The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-18

tnink. This belief is warranted by the
TACT that under the blessing of God
apunlant crops are assured; our az
t1cuiturel products are demand by
Jess favored peoples, and when The sur
pfEs grain Of the west and cotton Of
the south shah begin ia move to the
coast on their way 10 supply the wants
OF other nations, ne shall see the great
cloud Of depression begin to lift and
let in the glorious sunshine of pros
perlty, Which VIII warn into new life
the enterprises of our great country.
The annual report of the secretary.
James r. Branch of New York City,
followed.
William H. Porter. treasurer of the
association, reported receipts for the
year 1881. and disbursements, $l4, $50
PROTECTION COMMITTEE.
Joseph C. Handrie of New York sub
mitted the report Of the protection
committee, which is composed Of three
bankers, whose names are kept secret,
and who act under the direction of the
executive council in taking steps for
the arrest and prosecution of parties
charged with crimes against the MEM
beTs Of the association During the
past year not a member OF the assocla-
ton has lost a dollar through burg
larry, and every professional operator
10 whom the attention of the protective
committee has been called has either
been convicted, is now awaiting trial,
or has been released on turning states
evidence. Mr.. Handrie called attention
TO the fact that there has been no
notable swindle or forgery during the
year.
Alvah Trowbridge of New York,
chairman of the executive council, said
the only important business of last
nights session was the consideration OF
two amendments, 10 the constitution. A
subcommittee on the amendments that
had been appointed and J. 9. Handrle,
its chairman, reported faNorably on the
proposed amendments. One of them
increases the representation of the
state associations of the executive
council from three to FIVE and the other
puts She nomination of officers more
largely in the hands of members of
the convention, instead of leaving them
TO the council Poth amendments were
unanimously adopted
UNIFORM LAWS.
The report of the committee on uni
form laws was read by Frank W. Ira
cy of Springfield, Ills. The report be-
gins as follows;
Your committee on uniform laws
Yves directed by the executive council
at it's meeting in April last. TO prepare
With such legal assistance as might be
desired, uniform law for commercial
lSaper, Fortunately for the committee,
there was published in the American
Bankers Magazine for May q nego-
table instrument law which seemed to
be "a bette. law for the purpose than any
which we could possibly frame. Hon.
Lyman D. Brewster Of DanDury, Conn.,,
president of the conference of the COM
1nissioners of uniform state laws. freely
and heartily gave the committee au-
rhoT1ty TO adopt it for recommendation
to Vollr association"
In speaking OF the merits of the new
law, the report says a more carefully
Or thoroughly prepared statute on COM
7ercfal law would be difficult to find.
al the fundamental principles and es-
reTtial definitions of the law of COM
saeTeial Daoer. the law in short of
some 10, 900 reported cases, is. in sub
stance, commended in the Sc cages.
This law has already been adopted in
New Jersey, Connecticut and Colorado
1t has become a law in New York. to
take effect Oct, I, 1891 Shall we not
hope" asks the committee. that eff
forts of the American Bankers asso-
citation. added to those of the American
Bar association, viii result in placing
this law ON the statute books of all the
remaining states within q reasonable
period of time? %
The report concludes by recommend
ing the appointment of a committee to
correspond with several state as50cia-
tions ard look generally after the pas
sage or the law by state legislatures.
BUREAU OF EDUCATION.
The remaining report ON the pro-
gfamme was that Of the committee on
the formation OF a bureau of eduGa-
ton. submitted by Chairman William
CornWell. He said if the bankers of the
United States would esta blish a bureau
end employ speakers to present the
claims of the banks properly before
the public men who cO1ld in plain
speech show the farmer and others
that il the banks charge high for ae-
cornnaodation, it is the fault of leg
islatien and not of the banks them
selves. Much of the present hostility
which exists against banks would Be
removed.
Letters favoring the idea Of such a
bureau Of education were read from
Comptroller Eckels and others.
The COMMITTEES viii be ready in a
short time with the first pamphlet 10
be issued, and the matter of bureau
of sneakers can then be taken Up and
tried, IN q small way at first. and if
successful will be gradually developed.
After the announcement OF meetings
of state delegations for the appoint
rnent of committees and other routine
business, the convention adjourned IN