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Newspaper
Big Piney Examiner
Location
Big Piney, Wyoming, United States of America
Date
Apr 03, 1930
Page
4
Discussion on leadership and success as linked by service to humanity. Emphasizes persistence, taking action over excuses, and doing what ought to be done, citing Washington and urging individuals to lead in their communities and organizations.
The Economic Policy Commission of the American Bankers Association is directed to study chain and group banking and the Comptroller of the Currency’s branch banking proposal. The commission, chaired by R.8 Hecht of Hibernia Bank, includes noted bankers from New York, Dallas, Cleveland, Detroit, Chicago, Los Angeles, Kansas City, Bowling Green, and Philadelphia. A nationwide survey on chain banking has been issued in honorific form by the ABA in New York City.
A regional analysis from the American Bankers Association confirms a first national decline in savings deposits in two decades, with only New England and Pacific States showing gains. As of June 29, 1925 total deposits stood at 28.22 billion, down from 1925 levels, while six New England states and seven Pacific states posted deposits and depositor gains. Losses appeared in the Middle Atlantic, Southern, East Central, and West Central regions.
James E B Baum deputy manager of the American Bankers Association Protective Department urges customers to guard savings pass books blank checks and cancelled items to thwart forgery. He notes the department investigates hundreds of bank crimes and that stolen blank checks and pass books are common forgeries stock in trade. He cites alarms and state police patrols as effective to reduce bank holdups, especially where state police exist.
John G. Lonsdale argues interpreters of times are vital to solve world issues. He says bankers must study trends, that mergers expand scale, and leaders who read signs of the times will steer future action and prosperity. The path to top starts by understanding bottom realities.
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