Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1922-03-17
WHEN WILL TINES
BE BETTER
BANKERS And Merchants For Di'e
ficatiOn

;ssue of The Southern
i 1sSts c Ca are supplying the farmers
nf 1he vicinity of the town :. WIN
175 900 strawberry plants su1ilcien1
IN cover forty acres.
This is done in an effort to encour-
400 the production OF berries IN Crl1-
tenden county as a secondary crop TO
ootton and the plan was arranged
through the local Chamber OF Com
The plants will be distributed in
ona acre lots to forty farmers who
will agree to properly plant. cultl-
vate nick and assort them. 1t is be-
l;eved that the plan will prove sort
IF object lesson to other farmers IN
different localities.
Protects From Financial Crooks
"The Georgia Securities Law" is
the title of a most comprehensive
article by S. B. Blodgett, vice presl-
dent of the Robison-Humphrey Com
pany, municipal and corporation
bonds, Atlanta, Ga. which appears in
the current issue of The Southern
Banker published in that city.
Mr.. Blodgett explains that the
Georgia Securities Commission was
created to prevent illegltimate prac-
tees, to investigate all investment
securities and dealers in the state
and to prosecute all violators Of the
law" The article explains in detail
the working of the. Commission and
emphasizes the need of it which de-
veloped because of the growing OPP
erations of "crooks and unknown IN
dividuals purporting to represent al
kinds of get rich quick schemes. The
article is distinctly valuable con-
tribution to financial literature and Is
also clear cut explanation OF how
Georgia protects her people from
financial swindling.
Robbery Insurance
A bank robbery seems to the aV-
erage person a much more serious
affair than it really is, and the fire.
quency with which such robberles
have occurred recently would seem TO
threaten the stability of many banks
were it not for robbery insurance
which all reliable banks carry. How
ever, the people as rule do not
know of such provision against rob-
berry, and Harold A. Nornabell, writ
ing III = lie l1eiIihSL VI ~
lanta for March, urges bankers to
explain to the people through the To-
cal press just how their interests
are protected through system of
robbery insurance.
Mr.. Nornabell gives instances
where losses of this kind were accept
ed with a cheerfulness that made the
bank officials seem careless, when as
a matter Of fact, they and their de-
positors were really fully protected
by insurance. Taking the public into
the confidence of the bank is said to
be due that portion of the public
which patronizes local bank, and it
is further asserted that local news
papers would gladly publish the fact
that banks in their territory were
protected by insurance against rob-
berry, f6r such fact is "news" and of
real Importance to the people.
Burglar insurance, however, is not
a new thing, and only the recent
instances that indicate the present
urgent need of such insurance gives
the subject prominence at this time.
Teaching practical Banking
"What of the economic waste in
America due to ignorance in financial
matters" asks The Southern Bank
er. of Atlanta, in its current issue.
Such waste may be avoided by ed
ucahing our young people in an un-
derstanding of financial affairs
through a school course in banking
Such a course is now being given in
the High Schools of Greensboro, n.
c., and Junior Officer Of the Amer
lean Exchange National Bank has
been appointed to conduct the course.
He uses an approved text book on
banking and in weekly test recently
given, the students made a general
average of 93.1 per cent, which was
conceded to be above the average in
other studies. The questions ranged
from what is a Bank" through
description of the Federal Reserve
System and many pertinent questions
about general banking subjects. This
class is able to quickly analyze
bank statement and the information
thus acquired will prove of practical
value to the young students when
they become producing citizens of
any community.
The Human Element in Business
"The basic element of success in
any business enterprise is its ellen
telc," says Walter Engard in the
current issue of The Southern Bank
or of Atlanta, Ga. Mr.. Engard writes
most entertainingly on the subject of
Bringing Business into the Bank"
and while he directs his observations
chiefly to banks and banking. still
his conclusions might we'll apply to
any business enterprise. Mr.. Engard
say further: Patronage is by far
ehe most important element and
forms the basis of the foundation
upon which the enduring business
institution is erected and, therefore,
must be the principal substance of
me foundation. Patronage cannot be
he!d without integrity, service. value,
courtesy and Improvement The ar
t!cie covers the different opportuni-
yes Tor service which the modern
oahk offers and describes the advan-
tages of making the people who pat
fonlze the bank an important Gle
ment in creating and sustaining the
success of the institution inst ne Is