The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-09-10
Relation of the Commonwealth TO
the State Financial Institutions
Discussed IntelligentIy.
NO FIXED MEETING PLACE
CONVENTION OPPOSES SELECTION
OF INDIANAPOLIS.
Comm ittees and ResoIutfons-South
Bend Women Who Assisted in
Entertaining the Visitors.

Special TO the lndians polls Journal
SOUTH BEND. Ind. Sept. 9.-The initial
business session of the Indiana Bankers
Association opened promptly at 10 o'clock
this morning i'm the banquet hall OF the
Oliver Hotel. r. L. OHair. OF Greencastle,
president OF the Central National Bank of
Michigan City. called the body TO order
with few appropriate remarks. Rev ELI
Phillips Bennett. pastor OF the First NJ. K.
Church.. of this city, offered the invoca-
tion and the Hon. L. ]. Fogarty, mayor OF
the city. welcomed the visitors. President
O'Hair followed Mayor Fogarty with his
annual address.
S. r. Flynn, president Of the Live Stock
Bank of Chicago, thoroughly explained the
oountry's financial conditions in an eloquent
and pointed address entitled Where Are
We?''
Secretary Andrew Smith, assistant cashier
of the American National Bank, of Indian
apolis. and Treasurer C. +. Coffin, president
of the Central Trust Company OF Indian
apolis, made excellent reports relative 10
their departments. as did also the vice
presidents OF the various districts. A num-
ber of timely suggestions and recommends
tions relative to preventing frauds. such as
raising checks and misdemeanoT. were
made.
Secretary Smiths report shows e36 bank
ing institutions i'm Indiana, 157 national. LA
state, 800 private and So trust companies.
There are Ais members of the association.
-with 22i-b banks and trust companies still
Unidentified with the association. The last
report showed a membership of 364; or
these twenty-one failed TO pay dues. The
presidents efforts added seventy-two men,
bers since April l6. The present member
ship is the largest by fifty in the history
of the association, including practically
two-thrds of all banks OF the State. The
report suggested that a directory be issued
so the members can have a preference I'm
business and that postal cards giving de-
scription of counterfeit be mailed TO each
member as soon as discovered and de-
scription Of swindlers be sent To the secre-
tary so each member can be notified. Bank
money orders should receive more atten-
tion so that the public may be encouraged
in buying bank money orders instead OF
patronizing the postoffice and express COM
panies. The report also conmplimented the
members of the association for faithful
work in the Legislature that prevented the
passage OF any measures detrimental to the
banking interests
The report of Treasurer c. E. Coffin
showed receipts of S2.749.94; disbursements,
s1,S0S.s1; cash on hand SS41.l3.
POLLARD NOT PRESENT.
Ex-Auditor OF State William II. Hart de-
livered an able address on THE Relation OF
the Commonwealth to the State Financial
Institutions. j. A. L. Pollard, OF TT. Madi-
son. Ia, who was to have spoken on Rub
Der Currency" was unable to be present
John Perrin, OF Indianapolis. introduced
the following resolution, which was unan-
imously adopted:
''rhat this convention appoint a commit
association
confer and act in conjunction with like
committee appointed by bankers associa-
mttees as that appointed by the Chicago
Bankers Club, with the purpose OF follow
ing all proposed federal legislation chang
ing the present banking law affectisg
banking interests and take such action as
III their judgment circumstances require"
The chair appointed this committee
John Perrin, V. T. Malott and ]. p.
Frenzel OF Indianapolis: c. II. Worden.
of FIT. Wayne, and J. H. Cutler, OF Evans
viIe The following resolutions, approved
by the executive council, were also unan-
THAT the association recommend 10 the
coming Legislature that the three days OF
grace be stricken from the statutes. also
that the paper maturing on a holiday be
payable the following day.
''That the presidents and vice presidents
of the association shall hereafter be ex
T. H. Davis. cashier of the First National
Bank of Aurora. offered the following reso-
luton, which created no little discussion In
the convention hall and was finally voted
down. Charles II. Lindsey. of this city.
leading the argument against st.
THAT while We appreciate the generous
hospitality extended TO us and the splendid
entertainment afforded US by the bankers
and citizens Of our smaller cities. who have
so kindly invited us 10 hold our annual
meetings with them. with all due courtesy
we believe the best interests of the Indiana
Bankers Association can best be subserved
by holding our annual meetings In the city
of indianapolis: therefore, be IL
Resolved. That in view of sthe fact that
Indianapolis is centrally located. easy OF
access from all parts of our State. and
possesses every facility for taking care or
and entertaining bodies OF this kind. that
the executive committee of this association
be and is hereby instructed to hereafter
arrange for holding the annual meetings OF
this association in that city. unless there
for going elsewhere.
COMMITTEES.
The president appointed an auditing COM
mittee OF the following persons: w. W.
Layton. Covington: c. III. Worden, Fort
Wayne; w. F. Morris, Pendleton.
The following committee on nominations
was appointed, after which the business
meeting was adjourned until Thursday
morning: A G. Lupton, Hartford City.
Jonce Monyhan. Orleans; w. c. Thomas.
Logansport:. C. III. Church. Muncie: +. l..
HoIlingsworth. Rensselaer,.
This forenoon the women OF South Bend
appointed a committee TO entertain thu
visiting women and took the latter ON
street ear rides and 10 points OF interest
i'm the city. among them the Indiana Club.
This afternoon the visitors inspected some
of the factories. The womcn's COMMITTEES
consisted OF Miss Elinor +. Long. chair
man. Mrs Carrie Adler Mrs. Samuel NJ
Chord. Mrs Frederick s. Fish, Mrs. Charles
II. Harper. Mrs. NJ. j. Hickox. Mrs. Otto
M. Knobleck Mrs. 4. Louis Kuhns. Mrs.
Frederick A Miller. Mrs Harry G. Niles.
Mrs. George l.. O'Brien, Mrs. Charles G.
CONTINUED ON PAGE 4. COL 81