Telegram-herald., 1888-09-14
MICHIGAN BANKERS.
sslesa.ss - b. >. as8llstsE ksels
- Psxsy H.4a.A- Es~estoa -
1ns.r. He Elsxal
Dsssx.1LsaA

44F % h1e frl~tts-.s4 - ~-e>s "a 8s-Al-
xsn's nost izfasaasl Sitizsas. bsF ba-ksFs.
Oas ss.F aga tAs baaksrs d hcnixaa
met a. IA Russell House. 10 Dssro.s. for
TIE 2arpsss 81 ozx.nixlEg Bankers Asso-
eisaon Boz tAs state q Mishigsa. TIE
Association sss formed -ilh the f5lie~i8g
olnosrs Prssi4sat Parry HanaaA. FiEsz
gie. President. AlbsFt lsss. second Vice
Ptssldszk WsihngtoE Z Burt sscre-
tsry. FrsdsTicx W. hayes. Treasurer. silas
b Coism.a. s4d al sxsculiys eO1ncll u
thirtssn 0sm5srs
Ysstsrday ths Association hsli their sec-
oa4 s.saai meeting fer TIE elsctlOo Of
cfsesrs ssd saSh other basines. ss IA All
cane andsr the consideration Of the nisel-
isz
Tns msstin< vas called 70 order sy Prssi-
ssot Hsnnaa a. o'clock With soout
seYsaty ave Of tAs leading oanksrs OF tns
state prsssat Tns PrssIcsnt announced
ta.l Harvey J. ho.lisssF would deliver the
~scoeink addrssz M hollisIsr said
Ms PkEsIDksT, GksrLEsks-B4nksrs Of
Aicnisaa. ths privilegs Is zlvsn ne Of bid
dag you welcome 70 Grand h4psas The
city eongratslstss itself up0a y0ug presence.
The sAnks OF Grand Rapids a-e glad 10 have
yea even for o bTisf visit some of you are
hers ne doubt for TIE nist time. and you Aie
nos . little envioas aud possibly quits In
lsfested 70 learn the secrst OF this city
rapid grovth and great prosperity
/ trust thzt you will remain lons enough
10 inspect vita some theronghness our di-
vsrsissd industries You
will probably see much going on apparently
a. cross purpose. This lack OF harmony Ia
that -hich appears upon the surlscs OF our
clty life ls natsrsi. however. The growth
aud prosperity OF the city has come about
very lsrKely because there has always ex-
isted here great harmony OF purpose and
loyalty 70 the eitys rest interests.
The city Of Grsnd Rapids has but one
purpose-sns thought concerning all who
may sesk q home within rs borders
nancy this. sincerity and prosperity, and
consequently cont<ntment and happiness.
IL did nOt vote for the prohioltory amend
ment but our citizens are certainly IN
favor OF water or they wou.d not seek 10
support two systsms of water supply and
two rlVsi companies.
generation of earnest isIthfnl men and
women have worked hard 10 MAKE this
city what Il Is.
The industries Of the city came from the
very smallest beginning. II / conld take
tory of z. c. Constock and show you the
nrst table or oeastssd turned out in that es
taslishnsnl and compare those articles and
the machinery used In their construction
with the beautiful artistic WORK ana mod
ern mechanical appliances now to be seen
Ia the establishment OF his immediate sue
cessors Nelson, Natter q Co.. or q score OF
the other furniture factories; )r II / could
show you the first bureau manufactured bv
= Il . !
| modest shop of Powers & Sail on Pearl-st.,
and compare il with the magnificent speci-
mems now turned out by the skilled work
men OF today, rivsling even IN beauty and
elegance Mr.. Pullmsns last and greatest
triumph, the yestibgle car or Il ! could in-
troducs you 10 our banking institutions OF
thirty. ave years ago, presided over by VIM.
