New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-10-11
BINKERS' CONVENTION CLOSES.


The second and last session Of the ninth annual
convention If the New-York state Bankers Asso-
citation was called to order yesterday morning Oy
President Bissel OF Buffalo, in the oleaI'"5
House. The officers elected We're,
Stephen NJ Grisvold OF Brooklyn Nlce-pieS'ie"''
Charles II Sabin. of Albany; secretary L. T. az
penter of Mount Kisco and treasurer T. r. J'h"-
son. Of CIens Falls.
\ resolution was passed requesting the commit
tee on administration to consider the que9''o"
whether the officers of branch banks shouIu ma
tn. same standing In the association as oiheeIs vi
parent banks. The following resolu'i' T. -,
by James H. Trip. referred to the eoHiiiil'''e
on administration with power TO act upon III
peso1v.d That the present Bankruptcy law hav-
Ing outlived lis usefulness; should no I'a5 t6s
main statute BOOKS anu ,b Nv York
state bankers Association ask our RePresehtIdt
tives in Congress 10 secure us tePeai a' '"' ~
est possible moment
! sIoat Fassett delivered an address. FIe said
in part:
The effort that il made array masses AGAINST
captains Of industry IS not only moIduS uatl"''''
but politically and Amerlcaniy IN -Npeuitht-
Great things arr behind us, but vastly greater
before In this century W m4s' n"'o t ~
In gigantic struggle, m WniGh , lhg sI d
forces OF all nations will contest Ehis Is lht Gay
Of young men, The Ola 3Im1F Viii NO an Tbat
nation will excel all others which exceIs IN IT'S
Inc great conaucsts Of the twentieth century will
be In the orient We are in the Pacific period OF
The most progressive European governments al
ready have begun To stretch fOrcetully. but Wlth
diplomats subtlety. their arms 20 gather IN tls
prizes OF the Pacific world our country must
realize the full Importance of the great movement nj
We have the location the productive capacity lhe
creative energy. and 10 is for uS TO mdlntoh the
virIlity. and integrity ~ character necessary 10
make best OF the great gifts the sods nave
bestowed upon us.
TX Senator Griswold, the president Of the
association. said.
At the present time I think that every state and
Territory has its bankers association As the re-
suit OF this organization the banks Of the United
States are bound together In one common interest
making "a power which will at all times stand IKE
q wall against financial panic and ruin HE most
important organization Ia the country o. our sys-
tenn % banking All classes. as well as the govern
fa---rer the merchant and the artisan an require
the assistance of the banks conduct successfully
their business The banking business has grown
i'm magnitude and power. until at the present uIne
10 controls the commerce OF the world
Mr. Griswod appointed the retiring president,
Arthur -. BisselI delegate-at-larye 70 the Ameri-
can Bankers Convention In New Orleans.
y resolution was passed expressing the sym
pathy OF the organization for tn widow OF Presi
usUt Mckinley In her loss of her husband. who
died since the last convention OF the association
The convention adjourned. leaving the time and
place Of the next meeting 10 n" committee on
administration. which will not make its decision
known until next month.
The bankers dIncd hst night I'm the grand ball
room 81 the Waldorf Astoria. covers Were laid for
Str guests. nearly half of whom We're women. There
were no addresses. but Immediately fouowinE The
dinner there a vaudeville performa nee. which
Was generously appEIUdeu 10y the EuvSts. Among
thos" present were james Sttllman. J. Iterlont
Chauncpy NJ peprw j Edward simmons. stephen
NJ. Griswold. Edwin Gould and A. b. Hepburn