Omaha daily bee., 1908-09-28
BANKERS MEET IN DENVER
Session of American Association Will
Begin Today.
BANK GUARANTY MAIN TOPIC
Currency Commission of National
Association win Make Report
Notable Mer ia BE In
Attendance.


5000 bankers representing all classes of
financial Institutions and every state in
the union. will assemble here this week
at the thirty fourth annual convention of
the American Bankers association. Hun
dreds of delegates are already on the
scene and IL Is evident from their con-
versation in the hotel corridors that the
liveliest session since the Cmorable one
of 1895 is expected. This year the guar
anty OF bank deposits probably will be the
principal topic of discussion. Another
subject Of vital interest that will be dis
cussed at length Is that of currency. The
association was not satisfied with the
Aldrich currency bill. The Currency COM
mission OF the American Bankers asso-
citation, which drafted measure Of its
own only TO see it rejected by the lead
ers of congress. will make its formal
| report at next Thursdays session and
delegates then will be given IN opportunity
to express their views on the subject,
Bills of LNdinR.
The reports of the legislative commit
tees and the committees on express com
panies and bills of lading, which will be
made at the opening session on Wednes-
day, will present other topics Of general
| interest. The association has been try
/
press companies selling money orders.
while the alleged failure of the railroads
to safeguard bills of lading also has been
the subject of much contention, both in
the courts and before congress and the
| Interstate Commerce commission. 1t is
practically certain that the convention
will empower these committees to con-
| tinue their respective contests.
A number of speakers of national prom
! inence will participate not only in the
| sessions of the convention proper which
will be held on Wednesday and Thursday,
but also of the Savings Bank and Trust
company sections on Monday and Tues
| day Pierre Jay. bank commissioner of
! Massachusetts, will deliver an address at
the meeting of the savings bank section
I and the proposed postal savings bank law
will be aualyzed in the report of a spe-
cial committee appointed for that pur-
pose. THE Effect of the Recent Panic
on the Eastern Savings Banks" will be
| the subject of a paper by John c. Girls
void of New York. Governor Henry A
| Buchtel of Colorado and President Will
liam r. Hughes of the Continental Trust
company of Denver will deliver the ad-
dresses of welcome to the trust company
| delegates.
Some Notable Speakers,
Among the speakers will be Brecken-
! rldge Jones OF st. Louis, who has chosen
for his subject "The Trust Company: A
Necessity" F. II. Fries OF Winston.SaIsrn.
n G., who Will discuss "Radicalism
Against Conservatism" and Lawrence L.
Gillespie OF New York, who will speak on
New York City Trust Companies Under
present Legislation" A general discus
sion of What Lessons for the Trust
iRg ID
| Panic" will also take place
| Governor Buchtel and Mayor Robert w
speer Of Denver will speak at the OPEN
! ing session of the convention proner
Wednesday morning and the rest of the
time up to the noon recess will be de-
voted to the reports OF the officers and
the various committees. In the after
noon Woodrow Wilson. president of
Princeton university, will speak on "The
Banker and the Nation" and B. e. Walker.
president Of the Canadian Bank OF Com
merce, will discuss Abnormal Features
OF American Banking" On Thursday the
principal addresses will be Vital Issues. -
by Alexander Gilbert, president Of the
New York Clearing house and Con
servation of Natural Resources" by Con-
sresShan Joseph (. Ransdell. OF Louis
lana.
. y
ecutiVe council and the clearing house
section on Monday, at which matters ~
Importance to the association itself will
be settled
Entertainment to he Elaborate
The local committee of bankers has
made elaborate preparations for the com.
rort convenience and entertainment ot
the delegates and guests A banouet !,
reception, sightseeing automobile ride
ana an all-day trip to the crest of the
continental divide are among the enter.
talnments that have been arranged for
the visitors. All the railroads have al.
lowed reduced fares to and from the con.
Vention from various sections OF tbe
country
Inc membership Of the American Bank
ers' association embraces practically m
, entire financial fraternity OF the Unite,
States IT was formed at Saratoga. N. Y
IN 1910, at convention at which thirty,
two states were represented by $40 deIo
gates Its growth has been steady and a
times very rapid, the total membersht
today being s,sO3 national, state and sav
ings banks and trust companies and priyat
banking houses. The last fiscal year. de
spite the panic which proved disastrou
to so many banking concerns, has been on
OF the most successful in the history O
the association While 691 members wer
lost through withdrawal. consolidation
liquidation and failure, I.94s were added :
! the roll making a net gain Of $50 for IN
year.
Roster of Omcers.
= The principal officers OF the associatio
are; President, Colonel ]. d. Powers G
Louisville; vice president, George H. Rev
nolds OF Chicago; chairman executive cour
GU, Lewis f. Pierson, New York; seeretsr,
Colonel Fred f. Farnsworta. New York
treasurer. A. A. Crane, Minneapors tn
= president OF The Trust company section
r PnllP > Babcock of New York: Of III
I Savings bank section. Lucius Teter OF Ch
4 caEo' and OF the Clearing House sectio,
n August Blum of Chicago. The executi,
council which TO a large extent dictate
/ the policy OF the organization. is compose
OF representatives from every state and ,
| former Dreafdonfa of ha