Salt Lake Tribune | 1917-03-02 | Page 9 | Utah Banks Good, Coast Editor Says

UTJIH HKS 6000. ' COAST EDITOR SAYS ! Publisher George P. Edwards Ed-wards of San Francisco Here on Visit. George t Edwards of San Francisco, editor and publisher of the Coast Uunk-er, Uunk-er, officially recognized by tho Pa n kefs' associations of Utah, California, Washington, Washing-ton, Oregon, Nevada and Arizona as their official news medium, is a guest at the Motel Utah. Mr. Edwa ids is on one of his periodical trips to this state. S-alt Lake banks are as good as any on the coast, ' and their officials are mighty good bankers, according to Edwards. "No community can get far which has not able bankers. Mr. Edwards said last night. "The banker who says 'yes' too easily may soon help to 'break' a. town. Not only must be know that the institution's institu-tion's money is safe, but he must lend it to enterprises that will be a success and of benefit to the colnni unity. "The development of Salt Cake proves that you have that kind of bankers here." Speaking of banking conditions in the west, Mr. Edwards said t hey have more money than they ca n lend sa fely at the present loan standards. They are wondering won-dering how they a re going to extend their loans and still keep within the con-lines con-lines of good banking. Some methods will have to be found, Edwards thinks, that will allow the bankers a little more leeway. "The state and nat ional governments ought to be careful t hey don't overtax banks," he said. "That has been the tendency during the last few yea is and it has had the effect -of making banking stocks unpopular as an invest ment. 1 r there is not sui' rieient banking capital there will naturally Lie less mouev to develop de-velop business. "The bank is the heart of the business of the nation and it vou interfere with t he heart action vou Interfere In-terfere with the prosperity of the nation."