Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911, 1908-05-17
RADFORD HEAD
OF ASSOCIATION
BANKERS CONVENTION is
BROUGHT TO CLOSE
ANNUAL ELECTION OF OFFICERS
HELD
Important Business Transacted at
Final SessIon--Next Meeting
May Be Held at Del
Monte

(dilIoiuid DdlhcTS dSSOCidLiuh az -
special session Of the annual conven-
ton yesterday afternoon, which was
made necessary by the continuation or
the discussion of Friday In regard 10
separating savings and commerclai
banks.
Joseph d. Radford, vice president OF
the German American Savings BANK,
Los Angeles, is the new president of
the association. He was its vice presi-
dent last year. His associate officers
are: II. S. Fletcher, Bank of watson
vile, vice president; r. NJ. Welch, san
Francisco Savings union, secretary
(re-elected); Il. IL. Colburn, San Fran
cisco, assistant secretary (re-electedl;
j. j. Pagan. Croker National bank,
San Francisco, treasurer (re-elected).
New members of the executive coun-
ell: Albert Il. Edwards, cashier OF the
First National bank, Pasadena; Charles
A. Smith, cashier of the Security Bank
and Trust company, Oakland; Z. II.
Hunt. London, Paris and American
bank of San Francisco, and w. II.
High, who was chairman of the nomi-
mating committee.
For the first time In the history or
the California association 1t had this
year the privilege OF appointing Two
members of the American Bankers as
sociation, and the retiring president,
George w. Peltier of Sacramento and
former President J. M. Elliott OF Los
Angeles were elected.
In accordance with the established
custom of the association, Mr. Peltier
was presented with silver loving cup
this afternoon in token of appreciation
of his services as president. L. p. Behr-
ems of Redwood City making the
presentation. Following this Mr.
Bradford took the chair and, after
short speech, conducted the remainder
of the session.
May Visit Del Monte
The place OF the next meeting Will
be decided upon by the executive
council at a meeting held In Decem-
Der. An invitation has been received
to go to Del Monte.
w L. Green of Pasadena. In short
address, brought to the attention or
the bankers the value of good roads TO
a community, and his remarks were
we'll received.
One of the important questions of
the morning session was that OF re-
serves, and, though many opinions
v ire expressed, II was generally agreed
that savings banks reserves should be
large. President Peltier offered
resolution to the effect that any one
circulating or causing to be circulated
false reports about a bank which would
tend to injure its standing be guilty Of
misdemeanor. Some changes were
suggested by Senator Leavitt. who OBJ
jected that in it's first wording II pro-
vided that any one who advised a
friend to. draw his money from bank
might be punished.
On the committee to confer with the
legislative commission on the recon-
mendations of yesterday to appoint
superintendent of banking under whose
charge should be the bank examiners
of the state the following men were
named: Lowell White, San francisco;
Irving Moulton, San Francisco; Mr..
Tognazzi. San Francisco; J. NJ. Hen
derson, jr., Sacramento, chairman; w.
A. Bartlett, Los Angeles; J. C. Drake,
Los Angeles; DR.. Wyatt, Winters; F.
Pellet, ST. Helena; j. Eccleston. Oak
land: c. c. Bush. Redding; Fred W.
West Stockton: r. H. Beamer, Wood
land; l.. A. Blackman. San Diego; L.
III. McAllster. Colusa, and L. Goulder-
finger, Fresno.
The principal address yesterday was
by w. r. Williams, treasurer of the
state of California, on 1.-The Deposit of
Public Funds in Banks"
Fifty automobiles were used after
the close of the convention to convey
the bankers and visitors of the con-
vention about Pasadena. Busch gar
dens and the Annandale Golf club were
visited.
During the afternoon session the
following resolutions of appreciation
and recommendation were adopted:
Resolved, That the gratitude of this
convention to our entertainers, the
bankers of Pasadena, is due and is
hereby most heartily rendered, not only
for their hospitable care so lavishly
bestowed, but also for the mere pleas
ure of being introduced to their most
beautiful city.
Resolved. That we join with the
whole banking and commercial inter-
ests of the United States in urging
upon our senators and representatives
in congress the necessity of some leg
islation which will provide means by
which we may be able to fulfill our OBJ
legation to our customers and the coun-
try in general. That we hope no par
tisan or other feeling will prevent them
in making such examination of sys-
TENS of finance in use in other parts
of the world as will enable them to en-
act laws which will raise our currency
system not only to level but above
that of any other nation in the world.
.Resolved, That the action of the as
ISOLATED banks of San Francisco and
Los Angeles in following the example
of Chicago in the appointment of spe-
cial examiners receives the unqualified
approval of this convention, and 1t is
suggested that each member of the
California Bankers association write
his respective New York correspondent
urging similar action by the associated
banks of New York.
Resolved, That the thanks of this
convention be and are hereby extend
ed to the press for the full and accu-
rate accounts of our proceedings
which have appeared in their columns,