The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-05-10
THE BANKERS OF TEXAS
Annual Meeting Of the Association In SEES
sion at San Antonio.
PRESIDENT LOYD's CONGRATULATIONS
Because of the Prosperity
I'm Texas-Reports of secre-
tary and Treasurer.

San Antonio, Texas, May e.-The nf-
teenth annual convention Of the Texas
Bankers association opened here today.
The trains were late this morning and
the convention was delayed in getting in
notion as a result, two sessions were
crowded into one.
The attendance on the opening day as
sures the bankers OF very successful
and pleasant meeting
The work Of the convention today con-
sisted of an address of welcome aud re-
spouse, the reports of officers and COM
mittees and an address "The Banker as a
| Citizen, by T. S. Henderson of Cameron.
Vice President George e. Webb called
the convention to order at 11.45 a. M.
Rev R. NJ Hall offered an eloquent aud
appropriate prayer.
Mr.. j. N. Brown Of the Alamo National
bank read note from Mayor Hicks, which
stated that owing to official business he
would be unable to deliver the address of
welcome The mayor in his communica-
ton assured the bankers that they had
| the hearty welcome Of the citizens and the
| freedom of San Antonio.
telegram from Mr.. j. w. Blake of
Mexia, who was to deliver tho response
to the address of welcome, announced that
he could not DO present on account of Sc
we're Illness.
Mr.. G. A. Levy was called upon to re-
spond to the address of welcome.
The secretary then read the following
letter from NJ. r. Lloyd of Fort Worth
the president of the association: II very
much regret my inability to be with you at
the opening Of your session, but viii be
with you Wednesday morning / congra-
tulate you on the condition of the financial
world and the general prosperity of our
entire country and more especially the
prosperity of our own Texas The year
that has just passed has been one of the
most eventful since we have had a Ma
tional existence A war inaugurated
against great foreign power battles
fought and won; great nayies destroyed
large territory acquired, and peace re-
stored--all in the short space OF ia days.
Truly this is an age of enterprise, prog
ress and rapid events.
THE workings OF this association viii
be made known by the report of the secre-
tary. have nothing to suggest to you
except the adjustment Of the district sys-
ten. Experience has proved that in most
cases 1t has been unsatisfactory. How
ever, | would recommend for your consid-
Grafton the propriety OF increasing the
executive
mittee to ten, instead of seven. choosing
one member from each district as the dis
triets now stand, Possibly this may ne
cessltate change in the by-lgSs, but
nave no copy of them at hand
Following Is the report of the secretary,
MI @. w. Voters 4 am pleased to say
the record of membership shows a material
increase MIR. billiard, our treasurer, has
been active in soliciting, and the thanks
OF the convention are due him for the
largest part OF the increase Our member
ship at the close of the last convention
was 1872 1t Is now 2ll. We have lest
three who declined to renew their memo
pershlp -Four banks out of the member |
snip nave liquidated and their places taken |
by three others, all of whom are mem
hers This makes lis lose only one mem |
per In this manner. There have been no |
failures.
On August 15 1888 I sent out a oircu
lar letter regarding the reciprocal draft |
ana the district clearing house idea but |
tne answers we're so few and so little in
terest was manifested in the matter that
ala not think 1t worth while to take any |
further steps beg to say. however mar |
some Of the other States have adopfed tbs
reciprocal draft and it appears to be cain
ing ground
Gov the Inc Boston banks have adopted a plan
LOT the clearing of country cheeks. This
plan however does not cover collecrions
s .,I all members who adopt the plan do
tne work without remuneration The man !,
mat has been considered by this asgGcIa- I
tion covers collections ss we'll as cash
TENS ana the resunr rate OF exchange is
secured by the country banks"
The report of The treasurer. Mr. n
Hilliard, was as follows: II have nm
Houor 70 present to You herewith nv re
Port as treasurer OF the Texas Bankers
,sssoelation; There was turned over 70 ma
py my predecessor the sum of $50 AZ: re-
ueIpis LOT membership amount to S10Sl
l,aIA.l total receipts Of s109o42 This
membership has increased in number dur
ing the past year about twenty, standing
now at ZIG. The expenditures for the wear
amounted TO total of $1462. 70. There IA
therefore, left and now in my hands az
!, easurer balance amounting to S427.72.
= ue Vouchers covering expenditures are
submitted herewith"
Mr.. A. P. Woodbridge OF Austin gave
verbal report on behalf OF the legislative
committee He said in part: THE bank
II OF Austin seeing an emergency. con-
,Iuuea 10 meet and act in an attempt TO
Illustrate a proposed law which aimed to
reduce the rate OF interest.
We deemed this PROMISED interest law
premature IN Texas. The bill had passed
% engrossment in the senate We inter
viewed the leading members OF both
houses. We did not lobby. Lobbying Is
ietrimental to the interests of the bank
'fs' We presented the facts to the legis-
ators' Illustrating to them that such an
'ct was premature in Texas. In the senate
We induced them TO reconsider and they
eyersed themselves.
Ihe bill against which we made the
HARDEST iight was on a proposed statement
u depositors law. which crept into bill
S an amendment. 1t called upon the /,
anks TO give assessors a list OF all de-
ositors and the amounts each one had
n deposit. The bill did not become n lew.
ne legislature is not going to pass any
oolish laws for the bankers of Texas"
The convention rendered the Acstin n
ankers rising vote Of thanks.
Then came the reports of the district c
hartman, followed by the reading OF a |
aper on The Banker as a Citizen by 4
: 5 Henderson OF Cameron. after which
he convention closed for the day.
THREE APPOINTMENTS.