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Show BANKERS" Of UTAIft IN CONVENTION Addresses of Welcome by President Heywood of Ogden Clearing House Association and the Mayor Most Prominent Financiers of the State Present Trolley Ride in Ogden Canyon. i of Ogden. Lorcn Perrlns, Fruit Growers' State bank of Green River. J. J. Houtz, Commercial National Bank of Ogden. P. Heaiy, Commercial National bank of Ogden. D. A, Smyth, Commercial National bank of Ogden The program carried out this forenoon fore-noon was as follows: Meeting called to order by President Presi-dent A R. Hey wood, Ogden. Invocation. Professor D. O. McKay, Ogden. Address of welcome. Hon: William Glasinann, mayor of Ogden. . Address of welcome, Mr. Abbott R. HeywoorfTTpresldent Ogden- Clearing House. Response to addresses of welcome. Hon. John F. Tolton," president State Bank of B?aver. ' ' Tho meeting adjourned to meet again this afternoon at 2 o'clock, and the following program Is being given: Address of the president. Mr Lewis S. Hills. Salt Lake, president Deseret Niitl nal bank. Report of the secretary-treasurer, Mr. S. A. Whitnev. Salt Lake, cashier of McCornlck and Company bank. Address, "Postal Savings Banks," Hon. W. W. Rltter, Salt Lake, president presi-dent Deseret Saviugs bank Address, "Savings Bapks," Mr Wm, Piggott. Osden, president Utah State Federation of Labor. Address, "Early Banking In Utah." Hon. W. S. McCornlck. Salt Lake, president McCornlck & Company bank. Tito morning session was devoted almost entirely to addrosaes of welcome wel-come from the mayor of the city anil President Heywood of the Ogden Clearing house. President Hill of the Utah Bankers' association will address the convention conven-tion this afternoon, and late this afternoon after-noon the members of the convention wit hthelr wives will be entertained and banqueted at tho Hermitage iu I What promises to be the most important im-portant and interesting convention of the Utah Bankers' association was called to order at the Carnegie Library Li-brary hall at 11 o'clock this morning by President A. R Heywood of the Osden Clearing House association. There, were about one hundred bankers In attendance, and the general gen-eral expression was that the present convention,' which will be In session today and tomorrow, will discuss questions of greater commercial importance" im-portance" than has ever been taken up in any previous meeting of Its kind in Utah. Those present as delegates and visitors vis-itors are: C. R. Parker, Anglo London, Paris National -Bank of Snn Francisco. B G. Blackman, Plngree National. Chaa. Barton, Ogden Savings bank. O. A. Parmley, Ogden State bank. X. P. Jensen, Beaver State bank, Beaver, Utah. Geo.' P. Edwards, Coast Banker, San Francluco. H. M. Bcatty, First National, Denver, Den-ver, Colo. Geo. N. O'Brien, American National Nati-onal hank, San Francisco. A.P. Blgelov, Ogden State bank. W. F. Olsen, Price Commercial and Savings Bank, Price, Utah. W. H. Brentou, State Bank of Provo. O. M. Runyau, Commercial National Bank of Ogden G H. Tribe, First National bank of Ogden. John Spiers, Ogden State bank. M I) Evans, Bank of Garland. David Mattson, Merchants Bank of Salt Lake. O. C. Beebe, Zlous Savings bank of Salt Lake. , A R. Hewood, Commercial National Nation-al bank of Ogden. C. P. Dyreng. Manti City Savings bank. W. S. McCornlck. McCornlck & Co.. bankers, Salt Lake. Heber M. Wells. National Savings anil Trust. Snlt take Ogden canyon. The party will be con-1 veyed to the canyon in special cars. Mayor's Welcoming Addross. "Mr. Chairman aud , Bankers of Utah: I welcome you to our city. Everything In sight Is yours. Take what you want, excepting only our notes you must not take them. I "J ask you. while being escortoj through our city, to note the many new buildings that haye been erected erect-ed and those now under construction. construc-tion. In whatever direction you go, you will note that our' buildings are not only beautiful, but solidly built, disclosing, as thev do. that wo aro building with great hopes for the future fu-ture and that our cltize-ns have the greatest confidence In the stability and permanency of our city. I wane every banker In the state of Utah to know this, because the bankers, to a treat extent, control our money and we want you to feel that if any of your money comes to Ogden It will be safe. I, therefore. Invite you to see our city before you return to your I hraes. "Perhaps I am like many other. who have never owned a bank, but think tbey know more about running your banks than you do yourselves. Perhaps you will smile at my efforts to give you advice. At any rate, I am going to bo venturesome and talk to you as I feel. "During the 1907 panic, f was the pusi master of Ogden. II was my diify to1 pay the railway mail clerks running