Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-25
MEN Who HANDLE S S
Meeting of the American Bank
ers at Atlantic City.
THE THIRTY-THIRD ANNUAL
Important Questions on Currency to
Be Discussed.
ELABORATE PROGRAM PREPARED
Over l, 900 Members Arrived for Par
ticipation in Proceedings-Promis
to Be Great Success.
THE THIRTY-THIRD ANNUAL
ELABORATE PROGRAM PREPARED

ATLANTIC CITY N. j.. September %
With many important questions to be dis
cussed. among them the present currency
system, the American Bankers Associa-
ton today opened its thirtythird annual
convention in this city.
/ The convention promises to be one of
the most successful ever held by the as
ISOLATION. both as to attendance and the
character Of business to be disposed Of.
More than sixteen hundred members have
arrived to participate In the proceedings.
The chief feature Of the convention will
undoubtedly be the discussion Of the cur
rency question, and much interest Is shown
In the report OF the associations currency
commission. which will be read at tomor-
rows session by A. Barton Hepburn of
New York.
Yesterdays Sessions.
The sectional meetings were held yester-
day. when those branches devoted to trust
companies. savings banks and clearing
houses met and discussed matters pertain
Ing to banking. The section on clearing
houses held brief session. and the mat
tiers discussed were purely Of a technical
character and devoted to clearances. The
banks held extended sessions. and a num-
Der of papers were read and discussed.
Prior to adjournment the sections elected
the following officers:
Trust company sections-President, Philip
s. Babcock. New York; vice president, A.
A. Jackson .Phila delphia: secretary, James
Branch. New York; members Of the execu-
tive committee. U. II. McCarter. Newark.
N. j.; Hamilton A. 8. Post. Baltimore; Ar
thur Adams, Boston; Fl. G. Lloyd. Phila-
delphia, and l.. L. Gillespie New York
. Savings bank section-President. Lucius
Teter. Chicago; first vice president. J. II.
: Tnhn Hat
hart. New York: members Of the execu-
tive committee E. L. Roginson, Baltimore:
j. II. Haas. Davenport Iowa, and H. A.
Oren. Beloit. Wis.
. Both sections also elected a number of
vice presidents.
At the afternoon session of the trust COM
pany section a resolution was adopted
piedging the members to endeavor to Sc
cure legislation which will prohibit the in
discriminate use Of the word trust as
applied to banking institutions. At the
closing session Of the trust section a num-
Der Of topics were introduced for Discus
sion.
During the meeting 1t was reported that
the membership OIL the trust company sec
ton Is S46 1872 trust companies having
Joined the section during the last fiscal
year.
The afternoon session of the savings bank
section was devoted to discussion of the
papers read at the morning session. The
subject which attracted the most attention
was that on Postal Savings Bank" AS
the result of the debate resolution was
adopted that committee be appointed to
investigate the question of postal savings
banks in limited territory, the deslrability
of a government savings bank commission
and to recommend to the executive COM
mittee Of the body such action as is
deemed proper to promote the usefulness
and safety of postal savings institutions
The section has a membership of 47
savings banks and 377 trust companies, ma
tional banks and state banks which have
savings departments.