The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
Daily Pgpers AMID Circulation

thusasm each one of you feels Tor you
beloved association, when you think OF 1T
birth and what it has accomplished since
under your fostering care? Has not th'
touching of elbows with your neighbol
broadened your views, has he not glveI
you some new idea, or quickened lntt
| ife some thought of your own, and have
you not gone home from each successive
convention filled with content that you
came and resolved to come again?
What you are accomplishing in your
State Association, you and your brothers
IN other States are excelling If possible
In the American Bankers Association.
feel II not amiss on this occasion to ex
press to my friends before me my appre-
citation OF their generous contribution to
the tide OF good words and kindness
which found expression at the last con
vention of the association in my election
as it's president as much appreciated pro
badly as undeserved.
To more than outline the work of this
Association would, fear, consume more
than my fair share OF your time. In
eight years, from 1895 it has increased its
membership over five thousand, having
grown from fifteen hundred to nearly
seven thousand members.
The work of its protective committee,
which has waged for years relentless
and ceaseless war on bank swindlers, burg
lars and forgers, bears striking testimony
to the necessity for its work. With an
expenditure of many thousands of dollars,
the amount last year being over thirty
thousand dollars, the losses OF members
nave been kept down to minimum, but
the volume of the work done gives con-
Sincing proof of the depredations we
might expect from these knights of the
road" were it not for the charm of the
title sign We all wear over our Teller's
window,-'Member of the American
Bankers Association" The detailed re-
port OF this work appears IN the recently
published report of the proceedings OF the
New Orleans Convention (pages Is to 52N
and | recommend it to your careful Pc
fusal Its length attests its Importance
md the impossibility of my giving you
lere any CT the details.
Several years ago the association ap-
ointed a committee on education, to con
,ider and mature plans for systematic
work along educational lines in banking
.Ircles and the dissemination CT infor-
nation with regard to the requirements
md OBJECTS of the profession.
| have alluded earlier to the first or
ganization of banks. / want to call your
attention to pamphlet few copies OF
which / have handed to the Secretary
What Is Bank - This was issued as
me OF the early efforts Of the Committee
IN Education, and for simplicity and dl-
feetness of purpose in explaining its Oh $
sac II II 9c without n
The efforts OF the committee finally
took definite shape in the establishment
of the American Institute OF Bank Clerks
and over twenty thousand dollars has
been spent on this work. The Bulletin,
the cfficlal organ of the Institute, had
last October, the date oil the last report,
a circulation OF over five thousand copies.
There were twenty seven chapters estab-
iished at different points with total
membership OF over four thousand, anm
COW In the Correspondence School OF
Banking, whose membership is made up OF
members from more remote points where
there are no chapters, there are seven
hundred students studying the profession
by correspondence
/ had the pleasure of dining in New
York in April last with the New York
Chapter OF the Institute, and it was az
inspiration to look into the faces of that
bright gathering of men, mostly young
men, ana TO listen TO as good papers and
addresses as you will hear anywhere. /
have chosen for your information the fol
lowing extracts from the last report:
Referring now specifically to under
takings, one of the most important II
character is that proposed by the Chicago
Chapter This chapter proposes to write
a book displaying the resources and bssI-
ness methods of the United States, book
of facts and not of fancies, and one which
will illustrate as far as possible the uses
Of currency. This book it is proposed to
divide into twenty five chapters each
chapter to be in charge of special com
mittee The chairmen of the committees
are all carefully picked men, each OF
whom has already displayed some ability
to write, and SO far as possible the
chairmen are familiar with the subjects
upon which they are at work. The whole
winter is to be given to the work order
that it may be thorough, and no liked GATE
has been named Tor the publishing OF the
book"
IT should be remembered in discussing
the advantages Of the Institute and the
expediency OF sustaining the work SO
auspiciously begun, that young men are
being trained along the lines OF member
slip in the American Bankers Associa-
ton. Up to date, the American Institute
of Bank Clerks has been distinctlvely
known as a creature Of the American
Bankers Association, and whatever bank
clerks have derived from it they have
understood to come direct from this foun-
tain source.
1t is worth much to the American Bank
ers' Association as an organization that
young men are being thus trained 10
think of it as their alma mater and that
from which they derive substantial bene-
fits. Every bank clerk who is taking
a course in the Correspondence School or
Banking or who is a member Of local
chapter. or who is reader of "The Bull
letin,'' is thus being trained for the high
responsibilities of membership and rep
iesentation in the American Bankers As
ISOLATION"
The Associations Committee on I'M
form Laws has secured the passage OF
the Negotiable Instrument Law in TWEEN