Proceedings of the ... Annual Convention of the American Railway Engineering Association

Cover Proceedings of the ... Annual Convention of the American Railway Engineering Association
Proceedings of the ... Annual Convention of the American Railway Engineering Association
American Railway Engineering Association
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No man can tell how soon. May great world move- ments of depressed credit sweep their cold waves down upon us? No man, nor set of men, can pre- vent!
Then, where is our refuge? And the answer, — not in our neighbors, not in our correspondents, not, perhaps in the federal treasury or in federal controlled banks, since all of these may be power- E. R. Gumey, Framont, Neb.
Digitized by Google 68 THE NORTH DAKOTA BANKER less to aid us, but, in notes that will be paid when due!
And so ft needs no fu
...rther argument to con- vince you of that which you already know, and which I would have you more vividly realize, that the bank which has in its vaults the highest per- centage of notes that will liquidate in cash at ma- turity is splendidly managed, and a success.
At this point I hasten to confess to you that I have never been a successful banker, — rather should I say that I have never managed a bank to my own satisfaction, and along this very line has been my largest measure of discontent.


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