The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-06-25
LAWS FOR BANKERS.
Subjects for Legislation Dis
cussed by Association.
THE PROTESTING OF NOTES.
Reception, Ball and supper In Evening
Excursion to Everett Planned
to Close With.

The Washington Bankers Association con-
tinued its session yesterday at Rankes hall. with
an attendance somewhat larger than on Thurs
day. The morning was spent in discussion OF
needed legislation IL was informally agreed
that the executive council should direct legis-
Iativ e committee TO present petitions for laws
on the following subjects
First-The community property law. The
law relating to community property Is such that
note signed by the husband does not hold com
munity property to satisfy the note. Many
bankers think that this il an injustice which
should be rcmedied, as wealthy men frequently
have nothing except community property.
misunderstanding note. Domestic bills of
exchange and promissory notes are not pro-
tested in this state. There is a statute provid-
ing that foreign bills OF exchange may be pro-
tested, but there is no similar provision Tor
domestic bills aud promissory notes.
Third-Days of grace. The custom OF grant
ing days of grace Is almost obsolete, ana n
majority of the bankers present were IN favor
Of repeating the statute allowing days OF grace.
They say that the provision induces careless
ness and interferes with the regularity OF busl-
ness.
In the afternoon the committee on resolu
tions reported, and the ASSOCIATION formally
passed resolutions urging legislative action in
the matters mentioned: also that law be
passed regulating the maturity OF notes on the
days following holidays. The resolutions FUR
ther recited that the bankers were willing to
pay their full share of taxes, but that at present
In assessing taxes DdHkiUS thptlal WIS
mated against
Resolutions presented by ii. W. Wheeler aud
looking toward the formation of a new national
banking association were also adopted. The
plan IL to have each state association repre-
scented by national delegate, and an additional
delegate for every hundred members in the as
ISOLATION H. W. Wheeler. OF Seattle: III. L.
Cutter, of Spokane, NJ. Fitch and Samuel Coll
yer OF Tacoma, aud +. o. Graves,
OF Seattle, were appointed a committee To at
tend the session of the American Bankers
Association at San Francisco III September, and
advocate the scheme.
In the early part of the afternoon the members
of the association attended the dedicatory ex-
ercises at the Masonic temple: aud III the even
ing the visitors were entertained by ball and
supper at Ranke's hall.
The hall was beautifully decorated for the
occasion with delicate-tinted draperies, palms
and flowers The earlier part OF the evening
was gwen up to II reception. followed later by
dancing and refreshments. The ladies receiving
were Mrs James K. Hayden. Mrs. 4, o, Graves,
Mrs. n. H. Latimer, Mrs. X. c. Washburn. Mrs.
i. 5. J. Hunt, Mrs. Erastus Brainerd and Mrs.
{. T. Tyler.
This morning the bankers will close their ses-
sion and elect officers. In the afternoon, as
guests of the Seattle National Bank of Com
merce, they Will take an excursion to Everett on
the new steamer Monticello.