committees, resolutions and
nominations, was first made after
which very fine address on the "Ob-
legation of the Community Toward the
Development of Thrift" was made by
j. MOser of the Marshall & Ilsley bank,
Milwaukee. Mr.. Moser declared that
the pratice of thrift is necessary to
any nation which desires to succeed.
Without an accumulation of surplus
capital there can be no enlargement
of business and no growth of COM
munities. He spoke of the various
agencies by which thrift may be fos-
tered-the home, school and employer
"The man who wishes to borrow
money" he declared, "must practice
thrift, for unless these persons and
others save, there is nothing to lend
Funds used in developing business and
communities are savings, the savings
OF the people" The talk caused much
interest and discussion.
The last of the morning speakers
was F. G. Swoboda, county agent of
Marathon county, whose address dealt
mainly with the remarkably fine op-
portunities existing within these sew
eral counties comprising Group g..
Mr.. Swoboda had at his command the
number of farms in this area, the num-
ber of animals, the value of farms and
through these statistics he was able
to show in vivid way the needs of
agriculture.
The ladies who attended the con-
vention with their husbands register
ed at the Bells Hotel and were enter
tanned at luncheon Saturday at the
Wausau club by the wives of local
cashiers. Mrs H..G. Flieth was chair
man of this committee.
Discuss Advertising
The bankers resumed work at 2:0O
O'Clock, the first speaker being Wal
ter Distelhorst, advertising manager
of the First Wisconsin National bank
of Milwaukee, whose subject was
NIB n nrff cir M s,tn II,
showed how banks endeavored to
stimulate thrift by advertising, how
they endeavored to direct investments
into right channels. Particularly sat
isfactory to the bankers was the dis
cushion which followed on the various
kinds of advertising. 1t was the frank
opinion of a great majority of those
present that newspaper advertising is
the most efficient means Of reaching
the people.
Harry G. Berger, cashier of the
Marathon County bank of this city,
made an address on SHOULD the
Banker Act as Advisory on Invest
ments to Depositors." Mr.. Berger
showed how depositors would be saw
ed money if their bankers assisted
them by advising investments of a
certain character. His address was
one of the finest of the convention
and brought forth an earnest discus
sion. Practically all the bankers pres
ent were agreed that home bankers
should advise their depositors about
investments, even to the point of in
sistence at times. 1t was concluded
also that money is always needed at
home and that it is much safer usual
ly to invest in good, substantial home
industries than to speculate by putting
money into concerns great distances
away when nothing is known about
the soundness of the proposition. An
other speaker was Victor Morisette,
alton were mighty interesting. Mr..
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