Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911, 1908-05-14
PLAYS HOST TO
STATE BANKERS
PASADENA WILL ENTERTAIN
NOTED FINANClERS
ATTENDANCE AT CONVENTION
WILL BE LARGE
Elaborate Program Has Been Ar
ranged and Addresses by Distin-
guished Visitors Promise to
Be Full of interest


Special to The Herald.
PASADENA, May 13,-The opening
session of the fourteenth annual con-
vention of the California Bankers as
ISOLATION will be called to order by
the president, George w. Peltier, at
1920 o'clock tomorrow morning. In
the opinion of Assistant Secretary f.
II. Colburn the attendance will be the
largest in the history of the organi-
cation.
"There are four reasons for this"
says Mr.. Colburn. "In the first place
the membership of the organization is
rs per cent larger than it was last
year and double what it was in 1905
1t has grown from $50 to 4S0 during
the past twelve months.
''As a second consideration there are
the conditions under which banks and
bankers have labored during several
months of the year, and on account of
this period of financial stress the in
terest attaching to the deliberations of
the bankers of the state is much aug
mented.
ain the third place there are special
features important enough to make
convention in themselves, the chief
of which is the joint session which the
legislative commission on reform in
state banking laws will hold with the
association The question of reform
in the banking laws is of high import
ance and undoubtedly will provoke
spirited discussion by the delegates,
as also will many of the other ques-
TONS Almost as great will be the in
terest shown by the bankers in the
discussion of the formation of clear
ing house association by the interior
banks for the purpose of maintaining
Independent bank examiners and in the
discussion of the true status and func-
tons of trust companies
"As a fourth reason why the attend
ance will be large l would say that the
bankers throughout the state look
upon Pasadena with favor and are
anxious to see the City Beautiful, of
which they have heard so much.
'My only regret at this time is to
have to announce the fact that K. NJ.
Welch. the secretary of the associa-
ton, cannot leave his duties to be
present. He has held the position fif-
teen years"
There will be a meeting of the eX-
ecutive council at $3.50 o'clock tomorrow
morning. Its members. including the
officers, are: F. L. Lipman. chairman;
t. Harrington, w. c. Patterson, John
F. Brooke, Charles A. Edwards, E. p
Foster, H. S. Fletcher, o. ]. Wood
ward, w. D. Woolwine, George w.
Peltier, Joseph D. Radford. ]. j. Fa-
gan, r. NJ. Welch and F. II. Colburn
What the Program includes
The official program for the three
days of the convention includes:
First day, Thursday, May IA, morn
ing session-Address of welcome by
Hon. Thomas Farley mayor of Pasa-
dena; response by James X. Lynch,
vice president First National bank, San
II nv
George w. Peltier, vice president CAL
ifornia National bank, Sacramento: re-
port of chairman of the executive coun-
Gil, F. l.. Lipman, vice president Wells
Fargo Nevada National bank. San
Francisco; report of secretary, r. NJ.
WEIGH, assistant cashier San Francisco
Savings union, and report of treasurer,
J. ]. Pagan. vice president the Croker
National bank, San Francisco.
In addition to the foregoing the fol-
lowing business is scheduled: Report
of committee on contributions for relief
of earthquake sufferers; report of dele
gates to American Bankers association
convention at Atlantic City, 1907. by
w. r. Pentz. assistant cashier Bank of
California, San Francisco; report of
protective committee, r. NJ. Welch,
assistant cashier San Francisco Saw
ings union; report Of committee on
bills of ladng, Stoddard Jess. vice
president First National bank, Los
Angeles: address on "Financial Crises:
Is Panic a Necessary Consequence"
by Hon. Lyman J. Gage, eX-secretary
of the treasury, and appointment of
committees on resolutions, auditing and
nominations.
In the afternoon the convention will
be called to order by the president at
o'clock and the following addresses
will be given: Banking Law by Jus