Los Angeles herald., 1891-03-14

Mr., Bosbyshell discussed Interest on
Deposits, expressing himself as opposed
TO the payment of such interest, as the
benefits to the depositor from the SER
vices rendered by the bank were such
as to entitle the banker to be paid.
rather than that the banker should paw
for money liable to be drawn out at any
moment.
There being no further regular busi-
ness before the convention, Mr.. Lanker-
SHIN presented resolution to the effect
that the California Bankers association
thoroughly approved the work of the
bank commission of the state in aiding
bankers and protecting depositors.
Judge K. M. Widney called UP his
resolution of the previous day request
ing the members of congress to devise a
uniform system of money with the gold
dollar as a standard and silver and cur
rency on par with it, and legal tender.
| The resolution was adopted unani-
mously, and will be forwarded to Cali
fornia's representatives in congress.
1t was arranged that each county rep
resented should elect its own vice-presi-
dent, and forward his name to the secre-
tary within thirty days.
A vote OF thanks was. passed to the
Los Angeles clearing house, to the con-
vention officers, to the people of Los
Angeles and the press, for favors and as
sistance.
Mr.. Spence replied in behalf of the
clearing house, and the people OF Los
Angeles, In short but humorous speech,
and suggested that vote OF thanks had
better be passed to the Redondo Beach
folks also, as the proceedings of the
banquet would not be reported in the
secretary's books.
suggested that that was fortunate. and
amid the laughter excited by this re-
mark the convention adjourned sine die.
Today many of the northern bankers
will visit Pasadena, previous to their
departure for their respective homes.
THE BANQUET.
The bankers met at 5 O'Clock at the
Redondo depot, to go to that seaside
city to enjoy banquet rendered by the
Los Angeles clearing house at the Re-
dondo hotel. Captain Ainsworth and
Manager Root extended warm well
come to the visitors. At 8 o'clock the
magnificent dining room was thrown
open. and the guests seated themselves
at the beautifully decorated tables.
Flowers in profusion lay in beautiful de-
signs, and soon the bill of fare was be-
ing discussed.
When the Pommery Sec was freely
flowing the speeches began.
Judge R. M. Widney, in response to
the toast of the President OF the United
States, made an eloquent address, allud-
ing to the greatness of the president of
the United States as not meaning the
tyranny of any one person over the
people, but the rule OF the people by the
people. 1t was greeted with great ap-
plause.
Mr.. Farmer, OF Pasadena, responded
to the toast of The Governor of Califor-
mia, as being neighbor of the states
executive. He made an apology for not
being prepared, but made strong ad-
dress in favor OF Governor Markham.
He credited the executive with many
good qualities, not the least of which
was that gentleman's devotion to his
duties in not leaving his Office to attend
/ the banquet. He thought that Colonel
Markham would always be found friend
/ of the bankers.
/ sMayor Hazard responded to Our In
\ vited Guests, by saying he had
forgotten the speech he had intended to
make, but he was all right, as he had
been invited to a special meeting of the
council that morning, and had been re-
quested by that body to protect the vis-
itors from the local bankers, and that
the jurisdiction of the city mad for this
occasion been extended to Redondo. The
mayor then told one of Mr.. Lankershim's
duck stories as an illustration of the
necessity for protecting the visitors from
the vivid imaginations of the Los An
geles bankers. The mayor concluded
with an eloquent tribute to the qualities
and virtues of the visitors, and extended
to them warm welcome.
Colonel Chamberlain, the national
bank examiner, responded to the toast.
National Banks. He stated that Cali
fornia had as rigid survey of state
banks as of national banks. He paid a
high tribute to the influence of the ma
tional bank system, and claimed that
recently the treasurers of those in con-
troll of the national banks had avoided q
terrible financial upheaval.
State Banks and Bankers was re-
sponded to by Mr.. Gerberding, state
bank commissioner, who started off by
saying that his relations were confiden-
tial with state bankers, and he would
not give them away. He had known
state bankers to open jack pot on a
pair of sevens, but he could not take
official cognizance of such acts. He felt
grateful to the bankers for their splendid
entertainment, and felt sure that the
influence of this Bankers assoc iation
might extend from Shasta snowy slopes
to Redondo's sandy shore.
Mr.. Rideout of Marysyille was called
upon to answer to the toast of the North
ern Citrus Belt, but begged to be ex-
cused.
Mr.. Metzger of Riverside, in answer
to the toast the Southern Citrus Belt,
took the compliment as one due to
Riverside county. 1t will take two trains
day from now till the first of June to
carry away the orange crop, in exchange
for which the banks of Southern Cali
fornia will have several millions of dol
lars in their Golfers. The best exponent
of the southern citrus beltis in Hazards
pavilion in Los Angeles.
Mr.. ]. B. Lankershim proposed the
health of President Thomas Brown, who
thanked the assembly and promised his
best efforts in promoting the interests of
the association of which he was the
head.
Colonel Corbin, the newly appointed
chief of staff in the department of
Arizona, responded to the toast, The