run-ning between Cheyenne ajtd San Francisco. Fran-cisco. During the panic I paid them in checks which were redeemed by the banks in clearing house certificates, certifi-cates, issued by the banks iu Ogden-Utah. Ogden-Utah. The mull clerks refused tboBe certificates. Some of the clerks retained re-tained my checks for several months rather than take tho clearing house certificates. Why were these certificates certi-ficates refused? Because there was a lack of confidence Ip them. The certificates were Issued as a make-bhift make-bhift to meet an emergency and lh-public lh-public was . not prepared for tbem and hence resented tbejr is6ue. "Now the point I wont to make Is tills: Why not have' your State Bankers association prepare and adopt a plan under which certificates may be issued by a bunk in case of em- (Continued on Pa&c Seven.) , F. C. Jensen. Mt. Pleasant. F. M. Smith, Bank of Spanish Fork. Joshua Greenwood, State Bank of Millard county, Fillmore, Utib. C. Hatch, Farmers' State bank, Woods Cross. A. O. Packard, Springvllle bank, Utah. V. F. Earls, National bank of the Republic'. Salt Lake. Guy Ferris, Richmond Commercial bank. ' - J. M. Whltemore, First National bank of Price. W. W. Writer, Deseret Savings bank of Salt Lake. G. M. Whltemore, First National bank of Nepbi. ' John D. Peters, First National bank of Brlghnm Edgar S. Hills, Deseret Natioual bank of Salt Lake. Eugene Gills, National Copper bank of Salt Lake. C. W. Buckholz, Citizens' State bank of Brlgham. Guy Balagnete, Citizens' State bank of Bingham. Geo. G, Hendricks, State bank of Richmond . D. Johns Bloem, Jordan State bank, of Mldvale. J. F. Toltou, People's State and Savings bank of Beaver. W. D. Fitzgerald, People's State and Savings bank of Beaver. W, J. Lewis, First State bank of Saline. E. P. Miles,' Blink of Smithfleld. C. X. Smith, Bank of Smithfield. C. ,1 Jeneen, Slate Bank of Sevier, Hich field, Utah. Thos. Smart First National of Lo-pan. Lo-pan. j Gto. C. WhitetLiore, First National j bsuk of Nephi. James M. Peterson, James M. Peter- I son batik of Rlohfield. I E. L Smith, fyenimerer. Wyoming, j State bank, Chas. G. Mube.v, Bountiful State bank. Henry F. MrKway, State Bank of flab., Salt Luke. J- N, O, Watson, First National bank,-, of Ogden. Preston A- Hli?. Plngree National bank of Ogda. H. K, Badger. l'lJin National bank of-ORdon. " " John Pinsr. tlrsl Natiwuul bank 4 1 BANKERS OF UTAH IN. CONVENTION nro loners, and our effort should be to make friends wherever we go- "Now, Mr President. ouce more In hi halt of the members of this convention, con-vention, wo accept of your expressions of hospitality and weeumo w.lU gratitude grat-itude and m hope that our meeting together here In thla convention will ho conducive of good nml for the ln-l ln-l rests of the people of the State of I'tali. I thank you." (Applause). Aside from the regular program, of the convention tomorrow, the members mem-bers will visit the state institutions In thla city, and the regular election and Insinuation of officers will occur. It is anticipated that the bankers will vllt tbH State Industrial school and the Slate School for the Deaf an, Blind during the forenoon. The convention tomorrow will he , given up largely to the discussion of Important banking questions and matters mat-ters pertaining to the commercial and legislative welfare of the country, the program being as follows: Thursday, June 23, 11 a. m. Address, "Universal System of Exchange" Ex-change" W. T. Boyer, Salt Luke I City. Cashier Continental National j bank. Address, "Some Observations on tho Fowler Dill ' John Plngice. Og- j den. Cashier First National bank. AddresG, "Tho Latest Addition to the Sisterhood of Dunks" Hon. F. W, Olsen, Price, mayor and Ice-president Price Commercial & Savings bank. Thursday, June 23. 2 p. m. Address, "An Analysis of the Central Cen-tral Dank Idea" W. Montague Ferry, Salt Lake City, director Utah Savings & Trust company. Address, "Some Undeveloped Local Resources" Hon. Mathew S. Browning. Brown-ing. Og.len, vice-president Amalgamated Amalgam-ated Sugar company. Miscellaneous business (Continued From Page One.) crgeuey, under the direction of tho State Association of Bankers, ' and thereby pledge all the banks of the mate' to' redeem the certificates at par. Of course, the etate association j should havo security, and of the best kind, and should only Issue 60 to 60 cents on tho dollar. If a plan of thla kind wero prepared now, before a panic arrives, and tho stability of the plan pointed out to the people lu udvance," the people would understand under-stand the rules governing the Issuing of clearing house certificates, and the latter would them be accepted without objection or hesitancy. "The fact that the bankers from other parts of the state had examined exam-ined the securities