The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1897-08-18

coast on their way to supply the wants
OF other nations. we shall see tn great
cloud of depression begin Ia lift and let
In the glorious sunshine Of prosperity,
which will warm into new life the en-
terprise of our great country
William II, Porter. treasurer Of the
association. reported receipts for the
year 1881, and disbursements $li,5s9.
Joseph c. Handry of New York sub
mitted the report OF the protective
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 members
OF the association. During the past
year NOT a member of the association
has lost a dollar through burglary ana
every professional operator To whom
attention of the protective committee
has been called has either been con-
victed. is now awaiting trial, or has
been released on turning states eti-
dence.
Alvah Trowbridge of New York.
chairman of the executive council. said
the only important business OF la st
nights session was the consideration
Of two amendments To the constitu-
llbtls ~ hn lnt dIntnu-
ments had been appointed and j. &.
Handry, it's chairman, reported favor
ably on the proposed amendments.
One of them increases the representa-
tion of the state associations OF the
executive council from three to five,
and the other puts the nomination of
officers more largely in the hanis OF
members of the convention instead II
leaving them to the council n1lh
amendments were unanimously ADOPT
ed.
The report of the committee on uni
form laws was read by Frank ".
Tracy of Springfield, Ill. The report
begins as follows:
Your committee on uniform laws
was directed by the executive council
at its meeting In April last Ia prepare
with such legal assistance as might
be desired. uniform law for com
m@rcial paper. Fortunately for the
committee there was published i'm the
American Bankers Magazine for May
a negotiable instrument law which
seemed to be better law for the pur-
pose than any which we could pos-
siby frame. Hon. Lyman ID. Brew
ster of Danbury. Conn, president OF
the conference of the commissioners
of uniform state laws. freely and
heartily gave the committee author
ity to adopt 1t for recommendation TO
your association
In speaking Of the merits Of the nev
law, the report SAYS "A more careful
or thoroughly prepared statute on COM
mercial law would be difficult to find
All the fundamental principles and es-
sential definitions of the law Of COM
mercial paper, the law in short Of some
iss In hat n 1ss,t
contained in the IS pages
This law has already been adopte I
in New Jersey Connecticut and Colo
RADIO. IL has become law In New
York. to take effect Oct. |, 1881.
shall we not hope" asks the commit =
tee. that efforts of the American
Bankers association. added tn those of
the American Bar association. Will re-
suit I'm placing this law on the statute
books of all the remaining states with
In reasonable reriod Of tme?'
The report concludes by recommend
ing the appointment of committee To
correspond with several state associa :
tlons and looking after the passage OF
the law by state legislatures.
The remaining report on the pro-
gramme was that Of the committee on
the formation OF bureau of educa-
tion. submitted by Chairman William
Cornwall. He said II the bankers of
the United States would establish a
bureau and employ speakers to present
the claims of the banks property be-
fore the public men who could, in
plain speech. show the farmer and
others that II the banks charge high
for accommodation. II is the fault OF
the legislation and not of the banks
themselves. much of the present hos
tility which exists against the banks
would be removed. Letters favoring
the idea of such bureau of cduca-
ton were read from Comptroller Eek
els and others.
After the announcement of meetings
of state delegations for the appointment
Of committees and other rou Inc busi-
ness, the convention adjourned until 10
o'clock tomorrow morning.