The Detroit times., 1912-09-10
IfERICAN BANKERS OPEN
WITH BUMPER CROWD
foen,l.uea fron rass oasl

isfactory and that very beneficial
nlts have been obus1cd, and all
onely indorse the system. Also
least In its work is the endeavor
the section TO secure uniformity Ia
aring reports.
sThe American Institute OF Bank
section has 70 chapters, including
in Cuba and one In Hawaii, win
total membership OF over l2,OOc.
Dther paragraphs were devoted -
work of the trust company sec
n and the state secretaries section,
ich has just been organized,
|rhe committees were taken up
NJ OF which the first was the bills
lading committee, headed by Clay
Uollister, OF Grand Rapids, to
nose work Mr. Livingstone paid a
e tribute.
Praises New Department,
.And now" continued the presi-
mi eve come TO the newest depar-
re of the association-the commit
on, agricultural and financial de-
lopment and education, appointed
the New Orleans convention.
although many bankers realize
at their institutions are greatly de-
bndent on the farms for their sue
ss Il was not until Joseph Chap
An, Jr., brought the matter forcibly
fore the association that they had
true conception OF its Importance,
hd deemed II within their province
bd really their duty to take some ac-
nm looking toward the Improvement
agricultural conditions.
.It Is interesting TO note the pro-
ress made in this movement, by a
bmparison OF it's two annual meet.
gs. In the first session, held last
Ear. only seven states We're repre-
bnted. In the second annual meet
held in Minneapolis and st. Paul,
ug. Z and 8, "a states were repre-
ented. At last years meeting thu
hnker and educators who came ~
idress the bankers, made up the
Inference: this year the field of edu'
htion from university to common
ehool sent In It's undelegated men
hid women and the character OF the
|athering reflected the scope OF in
uence of the first conference, Men
Eom the department of agriculture In
Washington and from the agriculture,
lad vocational schools OF many states
|ere present as Listeners. In the
econd annual conference the best
authorities I'm the United States ad-
ressed the delegates, and the meet
he was q most enthusiastic one. The
bankers are just beginning to become
Interested and 10 realize the great
Importance of this movement, and
he fact that agriculture is the basis
Sf all wealth, and have been instr,l-
nental In a number of states in bring
n about an agreeable change In edu-
RATIONAL institutions
Other reports dealt with the work
bf the protective committee, the ad-
committee and the cur
fency commission which reported that
Do out OF 46 state bankers associations
kdopted resolutions Endorsing the
Aldrich plan.
Secretary Farnsworth Reports.
Col Fred f. Farnsworth, general
eecretary of the association, and q
fol rner Detroiter, followed Mr., d4ig-
|ngstone with his annual report say
ing 1T part
important factors in the early history
knd development OF the American
Bankers association. The American
hssociation was formed In 1875, but
b war proceeded by an organization
I'm Michigan, which entities that state
to the distinction of having been one
cf the pioneers in that line. A con-
vention TO organize the Michigan Ma
tional Bank association was held in
the Russell House, in Detroit, Dec. 4.
1867, and was largely attended by
eminent bankers of the state.
) Michigan was among the first
states TO organize state bankers
association This action was taker
in the Russell house, Detroit. Oct 20,
1887, and that association is now one
of the live, working bodies in the
great galaxy OF AS kindred state asso-
Citations actively operating today
throughout our land.
The state has been particularly
in the councils OF the Am-
ericah Bankers association from the
very inception of this organization
The late j. d. Hayes, OF Detroit, vice
president Of the Merchants and Manu-
facturers' National bank, was the
first secretary, chosen at the prelim'
mary organization in Saratoga In
July, 1875.
When the organization Of this as
sociation was perfected In Philadei-
phia, in 1876, a number Of bankers
from the state attended the session
All have since passed to the great be-
yonG, with the single exception OF
c. J.. Monroe, Of Kalamazoo, who last
year honored the Office OF president
of the bankers association Of his
state. Senator and Governor Henry
p. Baldwin, OF Detroit, served as vice
president, for Michigan for eight
years. T, II. Hinchman, Of the same
city. served in the same Office for
seven years. Frederick w. Hayes.
also Of Detroit, was vice-president for
lis state and also member o. tho
executive council in 1898"
Michigan, Secretary Farnsworth
stated, was among the first states oi
ion tc organize banking depart
ment.
some Growth This.
convention in Detroit in
1897 said the secretary, there was
an attendance of about 1,l00, as tho
records show, and there is also a
tradition that II was the most success
ful convention ever held by the asso
ciati6n up TO that time. We estimate
the attendance at this convention OF
1912 10 be from 5000 to $500 In
III