San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1894-10-10
THE MONEY MEN
HOLDING THEIR NATIONAL CON-
VENTION.
Has wsathered All Storms and To
day is Stronger Than Ever.

BALTIMORE, Oct. l0.-The Balti-
more bankers have made elaborate
preparations for the meeting of the
National Bankers convention in
this city, and for the entertain
ment of the officers, delegates and
their wives, daughters and other
ladies who are expected to attend
today and tomorrow. The two
principal events on the program
provided by the committee on en-
tertainment to be extended to the
visiting delegates will be recep-
ton tomorrow evening at Mccoy
hall of the Johns Hopkins Univer-
sity, and an excursion on the
steamer Columbia down the river
and bay to Annapolis, passing
Fort McHenry and North Point,
and visiting the oyster dredging
grounds, which will be of peculiar
interest to the Western visitors.
The convention will be held in
Ford's Opera house, and will be in
session two days.
This is the 18th annual conven-
ton of the American Bankers as
ISOLATION, which is the largest Or
ganized body of financial men in
the United States and includes
among its members bankers in
every state in the union.
The preliminary steps for the
organization of the bankers in this
country for mutual protection
were taken at a convention called
for the purpose at Saratoga in 1875.
A committee of nine was charged
with forming a plan for permanent
organization. 1t was composed OF
Messrs. J. T. Smith, of Baltimore;
James Buell., New York; George F.
Baker, New York; j. d. Hayes, De-
troit; G. f. Upton, Rochester, n.
Y; Morton McMichael, jr, Phil
adelphia; Edward Tyler, Boston;
l.. J. Gage, Chicago, and j. l..
Stephens, Bonneville, Mo.
The committee wrestied for near
ly year with the plan, and when
thew submitted it to the meeting
of bankers held at Philadelphia in
October, 1876, they had the gratifi-
cation of seeing it adopted almost
exactly as they had drawn it.
Officers were elected, and the
American Bankers association was
formally launched upon the sea Of
finance. 1t has weathered all
storms, and is today stro niger
and more prosperous than ever.
The first object of the association
as set forth in it's declaration of
principles, is to promote the gener-
al welfare and usefulness of banks
and banking institutions and to
secure uniformity OF action, TO-
gether with the practical benefits
to be derived from personal &C.
0usintance and from the discussion
of subjects of Importance to the
banking and commercial interests
of the country; and especially in
order to secure the proper consider
alton of questions regarding the
financial and commercial usages,
cOstums and laws which affect the
banking interests of the entire
country and for protection against
loss by crime.
The annual dues of all banks
and trust companies having less
than 100000 capital, and of all
private bankers, regardless of the
amount of capital, are So, and Of all
hanks and trust companies having
a capital of 100000 and upward,
$40.
The dues are due at the begin
ming of the year, which year COM
mences with the regular annual
meeting, it being understood that
absent members from such annual
meeting will not forfeit their
membership nor the right to be-
come members provided they COM
DIV with the constitution and by
laws, and remit the amount OF the
dues to the treasurer within three
months after such annual meet
ing.
Membership in the association is
open to national and state banks,
trust companies, savings banks
and private bankers, each institu-
ton being privileged to send one
delegate, and no one could be a
delegate except an officer or direc-
tor or trustee of banking institu-
tuition, or a member of banking
firm or an individual doing bust
ness as bank.
The subjects to be considered at
the coming meeting are many,
though as yet the program has not
been arranged. During their stay