Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-11-10
JAMES BRADLEY
SPEAKS BEFORE
STATE BANKERS
Cashier of National Bank Of.
Commerce Gives Principal
Address at Convention Of.
Association,

The main event on the program iai
yesterdays session OF The New Mexico
Bankers association was the address
of James r. Bradley. cashier of the
National Bank OF Commerce. OF kan-
sas city lie spoke IN the afternoon
at the Commercial club on the FOL.
lowing subject. How Can We Best
Work out the Present Financial sit
uation %" ane gave "A most INTEREST
Ing review Of the condition of the
country at the present time and tn
change that has taken place Ia the
last twelve months.
MIR. Bradley traced the causes
which have brought about the more
or less chaotic conditions that cNis;
ut the present time ana told ci Tue In
flucncc OF the war on international
trade relations. He gave sch olarlA
review OF the federal reserve banking
law which Is about TO go into effect
and expressed the opinion that u
would be productive Of great good To
the country. though. as he expressed
1t. III is absurd to think that any
law will ever absolutely prevent pam
les In this country"
Would File Mortgages.
Mr. Bradley was given close atten-
tion by the bankers. and his address
was admitted TO be one of the best
ever heard at n gathering OF the kind
in this city.
The principal recommendation of
the executive committee. whose re-
port was read by c. \. Blackwell
chairman. was that favoring the filing
instead of recording mortgages. The
instruments might be flied for fee 81
twenty-five cents while under present
laws recording sometimes costs as
much as 50 or 81. The reform would
save banks doing an extensive husl-
ness mortgages n tdy sum. A resoiu-
ton embodyng this Recommendation
was presented to the convention. II
was referred to the legislative com
mittee
\. n. \. Meets.
A meeting of members OF th'
American Bankers association wa
held Immediately after the close If
the afternoon session. The mcctlne
was called by X. ]. Palcm. Of Santa
Fe. vice president for New Mexico
ID. T. Hoskins. of Las Vegas, wa.
elected vice president for the state fol
the next year.
The morning session was taken ur
with the preliminaries and routine
business. The visitors registered Mr.
Hoskins. as president called the coz
vention to order, and Archdeaeon W
Il. Warren, of st Johns Episcopn
church. gave the invocation. state
Treasurer O. n. Marion gave the adj
drcs of welcome and Roy zimmerman
of Roswell. the response. Mr.. Hos
kins gave the presidents annual adj
dress in the afternoon.
BANQUET NJ Al,arado.
The annual banquet was held last
night at the Alvarndo hotel This
was set for tonight on the original
program. but the time was changed
All the visiting bankers and the wives
of some of them as well as all the Al
buquerquc bankers and their assls-
tants were seated at the tables Az
terward the tables were removed anu
a dance was held.
The attendance at the convention ~
big for an affair of its kind. Pracu-
cally every banking institution In New
Mexico In represented and many or
the most prominent men Of the state
are IN the city.
Today's Program.
The program for today follows's
Morning Session
10 Il. m.
Address Constructing State Build
ing. MIR. George r. Wells. Denver.
Address Agricultural Extension
Work and Its Value 20 the Farmers
Prof A. c. Cooley, director of agri-
cultural work for New Mexico.
scusslon--continuat of five
minute talks by New Mexico bankers.
Adjournment until p. m.
Afternoon Session.
2 p. m.
Report of committee on resolutions
Report of auditing committee
Report Of nominating committee
Election OF officers.
Election of delegates to American
Bankers association convention In
1915.
Adjournment.
Immediately after Adjournment OF
the convention the executive commit
tee will meet for the purpose of elect
ing a chairman for the ensuing year
a.t ga, tbh tra,vactfnn af euCn other