New Britain herald., 1930-02-14
'>va2s Flames Bristol Ran'5 Crash On Ahoonce of Ban|1;ng Knowledge;
 Al B. Head Speaker at Banquet
New Britain Branch Holds Annual Dinner at Shuttle Meadow Club and Hears Views On AmaIgamatiOn and It's Effects On Coun- try.

Expressing himself as opposed to an1lgamutlonS ot banks for it would be almost impossible to have banks adjust themselves 10 the To- raJity they are in as they do when operated Independently" William J. Evans, president of the American Bankers Institute, untoldcd vistas Of Inc extent. past. present and future. of the mighty army Of finances in d short address before representatives of New Britain, Bristol and Hart 1ord branches of the A. l. B.. at thc 10th annual banquet of tho New Britain branch at the Shuttle Mcu- dow club last night.
 "Analgamations? Yes that is all right he replied 10 Il question. ''hut each part of the country needs q definite system which can only he provided by separate banks. Each part needs q different type Of scrv- ice. and this can be done by indiNi- dual operators he maintained.
 Education of tho forces in the bank he stressed as the only way of preventing episodes like the Bristol bank failure yesterday. Education in banking methods and knowledge of banking principles will go far in preventing such failures. he told the loo or more bank representatives who had just q few minutes pre- viouslN heard of the failure of the Bristol Deposit and Discount Co.,, failure which Mir. Evars attributed 10 lack of knowledge of banking methods.
 Tbcro arc far too many banks now for the profits made in the old days "WhCn money was brought in to Us practically for nothing and we lent it out at high rates Of interest. Times have changed i'll banking aS well Hs cNcrlthing else" The old days of the personal equation ar" gone. days when the personality of the head of Inc bank attracted drpositors. Banks must now offer different attractions must expand to include every inter- "st Of tlc would bc depoSitor. must offer him service in lieu of the for nl"r personality ruuution." Funerals and weddings. transformations Hmd failures. have thjuu"d out the ranks o[ the old banks and tho old order Is no more. he mHiu;Hiurd. Old stan dards Of education arc not appI- cable to the present day, he cN- plaincd, commenting on Inc advance in classes in almost every banking institution. Man power. educated bank force, has uHurpcd the place of earning powers and in ordrr to sue cccd the former must be stressed. II IS cooperation among the workers between the older and the younger officials that will count in the end he said
 Goals in Banking
 For ultimate success in banking he stressed three idcals--social cd ncational, and tratcrnal. The social ideal includes cooperation between the officers and the cmployos Of thc bank. Education. he explained, is of utmost importance 10 any bank ing business. Coming to the last and
 
 poem. It is not merely friendship between Workn@mcn but Somcthng moro vast than that, something hor- dCrinS on the spiritual, q true Friendship within il bank. where all Hre working together for the love of comradeship. and where q hclp- ing hand is held out 10 the one who Is not so sure Of his footing. Such arc the problems of the present day. Mr. Evans concluded.
 Hitch your wagon 10 a rrNoiyir@ door. and keep going. he advised the group. In old times when q pioneer missed the stage coach he would have to wait three days before an other came along. but now the aver a"c man kicks because he missed inc first section of T revolving door Change and speed are the greatest characteristics of the present gen "rltion and like the banker who. %skCd whether he was getting ahead. remarked tcrsclN that he had 10 run 10 stay where he was, SO does fin"