Los Angeles herald., 1910-10-03
25OOI MONEY MEN
COME TO TOWN
Delegates to American Bankers
Convention Arrive from All
Quarters of the Nation
LADIES ENTERTAIN GUESTS
Over 600 Millions Represented
by Two Chicago Men and
R0CkefeIIer'S Vice President
LADIES ENTERTAIN GUESTS

From every section of every state
in the Union, representing hundreds OF
millions of dollars and the very tinan-
cial life of the country, fully 250O
bankers, accompanied by their friends
and reatives arrived in Los Angeles
yesterday for the opening of the thlT-
ty-siXth annual session of the Amer
lean Bankers association this morn
ing, thus assuring to Los Angeles the
distinction of having attracted one OF
the most important and largely at
tended conventions in the history OF
the bankers organization.
More delegates are expected on all
the arriving trains today, and late this
evening there seemed TO be no DOUBT
that the total number in attendance
would exceed 5000, a number far
greater than ever before attracted to
| any city west of the Mississippi river,
and larger than the attendance at
several of the recent conventions neld
| within easy distance of the 1nanelaI
centers of the country.
The flnanciers fairly poured into Los
Angeles yesterday. On palatial spec1 Il
trains and on the regular trains scores
came to attend the convention, and
last evening every hotel in town was
crowded to capacity. So thoroughly
however, had the local committee from
ING LOS <llSSlGS SlSG11AllS AAVooC NA
sociation arranged for their guests
disposal and accommodations that no
time was lost in getting them COM
fCrtably settled, and on every side
! words of praise and appreciation were
heard for the manner in which they
were treated.
EVERY CITY REPRESENTED
Every city of Importance in every
section of the United States is repre-
sented in last evenings arrival. In
fact, this is the most representative
assemblage OF the financial interests of
the country which has ever come to-
gether, according to officials of the or
ganization, and one of which Los An
geles and Southern California can be
justly proud of attracting. In regard
to this George NJ. Reynolds, president
of the Continental and Commercial Ma
tional bank of Chicago and one of the
foremost bankers of the United States,
said last evening:
II believe this is the most representa-
tive assemblage which has been
brought together by the American
Bankers association since 1 have been
connected with that organization. I
see more men here tonight who repre-
sent the best and highest in the world
of finance than 1 have ever seen be-
fore, and their presence makes certain
LIldI IIl6 coming convention Will DS di
all-important one.
"It is, to use homely expression, the
best turnout yet. The delegates stand
for more and represent more widely
diversified enterprises than at any pre-
vious conventions. And 1 think I am
treading on no other city's toes when
I make these statements-the fact is
too self-evident."
On every side, from men and women
alike came praises for the manner in
which they were welcomed to the Angel
city last evening. In the lobbies of the
different hotels the visitors stood in
groops, and the topic of conversation
throughout it all was attentions and
courtesies showered upon them.
GUESTS MET AT TRAIN
A committee headed by Stoddard
Jess of the First National bank met
each train as it arrived and gave the
arrivals sample of Los Angeles hos
pitality. Without loss of time each
party was loaded into waiting auto
mobiles and driven to their hotels,
where in all cases reservations had
been made for them and their apart
ments were waiting. There was
no trouble with luggage-attendants
provided by the local bankers saw to
it that this feature was attended to;
there was no trouble about rooms
they were awaiting the occupants
when they arrived. AS soon as each
party arrived and were comfortably
settled in their rooms q small basket
Of fresh California fruit, accompanied
by a large vase of red carnations,
was sent up with the compliments of
the women of Los Angeles who pro-
vided this feature. To say that the
fruit was appreciated is not doing the
matter justice; after their long jour
ney it was the one thing to make them
feel at home according to the visitors.
Yesterdays arrivals included some
of the most notable figures in the
world of finance-men who hold the
financial situation of the United States
in the hollow of their hands. Possibly
most prominent among the arrivals,
or at least most prominent Oh the Pa
cif1c coast, is George M. Reynolds
president of the Continental and Com
mercial National bank of Chicago, the
second largest bank in the United
States Mr.. Reynolds alone represents
deposits of $175,0O0,O00, and is consid-
cred among the banking men as one
of the cleverest and best business men
in, the country.
SAVED COAST BANKS
Although it is not generally known
Mr.. Reynolds bank is correspondent
in Chicago for every financial institu
tion of size in Los Angeles and San
Francisco-and occupies this position
through Mr.. Reynolds own personal
influence. During the earthquake and
fire in San Francisco it was he, who
undoubtedly saved the banking institu-
tions of the Pacific coast from great
loss, by shipping nearly seven millions
of dollars in gold to this coast and put
ting it at the disposal of the distressed
bankers here. Again during the panic
he placed three million dollars in gold
at the disposal of local and San Fran
cisco bankers, taking as security only
the officers notes. At the time fellow
bankers in the east thought he had sud-
denly lost his mind-such a thing was
unheard of. At the present day, with
him correspondent for the banks of
both these cities they are able to see
the wisdom of his movements. This
fact is known to but a few people here,
according to prominent officials, who
cited the case to show why he is so
universally welcome on this coast.
Two other prominent bankers of Chi
cago who arrived last evening are
James b. Forgan, president of the
First National bank of the Windy city,
and E. A. Hamill president of the
Corn Exchange National bank. These
two men, together with Mr.. Reynolds,
represent deposits amounting to more1
than 400 million dollars. \
ROCKETELLER's BANK
The largest banking institution in
the United States, the National City
bank of New York city, with deposits