The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1909-09-14


year there have been organized three
associationst namely, Nevada. Itch
and Vermont There are three states
without associations-New Hamshire
Rhode Island and Delaware | have
come to look upon these state bodies
as the strong bulwark of the lanh.ng
working together. and this has never
been more evident than during the
year just closed. AS far as possible
have felt il my duty to attend the
state association conventions, an as
a representative of the American
Bankers association | have been very
warmly received by the tate bodies,
and | am sure that these visits have
been advantageous to this association
as well as the state associations. Since
our last annual convention l have at
tendedtended the conventions of ILL
nois, Alabama Minnesota and New
Jersey: the fs-state convention of
oregon, washington and IQdnO, the
joint meeting at New Orleans of the
states of Alabama, Texas. Mississippi
and Louisiana; the organic ton of the
| Vermont State association; the an
nual dinner of the Massachusetts
State association. and Groups No. 81
and No 8 New York City, and Group
No l of Buffllo; the annual Banquet
of New York Chapter American In
stitute of banking, and the Seventh
! Annual Convention of the American
Institute of Banking at Seattle.
AS secretary of the organization of
Secretaries of State Bankers assOcia-
ton of which | WAS one of the foun-
Sers. | have been brought very c,ose-
~ into contact with the secretary of
every state association and in them
have found the firmest friends OF
our own great organization.
Legal Department.
although the legal department may
have been considered predetermined
by some the wisdom of this action
was never questioned by the secre-
tary. for many of the state associa-
tons had such departments which
| We're successful
Prospective.
! 1T is an established fact that the
association today is more widely and
better known than at any other time
in it's history; that through it's var
ious ramifications it is securing re-
suits. 1t is my firm belief that it will
continue to grow in prosperity and
achievements. 1t will be necessary,
however. to be ever active and alert
to devise new pans for increasing it's
usefulness from time TO time, and to
/ me one OF the most important steps
in the near future will be the pub!ica-
ton Of bankers directory to embody
! only members of the association eli
mnating all extraneous matter. haV
ing the publication in compact and
conveniet form: this | believe would
be appreciated by our membership.
"All of which is respectfully sub
mHted.
! Tressurer's Report.
The following report was read by
/ p c. Kaufman. of Tacoma, Wash |
: inston:
| Il will not read my report in full, |
but simpy cal your attention to some
! in. The cash balance on hand Sep |
TENDER l. 1908. was 81, 1920. The to- |
! tai receipts of the association for the |
current year were $174415.73. Owing |
! to the wonderful activity Of the as |
! sociation and expense of operation, |
the total expense during the year were
$174,291.O7 leaving a ca:h balance
September l. 1909. of $2.107.S6 On
August 30. 1909, the secretary for
warded TO the treasurer for collection
! 10.651 drafts on account of the cur
rent membership dues, amounting to !
S164,O35. These drafts were at once
sent OFT for collection, but owing to
the fact that the convention this year
is held so early much smaller per-
centlg than usual has been collected
up to the present date. However. tie
! treasurer hopes by the end of the
month. or certainly by the middle of
October, to have the col ections COM
pleted.
For investment the association
holds the following stocks and bonds, +
which are deposited with the Bank
ers Trust company of New York. as Il
per instructions of the executive cOun-
ell. Interest on these securities is
regularly collected by the Trust COM /
pany and forwarded to the treasurer.
and by him credited to the assOcia-