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THE CHICAGO BANKER
September 25, içoç>]
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4.	“The committee cannot undertake action on any case unless immediate notice of crime has been given to the secretary or such notice sent to the nearest Pinkerton office.
5.	“The committee will not take cognizance of cases where other than members are defrauded. If customers of members cash checks for unidentified strangers, and same turn out to be forged or raised, they must pursue the criminal through the police, sheriff, or other county authorities or some detective agency at their own expense.”
As a result of the work of the protective committee increasing to such an extent, and in view of the fact that it was impossible for the secretary’s office to give the required attention to this work, the advisability of the employment of an experienced man in criminal work to give his undivided time to the work of your committee, was considered (the authority to employ such a person having been granted) and resulted in the appointment, on August 2, 1909, of a representative of the government secret service, who had been for years in its employment. The committee believe this action will achieve beneficial results.
Your committee have examined, reported and acted on over 20,000 letters and reports in connection with their work during the fiscal year 1908-09.
We are pleased to report that there have been fewer crimes in proportion perpetrated against members than for any previous year.
Oklahoma Banking
A. M. Young of Guthrie, Okla., stirred the bank supervisors convention with a discussion of conditions in that state.
“Some say our banking laws are weak and besides we are not enforcing them,” said Mr. Young. “To those I will point to the men we have in jail now for violating the laws. Our guaranty act is working out splendidly. I act as an arbitrator sometimes, and have refused to grant applications for new banks where they are not needed even though I am not supported by the laws. I say this in answer to the statement of many who declare that anyone can start a bank in Oklahoma. If they do they will have to fight it out in the courts and I will not quit till we have reached the highest court.”
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The Oakville (Wash.) State Bank is the title of a new chartered institution. Capitalized at $10,000.
men, announces this as his conclusion:	“The
only durable conquests, even in ages of barbarism, are conquests made by the plow.” If this was true of the rude ages when men lived for the sword, and the tiller of the earth was either a slave or a still more wretched peasant, it is far truer to-day when civilization has built her imposing fabric upon the expected bounty of the earth. We must maintain, protect and extend these conquests by which the race has won its way. It is not, as in the old mythology, Atlas whom we see groaning beneath the weight of the world upon his shoulders, but the homelier and humbler figure of the cultivator of the soil. It is for each of us, in every capacity, public and private, to do what in us lies to enlighten, reinvigorate and sustain this common benefactor of our kind.
Protective Committee
A part of the report submitted by the Protective Committee was a statement of the new rules under which that department of the A. B. A. work is done.
1.	“Upon receipt of notification by the protective committee, Hanover Bank Building, New York, N. Y., of an attempted or successful perpetration of fraud upon a member of the association, either by forgery, check-raising, robbery, or safe-breaking, which appears to be the work of professional criminals, accompanied by a full account of the offense, and, if possible, a description of the operators, the committee will, if the case come within the category of those of which the association can take cognizance, at once undertake the apprehension of the criminals by means of detectives and such other means as they may consider warranted. A case once committed to the association, which results in the apprehension of the criminals, cannot be taken out of its hands, nor the offense condoned or compromised.
2.	“The association cannot take cognizance of petty larcenies or thefts by employees.
“The protective committee can spend no money, undertake no detective work, employ no lawyers and pay no fees of any kind in ■cases of local swindles, or frauds or confidence tricks. The vigilance, alertness and energy of the officers of the banks must be relied upon in such cases.
3.	“The association cannot be held responsible for any expense incurred for protective work which has not been previously authorized by the protective committee.
care of the one great resource—the soil; the one indispensable occupation—agriculture; and the maintenance of a proper economic relation and balance between it and all others.
It is not illogical, and I hope it will not prove unhelpful, to make this presentation of our industrial case to the associated bankers of the country and to invite their co-operation. The strength of capital and the mightier force of credit hold up your hands. “Credit,” said Daniel Webster, “has done more, a thousand times, to enrich nations than all the mines of the world.” The banks are creators, distributors and conservators of credit. This power, mightier than armies, is within certain limits, under their control. They can, subject to the large and general business conditions that govern us all, use this force to encourage or to discourage. You can do as much by the influence and advice to which your calling so often lends weight. I can best express the possibility and value of this by quoting from the last address of President Chapman, of the Minnesota Bankers Association: “The banker as an individual hardly recognizes the important place he holds in the community. He is the confidant of the widow, the orphan, the business man, the farmer and the professional man. To men engaged in no other occupation do the people look for guidance and advice in business ventures more than the banker. ... It is to you, gentlemen, largely, that the father of the young man living in the country comes for advice as to what school or college the boy is to attend or what profession he should follow; and it is your duty to be so advised and posted regarding conditions in the cities that you can intelligently advise that father whether it is to the boy’s interest to leave a farming community where the chances are that in five or ten years he can own a farm and be worth $10,000 to $50,000 by intelligently farming the land, or whether he should go to the great cities and become the future motorman and street car conductor.” Thus I am able to reinforce by the words of one of your own order my opinion that you can do much, both by direct influence and by promoting such an educational campaign as I have outlined, to restore the prestige of the farm and to raise it to that pre-eminence in profit as well as in attractiveness which is its own due and the nation’s hope.
The eminent historian to whom I have already referred, scanning the history of more than twenty-five hundred years with the eye of the philosopher, determined to extract from this vast store of facts, according to the modern scientific method, some fixed principle in the affairs of