Show state BANKERS C L 0 E S E SION the banker bankers of utah have came and went and tho the news believes they arc are not sorry tile they v held their sixth annual state convention in price the biggest little city on earth many of them so expressed themselves in the hearing of tho the writer ono thing is certain tho men and women yemen on tho the entertainment committees d did d their best to please their visitors and uphold the tho reputation of price as tho home of hospitality and many of the visitors returned homo home with a more exalted idea of the importance of astern eastern utah its resources and de do the tile visitors began to arrive thursday morning but the main body came aiom the west thursday evening in r when 75 came in special coaches a attached to no 4 another bunch oame came on no 2 and by friday morning there wore were fully delegates and their ladles in the city the tito first thing on the program friday were auto excursions to the coal mines at kenilworth and the it ft farms across the tile river the ablaut was made from this city at 7 a in and the majority of the visitors took advantage of this opportunity to view the mineral and agricultural resources of eastern utah most of those going were agreeably surprised at the magnitude of both these re sluices sou ces ices all were tack back in the city by 10 a m the tile morning session opened at 10 a m with an invocation by bishop kroner brner after aich which mr marcusen made some announcements announce mints and tile then presented president knox with a gavel made by a price school boa bo from one of the historic cedars on wood hill president knox ace accepted apted the gavel in ill a neat in which he said it might come in handy after he be got home in cases of bf overdrafts the orchestra played a selection after which mayor gunderson delav ered cred the address of welcome he boosted price and carbon county and asked the operation cooperation co of the visitors tois in the development of our resources lion hon abbot R heyword hey wood of ogden responded pa fe said that the early coining auto trip had been an inspiration to dimand him and thanked the people of price for the hospitality bot they had shown the visitors he talked about the new banking law and remarked that in th tha 3 future price and logan would be the reserve cities of utah and that salt lake and ogden 1 carry their bank balances in ill those two cities the annual address by president frank knox followed the speaker commented on the bright prospects for a bountiful crop and then turned his attention to the income tax and the bankruptcy law the income tax he declared was pernicious inasmuch is Ls it placed a burden on the few that should be borne by the many tha present bankruptcy law was rotte bottey and placed a premium on crooked crookedness nests ho he concluded his remarks with a few words of praise for the tle new banking law after listening to secretary shep shop ards annual report the convention adjourned till p ra the tito afternoon session opened a vocal solo by miss vergie ferguson continued on page three ankers CLOSE SESSION continued from pago one that waa was tt nell rece lyod by tho the audience the subject of tho efficiency of the employed Emp loye was well but briefly bandied handled by mr stevenson of salt lake in the absence of mr mcewan who was detained at home by sickness fred I 1 B farnsworth of new york city secretary of tho the american benkers Bin kers 3 association and one of the most famous authorities on banking in the tile entile country spoke for an hour on the tile aims objects and activities of f tile american association he reported that tho the association ia as 1 ut at this time composed of banks located in parts of the united states ho he complimented the utah association on iho fact that four states in the union had bad a larger percentage of the banks bep resented in their associations ninety two of the banks in utah belong to the association the speaker thought the new banking bill was fully 70 per cent to the good and it was tho the duty of the tile banks to obey is provisions while lie ii was as a republican he lie had to admit he said that the democratic party had gi given oil the ban bankers kerts and the nation the first real modern banking bill ihen ft hen the tile glass bill was passed he lie advised tho bankers to maintain an attitude of conservatism and not be carried artay with the idea that a more elastic currency measure meant that they were to become careless in eL tending credit he believe the bankers vero were all bad just because some of them had carelessly given undeserved credit and brought their institutions under suspicion in criticising criticizing critic ising the habit of certain people of condemning everybody and everything that was as doing things he read extracts from the whitin writings gs of daniel webster and elbert hubbard lie ile admitted that the bankers had for a 3 ears had a hostile public opinion to contend with and while this opinion was not entire just it was up to the bankers themselves to create a more favorable opinion by liv living i ing up to the