Evening capital. (Annapolis, Md.) 1884-1910, 1904-10-27
WELCOMED BY THE GOVERNOR
MARYLAND STATE BANK
ERS' ASSOCIATION
Convened Today In The Old Senate
Chamber - Mr.. Munroe's
Happy Address.

A busy day this has been for the del
egates to the State Bankers Associa-
ton convention. From early morn
ing till late at night the delegates.
their wives and daughters and all who
are participating with them in the
pleasures of the day were on the scene.
The smoker given the delegates al
Carvel Hall last night was great sue
cess and many were the interesting
and witty remarks made.
Mr.. William Marriott, cashier of the
Western National Bank, of Baltimore,
made pleasing address. Early this
morning the delegates and their
friends we're on the scene. Many foot
excursions were made to the various
sections of the city and points of in
terest. Long before IL O'Clock, the
time set for the opening of the first
days session, the delegates appeared
at the Capitol building. The old Sem
ate chamber had been prettily and
tastefully decorated for the occasion.
large silk American flag had been
spread across the Speakers desk and
hung in portals at either end. AT
either end of the side desk were
statuettes of Charles Carroll and John
Hanson. They were kindly loaned
the convention by Mr.. Dougla
Thomas, of Baltimore.
Arrangements had been made to care
for an attendance of 100 persons, but
this was found entirely inadequate.
o her seating facilities were required
long before the session was called to
order. Practically all of the delegates
were present, when, at ii O'Clock Pres
ident II. II. Haines, president of the
National Bank, of Rising Sun, called
the session to order. His opening adj
dress was brief, but interesting and
OK expressed in most fitting terms the OBJ
jects of the convention and the asso-
citation. Rev. Joseph p. McComas,
rector of st. Anne's Church, delivered
the invocation. When the Governor,
the Hon. Edwin Warfield, appeared
before the assemblage he was greeted
it'll prolonged and enthusiastic APP
plause. Another outburst greeted him
when he stepped to the front of the
rostrum TO welcome the bankers in be
half of the state. He was frequently
interrupted with prolonged applause.
His address was as follows:
THE GOVERNOR S ADDRESS.
Mr.. President, Ladies and Gentle
men-This ancient chamber has been
the scene of many noted events. The
story of its hundred and thirty years
of existence is exceedingly interesting.
but shall not now dwell upon the
hallowed memories that cluster
around it. take it that you have not
come here to revive historic recollec-
tions, but to interchange views and
to discuss questions TO tile great
branches of business that you repre-
sent
Many bodies, legislative, patriotic
and religious, have assembled in this
coDsecrated room, but none more in
fuential than this Association OF
Mary land Bankers. You are the finan-
cial agents of the people and the great
est commercial power in our state,
having the custody, the investment
and the control of over two hundred
and twenty millions of dollars.
This vast sum is made up of $50,
600, 900 of capital, surplus and undi-
vided profits of the eighty eight ma
tional banks and of the state institu-
tions and trust companies, and $40,
600, 600 deposits in the savings banks,
making this grand total of money un-
der your management.
Yours is a grave responsibility,
sacred trust, one that calls for the ex-
ercise of the greatest care. the greatest
pains, the greatest .watchfulness-so
you will pardon me if admonish you
always to live up to the requirements
of the laws creating your corporations
and defining their powers and limita-
tions. The history of the failure of
financial institutions teaches us that
their downfall can be traced to vio-
lation of charter powers or the regu-
Iations prescribed by administrative
authority for their guidance.
The credit of our state stands high,
and her banking institutions have been
noted for their stability and conserva-
tive management. Let it be your pur-
pose to preserve this splendid reputa-
ton.
You are leading features in factors
in advancing the welfare of our Com
monwealth, and your corporations
contribute largely towards the expen-
ses of our state government. Last
year they paid into the state treasury
over $3.50, 600 in the way of taxes upon
capital stock and real estate. If You
add to this the amount paid for local
taxes. it will make an aggregate of
over half a million dollars which has
been contributed by the institutions
you represent for state, county and
municipal expenses. Therefore, you
should be interested in the manner in
which the affairs of the state are adj
ministered. You have a right to ex-
pect that they shall be conducted
with economy and upon business prin-
ciples.
Since have been Governor / have
put in practice methods similar to
those that prevail in the institutions
that you manage and direct. How
well this has been done is not for me
TO say. You should know how tho
money you contribute for administra-
tive expenses is disbursed. The keys
of the executive and financial depart
ments are awaiting your pleasure. and
the books are open to you. As an
AnnapoIitan / extend to yOn q genuine
Maryland welcome. The doors of
our homes are wide open to you. The
city is yours, and especially the Ex-
ecutive Mansion. ask that You will
give Mrs Warfeld and myself the
pleasure of receiving and welcoming
you there tonight.
He was followed by Mr.. James
Middleton Munroe, who welcomed
the visitors TO the city in behalf of
the city Of Annapolis. His address
was delivered in the speakers most
pleasing manner and happy vein and