Albuquerque weekly citizen. (Albuquerque, N.M.) 1891-19??, 1906-02-24
LAS VEGAS NEXT
MEETING PLACE
Sc Decided Bankers COuycn-
ton at This Mornings
Session.
PROGRAM Of TOslGHT's BANQUET


bankers association passed 90 he per.
ioCi harmony, barring one incident.
thet referring to membership Of bank.
ers outside az the territory.
Tho constitution af read permitted
ali bankers who arc nonrusidcnts of
che territory nom do plume" mem
herahip. ihai Or the right 20 partioi.
pate in all meetings OF the asaOc.a.
tion, hHi without the privilege OF n
vote
Mr. Hoskins. OF las Vegas. moved
a. an amendment fhaf the bankers of
She towns ul Trinidad. Colo. Ei pas0.
and Amarillo. Texas. De- allowed CD
become members with the same prlvi.
iogoa az members representing New
Mexico huukg. Tor the reason that
hanks in those towns we're Ia aa close
touch WIN Che business interests of
The territory az were the New Mexico
institutions, and 10 seemed 90 be only
pride for Che nnfnc OF the urgauiza.
lion shat prompted many 10 want non.
residents 10 have only honorary mem.
iership.
The vuto on The amendment showed
8 tor and ~ against. hence II was lost,
and The organisation was made OK.
clualvely New Mexican.
Organization chrlstened.
Untf q N MarrUn, ~ this city, OF,
isred the motion naming the aaaocia.
ton the New Mcxlc1 nankera' aaao.
citation, its name waa The Bankers
Association Of New Mexico. Th1 vote
was unPnlmous Tor the motion.
ENecHtive Committee Named.
Tho convention named the follow
ing gentlemen AZ members of the ex
ecutivu cummitloo'
Three Year Term Cashier H AL
Cahoon. Of the First National hank
OF Roswell w d. Murray OF ire sll-
VET City National bank and w. 81
Siricklcr vice president and cashier
81 the Bank nf Commerce. % Aibu-
quorQun.
Two fear ToFm--D. T. TIoakins. Of
che san Miguel National bank. OF
las Vegas; Nathan Jana, Of me Citi-
zcus' National hank, AZ Roswell and
Frank Mckee. cashier OF the First IA. !
tional bank. Of Albuquerque.
One Year Term--ls. ~ Brown. OF
the Bank Of Domlug. Joseph Price. ct
Price Bros, Socsrro. and N. n Jones.
81 the First National bank, Of Santa
Rosa.
Governor DID Not Speak.
The program called for an address
this morning by Governor Hagerman.
New Mcxico'H chief executive was not
present, however, and according tol
2. ~. Wiugo. Of ~ P0so, who break.
tasted With the governor this morn
ing, there wire few chances OF bis
putting in an appearance. Cor Gov
ornor iiagurman Informed Nr. Win.
go that he had not been Invited 20
address tho bankers and asa not know
that DE was expected 90 DO 90 until
that moment
This Mornings Session.
AZ 1918 o'clock this morning Prcsi.
dent Blackwell called the convention
To- order and called upon Rabbi j. n
Kapian Tor prayer After tho divine
dressings bad been Invoked, a dis
cusalon cusued On practical banking
questions.
Taxation o. Banks.
o. n. Marion devoted about Eve
minutes 20 a talk on tho topic 81
"Taxniiou oS Banks" he said that M
present all BANKS were taxed for go
per cent Of their par value. which was
oat OF All proportion 10 the taxation
~ any other property. Ia this county,
Mr Marion said property other than
hanks, was taxed az about 20 per cont
~ its par value, while IN most com
muniiies Ia the territory. It was only
about % per cent This. be thought,
was unjust discrimination, aud should
be remediod. Mr. Marion suggested
that the association make uniform re-
turns as 70 the per value Of rs banks.
say. or 80 per cent. and u the asses
aora enlarged upon these figures. aH
unquostionahiy they would, 10 say, go
a..ir ssanf 40. HnnInf tho ANNA naHaIIN
10 the county board Of equalization.
and then TO the territorial board Of
equalization, la order 20 get the mat
ter properly before the courts. H. 81
ralen thought there was a territorial
law relative 10 this matter. and that
the territorial board had no right to-
have a say az 10 how much banks
should be taxed Mr palcn dld not
approve of tho plan "a hx q uniform
rate, FOR. as he explained. that al
though two banks In one place might
be- capitalized for The same amount,
che shares OF ono might ho many
times higher Do value than che other.
a general discussion then onHlcd, the
result helnR 90 permit matters 20 take
their course until somu future time
whon the association was tribe
older Many were OF the opinion that
the purpose OF the association might
he injured hy assuming an aggressive
attitude while alill an infant. and that
much more could Be accomplished by
waiting a little while
The Next Meeting Place.
Three cities were proposed Tor next
years meeting place. .. n. Marion
extended an Invitation for the aeao-
citation 10 come 10 Albuquerque again
next September, al which time the Ger
ritnrlal fair will he in progress. ID.
r.. Hoshus, OF Las Vegas, spoke In
favor OF bis home city. Mayor Mckee
united with Che las Vegas forces, and
upon bis notion tho clerk east a
unanimous ballot in favor of Las
Vegas ar. Hosklna said that The fair
would be- held there IN september
which would bD an excellent time for
holding tho convention. As tho OK.
ccutlvo committee % vested With the
power % select the time, nothing 10
this reaps1t VAS decided upon by the
convention. IN an probability, Il Will
ho some time during fair week, how
ever.
Communication Read
The clerk read a letter from the
Mexlo0 CITY bank requesting member.
ship and a telegram from the Amcrl'
can National bank M San Franclhco,