letter of the laws made for their guidance with the assertion that atice pi ice vias was entitled to be known as tho the greatest little city on earth the speaker closed a very interesting address russell lowery vice president pies ident of the american merian 1 national bank of san fancisco ft was not on ali the e program as it was not known he lie wodie attend atten d but bitt he lie made one of the best and most convincing addresses of the session bession he lie too realized that the bankers as a clas were not beloved of the public and he believed it U was r their the i r own fault lie no ap P and said ho lie did no not t expect expert any at tatt he thought bankers just as honorable as ats other hiss t of or people but they had not taken the to show the people why they did certain things in a certain way for ages the public had been prejudiced against rt nt money lend lond ers ors he ile said most people would trust a banker with their money but they wouldn t trust him to make choir laws lans he ile also ventured the assertion without applause that too mandof the bankers did not know their own business well enough to in the public in its ramification discussing the new currency law the sp sta staged t ed that the board which would have tho the interpreting of the law was divono much discretionary power that it iblas was hard to guess how the law would work ork in actual practice but ho he saw enough good in it to warrant him in a asking his associates to obey its provisions the tho new now tern tent will make it easier for banks b it to get money to lend to deserving borrowers but it will ill not give credit to a man who never before had any tho the law will nill be an aid to the banking but it 1 not t take the place of sound judgment tho federal officials promise to have the tile law in full opi opt ration by august 1 next but he lie has his hn doubts about that part of the program pr however lion ever a beir from now all of the bankers will know inore about the law than an one knows toda the addicts was v as so well fell delivered and so full of merit that the speaker received more applause at its celoso I 1 than any other speaker on the program although lie had rapped his profession where ho lie had thought it needed rapping A P bigelow Big clow of ogden spoke briefly on oil the evils of tile overdraft nuisance and opined that the host any ny to abolish it fujs to pass and enforce drastic laws against it at this point 4 the convention adjourned to permit the tho dole gates to attend the tile base ball game duding this adjournment a number of the delegates lined up along the costly high sel school ool auto trucks Cominer in front of the commercial cial savings bank and permitted a photographer to take their pictures mes THE BANQUET one of the most anio en joy able features of if the entire meeting was i the tho banquet lemed by the ladies friday 0 ening fully persons wei e served in a very vor expeditious manner by the nimble waitresses and the service was better than at many of the so called first class hotels the repast was in four cour courts Ps including fruit punch fried chicken with green pea patties boiled ham combination salad radishes olives f green onions strawberries ice cream cake cigars and coffee carl R marcusen Ma rcuben vas vial toastmaster toast mister and the following gentlemen responded to toasts A W Ilor horsely fely responded to the toast it alis is good foi for Us to be here in his usual light and happy st style e complimenting the ladies who he had supervised the tle feast judge A 11 christensen was introduced trod by the toastmaster as our present district judge who iho ja 15 very likely to be our not congressman and told why the desert shall blossom as the rose in his opinion this has alicade begun and will be consummated because of the energy of the people of eastern utah aided by the benefi cenat of the kind dispenser of rain and sunshine W 1 F olsons was the biggest little city and he made a straight fi aiom om the au arwilder booster talk promising ng that pike will take from ogder her laurels as the tile second city in the state A vocal solo b by the tile nightingale of eastern utah miss lora harmon was highly appreciated as aie are all her public appearances appe appeal ances atances to IV V S mccornick MC ornick one of the tile pioneer bankers of salt lake had bad been assigned the task of telling how memory lemory A will run back and fetch etch F the age ago of gold he ile contended there novel was and never would be an age of gold th it as long as nations contended for commercial supremacy prenia pre macy cy thyre would be an unending scramble to sold gold but no man would ever have enough to satisfy him big gotham and little gotham was the subject assigned to F R E farnsworth of new york and he stated after considerable good natured sarcasm that he lie had wired his chief in big a gotham that he had found little botham in eastern utah ho paid the ladies z serving the banquet a well deserved compliment frank knox president of the utah bankers association had bad been given the subject ti 1 I havo have done the state banks