The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-06-16

the state to so cents. A compromise was
finally effected before the Senate commit
tee putting the fee at 81 instead of SO. The
Senate never reached vote upon this
question, but it will come up at the next
session, and in all probability 81 will be
made the protest fee in Georgia.
The only other matter was the effort to
put tax on the real estate owned by
banks such as the buildings in which their
business was conducted. This was mani
testify unfair, he said, because such prop
erty is always included in the capital
stock, and banks pay tax on the entire
value of their stock, surplus and undi-
vided profits. The effort to fix this tax
was finally squelched
Some of the members of the association
wanted the legislative committee made a
regular standing committee. 1t was final
ly decided that the executive council could
look after the matter and 1t was allowed
to take that course.
Mr. G. Gunby Jordan, who with Mr.
w. T. Davidson, was a delegate from the
Georgia Banks Association to the Amerl-
can Bankers Association which met in
Detroit last August, read most interest
ing report Of that occasion. He referred
also to the presentation to Mr.. Robert j.
Lowry of Georgia, the retiring president
of the association. of a handsome gavel.
Mr.. Lowry was made a member of the
executive council, and MIR Jordan was
elected vice president of the association
from the state of Georgia
The report of Treasurer George H. Plant
was passed temporarily, owing to his in
disposition.
Secretary L. P. Eillyer reported the col
lection of dues from the banks in the as
ISOLATION amounting to $780, 1t should be
especially gratifying to President Davis,
the Nestor of the association he said, to
know that his administration records the
largest increase in membership since NJ.
B. Lane, vice president of the Citizens
Bank, founded the association and pre-
sided over ninety-tWo members. The
total active membership at this date is 1870
banks. Secretary Hillyer said he was sure
If the few remaining banks in the state
could realize the extensive benefits of the
association and its Importance to the bank
ing interests, the next president woulo
have reason to feel elated over increase
in membership more than any of those
in the past
A most interesting and instructive paper
on the subject of Trust Funds" He
started out with the enunciation of the
principle that a man who mixes trust FUNDS
with his own must consider the whole as
trust property, except so far as he can
clearly distinguish between the two The
same is true of banks. Mr.. McCord dealt
with tile subject necessarily from legal
standpoint The association rendered him
a vote of thinks for his carefully prepared
paper and ordered that it be printed for
reference.
The association then adjourned for din
ner. At the afternoon session the report
of Treasurer George H. Plant was read.
1t showed receipts Of 81, 091.99 and dlsburse-
ments of $g1326
Most interesting and Instructive papers
were read by Mr.. w. L. Mardre of Lump
kin on Banking Business, the Response
bilities 1t Imposes, and the Benefits 1t Con-
| fers," and by Mr.. r. N. Berrien, Jr, of
| Waynesboro on "Thc Unreasonable Com
petition Between Banks, and How to Rem
| edy It."
The nominating committee was appoint
ed as follows: Messrs G. Gunby Jordan
of Columbus, R. A. Graves of Sparta, NJ.
| B. Lane of Savannah, p. e. May of Au-
| gusta and A. ]. Carver of Dawson. This
| committee will report nominations of Of
! hcers tomorrow. The convention then adj
! journed until Il O'Clock this morning