Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-10-18

I forth that Internationally the evil OF
country checks and par points is and
| has been for some years one OF the
most important subjects which tho
banks have had 10 consider. The re-
port stated that efforts are being made
by the clearing houses Of the country
to eradicate the evil but that many OF
tho clearing houses have poor systems
Of rules looking toward the accom-
plishment OF this result some OF them
being without even an effective organ
Ization and the committee believes that
the work should be carried out on
broader lines and more scope.
The report of the bill of lading COM
mittee was presented by Chairman
Lewis f. Plerson, president OF the New
York National Exchange bank, New
York City. The report dealt with the
methods OF handling bills Of lailng by
banks. and recommended that there be
presented 10 Congress In December
amendments 10 sthe rate bill to follow
the existing bill OF ladlng clause, that
win provide negotiability for bills of
lading when issued In negotiable form,
and also define the rights and liabili-
ties Of the parties thereto, 10 the ex-
tent necessary TO safeguard the rea-
sonable rights Of those advancing value
upon such documents with due regard
to the nature OF business and relation,
rights and duties OF the carrier.
resolution was adopted that the
secretary of the association be directed
To mall within 80 days To all bankers.
members or Congress, each clearing
house association, chamber Of COM
merce. board of trade and shipping as
ISOLATION In the United states copies Of
the report Of the bill Of lading commit
tees and that every banker be urged TO
use his best efforts TO secure the adop-
ton by Congress Of the committees
recommend ton.
Mr.. Yeljiro Ono. superintendent of
aggncies, Bank of Japan. was intro
duced and addressed the convention on
the topic, Some financial aspects OF
the late war;
The delegates who had been patiently
waiting for the currency reform ques-
tion TO be brought up were brought TO
their feet protesting at 1880 O'Clock.
when President Hamilton announced
that the theater would have TO be va.
Gated IN 20 minutes, owing to the man
agement desiring to prepare for the
afternoon matinee performance, post
poned from yesterday. After some dis
cussion. the whole subject OF currency
was made an order OF business at 10
o'clock tomorrow morning.
Mr.. Charles J. Haden. of Atlanta, an
attorney, was then introduced and made
an address on the topic, "A plea for the
cotton fields"
The amendment TO the constitution
presented by William George, president
OF the Second National Bank OF Aurora,
which threatened to become bone OF
contention yesterday, was by unani-
nous vote laid over for another year.
Following Mr., Haden's address, u. D.
Durham OF Onarga, H., introduced the
following resolution, which was adopt
ed:
THAT the executive council of the
American Bankers association ap-
point a committee with power to act,
whose duty It shall be to gather evil
dence OF the breaking Of the inter-
state commerce law by the express
companies In doing banking business
and place same before the Interstate
commerce commission with the ayowed
intention OF compelling said express
companies to discontinue the banking
business; Furthermore, that the execu-
tive council of the American Bankers
association be authorized to place such
funds as they may deem advisable In
the hands OF the aforesaid committee
for the purpose Of collecting and pre-
sentng such evidence"
Adjourned until tomorrow.