The San Francisco call., 1909-05-29
BANKERS OF STATE
CLOSE CONVENTION
Postal Savings Institutions Are
Characterized Unnecessary
by Lowell White
[Seecial DispoicA 10 The CALI

Especial Dispaich 10 The Call
DEL MONTE, May 2S.-rhe closing
session Of the annual convention Of the
California bankers association today
was attended by the largest number Of
delegates in the history Of the asso-
citation. there being 4SS registrations.
on the platform at the morning ses-
sion were J. ID. Radford, president; W.
70. High, chairman of the executive
council r. NJ WeIch. secretary 5.
.colburn, assistant secretary; Lieuten-
ant Governor warren r.. Porter, and
Alden Anderson, superintendent Of
banking
Proceedings opened with a paper on
Postal Savings Banks" by Lowell
White. in which they were character
lied as unnecessary, the work being
performed by savings banks already
established The proposal was at
tractive because it held out
prospect altogether vain and iiusory,
of eQuaiizing financial conditions. A.
Kains followed with an able paper
on Clearing House Examinations of
Banks in which the writer wondered
animation by the banks own officers
and one by public official was not
like that between boiled and roast
mutton-a difference in the way in
which the heat WAS applied. Exam
iners have little trouble with sound
and honest concerns, but much with in
stitUtions that 90 questionable busi-
4. j Treat suggested that there
should be clearing bou4es in san
Francisco. Los Angeles and Sacra-
mento. and that insecure banks should
he pat out of business BY refusal to
clear their checks
The report of the protective COM
mittee was read by T. II. Colburn. and
a careful paper on bills Of lading by
Rollin T. Grant vice president OF the
Irving National Exchange bank of New
York City
URGES LEGISLATION
Newman Essick Of the Commercial
national bank OF Los Angeles closed
the morning session with a paper on
Preventive Legislation" recommends
ing bills that the next legislature
would do well to pass
The afternoon session opened with
clever paper by H. de Saint Seine
on Foreign Exchange" The writer
ia tile garden Of Eden as the first
complete instance OF exchange in the
world He drew attention to London
as The international money center of
the world. due to the enormous colonial
empire and vast merchant marine Of
Great Britain. pointing ont that in
numerably monetary operations in
which England has no part, are con
Guided ia London.
State Treasurer Williams made few
remarks being followed by pointed
and humorous remarks by I. w Ellis
worth. manager of the department of
new business of the First national
bank OF Chicago The speaker com-
mended Californians FOR their pres
ence Of mind. telling amusing examples
Of this quality. The audience was
kept in almost continuous laughter.
Ellsworth stated the essentials for get
ting business to be honesty, ability
courtesy. an ample surplus never
dipped into, good service, an attract
iVe office and stationery
Kenneth AIllican. secretary Of Oak
land chapter, American Institute Of
Banking, spoke OF the valuable work
made possible by the generosity of
bankers.
APPROVAL OF ANDERSON
Reports of committees on auditing.
resolutions and nominations were read
and adopted The appointment Of Al
den Anderson as Superintendent of
banking was indorsed strongly Lieu
tenant Governor Porter said that Gov
ernOf Gillett appreciated highly the
support given him BY bankers and the
confidence felt in his appointment Of
Anderson.
The convention or the American
bankers association viii be held in
los Angeles in 1910. The request OF
Riverside that the next convention Of
the California bankers association be
held there was referred to the eXecu-
tive council and viii be decided at its
meeting in December. Boxes Of River
side oranges lay open in the art gall
lerN. where the convention was held
The following officers were elected
for 1910. H. $. Fletcher of Watson
vile. president: W. H. High vice pres
ldent. Stoddard Jess. chairman Of ex-
ecutive council: G. x. Mcintosh Elliott
II executive council, j. }. Fagan, treas
urer, II. n. Welch, secretary; Il. l. Col
burn, assistant secretary.
The session ended with a presenta-
ton to the retiring president n u
Radford. of a handsome silver loving
cup in token Of his valuable service.
the speech being made by L. T. Rah-
rens, and a suitable response being
made. A ball was given tonight in thu.
dining room of Hotel del Monte TO
morrow there viii be auto rides trims
ia glass bottomed boats. etc MANY
southern Calfornians viii visit Santa
Cruz and the big trees.
ROB BANK OF So soOo--BeBbow city. H.. Nav
2s -Robbers armed with shotguns held up the
cashier Of The Peoples bank here this afternoon
and escaped, with 5000 Tho money consisted
OF shipment which inc cashier had inst re-
eeiged and was counting. Tho men ran from the
bank without attracting attention and were our
Of town before assistance could he summoned
The Boyson Apartments. Twentv-first