The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-10-16
AMERICAN BANKERS
THE NATIONAL ASSOCIATION
IN SESSION
REPRESENT EIGHT BILLIONS
Combined Capital of the Members
CT the Association, Who Vow
Number Over Five
Thousand.


of the American Bankers association,
which opened at the Pabst theater short
iy after 10 o'clock this forenoon The
members of the association represent IL
combined capital of over $5,000 coo, go The
convention was called to oraer by the
president, Alvah Trowbridge, of New
York city, by the introduction oe Alex
amer j. Burrowes, S. j., president of
Marquette college, who delive. ed the in>
vocation.
David S. Rose. mayor of Milwaukee,
we.cvmed the bankers III a delicious
speech, extending the freedom of the city
while they remained, and j. w. p. Lom
bard, president of the Milwaukee Bark
ers' club, extended a welcome un benar
OF the local bankers.
This concluded the addresses of wei
come and the annual report of President
Trowbliage followed.
President TroworIdge, after responding
to the addresses of welcome on behalf
of the association, said:
The American bankers are not mar
rowed in their sphere of action at IT,,
posts of their business institutions They
nave wide views of things Pertaining 10
the property OF the worlG, Tor SOM oil
our members are international bankers.
and they have, as already has ba.n said
IRON this platform, conserved the inter
ests OF the general puplic. So lar as
It-S1y US Sellu III Il lew NUiOS we ali lcil-
der you thanks for your hospitality.
We are gathered today, where We eX-
pecteI TO have gathered three weeks ago
To-Day, in a business session of the assoc
clat on. AS we were preparing for meet
ing at the earlier date the world VAS
shocked by a terrible crime at Buffalo, i
which cost the life of our beloved chicr
magistrate There are no more loyal Cit !
liens than the bankers, there are lunc II
whom law and order are more precious
and important. AS We have stood yer
the bier of our dead, anger at the muir
derer has softened in the admiration all !
Veneratlon for the man who sleeps, while |
We think Of his great work for this ma
ton In every condition OF lie. \ man |
above his fellows by reason of his richer !
character, he had done for US in the de- |
velopment OF our commercial and imam !
cial greatness what no man has done Ge- !
fore, and whether we now or have hereto |
fore adopted his opinions we gratefully |
accept their results. To have the world !
acknowledge, as it has done for months !
that the United States could produce !
SUCH a man adds immensely to the glory |
of our country. Some of us boosted per- !
sonal friendship with the illuStrious de- !
ceased and so ala personally bereaVed !
We offer condolences to them which might |
be congratulations in that they had intl- |
mate associations with such man.
Turning from the past to the present, |
it is our duty to see to 1t that further |
BILE in this land. The greatness of the !
Union is so thoroughly established that |
even this great calamity cannot hinder |
our progress and the man who presides |
in our highest Office for this cause has |
undoubtedly come into the world for such |
time as this. Let US render to him due |
loyalty, even While we mourn our ruler |
dead.
James a. Branch, secretary OF the as
ISOLATION, then presented his annual re-
port showing the membership and re- |
sources of the association to have In
creased as follows:
Sept. l. 1900
Paid membership Observation-Disclosures. 4,39I
Annual dues $50, 100
Oct. TO- 1901
Paid membership .................. 5,5N
annual cues ..''...:;:.......... .$6o,e 500
In the past year 200 members were lost |
through failure, liquidation and with
dIawal from the association, reducing
the membership to 4,191; 1913 members |
have joined since Sept. 1, 1900, net gain |
over last years total membership of |
lib The roll now embraces 1904 men, |
bers, whose capital, surplus and und- |
vided profits aggregate $1,7OS, 727, AL; COM
bined deposits $6,2SS, $50, 200; total $S,O07,-
6S2,641.
The report of Treasurer George NJ
Reynolds was then presented.
Caldwell Hardy then read the report of
the executive council
Frank w. Tracy presented the report
A. B. Heburn presented the report of
the committee on internal revenue taxa
ton. The committee was appointed for
the purpose of having a reduction made
in existing internal revenue taxation.
The report states that, while the result
ing legislation is well known and while
it is not all the committee desired
nor feels the country is entitled
to, still the committee felt that the
association may we'll congratulate itself
upon the results accomplished Col,
Robert j. Lowry reported for the COM
mlttee on bureau of education, the SUBJ
stance of which was an Endorsement OF
the correspondence school of the Ameri-
can Institute of Bank Clerks.
A. c. Anderson reported for the COM
mittee on fidelity insurance
The report of the committee on ex-
press company taxation was presented by
F. w. Hayes
AT the continuation of the reading of
reports several resolutions were offered
and referred to the executive council
among which are the following:
ASKING congress to recognize and es-
tablish the charters of 100 national
banks which viii expire next year.
Asking congress to legislate for the re-
turn of checks on which revenue stamps
have been Cancelled, was referred to the
executive council.
Requesting the secretary of the treas
ury to change the contract now existing
between itself and express companies in
such manner that the owners of nm
signed certificates shall be Unidentified in
cash for certificates lost in transit.
Requesting congress to repeal para
graph one, section two, of the war rev.
enue act of 1893, thereby removing the
special tax on capital and s1lrn,us of
banks, also other forms of oar+i6oo+o
BY unanimous consent, a resolution
presented by James A. Wilcox; of Pitts
burg, was received and adopted bv the
convention relating to the punishment of
anarchists The resolution recites that
there exists an imperative necessity for
the enactment of laws by congress to
punish assassination and for the SIM.
preston or an archy by providing:
u Capital punishment for those oon
vlcted OF murder or attempted murder Of
ofncers In high public positions
70 Adequate punishment by imprison-
I'LL " al aoVocatlng or counseling VIC
renee to those in authority
90 Enacting of laws to prevent an
arcnlstS from entering this country.
81 we urge upon congress and the
state legislatures action that shall keen
our land free from fostering conspira cfes
against the rulers of foreign lands.
secretary Branch, through the execu-
tive council, was authorized to send
message of greeting to President Roose
welt
PRESIDENT Trowbridge appointed Messrs.
Kaufman, Herrick, Whiting, Pugsley
and Milveine a committee to prepare
| memorial on the late President Nc
| Kinley.
An adjournment was then taken until
| tomorrow
The committee on nominations held
meeting this evening and decided unon