Show I BANKERS DANKERS DISCUSS FUTURE OF S UTAH Leading Financiers c cf f the State Meet in Association Association Association tion Convention OPTIMISM PREVAILS Speakers Predict Wave of Prosperity Urge Public Public Pub Pub- lic Spirit With ith an attendance of about s sev sc five enty-five of oC the prominent bankers banken I of the state and several bankers from other cities the seventh e annual convention con con- of ot the Utah flankers Bankers association association tion lion opened this morning In the Commercial Com Corn mercial club Charles S. S Burton Durton president of ot the association and pros pros- of ot th the Farmers and Stock- Stock growers growers' bank hank of ot this ell city was in th the chair and anI made the annual presidential presidential address The convention will continue tomorrow closing with a ball in the Hotel Utah tomorrow evening c It Is expected the attendance attendance attend attend- ance will wilt be largely largel increased before the end of ot the day lay as mon many did diel not arrive In time lime for tho the morning ses ses- sion slon Optimism both from local state and national viewpoints was ex expressed ox- ox pressed in the address of ot President Burton Durton He lie reviewed briefly the advent advent advent ad ad- vent of tho war and its effect upon tho the financial world He noted the fact tact that the tho true balance nce o of trade was In favor tavor of the United States that exports were encouraging and that these se things caused c. increasing prosperity Future Bright Concerning conditions here Burton Durton paid laid there was reason to be encouraged led aged and satisfied Burton said there thereas was as room for much improvement in of ot the local lines of Industry mentioning In particular the tho live IIvo and complimented J. J E. E os president of the Continental National ban bank ank Ie for his work on behalf of the tho wool Industry He urged the adoption Ion tion of tho the Australian system advocated advocated o ad c through Mr efforts Only 7 per cent of or the tho lands of oC Utah are arc farmed said Burton and probably not more than 10 per cent ever ver would be For this Oils reason h he advised grazing must always be im important Im- Im Therefore he saw necessity for or giving more attention to this Industry In Industry In- In Support Urged Encouragement should be offered b by tho the bankers to all those thos new and advanced anc d propositions said Burton He lie referred to the development of ot the farm linds of ot the state urging a liberal liberal lib lib- lib lib- eral oral policy on loans for Improvement and end r retarding loans for tor sp speculative land purposes Concerning the land mortgage banks authorized h by the state law Jaw Burton said Bald he did not flOt kno know what whit the proposed system would develop Some day he said the system might prove beneficial In Utah even en though there was no need for it at present In the annual report of or th the secre score tary tar tary treasurer J 3 D. D Sheperd cashier cf the Cache Valley Banking company com corn pany Iian ot of oC Logan the as association was as criticised ed for not doing more work along the lines of or agricultural tion ion Sheperd said th the committee on agriculture had not been beon sufficiently active In his opinion He lie said ho he be believed believed believed be- be the banker should educate the tho farmer Carmer operate co-operate with the farmer and b be more than a storehouse for tor deposits It H mu must t be an educational institution as well Ellas Elias A. A Smith cashier of ot the lie De Deseret Des Dea- eret Savings 6 hank bank presented the an annual annual an- an annual nual report of oC the thA executive committee commit commit- tee while W. W S S. S McCornick reported for tor the legislative committee Both discussed the laws before tho the recent le legislature which affected the bank bank- ers McCornick is chairman of ot a special special ape ape- cial taxation committee which was va interested interest d In th the full tull valuation meas mess measures measures ures before tho the last laet legislature Later In the convention this committee will make mako a report and present resolutions which will probably severely criticise the mea Park Welcomes Delegates I Mayor Samuel C C. Park delivered the address of ot welcome following the In Invocation Invocation invocation In- In vocation b by the Rev hey P A A. Simpkin The mayor declared that the success of or the Democratic form of ot ment depended on art operation co and Continued Continued d on pa pago ft 6 BANKERS DISCUSS Continued from page oage 1 1 that furthermore the success of ot business business bustness busi bust ness In this country