Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-09-30
May be Voted OH Tomorrow-Ec ceiling
SO Intense Matter Will Scarcely
BE Discussed.

Denver Sept, 8 I'll lay the regular
business sessions of the American
Bankers association opened in the city
auditorium, and the vast hall which
echoed With the cheers of The Demo y
Gratis When in national convention they
adopted u platform fayoring guarantee
of bank deposits by national law or
sif$this be Impossible the blishment
gof postal savings banks, will be the
scene of a body of men &reperese11tin
/ the wealth of the mai lion, who will res
@pudiate these ideas s. iangsroUss?.sto
the prosperity OF the country
Already the savings bank section,
4 the clearing house section and the.
trust company section have Como on,
record against guaranteeing bank de-
posts and have either voted against or
shown by5their attitude that they are
4unalterably opposed to the establish
Alnent OF postal savings banks.
The keynote was struck today III
the speeche OF Col. j. ID. Powers,
8presideIN of the association. who de-
clared the bank deposit guarantee was
f IL dangerous fallacy. vote on these
taken before tomorrow but the feeling
is so intense among the bankers that
there will be scarcely a speech made
during the convention, with the excep-
ton OF the set addresses, that will be
likely, to refer to them.
The program for today is q long one
and includes besides the presidents
address, addresses of welcome by Coy.
+ Henry A. Buchtel OF Colorado and
Mayor Robert w. Speer of 5Denver: the
annual report or the secretary, the re-.
i,port, OF various standing committees
and addresses by B. r. Walker presi-
dent of the Canadian Bank of Com
&jnerce, Toronto. Ont, on Abnormal
Features Of American Banking; and
by woodrow Wilson, president OF
Princeton university. Princeton, y. j,
ON "rhe Banker5and the Nation.
@ The remainder OF the day will be
devoted to a discussion of practical
banking questions. Several topics nor
announced in advance are expected to
be discussed under this head. !.
The bill of lading committee report
recommended two forms of bills OF
4lading for uniform adoption through
out the United States, as recommended
nv the Interstate commerce commas
sion. ,G5 h
The resolution submittedsby the com
&mittee states that the American
Bankers association desires 10 express
Its hearty appreciation of the action
taken by the interstate commerce COM
mission, and further enat it recon-
6mends to it's members that after j an,
: 1, 1909 they only handle for value order
bills OF lading issued by carriers in he
United States on forms recommended
BY the Interstate commerce commits
sion as order bills of slading, or the
so-called clean. order bill of lading,
without conditions, being the form re-
commended by the National Industrial
Traffic league to, the interstate COM
|snerce commission on Oct Is. 1907.
The annual report of the treasurer,
"a. A. Crane, showed total receipts from
all sources, s162,5lS. OF which s134,291
was dues from S.O24 old members and
s9;O95 dues from .922 other members
a balance of s1.s2S is shown, besides
100000 worth of stocks and bonds held
by the association. One of the feav-
lest Eexpenditl,res for the year, SS9,o25
was to the standing protective COM
mittee,
The reports of the protective com
l$mittee, including the record of Grim
| inals arrested. convicted, sentenced
awaiting TRIALS, bank burglaries, etc.
| followed. i,l lid IA,
The financial statements Of the Amer
| lean Institute of Banking, and the
various sections of the American Bank
\ ing association We're read