The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-10-16
OVER EIGHT BILLION
csrNTED AT AMERICAN
he RANkERs CONVENTION.
MILWAUKEE, RECEIVES THEM.
WATERS OF BUSINESS IN
Ma TEREsT DISCUSSED.

.inbIe Instrument La~-OehuicH-
Cor the Year Were Numerous
dIIeavy-RatiO Was Only One to
,b 900 Employees, HOwever-A
1ord surety Bond Adopted.
Effort to Compel Express oompa-
los 20 Pay License for Doing
,utinn Business to Be Continued.
,,Lers Mourn McKinley's Death
and oppose Anarchy.
,,,,,.aukee. Wis, Oct. 15.-The twen-
aayenth annual convention of the
,,,orican Bankers Association began
49,. at 10 o'clock to-day with bankers
Dsar, nearly every state in the Union
=. ottandance. The members of the
...ociation represent a combined capt.
al If over S. 900, 900, 900. President Alva
u 7-rowbridge of New York City call
Cd the convention to order and intro
dnced Alexander j. Burrows. president
of Marquette College, who delivered
the invocation.
David S. Rose, Mayor of Milwaukee,
welcomed the bankers to the city, and
7 w p. Lombard, president of the
Milwaukee Bankers Club, extended
welcome on behalf of the local bank
ers.
The reply to addresses of welcome
and the annual address of President
Troybridge followed. President Trow-
bridge referred to the death of McKin-
lev and rendered loyalty to the new
President.
James r Branch, secretary of the
association. then presented his annual
report, showing the membership and
resources of the association to have in
creased as follows:
Sept 1. 1900, paid membership, 1891;
annual dues. $59,7OO.
oct. 10, 1901, paid membership, 5,5O4;
annual dues, $50, $50.
The treasurer, George M. Reynolds,
reported receipts of $67,791 and ex-
pendtures of $66, 9SS, the balance on
hand Aug. 81, 1901, being $6S,OS4. The
disbursements on protecting account
were $29,966.
Negotiable Instrument Law.
Frank F. Tracy, chairman of the
Committee on Uniform Laws, submit
ted 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 seventeen states.
A P. Hepburn presented the report
of the Committee on Internal Revenue
Taxation. The report states that leg
islation, while not all the committee
desired, nor all it was entitled to, had
been secured.
Col. Robert J. Lowry reported for the
Committee on Bureau of Education. the
substance of which was an endorse
ment of the Correspondence School of
the American Institute of Bank Clerks.
II A. c. Anderson, chairman of the
ii Committee of Insurance, submitted the
report Of that committee. 1t was stat
ed that standard of bond had been
provided and nine surety companies
were now prepared to furnish it, The
report contained the following:
DefaIcatiOns Were Heavy.
Numerous and heavy as were the
defalcations for the year 1900 it should
be borne in mind that the combined
olhoe force of our members exceeds 80, =
VJ0' and among those that were COW
cred by corporate suretyship for each
path of rectitGde, there We're over 900
that remained faithful. 1t is to be
noted that the heavy defalcations last
year were mostly by men not covered
by surety bond"
The report said 81 per cent. of losses
We're not paid.
r. w. Hayes, chairman, presented
the report of the Committee on Taxa
uoh OF Express Companies. The COM
HlffGn hot
report any substantial progress as the
result of its efforts to compel the ex-
press companies and heir numerous
agencies to pay a license tax for the
PNHege OF conducting a banking and
brokerage business"
To suppress Anarchy.
Legal action was recommended with
view of testing the question in the
courts. BY unanimous consent a res.
uluIlon presented by James A. Wilcox
VI tittsburg, was received and adopted
Wy lne convention relating to the pun
-oHiAeht or anarchists. The resolution
reCleS mat there exists an imperative
necessity for the enacting of laws by
tGoHgress to punish assassins, and for
tle suppression of anarchy by provid-
,o FHst Capital punishment for those
- VI iuuINleT OF attempted muir
OF olhcers in high public positions
second. Adequate punishment by inn
lr,Sohment of all parties counsellins
''Tence TO those in authority.
IN!Id. Laws to prevent anarchists
"gu entering into this country.
uIth. That we urge upon Congress
anu the state legislatures action that
o ohaH Keep our land free from the
r r,Irse OF fostering conspiracies against
'uIers of foreign lands.
,,.9ecretary Branch, through the exec
1--WE council, was authorized to send
message Of greeting to President
roosevelt
resident Trowbridge appointed
BIS. kaufman, Herrick, Whiting
usSIey and Mulvaine a committee to
azure a memorial on the late Presi-
Nent Mckinley.
adjournment was then taken until
4 tomorrow.
me Committee on Nominations to-
~ SNl decided upon the following list OF
9ItOerS Tor the ensuing year:
Ia eSldent' M. T. Herrick of Cleve-
" wee president. C. Harry. Norfolk
q Sualrman of executive council, II
. DIgelow, Milwaukee; secretary, J
n'"l' H. New York; treasurer, j. M
reynolds, Chicago.
stNeW members of the executive coun.
~. Il. Fries, North Carolina; p. c
Uiinan, Washington.
Remarkable Growth.
,.l me report of the executive council
tba presented by Mr.. Caldwell Hardy
tsr.ttnl alIman. 1t stated that the mem.
coup mad grown from about 800 In