depended ed on co cooperation cooperation cooperation co- co operation He therefore congratulated the bankers for getting Ketling together for or operative co work and assured them that Salt Lake CIt City was wua delighted de- de lighted to entertain them Carl R. R Marcusen cashier of ot the PrIce Commercial and Savings SaYings hank bank responded t d Concerning the n report porla which he be said he had read about Salt Lake g bel Infested b by crooks he said that the bankers were doubtless not frightened We e note noto they are arc Professionals said Mr Marcusen Now a Professional crook knows that thal a banker keeps his mone money In a bunk bank and ther therefore Core lie hc will Ul not molest molest mo mo- lest JeRt bankers So we can feel s safe Ce Ho urged tho country countr banker to visit the cit city banks see the equipment equip eQuip- ment mont modern methods and nd the tho like In order that ho might return home and In some nomo measure improve o his own on Institution Tho The bank said Marcusen had nowadays a duty to perform In addition to handling deposits It must bo be an educational factor he said eald It must make tho depositor the most ef efficient et- et earner pos possible ble Report Presented John D D. pr presented the report of at t the e mem committee calling attention to the fact tact that 91 per cent of or the banks bonks of or the state wore were now members membern of ot tho the association Five In Price he said J. J M. M Whit Whit- new banks Joined since tho the last con- con more chairman cit of the tha agricultural development nt and education committee commit commit- tee announced his bla committee had c se se cured Dr John A. A oo president of pf the Utah agricultural college cOllego to deliver an ad address at the Throe Three addresses ar are scheduled for tor forthe tho the afternoon session which whick began belan after 2 1 State Charles R. R Mabey cashier of ot the Bountiful State bunk bank r read l d a paPer paper pa pa- per on What at United Banking Can Con Do for Cor the Development of oC Utah's I Untold R Resources In his hlA address s c Iab Mabey urged d I Representative cooperation co oper allon atlon Rmon among th the bankers particularly particular particular- I ly iy through their a association I The Cost of oC Doing Doln Business ss In a City Bank BankaR was aR discussed d by br John A A. A Malla Malia assistant cashier of oC the National Na Na- a- a Copper bank Tho The concluding and most important address addre s of ot the af afternoon afternoon at- at will be delivered ell b by HU Russell lowr Lowry deputy governor So of oC the federal reserve reser hank bank In San Francisco His Ills subject Is The Actual Workings s of oC the Federal Fc Reserve Bank t a subject in which bankers are arc intensely inter inter- est ested d. d Lowry is a former Cormer Salt Lake newspaper news news- paper man manS having left here eight I ht years ago for tor tho the con coast t. t where his rise In the banking hanking world has hns been rapid At the conclusion of ot Lowr Lowrys Lowry's s address he will answer r questions le l put b by the delegates Reception Arranged I This afternoon there ther will be a re reception rl re- and amI tea tE-A. at the Alta AHa club from 4 1 until 3 o'clock for tor the visiting women wom worn en n It H will be bc given Ien by the wives of or orthe the Salt Lake bank officials At 7 i o'clock this evening the lie bank bankes s will willaU aU attend aUnd nd an Informal banquet hanquet In the hotel Tomorrow morning there will 1 lx be two addresses ul s Frank B. B Stephens is scheduled to discuss Rural Credits and 1 l B. B will tell How In Interest Interest Interest In- In terest t nt Rates 5 l Might ht Be Reduced At Atthe Atthe Atthe the conclusion lon of or the morning session tomorrow ow there will be a meeting of ot the Utah members of or the American Bankers Bankers' a association for the election of or a It vice jp president for or Utah a mt member mem mem- m- m ber ler to serve on the nominating committee com corn and an nn alternate member of the nominating c committee The he of or the Utah Bankers' Bankers association are arc Charles S. S Burton of or Salt Lake president H. H K g. Hatch of or Logan first vice president ent F. F C C. JenSen Jenen Jensen Jen Jen- sen en of oC Mount Pleasant second vice ico president J. J E. E Shepard of Logan s secretary treasurer On the tho executive executive tive live committee are the president and secretary and Carl R. R Marcusen of ot Price PrIc Joel Ioel R n. Parrish of oC Woods oo s Cross Ralph E. E Hong of Og Ogden en Ellas Elias A. A Smith of oC Salt Lake T. T W W. Boyer of Salt Lake John D. D Dixon of ot Provo Pro and anti J. J A A. A Malla Mahla of oC Salt