The times. [volume] (Richmond, Va.) 1890-1903, 1902-11-12
BANKERS HONOR
A VIRGINIA MAN
Mr.. Caldwell Hardy, Of Norfolk,
the Next President.
NJ 81
lBv Associated Press.l

NEW ORLEANS, LA, November IL
The twenty eighth annual convention Of
the American Bankers Association assem-
b!ed to-day, beginning a three-days ses-
sion. This is the largest meeting of the
association ever held and the largest ag-
sregation of fiaanciers ever gathered at
ere time in the history of the country.
Up to a late hour tonight there had been
], 800 delegates registered and nearly 500
visitors and ladies. Seven special trains,
a dozen private cars and every regular
train for the past three days has been en-
gagged in bringing the crow, which has
taken complete possession OF the St
Charles Hotel, the headquarters and over
flowed into every other hotel IN the city.
s. AT the opening session addresses OF well
come were delivered. President Horrick
replied to the addresses of welcome and
delivered his annual address.
Secretary j. r. Branch's report showed
a present membership OF 1854, with an
annual income Of s67.s0o. There was a net
increase in membership during the year
Of 973.
Comptroller of the Currency W. b.
Ridgely spoke on 1.-THE Change In Bank
ing Conditions.
Mr. John Johnston, vice-president Of the
Marine National Bank of Milwaukee,
smoke on the Scottish Banking System"
Mr.. Joseph G.. Brown. president Of the
Citizens National Bank Of Raleigh. N
c.. spoke eloquentiy on THE New South
After the conclusion Of Mr.. Browns
address the convention adjourned until
tomorrow
The nominated committees composed
Of delegates from each of the States. has
fixed upon the following officers:
a.lE1 ,....;,la,45 "a Hardy IF Norfolk
va: First president, f. S. Bigeiow,
Of Milwaukee, Members Of the Execu-
tive Council named by the State Associa-
tions-c. Z. Farrell, assistant cashier OF
Capitol National Bank of Indianapolis;
A. II. Virgins, vice-presldent OF the
Park National Bank of New York; A. A.
crane. cashier of the National Bank OF
Commerce Of Minneapolis: Luther Drake,
"a shier Merchants National Bank.
Omaha; A. " Lane. cashier National
Exchange Bank of Dallas. Texas.
Members of the Executive Council at
large-James T. Hayden. president Whit
ney. National Bank. New Orleans; John
SHELTON Williams, president Richmond
Trust Company, Richmond, Va; Arthur
Reynolds, president Des MONIES Na ..,oa
Bank. Des Mones, Iowa; David Sloan.
Homecoming, Md: William 7. Fenton.
v,ce-nresident National Bank of the Re-
public. Chicago.
Tonight an informal reception was ten
dered the visitors in the Palm Garden OF
The st. Charles Hotel.
The two leading candidates for the next
convention are Seattle and San Francisco
The place of meeting is selected by the
Executive Council.
THE TRUST SECTION.
The trust section of the American Bank
ers' Association met this afternoon and
heard reports of officers and several adj
dresses.
Clark Williams, treasurer OF the United
States Mortgage and Trust Company. Of
New York. spoke on More Adequate
Protection Of Municipal Bonds Through
the Certihcation OF Trust Companies.
". o. Kittredge, OF New York, spoke on
..7he investigation and. Audit OF the .Ac-
counts of a Trust Company.
John F. Borne, president OF the Colonial
Trust Company, of New York, was elect
ed chairman Of the section, and Breck-
earidge Jones. first vice-president OF the
Mississippi Valley Trust Company, OF st.
Louis, vice-chairman
The following new members OF the
executive Committee were named:
n Wells, of Providence, R l.; AL
,,er, - 81 E,nright. Of ST. Joseph. Mo-; S..
= Hsrra Of Cleveland. Ohio. and John
s,re1ton Williams, Of Richmond, Va.
The savings bank section was organized
ms : fternoon# with the following officers:
Chairman, AIyron T. Herrick. OF Cleve-
land. Ohio.
vice-chairnan, James tAcsAa nor. OF
Few York.
York. 8