of a bank wishing ' to lssuo certificates and authorizing tho same, would reinforce the confidence confi-dence so essential when a panicky feeling prevails. "Of course, It would bo still bet ter If such a plan could be authorized by law, but, even without authority of law, I believe the bankers of this state could so organize as to give to all the banks in the stale stability and help In the hour of need. Such a plan, with all the banks of tho state back of It, would create confidence confi-dence Instead of distrust the moment the certificates should appear. "Of course, my plan may seem crude because I present no details. I apprehend, you gentlemen could sup-slniply sup-slniply a safeguard to oovcrcome everv objection -that might be raised. I call your attention to this, because.' as a government official, I had some experience on tho reception of clearing clear-ing ibouse certificates. If what I have said Is of any value I hape you may profit by It, If not. I apologle for having transgressed from my subject occasion, ascended Into., a very high mountain and he a'd to the person who accompanied lilmi 'Behold th ( cities of the world, the kingdoms t .this rnrth! If joii wjll but fail down and worship me, all of thcee I will give unto you' But the tronblo was he didn't own them. ,1 hope our mayor i Is 'not In that unfortunate condition this morning. (Applause and laugh- j ter.) When he says that everything Is yours for the asktug, I wonder whether they arc all his to gho or j not, (Laughter) Wc hope so at If-ast We take it for granted he ha the authority to say unto us, 'All these things aro yours, but It Is not necessary neces-sary for you to fall down and worship wor-ship mo' "I feel wo should bo friends In bus-I bus-I iness. that wo should get closer together. to-gether. In looking back over the : history of tho paBt, It Is but a few I decades since there were but a few I batiks In the etate or territory of ' Utah they could all be numbered on the Jlngcrs of your hands but tod Ay their numbers are legion and almost every town of Importance within the boundaries of the state of Utah can boast of its home bank. "Tho matter of banking was little understood by the people of this ter rltory and state until within the past few years. The ordinary citizen fell that a banker was an Individual who j belonged almost to . another world, and that he was unapproachable, and when ono went into his sanctum sunc-torum, sunc-torum, he felt almost m did Moses In days of old, when he was commanded com-manded to remove his shoes for tho ground upon which he trod was holy. And that Is what we felt when we carae Into tho presence of these groat bankers of our territory and state. Hut today, by closer union, by coming In closer contact with them, wo flud that they are but mortal beings, We rind also that they are men of affairs, that they are men who understand tho financial conditions of our coun try, and so wo go to them with the . same confidence and with the samo assurance that we go to our doctors and to our lawyers. We find that our Interests are mutual, ond those barriers, bar-riers, I sa, aro boing dispelled and thrown down, and we find that tho bankers today stand between th people and tho great financial disturbances disturb-ances that corno to our country. If tho citizen could have that confidence In our banker that ho has In his doctor when the complaint from which he Is suffering Is diagnosed, diag-nosed, many of our finnnclal reverses could be averted, because we ought to go to our banker and luy bofore him our financial situation, when we wish to obta.'n loans, that he may understand un-derstand our condition and that ho may prescribe for us that which will bu for our mutual Interests and ad vancementH. "On ono occasion a man who had ! amassed considerable wealth was approached ap-proached by a friend and this question ques-tion was asked of him: 'How Is It that you havo boen able to accurnu- late tho great wealth that you pos-soss?' pos-soss?' And tho man aaswered llko this, 'Why.' ho said,, 'my friend, thern ere two reasons that I can give that will account for the means that I havo accumulated In this llfo. One of them Is that half of my wealth I havo obtained through minding my ovn business, and the other half of my means I have accumulated through lettiDg othor people's busluess alone." (Laughter.) "Now, perhaps, that Is very good advice as a general rule, but I wonder won-der how It will work out In tho uial- , let cf banking business. If wo wero t.i attend to our own business strlct-y, strlct-y, we would soon go out of business. Usually It la our business to look aftr the business of our friends and to see that It Is taken enro of. Tho man today In the banking business who has the most friends, all other things being equal, Is the