The Montgomery advertiser., 1909-03-17
BANKERS URGE LEGISLATION Group 5 Meets in This
 City TO ADOPT RES0L UTI0NS Desire Governor to Have Negotiable Instruments Law Amended.
 = Also Ask That More State Bank Exam iners Be Appointed. and That statements Be Called For
 More often.

Group Five of the State Bankers Association will petition Governor Co., mer to embrace in the special session, consideration of the State banking laws with a view to amending It. This course was decided upon at the annual meeting of the group yesterday at noon at the Exchange Hotel.
 They propose that there be addition al bank examiners and more frequent calls for published statements. At present these calls come only twice a year, while the national authorities require publication five times year. The bankers desire that the State num- Der conform to the Federal
 Included in the petition Is to be resolution asking that the defect in the negotiable instruments law be cor rected so it may not be considered unconstitutional as 1t now Is.
 The committee. appointed to prepare the resolutions, will meet in the Farley National Bank next Tuesday at noon. It will be composed of Vice president J. H. Drakeford, Michael Cody, L. M. Bashinsky and l.. B. Farley.
 This committee also is preparing topics for discussion at the annual convention of the State Bankers As sociation in Mobile. The date for this has been changed, as announced yes- terday to May II and 12, instead of the 18th and 16th. Efforts will be made to find a more suitable way to safeguard the deposits of the deposit ors.
 A feature of the convention in May will be an excursion by the members to New Orleans on May IS. There they will attend the session of the Tri- State Bankers Association. composed of the bankers of Alabama, Louisiana and Mississippi
 Indication of Prosperity.
 Tn the discussion yesterday. there was a general indication of the in- crease of prosperity throughout the State. The meeting of the group is the first to be held. Last year L. B. Farley, who was then group vice pres ident decided that 1t was too soon af- ter the panic for the bankers to get any time to meet. Tn contrast. all ap- peared very optimistic yesterday
 All the business taken up at the meeting centred around the necessity of making the State, catch up with the banks in the legislation. For in- stance, 1t was urged that the banking institutions of the State have grown to such size that present number of hank examiners can not well attend to the whole field Their idea. also of laws safeguarding the depositors have grown obsolete.
 Three addresses were made. State Treasurer w. D. Seed spoke on "State Depositories."
 He told the bankers that they would have less money deposited by the State this year, because of the unusually large appropriations.
 Michael Cody. president of the Ex- change National bank spoke on Our Relations with the Treasury. Depart ment." and J. 8. Carol. president of the First National Bank of Troy, de- livered an address upon The Directors Duty in a National Bank"
 The bankers present at the confer ence yesterday believe that there should be eight groups in the State in- stead of five, as at present, as the ter ritoy covered by some, notably the district. is inconveniently large.
 A luncheon with twenty covers was in the banqueting hall of the Exchange Hotel at 2 o'clock.
 The following well-known bankers attended the meeting of Group Five: John H. Drakeford. president of the Bank of Tuskegee; J. Carroll. presi Troy; Michael Cody, president Ex- National Bank. and Union Bank and Trust Company. Montgom- cry: L. B Farley, president New Far ley National Bank Montgomery; w. l.. Wild, Bank of Eufaula; A. s. Will cox. First National Bank. Montgom- cry; l.. M. Bashinsky, Farmers and National Bank, Troy; S Baum. New Farley National Bank Charles Henderson. Troy Bank and Trust Company; H. S. Hol- loway. Peoples Saving Bank. Tallassee: ]. S. Collins, First National Bank of Sampson: R. L. Faucett Autauga Bank and Trust Company, PrattviIle: w H. Hubbard. Fourth National Bank, T. s. Davis, Bank of H. L. King. Bank of Mid way; w. W. Brooks. Bank of Fort Deposit; T. H. Logan. Montgomery Bank and Trust Co.,; R. H. Seibels. Alabama Banking and Trust Company H. E. Bartlett First Bank, Montgomery.
 Group Five is composed of the banks If the following counties: Chiffon, Au- tauga. Lowndes, Pike, Montgomery, Elmore, Macon, Bullock Russell, Chambers. Barbour. Dale. Cofree. Hen- ry Geneva and Houston.