The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1923-06-29

ganisation is to bring about cessa-
ton of the practice Of establishing
branch banks now being developed
by the larger financial institutions
of the country to the great detriment
and possible destruction of the in
dependent banking system which has
had such q splendid history in our
country.
Whereas, Such practice is not in
harmony with American financial
principles and practices heretofore
obtaining,
Now, Therefore Be 1t Resolved,
That the North Dakota Bankers as
ISOLATION in annual convention as
sembled do heartily endorse the work
of the United States Bankers Asso-
citation Opposed to Branch Banking
and commend them for results al
ready accomplished, and urge them
to continue the fight to keep bank
ing untrammeled and unshackled in
America; to the end that independent
institutions may have fair chance
in an open field.
Too Many Banks.
Whereas, 1t is considered that
there are too many banks in our
state; more than the state can rea-
sonably support. To have two and
often three banks where one would
be sufficient is an economical waste.
On July first, an act of legislature
will become effective which permits
the merging OF banks and under the
provisions, the interests Of deposit
tors and stockholders are we'll pro-
tected.
Now, Therefore Be It Resolved,
that we urge the Importance upon
bankers of consolidating at points,
where more banking institutions oc-
cupy the field than can be profitably
maintained. We further earnestly
urge upon the State Banking Board,
State Examiner and the Depositors
Guarantee Fund Commission, that
they exercise such powers as they
may have under the law, to restrict
the opening of new banks at points,
wnere in their Judgment there is no
reasonable public demand or need for
another banking institution.
Ask l. w. w. Squelched.
Whereas, we are threatened in the
Northwest with serious interferences
from a class of agitators who follow
the great army of farm laborers
which start with the harvest in the
southern states and follow the harvest
season through to North Dakota and
Canadian fields, and
Whereas, we need every agency
that can be employed and interested
in encouraging harmony and an atti-
tude Of fair play on the part of la
Dor.
Now, Therefore Be 1t Resolved,
that we urge the-co- operation and har-
mony of effort on the part of our
state and federal officers having the
matter in charge to the end. that
through their united efforts our far
mers may be supplied with needed
help during the harvest and thresh-
ing seasons on terms that Gre fair
and reasonable.
Against Reserve Plan.
Whereas, the Federal Reserve
banks and their branches in handling
"Collection Items" without making
the usual collection charge and at a
pecuniary loss to themselves are CIV
ing unfair and unjust competition
to the member banks OF the system
and are thereby curtailing their
rightful and just profits without ben
eft to the Federal Reserve Banks or
the system.
J Now, Therefore, Be 1t Resolved:
That the North Dakota Bankers as
ISOLATION is unalterably opposed to
the Federal Reserve Banks doing a
collection business as set forth above
and urges the Federal Reserve Board
to give to the members of the sys-
tenn the relief that is justly due them
in prohibiting the Federal Reserve
Banks and their branches from han
ding what are generally known as
collection Items"
Commend Bismarck.
Resolved, That we express our keen
appreciation to the bankers and ci.i-
zens of Bismarck for the hospitable
entertainment provided; to the North
Dakota Bankers association band, for
the splendid music and for their
hearty cooperation; and especially
to the speakers and others taking
part in the program, for their efforts
to make this con> ention a success.
ATTACKS PLAN
m r A EnT ETTE