San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1924-04-12
STATE BANKERS MEET
Hear Addresses and Learn Of Money
Situation In State Banks.

The state bankers of the fifteenth
district met Friday night at the St.
Anthony hotel with about 30 visiting
bankers present. W. X. Wiseman.
president of the Commonwealth Bank
and Trust company, district chairman,
presided, with Secretary Walton ID.
Hood. vice president of the Texas
State Bank and Trust company, also
in attendance.
A banquet was served in the tapes
try room, after which several ad-
dresses were made, among them one
by Mr.. Hood regarding the activities
| of the executive committee of the
state bankers of which he is a men,
Der.
J. l.. Chapman. commissioner of
banking. gave full resume concern
ing the state banking system and state
banks that have failed in the last ten
years in Texas. Mr.. Chapman said
that in round numbers over ten mil
lion dollars has been paid by the
guaranty fund to depositors and not a
dollar was lost to individual unsecur-
ed depositors and that with over two
hundred million deposits in state bank
today the condition of state banks are
better than at any time since the war.
He further said that upon investi-
CATION that he found that one-fourth
of all call money in New York was
from Texas banks, which shows the
great amount of cash they have on
hand. He also stated that in 1928
the banks were 20 per cent better off
in cash than in 1922 and in 1924 20
per cent better than 1923. making the
| cash position of state banks on Janu-
airy l, 40 per cent better than tive
years previous. He urged the bank
ers TO continue along sane and con-
scrvative lines and predicted that with
a few amendments to the present laws
state banking system could be made
one of the best in the country.
Following Mr.. Chapman was an adj
dress by Harry III. Rogers. chairman
of the board of directors of the Texas
State Bank and Trust company. and
who also has various other large bank
| ing interests. He said that the state
bankers should continue the energy
| they now have on towards perfecting
the system and that he thought that
| it was good for the state to have two
good banking systems as each had
its place and that with the elimina-
ton of either system the other would,
become autocratic. Mr.. Rogers also
said that he was very much surprised
at the great amount of mis-informa-
ton given out in the press and hoped
that the public would be truly inform
ed and more care used in giving in
formation TO the press concerning
banks and banking. He said he was
very much surprised TO see the arti-
Gle in paper Friday morning which
stated that this conference was being
held to discuss the liquidation OF
number of banks which was mislead-
ing. as matter of fact the informa-
ton ms TO the liquidation of banks re-
ferred to banks that were closed over
period Of the last ten years. Mr..
Rogers also urged character and char
acter building of' the youth and the
responsibility that rested with the
banker in this respect.
After the close of the speaking the
following officers were elected for this
district for the ensuing year: w. II.
Wiseman. president Commonwealth
Bank and Trust company, as chair
man. and w. j. Walthall. cashier of
,the Texas State Bank and Trust COM
many as eacrptory