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Show of consideration in this state. We have called attention to this line of thought previously in these columns but more particularly particular-ly concerning oil stocks. Let's not only ask the bankers of Utah to help protect the innocent, but let every business man with any standing whatsoever, stand true to the trust of a great democracy: de-mocracy: The bankers of Iowa, in state convention at Dubuque performed per-formed a courageous and patriotic service in proclaiming this warning to inexperienced investors; "We have.within this state a swarm of private corporation promoters who are engaged in the business of starting new corporations cor-porations for the sole purpose of securing promotion salaries, including exorbitant commissions paid to agents for the sale of stock; and as a means of reducing this evil we call upon the bankers of Iowa to refuse the inducements now so freely offered for their influence in making sales of stock in these concerns, most of which are unnecessary if not unsound. "We urge the bankers of Iowa to refuse to buy notes given for purchase of such stock. "We condemn the practice of any bank officer or employe receiving or accepting compensation, directly or indirectly, by reason of his connection with any promotion scheme. "We especially urge bankers to refuse-to write letters recommending re-commending not only the stock as an investment, but also the men connected with the promotion of the enterprise." The secretary of the Iowa Bankers' Association, in transmitting trans-mitting these resolutions to the press, says it is the purpose of me officers of the association "to utilize every legitimate influence influ-ence at their command to safe guard the innocent investor, and to make it difficult for the promoter to secure money from the widows, orphans, guardians and others who may be inexperienced inexperi-enced in money matters." The Iowa bankers here pay tribute to the ethics of their ancient and honorable calling. As they declare in their resolutions resolu-tions bankers are offered tempting inducements for their influence influ-ence in the sale of speculative and nnsound stocks. Deposit accounts ac-counts running into the hundreds of thousands of dollars are not to be sneezed at even by the largest banks. But the first duty of the conservative and honest banker, with a legitimate pride in his calling, is to protect not alone his customers but the community from being fleeced by smooth-tongued parasites. It is to be hoped that the timely example set by the Iowa Bankers Association will be followed by similar associations in other states. Every dollar this nation can raise is urgently needed need-ed to fight the war and to extend the industries necessary to support tne war. It is no time to be mealy mouthed in denounc-'ng denounc-'ng genteel swindling; or for bankers, any more than newspapers, to tolerate and encourage it for a profit. hC""' UTAH BANKERS SHOULD FOLLOW IOWA 1 V The following story of what the Iowa bankers have done concerning so called fake stock sellers 'and promoters is worthy |