Daily Kennebec journal., 1908-06-22

It ii'itil iIlliuil CoINt ~ NiiN
Maine Bankers Association was held
in Watcrville Saturday and continued
| through Sunday. The members began
arriving by train and automobile
| early in the day Saturday and the
convention was the largest ever hcid.
| The weather was delightful for the en-
tertainmcnt of the guests, who during
their stop in Waterville found many
| things of interest and many ways to
! employ their idle moments. TIL" head
| quarters of the convention was at the
| Elmwood hotel, where there was a sec
| rctary's room and register.
| The business session of the conven-
ton was held at o'clock in the Ma
sonic Club rooms. During the session
| the following officers We're elected:
| President-F. ID. Hill, Bath.
| Vice presdcnt-Charles A. Moody,
| Bi1detord.
Treasurer-Gc George A. Stafford, Hal
| lowell.
Executive committee-H. w. Davis,
| Gulford: f. l.. Smith, Auburn: S. l..
| FORSYTH, Brunswick; c. NJ. Sawyer,
Dexter; Il. B. Moor, Bucksport.
| The following resolutions We're pre-
mittee but were not approved and We're
| laid over to the next annual meeting:
Frederick d. Hill Of Bath, Hascall S.
| Hall of Waterville and George 4. SAT
| ford, who We're appointed at the last
annual convention held at kineo as q
| committee to take UP the matter of
| exchange charges With the Bostcn
| Clearing House, submitted their re-
port at the session of the Maine Bank
crs' Association Saturday at Water
vile. The report in full is as follows:
Waterville, Me, June 20, 1908.
| Maine Bankers Associations:
| Gelllcmen--The committee appoint
cd Iy your association at kineo last
wear to confer with the Boston Clear
| ing House relative to exchange charges
beg leave to report as follows: The
mattcr WAS taken up Immediately with
the Raston Clearing House and was
| about to be brought to Il head when
the ,anic of November and December
| came or. 1t was then deemed best To
| wait until the financial panic had
yursiGe,l. The matter was again taken
TN The latter TART Of April when We
| received the following letter from
Daniel G.. Wing, president Of the First
National Bank OF Boston and member
nf The Boston Clearing House commit
| tee tThr letter stated that tho Boston
| Clearing House committee were I'M
| willing to confer with the Maine Bank
crs' Association commttc, but would
rather have u conference with the
chairman of thc committee, Frederick
y. lIinD
| ltnothcr letter was received later
from Chairman Thomas p. Beals OF
the Hoston Clearing House committee
stating that he would meet Chairman
Hill personally in regard to the mat
| ter)
Subsequent to the receipt of these
letters the committee of three of tho
Maine Bankers Association met ir
conjunction with Il committee of three
of the Massachusetts Bank Cashiers
Association at the Shawmut Nationa
Bank in Boston and drew up y set oI
resolutions which were mailed to Tho
Boston Clearing House committee OF
May a. 1908 The resolutions were as
| follows:
Clearing House Committee. Bostol
| Clearing House Association:
At Il meeting Of the joint committee?
composcd of the three members eacl
frGm the Maine Bankers Association
and the National Bank Cashiers ASSo
citation of Massachusetts held this day
in Boston, it was resolved that where
as there are numerous exchanges ol
dime items under the rules of the Bos
ton Clearing House Association tina
are still burdensome to the New Eng
land banks, and whereas none of th
members of our association object t,
paying for actual expenses incurred il
the collection Of such items, it wa
voted that we protest against such ex
change charges and request that you
Clearing House modify this rule s.
that these charges shall be discretion
airy with the collecting bank
(Signed)
Special Committee Maine Bankers AS
sociati"n Frederick y. Hill. chair
man; Hascall S. Hall, George a. SAT
ford
Special Cnmmittcc National B1nl
C"Shi"rs' Association Of MasSa chusett
i enjamin |. Page. chairman: Cale1
II. brigham. Josiah II. Clifford.
since naailing the resolutions nothing
having iccn heard up to June IL. q let
tor was sent to Mr.. Thomas p. Rcals
chairman Of the Boston Clearing Hous
committee, asking what, if anything
had been done in the matter. and W
received the response saying that Their
EAd not lcen a full meeting of tn
committee since the resolutions wer
received From the above correspond
; eace our associates will see that tn
"Ston Clearing House Association ha
no intention of discussing the matte
of exchange charges, and we refer tn
matter to the association for furthe
action
Very sincerely,
FREDERICK d. HILL,
HASCALL s. HALL,
GEORGE A. Stafford.
Committee Of Maine Bankers ASST
The following prominent Massachu
settS bankers came to the State c
, Maine and We're in attendance as spe
: cial guests of the association: w.