The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-17

At a convention of representatives OF
the different banking Institutions of the
state, held i'm the council chamber in the
city and county building yesterday, the
Utah Bankers association was organized,
and the officers given above elected.
Out Of the SD calls for the convention
sent 10 the banks i'm the state, Sd respond
ed by sending delegates to the convention
". S. Mccormick called the meeting to
order. and S. A. Whitney acted as tenn
pOrary secretary. Following the opening
remarks by the chairman Gov. William
Spry welcomed the visiting bankers to
Salt Lake, and spoke i'm favor of the
organization of the bankers association,
telling of the many benefits such an or
ganiZation would be to the people Of the
state as well as TO the banking institu-
lions and the men behind them. The
governors talk was followed by a short
address and tings to the delegates
by Mayor BransfOrd-
The chief executive Of the city told Of
the honor il was to Salt Lake to enter
tain the bankers and of the good results
the proposed association would bring
about in more ways than one.
Former Governor Hsber n Wells was
the next speaker. He mentioned the pros
porous condition existing. not only i'm the
banking circles of Utah. hut in every
/ form Of business life I'm the state. and of
/ how this state is lining ND i'm the front
ranks with the best states in the Union.
[ He. too. was delighted to have the bank
eTs Of the state guests in the city, and
he seemed to take much pleasure in tell
ing the visitors so. The response on be-
half of the visitors was made by +. c.
/ Jensen of the Mount Pleasant Commercial
and Savings bank.
Committee on Organization.
motion was then made by L. r.
Farnsworth that the chairman appoint
a committee of five on permanent organ
iZatiOn to report at the afternoon session
/ of the convention. The following commit
tee was appointed; I II EarnsWoT-th,
/ representing Walker Brothers of salt
/ Lake. chairman John PinETee. First Ma
/ tiOnal bank, Ogden; A NJ. Fleming, First
National bank. Logan; W. w. Arm
strong, First National bank, Park CITY
and J. T. Farrer, Provo Commercial and
| Savings bank.
! An adjournment was then taken until
| 2.3J in the afternoon I'm the meantime
/ in automobiles as the guests or the SAT-
/ Lake Clearing House association. and en-
| joved luncheon at the Commercial club.
The chairman of the committee on per-
maneHJ orga ui7atton presented the con-
stitutiO1 and bylaws. which had been
drawn IN by the committee, at the open
/ ing Of the afternoon session. and after
/ the reading of the documents, they wers
( adoDted section by section.
/ iurludirg Williams wife. whom he has fr
/ National or state banks are entitled To
/ membership in the association. according
/ to the constitution. which sets forth tha
/ the association &c ORGANIZED for tine Dur-
/ nose Of promoting the best interests of
/ the banking institutions OF the state. and
/ To- ur0tert them against crime Other
/ clauses in the constitution state that n
{ tWO-thrds vote Of the members present
I NAV evpe1 a0v member. and that dele
| rates to the convention shall he Officers.
/ directors or trustees of banks represented,
! or owners or Uartnars If private banks.
Schedule of Dues.
/ There was considerable discussion over
! the matter of annual dues. as set forth
/ in the bylaws. and the following SEIZED
| uie was finally adopted
4 For members representing banks with
a capital of less than $4,000. dues of s.
/ q year
] For members from banks having a cap
Continued on Page ?.