The county record. [volume] (Kingstree, S.C.) 1885-1975, 1901-10-24
Twenty.Seventh Annual Session Al
Milwaukee.
THEY demand SOME LEGISLATION
Looking to the Suppression of Anar-
chial Tendencies Resolutions On
President rIcKinIsy's Death.

Milwaukee, Specialize 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 men,
bers of the association represent a
combined capital Of over SS,000,000,-
900. President Alva H. Trowbridge.
Of New York, called the convention
to order and introduced Alexander j.
Burrowes, president of Marquette
College, who delivered the invocation.
David S. Rose, mayor Of Milwaukee,
welcomed the bankers to the city and
J. w. p LOMBARD, president of the
Milwaukee Bankers Club, extended
a welcome on behalf of the local bank
ers. The reply to addresses Of wei.
come and the annual address Of Presi-
dent Trowbridge followed. President
Trowbridge referred to the death OF
Mckinley and rendered loyalty to the
new President.
James r. Branch, secretary Of the
association. then presented his an
nual report, showing the membership
and resources of the association to
have increased as follows: Septem-
Der /, 1900, paid membership. 4,39l;
annual dues S59,700. October 10. 1901,
paid membership, 5,504; annual dues
S60S50. The treasurer, Mr.. George
NJ. Reynolds, reported receipts OF
$67,797 and expenditures Of S66,93S,
the balance on hand August 81, 1901.
being $63,0S4. The disbursements on
protecting account were S29,966.
Frank F. Tracy, chairman of the
committee on uniform laws, sub
mitted it's 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. A. B. Hep
burn presented the report OF the CON-
mittee on internal revenue taxation.
The report States that Legislation,
while not all that the committee de-
sired nor all it was entitled to, had
been secured.
Col. Robert J. Lowery reported for
the committee on bureau Of education.
the substance of which was an en-
dorsement of the Correspondence
School of the American Institute OF
Bank Clerks. A. c. Anderson, chair
man of the committee Of fidelity in
surance. submitted the report of that
committee. 1t was stated that a
standard form Of bond had been pro-
vided and nine surety companies
were now prepared to furnish 1t. Ihe
report contained the following: AS
numerous and heavy as were the de-
falcations for the year 1900 1t should
be borne in mind that the comblneh'
office force of our members exceeds
80 900. and among those that were
covered by corporate suretyship. for
each bonded man that Strayed from
the path of rectitude there were over
900 that remained faithful. 1t is to be
noted that the heavy defalcations last
wear were mostly by men not covered
by surety bond" The report said 6l
per cent. of losses were not paid.
F. w. HAYES. chairman. presented
the report Of the committee on TAXA
ton of express companies. The COM
mittee stated that they were unable
to report any substantial progress as
the result of its efforts to compel the
express companies and their num-
erous agencies to pay a license tax
for the privilege of conducting a
banking and brokerage business.
Legal action was recommended with
a view of testing the question in the
courts. By unanimous consent reso-
luton. presented by James A. WI.
lock, of Pittsburg. was received ana
adopted by the convention relating 70
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:
81. Capital punishment for those
convicted of murder or attempted
murder of officers in high pubic posi-
tionS. ..;,
"e. Adequate punishment b. lmpris-
onment of all parties counselihs WIZ
lence to those in authority.
"3. Laws to prevent anarchlsts lFo''
entering this country.
- That we urge upon Congress anM
State legislatures action that snal,
keep our land free from the cnarse
of fostering consplracles aeaih''
rulers of foreign lands.