The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1905-10-09
MEN WHO MANAGE
NATIONS MONEY
CONE TO CONFER
Those in Town Repre-
sent Billions of
Dollars.
GET TO WORK TOMORROW
Three Thousand American
Bankers to Discuss Coun-
try's Finances.
GETTO WORK TOMORROW

1 WIN a membership OF over a,Uu, rep
resenting banking institutions in coun-
try hamlets, county seats. small manu-
featuring and commercial towns and
in great Industrial and trade centers.
| the American Bankers Association
| meets here this week TO hold the thirty
| first annual convention since its or
| ganization. Three thousand members
| viii be present when the convention is
| called to order at the National Theater
Wednesday morning.
The tremendous resources represent
ed by these fnanciers may be suggest
ed by the estimate of the secret ary, that
| their aggregated capital, surplus, and
deposits amount to S1I, ,460, ,s75, $40.
Delegates Registering.
The headquarters of the secretary,
James K. Branche. of New York. were
opened on the tenth floor of the New
| Willard at 10 o'clock this morning. and
at noon the secretary and his corps
of assistants began the registration OF
delegates and visitors.
4 special registration Office for the
| members CT the savings bank section
of the association has been established
on the mezzanine floor OF the New
| Willard. while the trust comDany sec
tfOn has made Ike preparations the
same floor with the general Offices.
Mr.. B-anche is greatly pleased with
/
by the local committees for the recep-
ton and entertainment OF the associa-
! tions members and guests
Hotels Full
The principal hotels of the city are
full of bankers. rooms having been re-
served for weeks.
Local bankers and many other resi-
dents are entertaining guests in their
homes. incoming trains. yesterday and
today, unloaded nearly two Thousand
bankers and their wives and daughters.
Having gone from Chicago 10 Nor
folk. Va. in special train Of sump-
tuous equipment. the Windy City con-
tingent is due here this evening on a
Norfolk and Washington steamboat,
which they have practically chartered
Most of them will put I'D al the New
Willard, where the headquarters or the
officers and of the various sections OF
the convention are located.
Leading Men to Talk.
Several important addresses will be
made before the bankers. Secretary
Shaw will make two speeches. one at
the banquet Tuesday evening and an
other before the convention Friday
Frank A Vanderlip. formerly Assistant
| Secretary OF the Treasury, now vice
president of the National City Bank,
OF New York. the Rockefeller institu-
ton, will read a paper "Wednesday
B. Ridgely whose duties have to do
with the supervision OF national banks.
will discuss national bank examination
Represent Vast Sum
The first meeting scheduled is that of
, the savings bank section Tuesday morn
ing This section was organized three
years ago and now has 734 members.
representing s2.25o.oo0.Oo0 of the
81, 600, ,ooe, 600 in savings bank deposits
in this country
A movement is on foot to have the
savings bank section declare for month
llv statements in newspapers showing
their condition. 1t IS felt that this
| branch of banking would be benefited
bv a general exchange OF such infoyma-
ton as will furnish a knowledge az IeaSt
| once month of the savings situation
Robert BIyth, general manager Of
q the Union Bank of Scotland, limited, or
{ Glasgow. will describe the methods OF
banking in use in his country.
Will Have Good Time
After the banquet Tuesday evening.
the bankers viii find the next TWO days
pretty full of social activities.
; "wednesday afternoon President Roose-
: velt will receive the members. In the
n | evening, there VIII De TSCsplton at
! the Corcoran Art Gallery, and Secre-
tarv and Mrs Shaw will receive at the
Arlington Hotel Thursdays program
win include an excursion d>wn the
! | Potomac and an eXhibitic6 cavalry
c and artillery drill AT Fort Myer, the
: | evening being filed with theater par
o f;ee Friday the river excursion and
!, exbibition drill Will be repeated In
| tho evening the District of Columbia
| Rankers' Association viii tender the
. visitors a formal reception at the New
= Among the interesting features of the
!, | week will be the menu cards and souve-
l. Mrs at the banquet. The menu VIII De
; rrinted on facsiIniles of the approved
a | Iypc of gold bond. thirty coupons bear
= ing the details OF the courses. The
souvenir viii be a handsomely engraved
: coupon clipper.
Fine Souvenir Out.
: The local committee has published an
n extensive souvenir book. comprising
/ guide TO the attractions of Washington.
i and series Of papers by Government
autAcrities on banking Among the con-
tributors are Secretary Shaw; Assistant
Secretary of the Treasury Horace a
Tsvlor: Assistant Secretary Charles H
Keep: Commissioner cf Internal Rev
enue Yerkes; Comptroller OF the Cur
- rency Ridsely; Director of the Mint
e George T. Roberts; William NJ Mere
K dith Director OF the Bureau OF Printing
IS and Engraving. and others.
r Few COCKS wiz iinser in Washington
this weet- The association IS probably
a the most relentless prganization in the
y wcrld in its pursuit OF criminals en-
gagged in forgery, bad checks, and bank
iro5berieS-