The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-09-13

One of the principal meetings to-
day was conference on the question
of uniform bills of lading, a subject
of deep import to the bankers. Bills
of lading are often used as a basis of
credit by the customers of the banks
and the bankers are anxious that
they be placed on a safe basis so that
as negotiable instruments they may
be handled by bankers without risk.
The bankers have already approved
the form of bills of lading authorized
by the interstate commerce commis-
sion and seek to establish it by law in
the different states.
A resolution calling on the dele
gates to urge in their several states
the passage of a uniform bill of
lading law was adopted. Another res
olution adopted recommended to the
main convention that congress be
petitioned to pass a federal uniform
bill of lading act.
The federal legislative committee
decided to report adversely on guar
antee banks and against postal saw
ings banks, substituting in place of
these measures a recommendation for
the adoption of savings bank de-
partment in national banks. The
savings bank plan for national banks
contains proposition for the segre-
cation.
The annual convention of the Ma
tional association of supervisors of
state banks was held today. Pierre
Jay, president of the association, de-
livered his annual address.
The committee on uniform STATE
banking laws and uniform classification
of banks reported that the law COM
mittee of the savings bank section of
the American Bankers association has
adopted the principle of the segregation
and proper investment of savings de-
posits as it's legislative programme:
also that a considerable number of
aFr tot har NH -
ed to their respective legislatures the
enactment of legislation along this line.
The committee recommending thai a
standing law committee be created to
assist in carrying out the legislative
policies of the association.
Questions of wide import to bank
ers and all interested in financial
matters were discussed Plans of the
convention include a banquet in hon
or og President Taft
The fact that a government cur
rency commission was authorized by
the last congress to make an investi-
cation of the financial machinery of
this country. and to suggest such re-
forms as are thought to be needfuI
has aroused all over the nation the in
terest of the men who make it their
business to handle other folks saw
ings and the indications now are that
the convention here will be seized
upon as an occasion for the airing of
views along lines likely to be taken up
by the commission and the crystalliz-
ing of some of the sentiment express
ed into recommendations which the
commission will be asked to take up
1000 Country Bankers Expected.
The fact, too, that there will be a
great crop to move this fall has turn
ed the faces of the country bankers
of the great grain fields of the west
and middle west Chicago ward They
will come here looking for an oppor-
tunity to form connections with big
ger banks that will enable them to
obtain the money to finance the traf-
fic of their localities. 1t is expected
and their friends will be in the city
for the convention.
The first day of the convention is
devoted to the reception of the
visiting bankers. There are regis
tration committees at the Auditorium
and Congress hotels and other COM
mittees will be at hand to see that
the bankers obtain the proper hotel
facilities. During that day there will
be committee meetings at the Audi
torium and Congress and in the even
ing the bankers of Chicago will en-
tertian the executive council of the
association at banquet at the Con-
gress hotel.
The Weeks Program.
Tuesday Governor Deneen will be
present to make the address of well
come, and will be followed by Joseph
t. Talbert. president of the Chicago
Clearing House association, George
NJ Reynolds. as president of the as
sociation, will deliver his annual ad-
dress and following him will be an
address by Colonel Robert J. Lowry !
OF Atlanta Ga, who is an ex-presi.