Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-04-05
DISTRICT BANKERS ASSOCIATION
PROPOSES INCREASE IN DUES
Present Inadequate assessment of $50 May Be Sup
.. planted by Pro-Resources Schedule.
aae
Other Items.

in the past anyone caring to sttend
will be welcomed.
The last 10 years have wrought
tremendous variation in the distrlbu-
ton of the farmers income, due chiefly
to the wider advent of the motor car
in agricultural districts.
George, l.. Campbell, of the Keet. &
Rountree Dry Goods Co. of Spring
field, Mo, has made a. comparative
analysis of this change and has pub
liShed il in the market service letter
of the National Wholesale Dry Goods
Association. Among the important
points which Mr.. Campbell establishes
by his statistics rs that in 1915 90
per cent of the farmers income was
disbursed with his neighborhood
country merchants and 80 per cent in
the larger. markets. In 1925, this sit
uation is found to be exactly the re-
verse.
The distribution of the farmers in
come in 1915, according to Mr.. Camp
bell, was as follows: Interest. 10 per
cent; clothing, dry goods, shoes, etc,
30 per cent; groceries, 10 per cent:
supplies, lumber etc, 10 per cent;
taxes, per cent; machinery and other
equipment, 20 per cent; principal, 10
per cent. In 1925, the distribution
is figured as follows AUTOMOBILE, "A
per cent: interest, 7h per cent; cloth1
ing, dry goods and shoes, 22h per
cent; groceries, 71s per cent; supplies,
lumber, etc, IL per cent; taxes, 5 per
cent; machinery. equipment. etc, Is
per cent. and principal, az per cent.
"In 1876 says Mr.. Campbell, the,
farmer spent IL to IA hours day
farming. while in 1925, he spends
s to 10 hours day on the farm and
the balance of his time is spent in
his motor car, which gradually in
creases his automobile expenses and
decreases his buying power on other
items"
Branch Bankers Active.
Branch banking institutions in Cal
ifornia are making an effort to have
their State banking statutes amended
to establish a definite method for
determining the advisability and pos
sibility of new branches. At present
the States banking department is
functioning under a decision. arrived
at after a conference with the Fed
eral Reserve Bank officials and others
two years ago, stopping the estab-
lishment of branches by any institu-
ton except by purchase or CONVEX
sion of existing banks outside the
Hcity that houses the principal branch
of the parent institution
The effect failed of satisfaction.
r
under handicap in Los Angeles by
reason of its headquarters location
in San Francisco, although the insti-
tuition is on competitive footing
and of almost equal influence with
other Los Angeles branch banking in
situations.
In discussing the proposed amend
ment James A. Bacigalupi, president
of the Bank of Italy, says: The
privilege of determining whether
bank may establish branch offices.
either in San Francisco or Los An
geles, will be passed up to a decision
of the people themselves IL the pro-
posed amendment to the State bank
ing act, sponsored by the Bank of
Italy, is adopted.
The gist of the bill We propose
is that any State bank which is in
sound condition and possessed of the
capital required by law-irrespective
of the location of its principal place
of business-may establish a branch
whenever at least 90 per cent OF the
registered voters of the district or
area to be served certify that in their
opinion the convenience and advan--
tage of the district or area will be
promoted by such an establishment"