Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1905-10-14
AMERICAN BANKERS ASSOCTA
TION MEETS.
Great Gathering at washington-A
Scene of Resplendcnt Beauty
Savings Bank Section--Rich
mond Bank Represented.


Washington. d. c.. oct. 10. 1905.
The American Bankers Assocfa-
ton viii hold its sessions in this ci-
" commencing to-day. AMI the cap
ftal Of the nation is at its disposal
Delegates are crowding in and everv
train brings its quota of the fnan-
ciers of the country.
The New Willard, the finest hotel
in the city is the headquarters OF
this powerful organization. III IS
A magnificent place. with it's gifded
frescoed w1''s and ceiling. it's nurn-
erous electric lights and its magnif-
cent fittings of every description.
No where within the confines OF
thot palatial cdiGce is there to be
seen colorcd man. not even as a
servant. To-day one only was ad-
mitted and stood in line with tho
army OF white bankers. awaiting
their turn 20 register and 90 secure
Bankers buttons and an OK the 9th
er invitations accorded the members
OF the American Bankers Associa-
uon. This coio4od man, was John
Mitchell Jr. president OF the Me
chanics Savings Bank Of Richmond.
Now and then he was REGARDED
with curiosity, but the steady stare
was absent and after securing the
necessary credentials hc left for tine
Shore ham Hotel where the sessions
OF the Savings Bank Section of the
American Bankers Association took
place at 1880 A. A. The invita-
tious extended 10y the local commit
tee embraced trips TO Mt Vernon.
Fort Nycr. q play at the palatial Now
National Theatre. Reception at the
Corcoran Art Gallery, Reception of
the Secretary Of the Treasury and
Mrs. Leslie NJ Shaw and Reception
&C the White House.
Money is not being spared and
the cost OF the entertainment is es-
timatod at tS1S.O0Oj eighteen thous
and dollars. The Savings Bank
section was called 20 order at 1880
this morning by the Chairman. Col
Charles +. Sprague. president of
the Union Dime Savings Bank lnsti-
tuition OF New York. Many white
ladies were present being wives OF
the bankers. Prayer was offered by
Rev. j. Al. Schick pastor of the Grace
Reformed Church OF which Presi-
dent Roosevelt is communicate
a fciCitous but brief address was
delivered by b. r. Saul. Esq. pres
ident of the Home Savings Bank
and chairman of the Savings Bank
Committee of Washington Bankers.
The response by Chairman Spraeue
was timely and appropriate. lie de
livcred most practical annual ad
dress. Owing TO the meeting of the
Cabinet at that hour Hon. Leslie NJ.
Shaw was unable 10 be present.
Hon. w. b. Ridgely, Comptroller of
Currency discussed the subject OF
L AnrnFn Hf.rfs. u III
20 urge Congress to pass a law pla-
cling Savings Banks of the District
of Columbia under the Comptroller
of Currency.
Mr.. G.. Byron Latimer, chairman
made the report for the Executive
Committee 4 vote of thanks was
rendered the Comptroller OF the
Currency for his address. Secretary
Wi-.iam Hanhart made an excel ent
report. He stated that the present
membership of the Savings Bank
Section was 734. and that il repre-
sented capital aggregating ($2,150,
O00,0OO) two thousand, seven hun
dred ana fifty million dollars. An
address entitled, Proposed Legisla-
tion in Ohio, by Mr.. N Henchman
Davis. owing TO the unavoidable
absence of the writer was read by
Secretary Hanhart. A recess was
taken at u o'clock
The body recOnvened at 2 p. NJ
The discussion of the subject of
Accounts opened in two names" fol
lowed. Mr. Peyton of New York
explained the mater, while gentle
men from Ohio, Pennsylvania ana
other sections expressed opinions.
The speech of John Mitchell, Jr,
the onIy colored delegate present ere
ated most favorable impression and
caused much laughter by his quaint
humor in discussing the subject, and
was loudly applauded at the close
of his remarks. His concluding ad-
vice, when you do not know what
to do, do nothing" was followed by
the Section and the recommends
tions of the committee we're ac-
cordingly not adopted.
After the election of officers the
body adjourned and the delegates
were invited to the front OF the
Shoreham Hotel where the group
was photographed.
Among the delegates were Mr.. G
c. Parksdale. Assistant Cashier
First National Bank of South Bos-
ton, Va. and Mr.. William +. Fow-
Ter. president of the American Ma
tional Bank of Graham, Va.
Washington, d. c.. Oct. II, 1905.
The American Bankers Associa-
tion met this morning at 10 O'Clock
at the New National Theatre. the
falling rain made the city dreary,
but the inside OF this magnificent
play house was a scene OF transcen
dant beauty and perfect loveliness.