The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1925-12-01
nN MNRIIl KnME nI NnNK


f DLNMplA Dec. L. Dollars jinslcd
" disoorlautly, the niblc and lin.
rrlcks were rouyhcd iu The Same No..
rwturC, the Strcly chm or the banker
was compared With the human Kind
illness OF that new knight OF the dol
lar the building and loan association
director, dollars and cents mixing
with homes and widows, and chill.
drcn and education this was the pic.
turf flashed before the legislature
Monday might 10y proponents and op-
p0ncnts 0r tho measures which seek
20 regulate savings and loan assor
Citations to tho extent OF rramplng
their style
Everyone went 10 tho hearing
with the feeling that they would
sec picture that had ali the
neutral tones o. a Cogot painting.
thanking smacks OF statistics and not
sob sister stuff, As they listened
they realized that they viewed a pic,
ture with tho generous swipes OF
the futuristic artist
A LEN WINSTON. assistant cor.
~ poraiion counsel OF Spokane.
and son u former state Attorney
General Patrick Henry Winston.
with genial twist 90 Irish humor.
combined the questions Of banking
and or the human relations in the
bin
II have an old mother 70 years old
who il the apple OF my eye" said
Winston. Il have an invalid brother.
They arc both putting their money
In tho savings and loan, am put
ting some there to educate my little
son, ia like TO have anyone try to
prevent me from doing IL There has
been no clamor or call from the peo,
plo who have money in tho saving
and loan for this bill Tho banks
have troubles OF their own. Let them
attend 10 those first.
Since 1913 there has been one in.
stance where savings and loan
association did not pay per cent.
and that's because Il had money in
bank that failed There have been
no failures OF building and loan asso-
Citations where these companies did
not pay out dollar for dollar.
Wouldn't the stockholders Of tho de.
fuuct Scandinavian American hank
liked TO have had their money IN
those associations Ged help me
from these dislntcrested bankers who
are trying TO regulate tho savings
and loan people These institutions
are a Gods blessing to the IMPROVE
dent poor"
81 4 Nj why bcholdcst thou The
n mote that Is in tbs brothers
eye and consider not the mote IN
thine own eyer was the text OF
worrall Wilson's talk. Mr.. Wilson
OF Seattle Is both banker and
savings and loan man. NJ. compared
the simplicity in operation Of the
loan companies and the elaborate
I systems OF the banks. and said the
saving was reflected in the larger
dividends paid by the loan associa.
tons
There have been 10 failures in
banks in the state since 1913. repre-.
senting a total loss OF IS. 900. 900. and
not one failure Of building and loan
association on record" stated WI
son. These bankers better pick the
mote from their own eyes first. They
better protect the savings in their
own Golfers for their own people.
know that not all tho banks OF this
state are asking for this Law. un.
derstand Joe swalwcli, president OF
the Dexter Horton bank Of Seattle.
Is not. supporting II. Bills OF this
type have become the major activity
OF the Washington Bankers associa.
ton"
T'HAT tho bankers tried TO double.
4 cross the savings and loan as
sociaions back as carly as 1918
was brought out BY II. L. Farms
worth, former mcpbcr Of tho leg
isiature and director OF taxation
and examination under Coy. Hart.
and now secretary OF the Washing
ton Savings and Loan league.
II wish they would be as dis
turbed about their bank failures as
they are about our savings and
loan associations that have never