Bait Lal Lake e The committee In cha charge rge of the en en- en of the bankers hankers consists oC Ir f E E. A of the tile National Bank of ot the Republic S. S A Whitney of oC O. O C C. Beebe of ot tile Ute Zions Zion's Savings and Trust r Eugene u no Giles of oC the National Copper and II M. M 1 Chamberlain of Walker all er Brothers Committees Appointed President ent Burton announced the appointment of ot the convention com corn at the lie close of oC the session this morning They are as follows Presidents President's address address T T W. W Boyer Doyer chairman R R. T. T Badger W. W F. F Earls Earls' Earls Baris Hyrum Byrum Crockett and Seth Nominating mating committee Elias committee Ellas A A. Smith chairman Ralph E. E Hoag hoar J J. J T. T Farrer Farrea- I F P. C. C Jensen L. L H. H Farnsworth Farns Faras- worth and I F. F D. D Kimball Resolutions committee J. J. J E E. Cos- Cos chairman Charles R. R l Mabey W. W H. H Carl R. R Marcusen and ind John Pingree Le Legislative i committee W. W. W S S. S Mc- Mc I chairman C. C S S. Tinge John lohn R. R Carries Barnes M. M S. S Browning and J J. J D. D Peters Petel Agricultural development and anti education edu edu- cation catlon cation W W. W Armstrong chairman Tames James Pingree ee G G. H Jorgensen A A. G. G Barber and Mont Whitmore Membership committee Henry committee Henry T T. McEwan chairman George Spencer Spencor Edgar S. S Hills Ills D. D P P. J Jensen ensen and I. I L I. W. W Curray Among Amon mong tho those t who registered In the theoffice theoffice theoffice office of or the secretary tary prior to the opening of oC the con l convention this morn ing were the lie following S S. S J. J Foster cashier cC of the Bank Banle of or Southern Utah elah Cedar edar City F D. D Kimball c cashier of McCornick Co bank hank I Eureka ka r. r L. L B. B RE Redd d. d cashier of oC the San Sun 11 Juan State bank Grayson Grason I. I L. L O. O Hoffman HuHman attorney for Cor tho the Helper Slate bank Helper Clifford Kurr Kun m K Kamas M State hank bank Kamas Karnas M. M S. S Browning Bro Ogden W S S. 1 nick isick Salt Lake F. F C C. Jensen vice Ice P president of oC the lie Commercial and Savings Sayings Say Sav ings bank Mt U. PIt Pleasant D. D A. A McMillan Mc Mc- Millan cashier cashler of the First National bank Murray urra Geor George e Whitman First National hank bank Nephi Ralph E. E Hong president Utah National bank 0 Ogden N. N S. S Nellson president Commercial Com Corn mercial and Savings n bank Price J.D. J.D. J. J D D. Dixon cashier cushier Farmers and Merchants Merchants' Merchants Merchants' Merchants Merchants' Mer Mer- chants' chants bank hanl Provo J. J T T. Farrer c cashier of Commercial and Savings bank bunk Provo ro o Guy Lewis Lewia cashier of or Commercial and anti Savings Sa hank bank Rich Rich- fh fit Id ld J 1 j F P Peterson cashier cashler of or J. J M. M Peterson bank hank Richfield Seth S th PIx PIx- ton aa cashier of or Jordan lordan Valley alley bank Riverton HI K H. S S. II hills iliA a assistant cashier cash cash- ier 11 of Dp Deseret rt National bank Salt SnIt Lake Ellas A Smith cashier of oC Deseret Deseret Des Des- eret Savings bank Salt Sail Lake C C. S S. Burton lut president Farmers and Stock- Stock growers growers' Salt Sail Lake John Pingree Pingree Pin Pin- gree ret president Merchants Merchants' bank Salt SnIt Lake W V F. F ra Harts cashier of National Nation Nation- al Bank of oC the Republic Salt Lake Lak ElI Eugene Ene Giles Cues cashier of National Copper hank bank Salt Lake Rodney T T. Badger vice viel pr president of ot Utah State National bank hank Salt Sail Lake W V. McEwan Mc- Mc Ewan Zion Savings a Ings Bank an and Trust Salt Lake Senator II H. T 2 Re Reynolds nold president Banking company George GorJe A A. A Goff cashier of or Sugar Banking company compan Sugarhouse L L. W. W I cashier of or Uinta State bank Vernal Rollin P. P Grant president of ot the Irving National bank New York City George f T O Odd Odell lIl Farmers and Stock growers Stock rowers rowers' bank Salt Lake Lako City Carl R. R Marcusen l Price Commercial Com Corn mercial and Savings Sa bank Price B B. D. D Dean assistant cashier of Crocker National bank San Francisco Dr Clarence E. E E Edwards managing editor editor edi edi- tor of oC the Western rn Banker and FInancier Fi Financier FL- FL San Francisco I. I L. L W. W Knowles Liberty National bank New NewYork NewYork York CIl City J. J V. V Clyde Heber City W W. L. L Turner Hebor City T. T W. W D Boyer Bayer 0 er cashier Continental National bank Salt Lake W. W D D. Candland president North Sanpete bank Mt t. t Pleasant Russell Lowry deputy governor governor gov gov- ov- ov of United States Federal Reserve Reserve Re Ro serve bank San Francisco |