Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-10-14
Have Attended The 3|st
Annual Convention.
Last Day Concludes With An
nuaI Election Of Officers
And Discussion of Practical Banking Prob.
Iems-.Insurance System Advocated.

Washington, Oct. l3.--The 3lst an
nual convention of the American Bank
ers Association ended, today, with ms
record Of having been the largest at
tended ana most successful from buS-
mess standpoint in the history OF the
Association. The registration OF arrlV-
ing members continued until today,
when the total of 3400 was reached.
At the conclusion of the convention
the newly elected executive council
held a meeting for organization. }. d.
Powers. president of the Union Trust
Co. Louisville. KY. was elected CHAIR
man. James r. Branch of New York.
vas reelected secretary for the 18th
time.
MANY bankers left for their homes
during the afternoon.
The following We're elected officers of
the American Bankers Association:
President, John i. Hamilton, Hopes
town, Ills; first vice president, c. s.
Whitson, New York City: members of
the executive council for term OF
three years: George NJ. Reynolds, Chi
c.; ]. l.. Edwards. Burlington. Ia; H.
cago; Milton Z. Allies, Washington, ..
L. Wilcox, Baltimore: J. ]. Sullivan,
Cleveland.
The following five additional mem
bers Of the executive council were
elected, having been nominated by tho
vice presidents of states: Joseph Chap
man, Jr.. Minneapolis: A. G. Lupton.
Hartford City, Ind; H. P. Hillyer. St.
Louis: +. \. Pnrson. New York City,
and J. G. Brown, Raleigh, n. c.
Vice presidents for each state and
territory were chosen, among them be-
ing:
Maine-C. L. P3rcher. York
Massachusctts-H. NJ. Batchelder,
Salem.
Discussion Of practical banking
questions was opened by c. L. Allis. of
the Second National Bank of Erie, Pa,
who advocated a system of insurance
for national bank deposits. Mr.. Allis
said the fact must be recognized that
there u an underlying current of mis-
trust Of banks pervading every COM
munity. Mr. Allis thought that the
government should supervise this In
surance Tho discussion was continued
by other members. one believed 4
surety company should do the iu&ur-
ing.
Mr.. Robinson of the First National
Bank of Winfield. Kas., believed that
a strict observance Of tie national bank
act would obviate many failures. He
limited that in many instances loans
We're made in cXCe&S Of legal restriC-
tons. The discussion ended without
action by the convention. Harvey l..
Goulder Of Cleveland then made an
address or Our Commerce.
The savings bank scCtion Of the as
ISOLATION presented q protest at not be
ing allowed representation on the exec
utive council through 9 nomination.
made and then withdrawn. The nomi-
nation Of tie newly elected president
of this section. Edward f. Duff Of
Pittsburg, was made by the retiring
president Of tie section. Charles
Sprague. who said that the section had
votes enough to displace one of the
four men nominated by the nominal
ing committee and substitute that Of
MI Duff It was desired to do this
however. but simply give notice that
in the future the savings section dc
served and demanded recognition. The
name of Mr.. Duff was then withdrawn
III commenting Oh inc nomination,
President Swinney remarked to til"
convention
L believe Mr.. Sprague's speech is.
for the good of the association. We
are getting too much politics in the
convention"
BY resolution the association re
scented frequent alleged reports that
the convention placed noted GRIM
| inals on salary 10 prevent their
continued fraudulent operations. No
such arrangements We're over made
With wrong doors. it was declared.
| Silver punch bowls were presented Mr..
| Swinney. the retiring president, and
Mr.. Branch, the secretary of the assoc
citation, upon the completion Il hi3 10
| wears service in that position.
4 committee of five on banking leg
| islation was authorized. The ncwl,-
elected officers Of the association werc
| installed. the usual resolutions ~
| thanks adopted ard tic convention al
| journed sine die. at 1899 O'Clock
S0TTTH CHIN A