The Bismarck Tribune Newspaper, December 31, 1926, Page 9

( , _ FRIDAY, JANUARY 31, 1926 BANKS IN MUCH - SOUNDER SHAPE 'Y) THAN.IN YEARS * Bills Payable Greatly De- creased—Slow and Doubt- ful Loans Are Removed Banks throughout North Dakota generally are in much sounder condi- tion than they have been for the . last several years, the opinion of Gilbert Semingson, state bank ex- aminer. a, Reviewing the banking situation as it now exists and prospects for the future Semingson said: oo man: people have the idea that bank fail- a eer rigged have = , Cau irregular, improper * iNegal action on the part of bank- Rg start with we had too many anks, “While it is ‘true that some fail- ly ures can be charged to irregular and improper banking methods and even to actual fraud, these constitute a negligible portion of banking losses. The majority of closings are not thus tainted. “No fraud or irregularity can be “alles in the years gone by when mble the idle fund: ity and make th and made loans that at the time were consider- her with or situation ide le of banking circ! was to criticize these loans. They sed to be good. , é rs Took Over Losses “As time advanced and these loans, instead of being paid, had to be re- newed, there was still no thought but what the loans were absolutely good. Then the time arrived when losses had to be taken and in hun- dreds of cases hs, ede the state, the bankers themselves took over bas put up their in- dividual in order to protect the bank’ impoverished themselves in the opera- tion rather than to have the losses charged to their bank or to see their bank fail. They kept putting up and putting up as long as there appeared to be any hope of continuing the institution. I know of instances where bankers borrowed money to the limit on their life insurance policies to put into the bank to protect it w against losses. “I am not undertaking to excuse the comparatively few cases in which fraud or irregul was discovered, but I think a measure of praise and sympathy is due that other vast num- ber of bankers who made such tre- mendous personal sacrifices in order that their depositors might suffer the least possible loss. Farmers Lost Also “Losses have been taken by banks but they have not been taken by banks alone. Farmers also have taken tremendous losses and noone charges their losses to fraud or irregular- ity. If they had been able to repay their borrowed money there would have been comparatively few bank closings, and the closings would have been limited to such banks as were affected by fraud or irregularity and such are extremely few in number. While it is true that all banks are not yet out of the woods it is *. parent that banks peueely are in much sounder condition than they have been for the last several years. “The bills payable by banks or bor- rowings from correspondent banks and others is only about one-sixth of what it formerly was. Slow and doubtful loans have been largely re- moved. Deposits from outside the state have been largely paid off and deposits now in banks, are much more stable in character, and the deposits are maintained more large- ly by persons who are interested in the development of their re: communitie: A large part of the 4, Teserves consist of state and ° } ment bonds, quickly convertib! cash in case of ne have been built up. Reserves are now over fifty per cent higher than the law requires.” IN VARIOUS WAYS JA Aictingnishing feature of religious life of the Salvation Army, an organization which is concluding a most successful Pe. in Bismarck, : & insistence . ae arene meer bershi in carrying, er o! Christ to those who: need it, accord- ing to Captain Luella Knuth, in charge of the Bismarck post. The Bismarck post is doing all in its rf to carry out the aims and ideals of the National Salvation Army, especially in the field of young people’s work. Among the projects of the national organizations which are being supported locally is the social service work among children. Settlement houses and nursing ser- vice in the larger cities are an im- portant part of this work. There are staffs of investigators who render ‘ constructive aid in homes from which the children come. Children’s homes and hospital care for children whose parents are un- able to care for them are provided by the Baleption Atay. ‘ af saaay in- stances, Captain Knu Sites Mai be for ‘ave! is 15 for is also BRE re i d ‘ fos l : : fi i is directed by Captain Knuth end Lieut. Charlotte Timerick. The ex- ecutive board includes Judge A. M. lin,’ urer, Mra, Alfred C. R. Simpson, field manager; H. P.| Although postal receipts this year| about “average” it is stated and au-|was shown, or approximately 14 per s thrift; »| you like to have your pick here?” Goddard, appeal secretary. In addition |will not quite reach the record set |thorities declared that in view of | cent. : RRS TM Ue griheeciet er overt rare barred Ph arcades there are 24 members on the advisory |last year, financial conditions in the|the legislature, which sends tons of] The third quarter showed a de-|First quarter ..$47,108.92 $58,294.80 weigh the babies he called after him: |have my shovel.”—Buen Humoy board. ' Slope country should not be consider-|mail through the postoffice during |crease of $8,902.59 from the same|Second quarter . 45,561.00 87,784.07| “fut. both on the scales and divide | Madrid. 23 - ed below par, postoffice authorities | its sessions, did not meet in 1926, state. : the decrease is inconsiderable. Receipts are estimated to fall| Figures, kept by three-month per- slightly more than $2,000 below those |ieds, show that the receipts of the of last year, a decrease of only ap-|first quarter of 1926 exceeded the proximately one and one-eighth per|aame period in 1925 by $11,188.88 or cent. approximately 25 per cent. For the The receipts for this year will be| second quarter a decrease of $7,777.62 PAGE SEVEN doctor!”—Lustige Blaetter period the previous year, or approx-| Third quarter . -imately 15 per cent, while the i mated receipts for the fina pe of 1926 show an increase of $3,45! Totals....: or slightly more than nine per cent.|* Estimated. Figures, by quarte: wing the —————_—— Bismarck postoffice’s 38 during THAT'S ECONOMY The Schweppes had twins. 52,541.57 43,638.98 Fourth quarter 33,196.96 °36,656.51 $178,406.20 176,874.36 by two, Berlin. POSTAL RECEIPTS CONSIDERED GOOD on, president; L. K. Thomp- Taylor, and Fred L. Conk- vice presidents; J. L, Bell, treas- Zuger, secretary; CHOICE Casey and Murphy stood before + jewelry store. “Casey,” asked Murphy, “howd the past two years, follow: Father ide wee: SINCERE BEST TIMES ‘an BE BETTERED tannin DURING THE NEW YEAR! YEAR! 1927 California Fruit Store HERE'S TO 12 MORE MONTHS OF SINCERE GOOD WISHES MAY 1927 FIND YOU AWAITING MORE CHEER Monson’s Tire Service 216 Fourth St. WITH KINDEST THOUGHTS FOR 1927 Quality Meat Market WE PREDICT 1927 WILL BE A GOOD YEAR! Bismarck Shoe Hospital H, Burman, Prop. MAY SUCCESS ATTEND YOU THIS NEW YEAR