The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-08-24
TIE SEATTLE PosTTELLGENcER WEDNESDAY. AUGUST
AMERICAN BANKERS MEET.
PREDICTIONS OF An ERA OF PROS
PERITY MADE ny PRESIDENT.
Delegates FROM All Over the United
states Present at the Session
Financial sysfem Of New Access

DENVER. Aug. 22-The swerst fourth
annual meeting Of the American Bankers
Association convened al 10 o'clock a. the
Broadway tneaser Most Of the 40 dele
gates expected were present when Presi-
dent joseph c. Hendrix. rappe. for order.
After roll CALI Gov. Adams. Of Colorado,
predicted an era OF prosperity TO fellow
ths season q uncertainty. produced by the
war aith Stain and a grea, widening of
operations and Influence Of American anan-
cisrs. Joseph A. Thatcher. president OF
the Denver clearing house, delivered an
address OF welcome or s.haif CT Denver
bankers. President Hendrix responded 10
the words Of welcome. following those re-
marks with his annual address 10 the as
soc.ation. Secretary James Il. Branch
then read his annual report
Walker Hill, OF 81. Louis. treasurer OF
the association read his annual report. II
showed receipts and balances from last
ysar $40, 9a. disbursements So. SIS: bal
anee So. 2ss The report OF The auditing
committee vas read after which The re-
port OF the protective committee was pre-
sentea The report Of the executive council
was read by Chairman AIvah Trow5ridgs
OF New York. After recisIng the work Of
the committee, Trowhridge read letter
from the railroad freight agents association.
suggesting better methods In the matter OF
drafts accompanying bills Of lsdIRg and
asking fer the joint committee 10 take ac-
ton. The association agreed 10 the request.
Upon the recommendation Of the ccunciI
the association adopted resolution asking
tina, a government commission he created
10 study the financial system of Cuba.
Porto Rico and the Philippine islands. and
suggest amendments thereof Ii any are
deemed necessary. Committees were auth
orized 10 inquire into rates and forms Of
surety bonds and to suggest a standard
form for warehouse receipts and bill OF
iading.
Frank ". Tracey, chairman Of the COM
Tni.tee on uniform laws submitted a re-
port OF the COMMITTEES. Mr.. Tracey's re-
port was in part follows:
THE negotiable instrument law. which
Wa are enaeavoring 10 have passed, is very
Fortunate IN having been tried for sixteen
years in Great Britain and all It's colonies.
1t has been Endorsed by experts in law In
thirty of the states of the union. Indeed,
IL has been subjected 10 all the criticism
which all the best minds Of the LEGAL pro-
fession could bring TO bear and yet
Il has &C -7c ont unsca.hed. In spite Of this
We find in every legislature some wise man
who wishes Ia offer some amendment. Some
such opposition has been expressed 10 the
law. because II abolishes days of grace ana
fest Itself more strongly In the New En-
gland states than anywhere else. That
long arguments should be made against the
alsoiish,Dg @: such q relic OF stage coach
days in a country covered with railroads
Is a marvel. indeed. We are plea sed 10 SLY.
however. that this opposition did not cogrIs
from either the bankers or the lawyers.
The task Of attempting TO pass this law
in all the states il one OF hercuean pro-
portions. hut from the experience of the
past winter your committee believes it can
be brought to a successful issue. We
worked In five states only. The law was
passed In three and good progress will lie
made in the other two. There was no
failure in any state. TIE law Is now in
force In Connecticut. Maryland New York.
Colorado Massachusetts, and Virginia
At the close of Tracey's report report
OF the committee on the bureau of educa-
ton was presented by William G. Corn
well
After the adjournment of the session.
delegates from each state and territory held
meetings for the purpose of choosing mem
beys Of the nominating committee.
The delegations from twen,y-three states
representing their respective state associa-
tions met tonigh, and nominated five can
a.aa.es for the executive council OF the
American Bankers Association. These
candidates are to be voted on by the con-
vantion proper Eleven names were pre-
scented TO the meeting and the Ave receiv-
tag the highes. number OF votes were de-
clared the nominees The following are
tho nominees: Charles r. Hannah. Coun-
ell Bluffs. Ia: H. W Mccoy. Peoria. III:
s r. Shoemaker. Huntington. Pa; Robert
Mcs,urdy. Youngstown. o.; A. p. Wool
ridge. Austin. Tex.