Los Angeles herald., 1910-10-06
BANKERS DISCUSS
NATIONS FINANCE
Trust Company Section and Or
ganization of Secretaries
Hold Sessions
DETECTIVE BURNS SPEAKS
Joseph Scott, President of the
Chamber of Commerce, De-
IiverS Address

While hundreds of the visiting bank
ers and their wives and daughters were
enjoying The hospitalities Of the en-
| tertainment committees; visiting the
various clubs, joining the large party
which took the ocean trip TO Catalina
touring in auto to beautiful Pasadena,
or taking side trips to the various
beach towns or Mt. Love- the more
sedate and faithful delegates attended
to business at the fixed sessions of the
trust company section and the meeting
| of the organization of secretaries OF
the American Bankers association, held
in Berean hall and in Choral hall,
Temple auditorium, yesterday fore
noon and afternoon.
President w. +. Keyser Of Sedalia,
Mo-, called the session or the organiza-
tion of secretaries to order In Choral
hall, delivering an address and pre-
senting Fred e. Farnsworth, secretary
and treasurer, who delivered his an
nual report. Topics discussed during
the morning and afternoon sessions
were:
Bank Taxation" led by George D.
Bartlett of Milwaukee, Wis.
"Co-operation in the Pursui. OF Grim
inals," by w. B. Hughes of Nebraska
Group Clearing Houses" by S. r.
Rankin of Ohio.
Our Honorary Members" by j. M.
| Dinwiddie, father of the secretaries,
| l. I-1910.
Program Building" by P C. Kauff-
man of the state of Washington.
THE Association Library" by w. w.
Bowman of Topeka, Kan.
"The Spirit of Democracy in Bank
ers' Associations" by j. W. Hopes of
Austin, Tex.
DETECTIVE SPEAKS
All of the various topics were dis
cussed in part by C. E. Hoyt of South
Norwalk, Conn; George E. Allen, di-
rector of education in the Institute OF
Banking, New York; Charles H. Wells,
of Salt Lake, Utah; N. P. Gatling of
Lynchburg, Va; Harry Yoager of
Lewistown, Mont; L. A. Coate of
Boise, Idaho; McLane Tilton, jr., of
! Pell City, Ala; S. r. Rankin of South
| Charlestown, o.; l.. p. Hilyer of Ma
con, Ga; r. L. Rinaman Of st. Louis;
! George d. Bartlette of Milwaukee,
Wis; w. B. Harrison of Enia Okla j.
w. Hopes of Austin, Tex; w. w.
Bowman of Kansas; General Secretary
Farnsworth of New York, and also
! by the president.
During the afternoon session Detec-
| tive w. J. Burns of the Burns and
Sheridan agency, employed by the
| Bankers association to run down
thieves and forgers, was given the
| privilege of the floor, and he asked
/ for the cooperation of the secretaries
in his work, assuring them that If
! they would do so the best of results
would be secured In the apprehension
of crooks for the protection of the
| public and the banks. A resolution
was adopted pledging hearty coop
! Grafton.
The following officers were elected
for the ensuing year:
President, w. f. Keyser of Kansas,
| third term.
First vice president, N P. Gatling
of Virginia.
Second vice president, L. A. Coate
of Boise, IDAHO.
Secretary and treasurer, Fred E.
Farnsworth of New York.
Board of control, j. w. Hopes of
Austin, Tex; Charles H. Wells of
Salt Lake, Utah; Harry Yeager of
| South Charleston, o.
TRUST COMPANY SECTION
Joseph Scott, president of the Los
Angeles chamber of commerce, gave
the members of the trust company
sociation a glad hand welcome at the
opening of the session in Bereau hall,
after prayer by Rev J. Whitcomb
Brougher. ]. G. Dral-e, president of
the Los Angeles Trust and Savings
bank, extended a cordial welcome on
behalf OF local trust companies. H. P.
Mcintosh, president of the Guardian
Savings e. Trust company of Cleve-
land, O., made the response on behalf
of the delegates.
Reports were submitted by Chair
man L. L. Gillespie for the executive
committee.
Philip S. Babcock, secretary, and
Chairman Lynn H. Dinkins, for the
committee on protective laws
DISCUSS MANY TOPICS
The remainder of the session was
devoted to addresses on various topics
of direct interest to trust companies,
including a paper on "should the
Ownership of Shares in Banks Con-
tinue to Be Represented by Certif-
Gates Commercially Negotiable, That
Is to Say, Pledgable," prepared by
Stuyesant Fish of New York. 1.-THE ad-
vantage to the trust company in max
ing loans upon. marketable collateral
rather than upon personal credit" by
William G. Poillon, vice president of
the Mercantile Trust company, New
York. "The .Advisability of a Trust
Company Maintaining an Auditing
Department Rather Than Having Per-
iodcal Audits from Without" by Will
bur G. Baldwin, assistant treasurer
Citizens Savings ana Trust company,
Cleveland o.; '"The Personal Ele-
ment in Trust Company Work." dis
cussion opened by Edgar Stark, trust
officer of the Union Savings Bank and
Trust company, Cincinnati, O.; 'In-
vestment of Trust Funds and the Re-
spective Interests Therein of Life Ten
ant and Remainder-man," led by Isaac
Orr, trust officer of the st. Louis Union
Trust company; "The Duties and Re-
sponsibilities of a Trust Company in
Connection with Investments to Be
offered to the Public" discussion
opened by F.. ]. Parsons, secretary of
the United States Mortgage and Trust
company of New York, followed by
Dinner Beeber, president Common
wealth Title Insurance and Trust COM
pany of Philadelphia, Pa. Should
Trust Companies Charge for the Care
of Small Accounts" discussion opened
by Edward o. Stanley, vice president
Title Guarantee and Trust company of
New York.
Impromptu talks were delivered on
various subjects of a technical char
acter
ELECTION OF OFFICERS
The following officers were elected
and installed:
Oliver C. Fuller, president of the