The New York herald., 1878-12-04
BANK CLERKS ASSOCIATION.

TENTH ANNIVERSARY EXERCISES AT cHICKERINo
H,LL-ADDREssEs BY CHAUNcEY NJ. DEpEw
AND REV. FREDERICK COURTNEY.
very delightful entertainment given last
evening at Chickering Hall by the Bank Clerks
Mutual Benefit Association, the occasion being the
tenth anniversary of the society. The hall
crowded from stage to door, about half the audience
being ladies' The exercises opened with organ
voluntary by Mr.. John White. Mr.. John p. Towns
end vice president of the Bowery Savings Bank,
called upon preside and delivered able address.
in which he reviewed the history and progress Of the
association, and complimented the young men highly
upon the dignity and honor they had conferred
upon the banking community in general. The
song. Farewell (Graham, next sung by
Master Frederick Hilliard, who was encored.
Mr. W. Coggeswell president Of the association then
read the annual report. The financial statement pro
sehts very fine showing. Among the receipts were
$l4.469 so from dues and assessments; interest.
$1.1OO 70; donations, S1,164; cash hand Ok, 226.
Some of the disbursements To families Of ds-
ceased members $l3 200; disabled members and their
families. $4,000; general expenses. 1888 90. This
amount Of permanent fund.- with interest aud
clear Of afl claims, was ssO,s22 TO- During
the ten years Of the societys existence there has been
paid to families of deceased aud disabled members
Sill. 500 so. The number Of members admitted dur
ing the year was forty three. and the total member:
was next sung by Master Frederick billiard. Mr..
Charles Hilliard and Mr. Thomas Dcnnison.
Mr.. Chaunccy NJ. Dcpew was then called upon to
address the meeting He said it fitting that the
association which was connected with the banking
stem Of the country should hold its annual meeting
In the declining hours Of the year II had been pub
licly declared that the national banks instruments
Of dcspotism, but this was untrue The whole history
Of banks from biblical times to the present day
then narrated, and the speaker drew the conclusion
that commercial successes only atainabe under
a sound and honest banking system. 1t was the wis.,
dom Of her banking system which made New York
the financial centre OF the continent Mr.. Depew
highly praised the system by which Uncle Sam held
the bonds to redeem the bank notes, whatever
became OF the bank. Then he related what
had been done for the nation by its prominent
bankers at different times. In conclusion he
graduated the young men the size of their per-
manent fund end suggested that If the banks knew
their interest they would increase it by S2O,0Od
more before the first of January.
The song Waiting by Millard. sung by
Master John l.. Foster, and in to he
gave Italian song which allowed fine play to his
sweet voice.
Rev. Frederick Courtney next addressed the meet
ing He alluded cheeringly 10 the near prospect Of
the resumption of specie payment He felt glad that
religion and business could look each other in the
face and feel the better for it. In conclusion he
begged the young to lay mp their treasures where
moth and rust could not corrupt them.
The exercises concluded with songs by the st.
Cecilia quartet-Mr. William Dennison, Mr.. Thomas
Dennison Mr. Charles Hilliard and Mr.. w. l.. Giliey.