man who makes tho greatest success In the banking business, because It Is out of our friends we make our money, for our enemlos, If we are unfortunate to havo any, will not patronlzo us. And so wo should be extremely careful care-ful of our business, for when wo make a loan and make an enemy, we "On behalf of Ogdon City and the good people who live therein, I welcome wel-come you all to Ogdon. I wish you a pleasant tlmo and hope your meeting meet-ing may bring you good results. "Again, I bid you welcome. I am pleased to havo you with us and hope you will come to Ogden often." A. R. Heywood'a Address. Wclcomo of A. R, Hoywood, president presi-dent of tho Weber club and Ogden Clearing House association: President and Oeneral Convention: While this meeting Is called the second sec-ond annual convention. It Is In point of fact, the first, for that of ln.ot year was but a caUIng together for the purpose of passing on the advisability of organ! Jng and furnishing tho machinery ma-chinery for its purposes. It Is very pleasing to the members of the local clearing house to bo thus early In your career, honored with tho presence of, substantially, repre sentatlves of every banking Irystltu-' tlon In Utah, and Indeed many valued friends from kindred Institutions Just boyond our borders What tho mayor has so well said Js cordially endorfed, and hit welcome, wel-come, If possible, Is mado more hearty. It would not bo wondered at If our local committee had not anticipated all that may be In the minds of our guests, but ou can rest aasured that we all want to do what Is possible to mako your trip a pleasant one, and shall esteem It an additional favor If yoxj will not hesitate to command us In any way that your Inclinations point out. Wo deslro especially that you notice no-tice our public buildings, including the school houses, our Jobbing warehouses, ware-houses, packing plants and manufactories. manufac-tories. w While all arc familiar with fertile valleys and rugged canyouB, still you will find tills valley fruitful as tho best, and tho canyon more beautiful than them all, and Its beauties easily accessible by macadamized road and electric rail. Tho bridlo will ho off and all gates swing Inward, bo dear friends, relax for tho season and honor us by having a good tlmo. John F. Tolton's Response. I Hon. John F. Tolton, of Beaver, In response to tho address of wclcomo eaid: "It becomes my very pleasant duty this morning, on behalf of the members mem-bers of tho organization, to accept of your hearty welcomo that has been extended to us as members of this convention con-vention by tho Honorable Mayor of Ogden and by the vice president of this organization. I feel, as one coming com-ing to tho city of Ogden this morning, morn-ing, that wo havo como Into the nouso of our friends, and I am remluded of tho beautiful couplet which says: "'When your heels hit hard and your head feels queer. And your thoughts rise up llko the foam on beer,' j It is said you aro drunk. "We plead guilty thla mronlng, Mr. President, to a state of Intoxication, but it is that sUto of Intoxication which comes to us from pleasure and from the hearty welcome that wc have , received at your hands this morning. We feel, in coming to tho city of Og- den- that we aro coming to the sec- ond city In our sUte lu tho matter of I population; we also feel that we are coming to the city which ranks first j in tho matter of progress, In the mat-1 ter of enterprises. In the matter of extondlug hospitality to the guests within your gates thla morning. "There are many things of Inter- , st, I take It, that will be dlcu6sed 1 during the proceedings of this convention, con-vention, and 1 feel that as a hand of men who are Interested In one common com-mon cause, that there should be a closer union and relationship xlstlni( between us than has been lu the past through lack of acquaintanceship, acquaintance-ship, through lack of coming In contact with one another, and It Is occasions of this kind that tend to break down the barriers and to bring ua Into closer relationship whore wo may know each other better, where we may understand each other's methods meth-ods In the great common causo for , which we are all laboring. "In the hearty welcomo that was extended by Mayor Glasmnnn, I felt thero Is but one Instance that I call to mind at present tbat perhaps Is more extensive than that which ho has extended unto you this morning, iu the Invlhlble keys of your city that you are now supposed to hold, and '.. that will unlock the doors and give you admittance Into tho various pluc-cs pluc-cs of amusement and entertainment that jou expect Ut go to, and that is a matter of ancient history. Perhaps.. If you are familiar with your Bibles, ' you have read of the instance when one, lib Satanic MaJvBty, uiion one |