vice-president of the American Reserve Bank shall be three years, and
the salary of the president shall be twenty-five thousand dollars
per annum, payable in monthly installments, and the salary of the
vice-president shall be eighteen thousand dollars per annum, payable
in monthly installments. The salaries of all the other officers or
employees of said bank shall be fixed by the board of directors of said
bank.
COMMENT:--The term of service should not be too long, for it would
follow that a good officer would be retained, while a mistake could be
corrected within a reasonable time. The salary should be sufficient to
secure the ablest men that the country affords.