The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-08-18
NOT A DOLLAR
Has Been Lost by Burglary
During the Past Year
By Any Member of the Ameri-
can Bankers Association.
NO NOTABLE SWINDLE
Or Forgery Has Occurred Dur
ing the Same Period.
Uniform Law For Commercial
Paper Is Recommended.

Detroit Mich, Aug. 1S.-The banking
interests of the country were well rep
resented when about 500 delegates to
the American association assembled in
the Detroit Opera House to attend the
opening session of the Twenty-thlrd
annual session of that body. The well
come speech of Governor Pingree, while
considered somewhat radical by some
of the members was on the whole well
received and he received generous
amount of applause at its conclusion.
George H. Russell as spokesman OF
the Detroit clearing house administered
a mild rebuke to the governor by say
ing that he had only been in the bank
ing business eight or nine years, and
would not therefore, attempt to deliver
a homily on the silver question or the
evils of corporations. The applause
which greeted this sally showed that a
hit at Michigan'S anti-corporat1on gov
ernor was understood and appreciated
At the conclusion of the address the
state delegates met and appointed their
members of the nominating committee
There is scarcely a doubt that Joseph
c. Hendricks, president of the Union
National bank of New York city, first
vice president of the association will be
chosen president
The prospects are that there will be
lively contest for the vice presidency
when the election of officers is reached
Frank w. Tracy of Springfield, Ill,
wants the position. He was cand1-
date last year, but was defeated by Mr..
Hendricks, and his friends think he
ought to get the position this year.
Alva H. TrOwbridge, chairman of the
executive committee is also a candt-
date for the vice presidency, and last,
but by no means least the Detroit
bankers are determined, if possible, to
elect George H. Russell of this city to
the position.
William H. Porter, treasurer of the
association, reported receipts for the
year ST, 591, and disbursements $14, $50.
Joseph c. Handried of New York, sub
mitted the report of the protective COM
mittee 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 cherg-
ed with crimes against members of the
association.
During the past year not a member
of the association has lost a dollar
through burglary and every profession
al operator to whom the attention of
the protective committee has been call
ed has either been convicted, is now
awaiting trial, or has been released on
turning states evidence. Mr.. Handried
called attention to the fact that there
has been no notable swindle, or for
gerry during the year.
A subcommittee on the amendments
had been appointed and J. c. Handried,
its chairman reported favorably on the
proposed amendments One of them
increases the representation of the
state associations of the executive
council from three to five and the 9TH
er puts the nomination of officers more
largely in the hands of members of the
convention, instead of leaving to the
council.
Both amendments were unanimously
adopted.
The report of the committee on uni
form laws was read by Frank w Ira
cy of Springfield. Ill. The report be-
gins as follows:
Your committee on uniform laws
was directed by the executive council
at its meeting in April last to prepare
with such legal assistance as might be
desired uniform law for commercial
paper.
Fortunately for the committee there
was published in the American Bank
er's magazine for May a negotiable in
Strument law which seemed to be a
better law for the purpose than any
which we could possibly frame.
Lyman D. Brewster of Danbury
Conn, president of the conference of
commissioners of uniform state laws,
freely and heartily gave the committee
authority to adopt it for recommended
ton to your association