The herald., 1897-04-20
Ifth Annual Session Of the
State Association
SEVERAL PAPERS WERE READ
JoHN p. IRISH TALKS ON CUR
RENCY REFORM
Reports Of Officers and Address by
President Rideout = Members
Who Are in Attendance


California Bankers association met II
the Concordia club rooms at 10 am. yes
terday, the executive committee
having met at a. m. The Follow
ing officers were present: N. D. Ride
out. president Rideout banks; FRANK
Miller, vice-president National bank OF
u. o. Mills & Co.; G. w. Cline. treasurer
OF the Crocker Woolworth National
bank; r. M. Wish, secretary OF the san
Francisco Savings bank.
The executive committee was as ioi-
lows: James A. Thompson, chairman
Donohoe- Kelley Banking company; w.
p. Harrington, Colusa County bank; II.
II. Hewlett, First National bank OF
Stockton; ]. M Elliott, First National
hank of Los Angeles; Stoddard Jess,
First National bank of Pomona; c. Ait
schuI. London, Paris and American panK,
limited: p. E. Bowles, First National
bank of Oakland; John Reichman. Farm
ers' bank of Fresno; ]. e. Ward, FIRST
National bank of Modesto.
The convention was we'll attended and
the picture presented when the meet
ing was called to order was OF a pooy
of solid. substantial men, strong ana IN
tellectual in appearance.
THE DELEGATES
The delegates were as follows: An
tonic Friant, Union Savings pank OF san
Jose; c. r. Boyd, Farmers Cooperative
Union bank, San Francisco; BENJAMIN
C.. Wright, San Francisco Bulletin, imam
c;al editor; ]. B. Fuller, bank commls-
sioner, San Francisco; E. P. Foster, Bank
of Ventura; A. Tom, Farmers ana
Merchants bank, HOLSTER; FRANK A
Gibson, First National bank OF Los An
seles; r. B. Garfield, First National
bank, Santa Barbara; George f. Bone
brake. Los Angeles National bank; Geo.
A. Story, National Savings bank; q. Nj.
Kline. Crocker- Woolworth National
bank. San Francisco; L. W. Burris,
Santa Rosa; Luther Rodgers, Monterey;
VIM. Beckman, Popular Savings bank'
Sacramento; S. S. Hawkins. HOLSTER;
r. p. Lathrop, Hollister; John II. Dole'
Peoples bank of Pomona; L. p Behrens,
Bank of San aMteo: l.. 0. E1nstein'
Bank of Central California. Fresno; ]. F.
Moulton. Bank of California, San Fran
cisco: p. e. Catch, Long Beach; j. E.
Bunker, Alameda; Alex Goldstein,
Farmers bank. Fresno; H. H. Hewlett,
First National bank, Stockton; also Sc
curity Savings bank, San Francisco'
Stockton Savings and Loan association,
Stockton; James A. Thompson, Donohoe-
Kelley Banking company; Chas. AIT
schul London, Paris and American bank,
limited, San Francisco; j. X. Moffit, FIRST
National bank, San Francisco; Her
mann w. Hellman, Farmers and Mer-
chants bank Los Angeles; A. w. Ma
gee. bank commissioner San Francisco;
Curtis Wells, Union bank. Antioch; j.
M. Elliott, First National bank, Los An
eeles: F. c. Howes, Los Angeles Nation
al bank. Los Angeles; L. F. Young, San
IA Cruz: w. D. Woolwine, Southern Cal
ifornia Savings bank, Los Angeles; j.
Steinhart. the Anglo bank,
and German Savings bank San Francis
co: C. l.. Walter, First National bank,
Fresno; o. ]. Woodward, First National
bank of California, Los Angeles; w. j.
washburn. East Side bank, Los Angeles;
Stoddard Jess, Pomona; r. e. Edwards,
National Bank of Commerce. st. Louis;
w. s. Hodges, San Pedro National bank;
w. B. Wightman, national panK exam
ipners, San Bernadino.
The meeting was called to order by
President Rideout at 10 a. m. Gen. Chas.
Forman, president of the Los Angeles
chamber of commerce. made the ADDRESS
of welcome.
GEN. FORMAN'S ADDRESS
Gen. Forman expressed qualification
that the convention had been held dur
ing the annual carnival in Los Angeles.
and thought the marvellous progress Of
the city would be demonstrated to the
guests, since Los Angeles had been Sc
lected as the birthplace of the organiza-
ton in March, 1891
He also expressed the hope that the
association, together with like associa-
tions in other states, might suggest such
legislation as will eliminate any weak
elements from our financial system and
proyide a sound and stable system of
currency and banking, to the end that
the fear of return to the old issue by
state banks or any other form of debased
currency may no longer disturb the re-
Iations of business in the country"
With the assurance of most hearty.
welcome. the general closed his address.
James A. Thompson. in response. said.
while the arrangements contemplated
the presence of ]. D. Phelan at the con-
vention to make reply to this address,
he. as a substitute, would respond to the
cordial welcome, with earnest thanks.
and expressions of appreciation from all
the delegates for the opportunity of So
fourning In this beautiful city.
This was followed by the presidents
address.
PRESIDENT RIDEOUT'S ADDRESS
President NJ D. Rideout of the Rideout
banks, opened his address touching the
perturbed. financial condition of the
country. He congratulated the conven-
ton that there had been no bank sus-
pensions in the state, and further that
the executive committee haS gathered
courage to declare the sentiments of the
association in respect to free coinage or
silver and in regard to currency.
Mr. Rideout believed the action of the
Bankers association, through its exec
utive committee, contributed materially
to the results of the elections in tNs
state. and while he thought the results
eubjects for congratulation, he believed
the bankers should still work fer an i'm
provement IN the currency system. The
speaker touched high taxation, state,
county and municipal, which, he said,
discouraged the investment of capital
and prevented desirable immigrants
from making homes in the state. The