Los Angeles herald., 1891-09-28

It must be very gratifying to the gem
tlemen who started the movement,
which resulted in the organization of
State Bankers association, to observe
the rapidity with which it has grown.
If there is class of business men who
are conservative it is that Of the bank
ers, and many influences must have
been at work to facilitate their efforts
towards combination. The association
has not been organized a year yet, and
already has membership of 146 out of
about 246 in the state.
The time is drawing near for the first
annual meeting, to be held in San Fran
cisco, and great preparations are being
made by the bankers there to receive
the members of the association and
treat them right royalty.
It is interesting at this time to give a
slight review of this association, which
is destined to become an instrument of
power in the financial questions of the
state. To Los Angeles must be given the
honor of making the first efforts in the
direction of the organization of the bank
ers into state society. Under the fos-
tering care of the Los Angeles clearing
house, the idea took root and grew until
notices were sent out to the bankers all
over California by George II. Stewart,
the accomplished secretary OF the clear
ing house, asking for an expression OF
opinion as to the formation OF
society, and participation in the
work of creating it. The replies
were so favorable that a time
for meeting was fixed, and
in April lasta representative assemblage
of bankers convened in Los Angeles and
the steps were taken which launched
the society upon its way. The visiting
bankers were made much of while they
were here, and the elegant banquet ten
dered them at Redondo is still remem-
bered. The new association had very
pleasant introduction, and since that
time has been growing steadily.
At the present time nearly every
banker of any consequence in the state
has united with the association. OF the
San Francisco bankers there are prac-
tically none who are not members. In
Los Angeles county, out of twenty-nine
bankers, twenty-four are members.
Those bankers who are not members
are mainly in small towns, where they
have not yet found the time or inclina-
tion to join.
Thus in less than year the associa-
tion has made gigantic strides as far as
membership goes, and the coming meet
ing promises to be most interesting
one. Mr.. Stewart has been hard at work
for some time making necessary arrange
ments, and is now very anxious to take
large delegation from Southern Cali
fornia to enjoy the hospitalities being
prepared by the San Franciscans, as well
as participate in a lively meeting.
The papers to be read before the So
ciety at the October meeting have nearly
all been arranged for, and from some
intimations by Mr. Stewart will embrace
quite a wide range of live topics; and he
says that the brevity consistent with
fair presentation of subject has been
insisted upon. Many of the best
known financiers in the state
will have papers, and the meeting will
really be an important one.
It is designed to have special train
take the delegates from Los Angeles,
and arrangements are now being made
to that effect. The train leaving Los
Angeles would be also the rendezvous of
bankers from Orange, San Diego, San
Bernardino and Los Angeles county,
while the delegates from Ventura and
other counties would meet at the proper
stations en- route. 1t certainly will be
a matter in which the ambition of
every banker in Southern California
should be to send rousing big delega-
tion to San Francisco. The section of the
state in which the association first took
birth Shouts not allow the grass to grow
under its feet in carrying on the work.
1t is very gratifying to be able to state
that Secretary Stewart has already re-
ceived assurances from all over Southern
California, which shows that its bankers
are fully alive to the situation, and that
there will be nearly 100 from this Sec
ton.
The arrangements for the reception
and entertainment of the delegates at
San Francisco have not yet been per-
fected, but enough is known to make the
assertion proper that it will be done in
fine style. So far the arrangements con-
template trip to the Stanford univer-
sity, ride about the bay and banquet
The delegates will leave Los Angeles Oc-
tober 10Th. The meeting will, from all
the indications, prove to be delightful
as we'll as busy one.