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

lessary at this time to enlarge on the
work of the sections and committees,
nor to occupy your time by going in
! to details, for you will have full, re
ports from these adjuhcts of our as
scciation.
Sections.
THE sections have been active
along the various lines laid out by
them and for which they were es-
! tablished The Trust Company sec
! ton has compiled for its members
f, some valuable publications. The Saw
! iags Bank section through a special
! committee has shown great activity
and done very efficient work in its
crusade against Postal Savings banks.
+, ard by a special effort materially in
creased our membership The Clear
ing House section has perhaps done
the most effective work in it's history
ard has in operation features which
will rapidly develop to the advantage
! OF llle K caring VI tuC Noohti y.
/ The american Institute of Banking
section watch represents the institute,
! hes now HOB members and 81 chap
! ters. The work which is being done
| by the institute and its chapters is of
! incalcu abe benefit to the bank clarks
! Of the country, and incidentally will
extend it's influence and power and
training 10 the banker Of the future.
Currency Commission.
! The appointment of the Monetary
commission of congress over year
ago caused the suspension of ali
/ b mixing and currency legislation,
hence the operations Of the currency
commission for the time being have
ceased While not a member of the
currency commission. yet represent
| ing it as secretary. it would seem
| wise to me that we should continue
| this commission as a part of our ma
! chinery When the Monetary com
! mission shall finally report out a bill,
it may then become necessary for our
| currency commission to act | have
! great faith however, in the outcome
OF the work which is being done by
this body and believe that there will
come from their deliberations and in
vestigations a new banking and cur
rency bill which will be satisfactory
to the financial and commercial in
| terests Of the nation.
Standing Protective Committee.
| The year just closed, as in the
past. emphasizes the Importance of
| the work OF the standing protective
is no other one feature of the Ameri-
| can Bankers associ AtiOn which so
| strongly appeals to the banks OF the
! country 1t became apparent to your
secretary during the past winter, with
the increased work in these offices.
! that the protective features was mot
and could not receive the close atten-
ton which it should have. 1t was a.
J so obvious in so great q work as. this
! would be much more effective were
! we to have a department presided
over by a manager experienced in this
! c'ass of work My suggestion to our
standing protective committee in this
regard appe lied to them. and it was
recommended to the executive councli
matters might have the fullest inves
tlg ton. and d move of this impOr-
lance receive proper consideration. Il !
special committee was appointed and
! authority given to the executive Of
flCeIs of the association to establish
a protective department. The special
, committee after its deliberations, de-
ci1ed in flvor of the proposition. and
on Aug ST ID the new department was
created. ard there was placed at the
head of it Mr.. L. w. Cannon, who
, held a most responsible position in
the United States secret service and
who was very highly recommended
for the place. That this was a wise
move is already apparent. and Mr..
Gammons 16 wears in the secret SER
vice vii, insure much more effect :
we results in this department in the
future, and without doubt. realize Il
saving to the association. and give
more prompt and satisfactory service. :
The association has a most excellent
protective committee who are earnest
and painstaking in their duties, and
have been willing to sacrifice their .
time when occasion required. The !
association is to be congratulated in |
this respect
Committees.
The association now has six active
standing committees At the Brar-