The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-06-24
STATE BANKERS ASSOCIATIONS.
Fourth Annual Session Opens in Seattle
to of Officers.

Reports of Officers.
The Washington Bankers Association
began its fourth annual meeting in
Ranke's hall yesterday. The attendance
was comparatively small, but many more
are expected in the city today. The Of
tcers present We're: President Levy
Ankeny, of Walla Walla; Treasurer A. A.
Philips, of Olympia; Secretary ID. c.
Guernsey, of Dayton; and Executive
counciImen. A. w. Eng!e, of North Yak
ina, and H. w. Smith, of Hoquiam.
Other members present Were: Major
James r. HAYDEN, E. O. Graves, George
H. Hebron, ~ H. Latimer, James Both
well, II. W. Wheelen, Judge J. r. Lewis,
Major w. Y. Rinehart, Lee J. Pitner, L..
K. Spencer, ] Ohm II. McGraw. E. A. An
drews and Abram Barker, of Tacoma; o..
b. Hayden and Samuel Collver, of Ia
COMA III. W. Thelsen, of Etlensburgh :;
George Donald. of North Yakima, and
Horace L. Cutter, F. L. Goodall and +. D..
Chamberlain, of Spokane.
The session was called at 2 o'clock in
the afternoon by President Ankeny, and
Mayor J. T. Ronald made a brief and
felicitous address, welcoming the visitors
to the city. Samuel Collyer, cashier of the
made an appropriate response.
The meeting then proceeded to its regu-
lar business. and received first the report
of its president. He urged the association
to use every effort to have the legislature
pass law abolishing the days of grace.
The custom of allowing days of grace Mr..
Ankeny characterized rs being a relic of
barbarism. He also thought it would be
10 . la 81
banks or trust companies as custodians of
funds OF courts, of estates which were
being settled or of minors Such
custom, said the president, pre-
vailed i'll a number of Eastern states
and was found TO work well. An indi-
vidual before his death often names
trustees of his estate. and in the same way
certain financial institutions or companies
of standing could be made trustees for the
state. The president further called atten-
ton to the fact that the fee for examining
national bank had been reduced to $50
for bank with capital of not over $780,
600. The change had been brought about
through the efforts of the congressman
and senators from this state, assisted by
those of Oregon and Montana, which were
in the same district. Thanks for assist
ance in the movement were due especially
to Mr.. Pentecost and Mr.. Failing, of the
First National bank. of Portland, and Mr.
Hauser, of the First National bank, of
Helena. In closing his report President
Ankeny recommended that committee
of three on legislation be appointed.
judge ]. +. Lewis made a report on the
condition of the litigation over the pay
ment of taxes by the banks. He declared
that credits were not taxable; that no
attempt was made to tax the credits he'd
by individuals and, according to the state
constitution, individuals and corporations
should be treated impartially in levying
taxes.
Secretary d. C. Guernsey reported the
present membership of the association as
ninety-seven, and said efforts would be
made to induce every banker in the state
to join. His report urged action on the
question of days OF grace.
The session closed with the appointment
of the following committees, which will
report today:
Resolutions-George H. Hcilbron, Judge J. r.
Lewis, +. Z. Goodall, H. W. Wheeler and Samuel
Collyer.
Nominations for officers-H. l. Cutter, d. C.
Guernsey, A. W. Engle, II. W. Thieisen, A A.
Phillips.
Last evening the members of the asso-
citation and their friends attended Cor
dray's theater.
The programme for today includes read
ing of papers, general discussion of bank
ing topics and the election of officers. A
reception, followed by dancing and sup
per, will be given the visiting bankers and
their wives and friends at Ranke's hall at
O'Clock p. m.
Tomorrow a complimentary excursion
to Everett on the new steamer Monticello
is given by the National Bank of Com
merce of Seattle The steamer will leave
the Hatheld-Coiman wharf at l2:30 p. m.
sharp, returning TO Seattle At $50 p. III.
w..s n~ar tis Cri,,yos