The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-11-22

The announcement was made that, owing
to sickness and death in his family, Or
lando NJ. Packard. secretary of the asso-
citation, would not be present at the con-
vention. In his absence the secretary's re-
port was read by Assistant Secretary
Charles Farrell. 1t was in substance as
follows: 1.-The total membership at the
last convention, Oct 25-26. 1899, 200; MEM
bership at this date, 251; gain 81.
There are now about 46S banks and trust
companies in the State. OF these there are
123 national banks, carrying S44, 500 OF
loans and discounts, s6.273. $50 of United
States bonds for circulation. s3,Ss7.7 6O of
bonds to secure deposits, $9il,500 of United
States bonds on hand.
These, with cash and other resources.
footing the grand total of resources to
500 271, 1853. These same banks have COM
bined capital of $l4614.50O: surplus, .S29, 159;
individual deposits, S57, Us $50; United States
deposits, s2.7SS,9SS; deposits with other
banks, Sc, 116 391.
There are ninety-seven state banks,
with combined capital and surplus of So.
800 053; deposits. &563, OPS.
There are also five savings banks, all
organized during the period between 1870
and 1880, carrying deposits, surplus and div
idend surplus of Sc, 406,449
AT our last convention various resolu-
tons were adopted on the subjects of
rulings of commissioners of internal rev.
enue in re express companies, resolutions
regarding certain proposed amendments to
the national bank act, resolutions regard
ing the new one-dollar, two-dollar and five
dollar silver certificates. AS per instruc-
tions of the convention, copies of these res
olutions were forwarded to our senators
and representatives in Congress and their
enactment into law urged"
The deaths of John NJ. Gaar, president of
the Second National Bank of Richmond.
Henry L. Cook, cashier Of the First Ma
tional Bank of Evansville, and Jerry Blain,
vice president of the First National Bank
| of Plymouth, are noted in the report
II cannot conclude" says the secretary,
without congratulating this convention
over the enactment of the new currency
law of March. 1900 and for the fact that we
are to have four years fair trial of its pro-
| visions.
OTHER REPORTS.
James f. Evans, treasurer, read his re-
port, which was very brief and made an
excellent showing of the financial condi-
ton of the association. The financial state
| ment summarized is as follows:
| Receipts from former treasurer E.
| l.. Mckee ............................. W. Is
Membership fees from 242 banks,
| bankers and trust companies, So
each l,zl0Ot
Total ACKNOWLEDGEMENTS. 81. 412 81
Disbursements Observation-Disclosures. 1881
Balance in treasury. S69S 5.
The reports of the secretary and treas
Crer were adopted by unanimous vote. In
accordance with the constitutional pro-
vision requiring the appointment or an
auditing committee, President Coulter des-
| ignated Walter Vail of Michigan City, A
| M. Jacobs of Kendallville and @. A Gags
of Terre Haute to act as such committee.
The reports of vice presidents revealed
affrrrn and do Mo nf -.
| Bankers Association for the purpose Of
| learning the condition of the variou:
| financial Institutions of the State and o.
| the people generally in each Of the coun
ties of the State A vice president i!
| selected for each congressional district
| whose duty il is to investigate these fact.
| each year and report his discoveries TO thu
| next annual convention. Walter Vail, o.
Michigan City, one of the vice president.
! at large. reported conditions in and abou
| the city Of his residence as being mos
the Second district, reported that the yea
| past has been most prosperous and tina
his district had furnished a number of new
| members to the association Flatterint
| reports were also made by George w. Ap
! plegate, of Corydon, vice president Thirs
| district; r. l.. OHair. Greencastle. Fiftl
district; Joseph l. Little, Connersville, Sixtl
district George b. Caldwell. of the Mer
| chants National Bank, Indianapolis
| Seventh district; l. NJ. Branson, Farmland
Eighth district: w Il. Dunn, Noblesville
| Ninth district. whose paper was read II
his absence by Mr.. Farrell; A. NJ. Jacobs
Kendallville, Twelfth district, and l.. G
Tong. South Bend. Thirteenth district re
pert read by Mr.. Farrell.
| Assistant Secretary Farrell read the re
! port OF the executive committee, showing
| that there has been substantial increas
In the membership of the association an
that out of $50 banks and banking institu
| tons in Indiana over 30 are members o
| the association. The committe also sub
! mitted to the convention a resolution
| adopted at it's meeting Tuesday night com
| mending the financial bill passed by Tn
last Congress and urging that the resolu
ton be adopted. The resolution reads n
| follows:
Resolved That the Bankers Associa
ton of Indiana congratulates the patriot
| people o< this country who rose abov
party and made il possible to establish tn
gold standard and settle forever the ques
ton of sound money" Signed by NJ r
| Wilson, Thomas b. Millikan and G..
| Lindsey the committee. The resolution
was adopted by unanimous vote of tn
convention.
MIR. HAyES'S PAPER.