The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-09-30
ALL AGAINST 1T.
No Chance for Deposit Guaranty Plan
at Denver

Denver. Colo. Sept 30-Today the
regular business sessions Of the Amer
lean Bankers association opened in
the city auditorium and the vast hall.
which echoed with the cheers of the
Democrats when IN national conven-
ton they adopted q platform favoriux
guaranty OF bank deposits by national
law or IL this is impossible the estab-
hshment Of postal savings banks, viii
be the scene where a body Of men, rep
reSenting the wealth OF the nation viii
repudiate these ideas as dangerous to
the prosperity OF the country Already
the savings bank section, the clearing
house section and the trust section
have gone on record against guarau-
teeing bank deposits and have shown
by their attitude that they are unalter-
ably opposed to the establishment oS
postal savings banks
The key note was struck today in the
speech OF Colonel J. D. Powers, prssi-
dent Of the association, who declared
the bank deposit guarantee was dan
gerouS fauacy- 4 vote on these two
propositions will probably not be
taken before tomorrow, but the feeling
is SO intense among the bankers that
there will be scarcely a speech made
during the convention with the excep-
ton OF the set addresses that Will not
be likely to refer to.them-
The programme for today is a long
one and includes ,kesides the presf-
dents address. addresses cf welcome
by Governor Henry A Buchtel Of Colo
rado, and Mayor Robert Speer. OF Den
Yer, the annual report OF the secretary,
the reports OF various standing COM
mittees and addresses by B. E Walker,
president Of the Canadian Bank OF
NAL Features OF American Banking"
and by Woodrow Wilson, president OF
Princeton university, Princeton. n. J.,
on The Banker and the Nation"
The remainder OF the day VIII be de-
voted TO a discussion Of practical bank
ing questions. Several topics not an
nounced in advance are expected to be
discussed under this head
Bills OF Lading.
The bill of lading committees re-
port recommended two forms OF bills Of
lading for uniform adoption through
out the United States. as recommended
by the interstate commerce commits
sion. The resolution submitted by the
committee states:
That the American Bankers asso-
citation desires TO express its hearty ap-
probation Of the action taken by the
interstate commerce commission and
further that it recommends to its MEM
bers that after January 1. 1909. they
only handle for value order bills OF lad
ing issued by carriers in the United
States on forms recommended by the
interstate commerce commission as or
der bills OF Iadiug. or the so called
clean order bill Of Iading, without con-
ditions. being the form recommended
by the National Industrial Traffic
league to the interstate commerce COM
mission on October Is. 1907"
The annual report OF the treasurer,
A. A. Crane. showed total receipts
from an sources S162.513. Of which
S134. .2S7 was dues from SOFA old mem
bers and SO. .095 dues from s2z other
members 4 balance Of 1882 is shown
besides $4,000 worth OF stocks and
bonds held by the association One OF
the heaviest expenditures for the year.
sse. .O25 was to the standing protective
committee
The report of the protective commit
tee including the record Of criminals
arrested. convicted. sentenced. await
ing trials. bank burglaries, etc, fol-
lowed
The financial statements OF the
American institute or banking and the
various sections of the American Bank
ing association were read
The report Of the committee on bills
of Iading was unanimously adopted