The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-08-24
BANKERS MEET AT DENVER.
rUENTY-FoURTH ANIMAL SESSION
OF THE AMERICAN ASSOCIATION.


About 500 Delegates in Attendance.
Gov. AIva Adams Delivers the Adj
dress of welcome, and Advocates
a Postal Savings Systen-Repcrt or
secretary Branch, and of Treas
urer HiII-NegOtiabIe Instrument
law Reported by Frank W. Ira
GOV. Chairman of Uniform Laws
Committee-Opposit to the Law
because 1t AbOIishes Days OF
Grace.
Denver. Col, Aug 23.-The Twenty
fourth annual meeting of the American
Bankers Association convened at 10
o'clock to-day at the Broadway theater,
Most of the 800 delegates expected were
in their seats when President Joseph c.
Hendrix raped for order.
After roll call Gov. Alva Adams of Colo
RADIO. welcomed the association to the
state.
GOV. Adams, himself a bank president,
made rather lengthy address in which
he good naturally criticised many of the
methods of modern banking. He advo-
Gated postal savings banking system and
= government guarantee for all deposits
IN national banks.
Mr.. Joseph A. Thatcher, president of
the Denver Clearing House. delivered an
address. of welcome on behalf of Denver
bankers
President Hendrix spoke in response to
the words of welcome, following those re-
marks with his annual address to the as
ISOLATION.
Secretary James R. Branch then read
his annual report The secretary, who
appeared in his uniform of major of the
Seventh United States Immune Infantry
was received with enthusiastic applause
MIR. Walker Hill of st. Louis, treasurer
Of the association, read his annual re-
port 1t showed receipts and balance from
last year, $1Ol 211; disbursements, $685.
balance, $65 266.
The report of the auditing committee
was read, after which the report of the
protective committee was read.
The report of the executive council was
read by the chairman Mr.. Alva Trow-
bridge of New York. After reciting the
work of the committee, Mr. Trowbridge
read a letter from the Railroad Freight
Agents Association, suggesting better
methods in the matter of drafts accom-
panyng bills of lading and asking for a
joint committee to take action. The as
ISOLATION agreed to the request
Upon the recommendation of the council
the association adopted a resolution
recommending that a government commit
tee be created to study the financial sys-
TENS of Cuba, Porto Rico and the Philip
pines, and suggest amendments thereon if
any are deemed necessary.
Committees were authorized to inquire
into rates and forms of surety bonds and
to suggest a standard form for warehouse
receipts and bills of lading.
Mr.. Frank w. Tracey, chairman of the
committee on uniform laws, made the re-
port Of the committee, which is as fol-
lows:
Negotiable instrument law which we
are endeavoring to have passed is very
fortunate in having been tried for six
teen years in Great Britain and all its
colonies. 1t has been Endorsed by experts
In law in thirty Of the states of the
Union. Much opposition has been ex-
pressed to the law because it abollshes
days of grace, and, astonishing to say.
this opposition manifests itself more
strongly in the New England states than
anywhere else.
me task of attempting to pass this
law In all the states is one of herculean
proportions, but from the experience Of
the past winter your committee believes
II can be brought to a successful issue
Inc law is now in force in Connecticut
Maryland New York Colorado Massa-
ehusetts and Virginia"
Inc report of4he committee on bureau
OF education was presented by William
c. Cornwen
resolutions were adopted expressing the
regrets of the association upon the death
oi Ihomas Ridgeway at ShaWneetown,
Pa.
AFTER the adjournment of the session
the delegates from each state and terri
tory had MEETINGS for the purpose of choos-
ing members of the nominating commit
tees.
Inc afternoon was spent by the greater
number of the delegates and visitors in
sishtseelng. There was some caucusing
ny advocates of various candidates for
omces and of the cities inviting the next
year gathering of the association The
invitations thus far received are from
Cleveland and Milwaukee. The advocates
VI me former appear very confident Of
success
1here was several candidates for each
OF the minor offices, but il is generally
conceded that the presidency win go to
George H. Russell, president of the state
savings Bank Detroit, and first vice pres
"eht of the association.
FROM O'clock until midnight the visit.
4rs We're entertained at a reception by the
DehVer Clearing House Association at the
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