some service and they thay know it but ho he said he lie was too modeal to admit that his services had been of much value if we meet again well smile indeed i was av the tile subject given NT N T porter of farmington and nd he lie sale said that when a ja left homo home to conlu to price he lie had been under the impression that salt lako lake was the most important city in utah but after listening to ono one of tho tile price boosters for a few tow hours ho lie would pass through salt lake in sorrow on his return for he now tea fraed ed the cap ital cit was doomed to take a back scat seat for the the biggest little city 11 ille had been listening to frank olson toastmaster marcuson marcusen thanked tho tile ladies and ail all who had contributed to the success of the banquet and invited the visitor visitors ind townspeople to a dance in ill tho tile tabernacle A great ni anny iny accepted tha th invitation and a very enjo ible time waa beant 10 dancing the binquet in ans us certai certainly nil a credit to the women w ho be lupoi it nes dames W F olson J whitmore I 1 F P E woods 3 it sharp and C 11 stevenson ns as well uell as is the ladies Ks who served as waitresses tho the food was nas well cooked and nicely served and the tables and the room in general atie beautifully beautiful and appropriately decorated decorate both the aiice pi ice and helper bunds bands placed during tho the serving of the meal lending much to tho the enjo mont of the occasion THE CLOSING SESSION Satu saturday iday mori mornings ings session was nas opened with an adar arides r by L E whitmore Whit mole ic ns as sistan mis isliker liler of the first national bank rf price on the tile of enstein E isep ji utah and nd it i happier chaio could not have been made born and i cared in price mr vf bif more was well ivell qualified fled to tell of tah sections resources and he performed the duty wit with lah credit and pleasure received much applause and the congratulations of president knox C 0 1 A glazier state bank com commissioner in I 1 s called attention to the ba banking n k laws of the tile state outlining their interpretation and said it gave him a great deal of pleasure to aa that the great majority of the banks wore were trying tra ing to live within the law he ile said utah deiy very prosperous ious at this time one ot the last acts of the delegates was nas to caleca tho recommended om by tho the nominating camittee in cittee as follows president chas S burton salt lake abc fin first vice pi Pios oliden ident t 11 II E hatch logan second vico vice president P F 0 ojen jen sn mt pleasant seers secretary tary treasurer J E shop ard logan ro re elected executive committee coin cittee ellas elins A smith and T W boyer silt salt lake john J D dixon provo representing salt lake chapter 1 I A B W T MoE iran sih salt lake the of tho the next mooting nice ti ng place was left to tho the executive commit tee T ane 1 e committee on resolutions recommended om orn votes of thanks to the tile citizens of price for hospitable entertainment tain ment col fred E farna borth and russell lowery for instructive speeches to sect tary treasurer and official reporter packard foi fol services rendered and the delegates fe gatos adopted tho tile recommendations 0 the salary ot of tho secretary treas uror was raised ft fi om oin to per year como tomo changes el langes in the tile con ado adopted pled two now new applications for foe membership nere ere to 10 calved thu presidents deport Ms us accepted and ordered published president knox thanked tile tary and other officers for their hearty operation cooperation co during th tho apar an and d the secretary treasurer announced that ho be could try to ge acet t every bank in utah into the association W S mccornick Alc Cornick iok invited the tile association bation to meet in alt lake next ea ear after rafter which jhb o inon tion adjourned in order that the delegates ight get got an early lunch before taking the train trip to hiawatha at noon saturday tho the and residents of price to the number of boarded a special train on the tile souther Sou thoin it utah and went wont on an excursion to hiawatha acre they wu were re run 2700 feet into the mine on the coal trips and given gi on an opportunity to see coal mined superintendent 11 II E icsis dirt did everything in his power to show the tile vill vieito itol is every courtesy and detailed twenty of his most experienced men to so see e that nobody got injured or lost in ill the and workings workings As a result not a single accident occurred the same may be truthfully said of the management of the railroad for avery precaution was taken to safe glaid the tile lives and limbs of the passengers the party was met at hiawatha by the band and this organization outdid itself to make the visit a pleasant one the party left hi ill am agutha at 4 p m and at 01 rived in ill arit e b froly in dine to permit those of albo visitors going est to catch no 3 tho the trip was a treat to most A of L tho visitors as well as to many of tile local people fow few of whom had over seen soon tho the inside of the hiawatha mine |