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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