The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-10-05
LOVING CUPS PRESENTED
Secretary and Former President, Both
of Richmond, the Recipients.
FIVE THOUSAND DOLLARS FOR GALVESTON
Proposition For Federal Department of Com
merce and Industries Endorsed. Bankers
go to Old Point on Compliment
ary Excursion Today.
(By the Associated Press }

Richmond, Va, Oct AT the closing
session of the American Bankers Asso-
citation today, the Financial Future of
the United States;' "The Internal Reve-
nue. Law" public Opinion and Banks;
and, THE Education of a Banker" were
discussed, tie leaders in the discussion
of the several topics being respectively:
Charles A. ConaRt, New York Journal of
Commerce; Alfred &C. Barres, President
Astor Place Bank, New York; j. A. S..
Pollard, Cashier Fort Madison Savings
Banks, Fort Madison, Iowa, and George
Hague, General Manager Merchants Bank
of Canada, and Delegate Canadian Bank
ers' Association.
The association confirmed the officers
chosen yesterday by the committee as
follows:
President-Alvah Trowbridge, President
of the North American Trust Company, of
New York, the present cepresident of
the association.
Vice -President-Myron T. Herrick,
President of the Society of Savings, of
Cleveland, Ohio, the present chairman OF
the Executive committee.
Chairman of the Executive committee
Caldwell Hardy, President of the Nor
folk National Bank, of Norfolk, Va.
presidents were elected from all
the States and Territories. Two cities
were placed in nomination for the next
session of the association. They were
Buffalo and Milwaukee, the former city
being represented by Colonel W. C. Corn
WELL and the latter by Mr. f. G. Bige-
low. The question was referred to the
executive council, which will decide it at
the meeting to be held next spring.
The executive council was requested to
appropriate $4,000 to the Galveston relief
fund.
A resolution declaring in favor of put
ting the consular service under civil SER
vice rules was tabled, after long discus
sion.
Through resolution sent to the eXecu-
tive council for action, the association in
dorsed the proposition for a Federal de-
partment of commerce and industries. The
council was instructed to send copies of
the resolution to the President, members
of the Cabinet and members of Congress.
After the adoption of appropriate reso-
lutions Of thanks, Mr.. w. r. Trigg, who
has been elected vice-president for Vir-
ginia, spoke, urging that the convention
be held here next year. After his re-
marks the convention adjourned sine die.
Immediately following the adjournment
the executive council convened and elect
ed Colonel James r. Branch formerly
of Richmond, secretary, and Mr. George
M. Reynolds, of the Continental Bank OF
Chicago treasurer, both succeeding them
selves.
These matters being disposed of the
council went into the consideration of un-
finished business.
The bankers go to Old Point on a CON-
plimentary excursion tomorrow.
One of the most striking features OF
the morning session was the presentation
of splendid silver loving cups to President
Walker Hill and Secretary James r
Branch, Of the association. The event
was unique in that the recipients of the
handsome gifts. the two chief officers oi
the association, are both natives of the
same ityARichmond-a coincidence which
will probably never occur again. The cups
were presented by the clearing house
bankers of Richmond. Mr.. A. Bierne
Blair, Cashier of the Security Bank
making the address.