Fisherman & farmer. [volume] (Edenton, N.C.) 1887-19??, 1901-10-24
THE BANKERS MEET
Twenty.SeYenth Annual Session Al
Milwaukee.
THEY demand SOME LEGISLATION
Looking to the Suppression OF Anar-
chiai Tendencies Resolutions On
President TlekinIey's Death.

Milwaukee. Spccial-Thc twenty.
seventh annual convention Of the
American Bankers Association be.
gan here at 10 O'Clock Tuesday. with
bankers from nearly every State in
the Union in attendance The mem.
bers OF the association represent u
combined capital OF over $4,000. .00O..
coo. President Alva II. Trowhridg".
OF New York. called the convention
TO order and introduced Alexander !.
BurroWCs, president of Marquette
College. who delivered the Invocation.
David :. Rose. mayor OF Milwaukee.
welcomed the bankers to the city and
J. W. u. lDwhard president OF the
Milwaukee Bankers Club. extended
a welcome on behalf OF the local bank.
crs. The reply To addresses OF wei.
come and the annual address OF Prcsi-
dent Trowbridge followed President
TrowbridGc referred to the death OF
Mckinley and rendered loyalty to the
new President.
James Il. Branch. secretary OF the
association, then presented his an.
nual report. showing the membership
and resources of the association tn
have increased as follows Scptcm.
Der !, 1900, paid membership. 1891:
annual dues $50. 700 October 10. 1901.
paid membership 5.50i; annual dues
$60,S5O. The treasurer, Mr.. George
NJ. Reynolds. reported receipts of
$67.797 and expenditures OF 500 ,93v
t1..l l.aV,y 81
being $G30S The disbursements on
protecting account were $29,966.
Frank +. Tracy. chairman Of tho
committee on uniform laws. sub
mitted its report setting forth that
the negotiable instrument law had
been considered in many legislatures
last winter, but was successful In only
one State. Pennsylvania. The law has
been adopted in II States. 4. B. Hep
burn presented the report of the COM.
mittce on internal revenue taxation.
The report States that legislation.
while not all that the committee de.
sired nor all il was entitled to. had
been secured.
Col. Robert J. Lowcry reported for
the committee on bureau OF education.
the substance OF which was an en-
dOrsement OF the Correspondence
School OF the American Institute or
Bank Clerks. A. G. Anderson. chair
man OF the committee OF fidelity in
surance. submitted the report Of that
committee. 1t was stated that
standard form Of bond had been pro
vided and nine surety companies
were now prepared TO furnish II. The
report contained the following: AS
numerous and heavy as were the de-
falcatiOus for the year 1900 II should
be borne in mind that the combined
office force of our members exceeds
10000. and among those that wcro
covered by corporate surety snip. Tor
each bonded man that straycd from
the path OF reCtitudc there were over
900 that remained faithful. II Is TO be
noted that the heavy dcfalCatiOns last
year were mostly by men not covered
by surety bond" The report said 6l
per cent Of losses were not paid.
+. w Hayes, chairman, presented
the report OF the committee on taxa
tion Of express companies. The com
mittec stated that they were unable
to report any substantial progress a.
the result OF it's efforts tn compel the
cxpress companies and their mum
erOus agencies to pay n license tax
for the privilege Of conducting a
banking and brokerage business.
Legal action was recommended WIN
a view Of testing the question in IN"
courts. By unanimous consent reso-
luton. presented By James y. WI
lock, OF PittsbuTg. was received ana
adopted by the convention relating 10
the punishment Of anarchists. The
resolution recites that there exists
an imperative necessity for the en-
acting OF laws by Congress To punish
the assassins and for the suppression
of anarchy by providing:
Il. Capital punishment for thoSc
convicted OF murder or attcmpte"
OF officer: in high public posi-
tions. ,-....
.. Adequate punishment b. impri&-
onment OF all parties coun6eiihg 'l"'
Ionce to those in authority.
20. Laws TO prevent anarchists from
entering this country ,
"A That we urge upon Congress ann
state legislatures action that shal'
keen our land free from the charH"
~ fostering conspiracics against
rulers Of foreign lanis.