J. Wells and Daniel Ball & Co. who with
limited banking experience, and still more
limited capital. were striving TO make bricks
without straw. and then make you fully
acquainted with our present banking instl-
tutions. possessed OF ample capital and per-
hsps q fsir average OF executive capacity
and you could Judge far better of
| the obstacles overcome and Of the
| progress made"
Mr.. Hollister here gave a history of the
| banking ousiness of the country aud OF the
| ruinous effect of the war upon the banking
interests OF the country. He said that he
| rem.m eered to have paid 81 0o0 for a draft
| OF $4,000 on New York, and was glad to
| avert the notes OF banks then in circula-
| tiou into New York funds even at that
| ruinous figure.
| Had 10 not been that nature had laid up
| IN her soil, In her forests, in her
| vast mineral deposits stoaeS of irexhausti =
| bic wealth for the children Of the West
surely sore defeat would have been the por
| ton of the majority OF those who settled
| in Michigan fifty years ago.
| Mr.. Hollistsr closed by again heartily vel
| coming the bankers Individually and as a
| cody to cur city aud TO the personal sc-
| Qusintance Of the citizens,
President Hannah responded 10 the ad-
| dress of welcome with . speech OF which
the following Is 8 brief synopsis.
GESrIExES OF THE AIcHIGAN STATE
BASEERs ASSOCIATIONS When We as mem
hers OF this Association, received the iRvi-
tation TO hold our second annual meeting
10 this beautiful and thriving city of Grand
| Rapids, We were deserving OF hearty con-
xratula:ions. For many reasons this is a
| desirsbls place Tor holding this meeting
surrounded a. i. is oy great man ufscturing z
/ interests. Its banking facilities have had a
| phenominal growth
Fl, Though our stay here will be brief. We
shall hardly be able to pass through ana
/ observe - different industries without inn
oibing something that will De of service 10
rs in our Own line OF business
| THIS Association vas equally fortunate in
having for its place Of birth the old and 81 b.
4 stantial City Vf the Straits, which bv force
/ OF cirCumsancss. has been and always will
De ths moneyed centre Of the State.
We are now entsring upon the duties Of
| our second annual meeting aud I trust that
the progress our Association has made in
! ths drst year Of its existence may bs salts
factory 70 is most srdsnt workers
Nearly sh Of my boy hood DAYS we're spent
| on ths banks Of the beautiful ST. Clair
River At Port Huron. Ny work was in
| tinstsly connecfef With the development
of ne early lnmbsring interests % that por-
/ ton Of the state. Flosting down the river
from Port Huron to Detroit on loS rafts
when steamboat to~sgs vas too expensive
/ an element 70 employ IN crossing Lake
| Sc. Clair I bsvs spent four Eesks a.
time on that axe beating backward snd
! forward IN order % reach The Detroit River
By me AID of stesn the same sisssucs il
nov made n twslvs hours
In as I depsrtsd foe Chicago, reaching
| t5sf city ~hsn e Bamhsred but from
/ ten % twslvs Thousand inhaeitsnts Look
/ ing o6 over the broad prsiriss on the sonfh
and vest 1 cane % conclude tsst thar vas
and fsrtss conn wouid not long iis in
| an 1adsvsi0ped condition. civilization ~az
siresdr makiaE ifs wav vssf seri-ths
/ bread prssrieS Of Illinois we're testinsi
sosn - bs studded 5ers snd tAsre wish
/ thriving cities and sses-tae sgricGlgarsl
resources would soos % IN 81 active stats
I ~ devef0puent To scc0apiieh 81 tais
( cisariy ssw lat Micbigsn accessible q n
5-r YOU'D soca y "a zosf dsuasad-thsi a.
7 II wouid = wlse far ne 70 return 90 nF
a-r STATE ssd saEzze in the luwSeT kasi-
/ asss waich hsd slrssoT psrrisllT ssrned
wsadsd uy wav % ths saors 81 1rAnd
4 T-a~srse R-v ia ssarrh - sauss i7vsst s,@nt