The times. [volume] (Richmond, Va.) 1890-1903, 1897-08-18
JAMES IL. BRAN1h'
Secretary
TREAsURER's REPORT.


William H. Potter. treasurer OF the
association. reported receipts S1,ssl' Tor
the wear and disbursements Aivv IOf
the same period.
Joseph G Hendrix OF New York, SUBJ
niited the report OF the Protective COM
mittee. which Is composed Of three bank-
ers whose name are kept secret. ana VINO
act under the direction OF the Executive
Council in taking steps for the arrest ana
prosecution OF parties charged win
crimes against members OF the assocla-
ton
During the past year. not member OF
,be association had lost a dollar through
burglary and every professional operator
to whom the attention of the Protective
Committee has been called has either
been convicted. is now awaiting trial, or
has been rclased on turning states eV-
dencc.
no SWINDIdNG
Mr.. Hendrix called attention 70 the iact
that there has been no notable sWindle OF
forgery during the year
Avian Trowbridge. Of New York chair
man az the Executive Council. said the
only important business OF last mght 8
session was the consideration Of the two
amendments A sub-comruttee on the
amendments had been appointed and j.
d. Hendrix. its chairman had reported
favorable on the amendments. one OF
them increased the state membership on
the Executive Committe from three TO
five. and the other puts the nomination
Of officers largely i'm the hands OF the
members OF the convention instead OF
leaving % 10 the council Both amend
ments were unanimously adopted.
COMMITTEE on LAWd
The report Of the Committee on Uni
form Laws was read hy Frank W. Tracey.
OF Springfield. Ills. The report begins as
follows. your Committee on Uniform
Laws was directed by rs Executive
Council al its meeting in April last TO pre-
pare with such legal assistance as might
bee desired a uniform law for CONNER
cial paper. Fortunately for the commit
tee. tins was published IN the American
Bankers Magazine FOR May, "Negotia-
BILE Instrument Law which seemed 10
be better law than any which we could
possibly frame Hon. Lyman ID. Brew
ster. OF Danbury. Conn, president Of the
conference Of commissioners Of uniform
State laws freely and heartily gave the
committee authority 20 adopt IL for re-
commendation to your association
MULTUM IN PARVO.
In speaking of the merits Of the now
law. the report says: "A more useful
and thoroughly prepared statute on COM
merCial law would De diflcult 10 ma. All
the fundamental principles and esential
definitions OF the law on commercial
paper, the law m short of some ten thou
sand reputed cases is I'm substance, con-
densed into % pages. The disputed points
and vararent laws whose discussion oc-
cupies so large "a space Of two or three
volumes treatises are decidedly harmonic
cd
This law has already been adopted I'm
the States OF New Jersey. Connecticut
and Colorado. IL has become a law I'm the
State OF New York 10 take effect october
l. 1891 Shall we not hope that the Bank
ers' Association, added 20 those Of the
American Bar Association. Will result IN
placing the law on the statute books OF
AN the remaining States within reason
able period Of time
The report closes by the recommenda-
tiOn Of an appointment of a committee
looking 20 it's passage by the state Leg
BUREAU OK EDUCATION.
islatures. The remaining part OF the re-
port recommended the formation Of
bureau on education.
Letters favorlng the idea Of such bu-
reau Of education were read from Comp
trOller Eckles and others.
The committee will be ready In a short
time with the first pamphlet 10 be issued
and the matter Of bureau or speakers
can De then taken up and tried in small
way at first and II successful II viii grad
ually he developed.
After the announcement Of meetings OF
State delegations for the appointment Of
committees and other routine business
the convention adjourned until 10 o'clock
tomorrow morning.