The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1908-09-29
BANKERS IN SESSION
Annual Convention Of America in SEES
sion al Denver.

Denver, Sept 2S.--More than 5000
bankers, representing all classes OF
financial institutions and every state
in the Union. will assemble here this
week at the Gath annual convention OF
the American Bankers association.
Hundreds of delegates are already
on the scene, and II is evident from
their conversation In the hotel corri
doris that the liyllest session since
the memorable one of 1896 is expect
ed This year the guaranty of bank
deposits, probably will be the princi
pal topic of discussion. Another sub
iect that will be discussed at length
is that of currency The association
was not satisfied with the Aldrich cur
rency bill.
The currency commission of the
American Bankers association, which
drafted a measure Of It's own to see
It rejected by the leaders of Congress
will make its formal report at next
Thursdays session, and delegates
then will be given an opportunity to
express their views on the subject.
The reports of the legislative com
mittees and the committees Oh ex.
press companies and bills of lading.
which will be made az The opening ses
sion on Wednesday vii present other
topics of general interest.
The association has been irving for
! several years to prevent the express
companies selling money orders
while the alleged failure of the rail
roads TO safeguard bills Of lading al
so has been the subject Of much con
tention, both in the courts and before
Congress, and the interstate com
merce commission II Is practically
certain that the convention will EN-
power these committees to continue
their respective contests.
J A number OF speakers of national
prominence will participate not only
IN the sessions of the convention
proper which will be held on Wednes
day and Thursday, but also of the say
ings bank and trust company sections
on Monday and Tuesday. Pierre Jay
bank commissioner of Massachusetts
will deliver an address at the meeting
of the savings bank section, and the
| proposed postal savings bank law
will be analysed In the report of a
special committee appointed for that
! purpose. THE effect Of the recent
panic on the eastern savings banks"
will be the subject OF a paper by John
c. Griswold of New York.
The local committee of bankers has
made elaborate preparations for the
comfort, convenience and entertain.
ment of the delegation and guests. A
banquet, reception, a sightseeing
automobile ride and an all day tril
20 the crest OF the Continental Divide
are among the entertainments thai
have been arranged for the visitors
All the railroads have allowed reduc
ed fares to and from the convention
from various sections OF the country
The membership of the American
Bankers association embraces practt
cally the entire financial fraternity O
the United States. II was formed a
Saratoga, \. Y. in 1875. at a conve1
ticn al which 80 states were represeI
ted by 349 delegates. Its growth ha
been steady, and AT times very rapid
the total membership today beinl
9S03 national. state and savings bank
and trust companies and private bank
ing houses.
The last fiscal year mas been one o
the most successful in the history o
the association. While 69l member
were lost trough withdrawal, conseh
dation, liquidation and failure, I24
were added TO the roll, making a ne
gain OF $50 for the year.