The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-05-12
THE BANKERS OF TEXAS.
The Annual Convention in Session
at Bolton.
OFFICERS REPORTS AND DISCUSSION.
Certain Reforms Asked In state
Lnws-kttorney General May De
Asked to Interfere.
'FlCERS REPORTS AND DISCUSSION.

Bolton, Texas, May II. The con
yention was called to order at 1915
O'Clock. The Grand opera house was
crowded prominent citizens aud ladies oc-
cupying seats, TO show by their presence
the heartfelt welcome to their guests. Oc-
cupyng the parquette seats of the opera
house were the young ladies of Baylor
Female college. attired in the customary
uniform of tho school, wearing the student
caps.
| Hon John A. Sanford mayor of the city,
| welcomed the convention in behalf OF the
| city officials, Hon. y. b. Saunders. on
behalf of the citizens. made u neat address
| of welcome. He revived the history of
| the banks in this country, and in doing
so, presented the president OF the associa-
tion with large silver key. which he
said was the key to the calaboosc In which
the city marshal had been placed that
the bankers could have the freedom of
| the city. 1t was received with applause.
Mr.. j. L. Longmoor of Rockdale re-
sponded on behalf of the association.
President Hemming read his annual ad-
dress. which was very able document.
covering all matters coming to him Off
cially during the past year.
The annual report of Charles +. Smith,
secretary. was read.
a. the conclusion of the address and re-
port the convention adjourned until
O'Clock
AFTERNOON SESSION.
rbn as,. i'm,
report from \. =. Waldrldge. chairman OF
the legislative committee, who stated that
the legislature had been mcmoraliAod on
the following points:
\ repeal of the law prohibiting state
banks; law taxing express companies or
dealers in exchange tie creation Of an
efficient system of State depository
hanks.
No action has been taken by the legls-
lature ON this.
The committee states that If the legis-
lature adjourns without granting the re-
lief that the committee will call the at
torney generals attention to the dealing
in exchange by express companies with
out warrant of law
A letter from tho American Bankers as
sociation was read. Action of the Texas
Bankers association was asked on the
following subjects: Uniformity of holiday
laws. abolition of days of grace, taxation
of bonds and stocks
AS 10 the first two subjects there Is a
desire to have uniform laws for general
safety and convenience in handling COM
mercial paper
Regarding the third quotation. the letter
says; We find the bonds and stocks are
about the only form of personal property
taxed to the full value. We believe there
is no reason they should bear more than
their proper portion OF their burden"
was the subject of a very able paper by
NJ. b. Lloyd OF Fort Worth He advised
against cy,rdrafts and suggested that n
customer who desires TO keep his account
in red is not a good customer and the
account should be closed.
Mr., Chamberlin of San Antonio led a
discussion on Undue Competition" He
was followed by Messrs. Brown. Butler
and President Hemmng. The argument
did not discourage competition on legiti-
mate lines, hut opposed bankers taking
advantage of trickery to succeed against
competitors.
President Hemming read telegram from
the Alvin Exchange bank. saying 900 jes-
samnes had been forwarded to the conven-
tion. vote OF thanks was adopted
Mr., Thompson of New York and MIR
Marium of ST. Louis made short addresses
on Undue Competition"
The Duties OF Bank Directors was dis
GUESSED by Mr. Murphy OF Mexii, f. II.
Downs of Temple, MIR Reardon OF Dallas
Mr. Reardon showed that bank director
has duties, but those duties are rarely at
tended to.
The convention then adjourned until to-
morrow morning.
Tonight the visitors We're entertained at
The residence Of Colonel Miller by the
Young Ladies' hooking l,lub,
The address Of President Hemming has
been commented upon faporahly. 1t was of
peculiar interest to all aud embraced a
number OF points that are Of interest 10
all the State,
The following delegates have registered.
Alvin Exchange hank, oscar $. Cummings.
cashier Rellevlllc First National bank. j.
20. Wessendorf cashier. Clifton Farmers
and Merchants bank. J. w Butler. cashier;
Gidalngs First National bank. L. J. Farlss.
cashier, Gaines lille National bank. {. c.
llemminr president, Hampstead Farmers
National bank Ed T.. Johns, cashier r.ado-
MIA First National hank, u. T. Wagconer.
cashier, Mexia First National bank, W. l..
Murphy, cashier; Nayasoia First National
bank, Ewing Norwood. cashier Richmond.
j. ~ !. Davis Co. g. \ BaaSlcy,
cashier: Rockdalc First National bank / Il
Lcngmoor cashier sam Antoni, Alamo
National bank. j. y. Brown cashier; Ed.
win Chamberlain. director: Temple Natior-
al bank w. Goodrich Jones. president: w.
Ter National bank. Guy sanailse. teller
'lH'T ucl"Gates arc expected TO arrive for
the second days session. OF the six Hous-
ton banks belonging 10 The association no
delegates had reached here for the morn.
ing session.
NOTES AND PERSONALS.
C. c. Honming, president OF the associa-
ton, is president Of thu First National
bank Of Gainesville. His address TO tho
association was lengthy and covered every
with.
Secretary Charles + Smith Of McGrepor
Is very popular member of the associa-
tlon.
g. A. acsslcy of Richmond md q 6
CUMMINGS Of Alvin arc here from South
Texas ''"
the commercial hotc, Is headquarters for
the officers OF the association.
Edwin Chamhcrlin OF San Ar,orto a. ,
prominent member
the following ladies' have arrived with
s s,pi,, nnSpanas: Mesdames Charles f.
san Antonio and j. NJ. Drown ~ Son A.