The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-12-08
BANKERS N SESSION
Second Annual Convention, at
Oklahoma City.
AGAINST THE ROSE LAW
Next Legislature is Looked to
for Relief,

OklaAOnna lily, u l.. Dec i.-lSpSCldi-J
The Oklahoma Bankers Association met
in this city this afternoon in their second
annual convention, which will be contin-
ued over tomorrow. The bankers associ-
alton is the outgrowth of the Rose bank
ing law. passed by the Legislature two
years ago. This law. as is usually the
case with fusion legislation. was so replete
with imperfections and inconsistencies
that the bankers in protection TO their
own interests and the interests of their
depositors, saw the necessity of concert
ed action and understanding on their part.
The preliminary meeting out of which was
formed the present association. met at FL
Reno a year ago. There was a strong
feeling there manifested to test the consti-
nationality Of the law in the courts before
rendering compliance with its provisions,
but Attorney General Cunningham, who
was present throughout the sessions. ad-
vised against such course. He admitted
the ambiguous and imperfect features of
the law, but suggested that the bankers
should do all in their power to obey the
law. in return for which he pledged his
efforts to secure remedial legislation in
the next legislature. The truculent ele-
ment WAS pacified by this conciliatory ad-
wee and have Joined in giving a loyal
support to the new law in which they
were aided by the WISE conservative and
helpful policy Of the present territorial
board. without which, it is conceded by
the bankers. much confusion would have
resulted.
TOdays session OF the convention was
taken up principally in hearing the re-
ports of Secretary Otto A. Shuttee. of
Ei Reno; Treasurer John J. Gerlach. of
Woodward; also the report of the exec
utive committee. of which d. w. Mar
quart, of Norman. is chairman The ad-
dress Of welcome to the bankers was made
by Oklahoma City's gifted mayor. ]. p
Allen, which, as usual, with him. was \ n
oratorical gem The response was made
by Banker L. p. King of Waukomis. The
feature of the session was Pres. Sarch's
annual address.
Tonight the members of the associat ton
are the guests Of the bankers and citi-
zenS Of Oklahoma City at a performance
at the opera house.
President Searchs address follows.
PRESIDENT SEARCH'S ADDRESS
1ehtleInen oil the Oklahoma Bankers
Association:
At our meeting at El Reno. twelve
months ago, an interest in the affairs in
Which we are engaged was manifested
mat was commendable to our members
and encouraging to a further effort IN |
maintain a bankers association. VII |
WnIch as Is declared the general welfare |
and usefulness of banks and banking
institutions might be promoted. and from |
a personal ACQUAINTANCE and the discus.
sion OF subjects pertaining TO the banking !
interests Of the Territory, practical ben |
efits might be derived.
The matter that then meroe particularly /
interested US all was the practical enforce /
ment or non-enforcement of a then IN
tried banking law. Those of You who
We're present at that meeting viii remem-
Ger now diverse were the opinions con-
corning its application, and how as the
result OF discussion an agreement was
reached and a resolution unanimously
ADOPTED placing US in the attitude of A
prompt compliance with the law and the
rules promulgated by the Banking Board
a unity of action was displayed that
could only have been attained through
organization. The spirit manifested was
doubtless appreciated by the board: much
$3.50 Al4CNlOu mas resulted Indn Z
pretended by many and experience has
proved the wisdom of our action. Mutu-
ally pleasant and helpful acuaintances
We're formed that have in many respects
been valuable.
To renew those acusintances, to dis
cuss the various topics of interest that
may be introduced, TO learn something. II
possible, and TO impart knowledge if may
be, we have again convened in another
annual assemblage as reuired by our by
laws. further retirement of those by
laws directs a stated programme to be
prepared; in meeting this retirement II /
has been necessary TO choose individuals /
10 prepare papers on special subjects. l /
trust these selections may not interfere
with such friendly and general Discus
sion as ought to and must prevail if we
would make our meeting profitable and
successful. your individual experience
may be valuable to some one else and the
information You can impart may tighten /
the burden Of your brother or assist him
In the performance of some Of the often