New-York tribune., 1910-07-16
trust companies in drafting plan for the

trust companies in drafting plan for the
segregation Of saving deposits.
Then the president remarked he had
noticed that Clark williams, State Con-
troller. and formerly Superintendent OF
Banks, had Just entered the room, and
hoped that Mr.. Williams would give the
convention a word of welcome. Mr.. Will
Jams, who is cordially liked by the bank
ers OF the state. was greeted with loud
applause as he went 10 the platform. He
wished to thank President CogswelI, he
said for giving him an opportunity to say
word about state deposits. 1t was his
purpose TO distribute these funds without
regard TO political domination or control
He would favor particularly institutions
depositing with the Controllers office state
bonds and then would deposit ratably and
withdraw ratably. In closing he said: Il
look forward with great deal Of pleasure
TO my return TO my profession on January
l. 1871 an announcement which interested
the delegates in view of the reports that
Mr.. Williams might be a candidate for the
GoVernorship this fall.
Committee on Nominations Reports.
The committee on nominations reported
this ticket: For president. Luther w. Mott
vice-president and cashier of the First Ma
tional Bank of Oswego, who was Superin-
tendent OF Banks for a short time just pre-
ceding the panic Of 1907; vice-president. sue
ceeding Mr. Mott William H. Bennett,
cashier of the American Exchange National
Bank. Of New York City; treasurer. H C.
Morgan, president of the First National
Bank OF Cuba, y. Y, and secretary, Will
lam J. Henry renominated.
The nomination for the vice-presidency
had been urged on Stuart G. Nelson, vice
president OF the seaboard National Bank
and # was his refusal TO accept il which
led to the delay in making the report of
the nominating committee. The nomination
OF Mr.. Bennett for the office was the sug-
gestion Of Mr.. Nelson. The ticket was
elected by the casting of single ballot for
each officer, and then the president-elect
was escorted to the chair. where, after he
had received from Mr.. Cogswen the long
handled croquet mallet which was the near
est available approach TO a gavel to be
found in this little town. he made short
speech Of thanks for his election. Il is Gus
tonary TO present gevel 10 the outgoing
president but il was explained TO the con-
vention by member OF the committee on
ARRANGEMENTS that the gavel ordered for
President CogswelI had been lost IL transit
and would have to be delivered to him at
his home. In Albany. Then the convention
adjourned sine die.
c. A. Pussley a Vice-Presi6ent
Immediately following the convention the
members who are also members Of the
American Bankers Association held
meeting. at which Mr.. Cogswell, James G.
Cannon, of New York, and Hiram r. Smith,
Of Rockville Centre, were elected to the
executive council OF that body, and Cor
nelius A Pugsley, of Peekskil, was elected
as the vice-pres1dent from this state A
good many Of the bankers, with their wives
and daughters. went on a trolley excursion
10 RichheId Springs in the afternoon, re-
turning in good season for dinner, WhiIe
others devoted the afternoon to golf or ten
mis- OF 70 boating on Otsego Lake or auto
mobiling or driving. Not few started Tor
home on the late afternoon train. hut the
many who remained spent pleasant even
ing at the hotel which is the convention
headouartersthe Otesaga-where the spa
cious grounds were Illuminated pE scores
Of Japanese lanterns, and a fine display OF
fireworks was given the late evening being
devoted to dancing in the big ballroom
this wear. The attendance was so large
that tables for a hundred or more Of the
guests had 10 be set on the piazza just out
side Of the dining room, and everybody
enioved the speaking and stayed to the
end. although it was almost o'clock this
morning when Aud Lang Syne" was sung
Controller Prendergast. although his ad-
dress was technical in character, was fol-
exposition Of the reforms Instituted by him
in the financial administration Of New
York City was marked by frequent express
sions Of approval and sympathy on the
part OF his hearers
David r. Forgan, president Of the Ma
tiCnal City Bank of Chicago, traced the
analogy between golf and banking, noting
many points OF similarity in the hazards
which both the golfer and the banker had
TO meet. such as bad lies" Witty and
serious by turns. he rose TO eIoquence in
his closing periods, and the applause which
followed was so vigorous and long con-
tinued as almost 10 compel him to make
acknowledgment. The remaining speakers,
the Rev. Dr.. James 5. Kittell Of Albany,
and Thomas A DAILY. Of Philadelphia, who
recited q number Of Italian dialect poems
OF his own composition, were also thor
oughly enjoyed, practically no one, as al
ready said, leaving the room until the very
end