Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-09-02

American dollars, made idle by the war in
Europe. Until few years ago these con-
ventions and, in fact, the workings of the as
ISOLATION, were more or less perfunctory, but
this year the eyes OF the world will be on
Seattle. Financial questions raised by the
war give to the convention an international
Importance.
That the bankers recognize what Mr.. Law
has done for the association was proved two
years ago when the delegates threw aside
the precedent of having the chairman of the
Executive Council automatically succeed to
the vice presidency and elected him from the
floor Last year. at Richmond, it was proved
again. when he was made president.
Curiously, Mr.. Law is only the second
Philadelphian who has been president of the
American Bankers Association, although it
was founded in this city in the Centennial
year. holding its first sessions in the Cen
tennial buildings, in Fairmount Park. The
other Philadelphia president of the associa-
tion was Morton McMichael, cashier of the
bank which Mr.. Law now heads The latter
mas been devoting much of his time in the
last two or three months to the preparation
OF the program at the convention. What he
considers the greatest problems the bankers
viii have to face is best told In his own
brief statement:
The Conventions Task
THE American Bankers Association" he
says VIII face the greatest plethora Of un-
used funds in its history The problem of
unused money is the great one today. Then
too, the Federal reserve act will have been
In operation just about a year when the
convention starts, and reports and discuss
sions OF its operation will be of great i'm
portance That is the subject the bankers
are Interested in more than any other"
The success this Philadephian has had in
MS aVowed effort to widen the scope and in
crease the efficiency OF the association. maxi
ing the service more valuable to members
ana especially TO the smaller banks IL prob-
ably due to the experience he has had an
bankers organizations He organized the
South Carolina Bankers Association IN 100,
and became its first president. Nina vears
later he was made president of the penn
sylvania Bankers Association. and for Is
years he was a member OF the Executive
Council of the American Bankers Asso-
claton
Mr. Law is Phiadelphian by choice He
ea'ne % 70 this eity In 1908 and he likes it so
'nat ne mas resisted the lure OF Wall
~ - common knowledge in financial
circles that he could have had an executive
position in one OF the big banks q, -.
famous thoroughfare years ago had ha No.,
wiling to leave this city. The methoa ~
ms coming here and the steps in his career
IN the south form as interesting a storv as
,ha' OF his rapid rise in the dozen years he
has spent here.
Called Up From the South
Mr.. Law was born on a cotton plantation
IN Darlington County. South Carolina. His
father was the Rev Thomas II. Law. d. 10
pastor Of the First Presbyterian Church ~
spartanburs' who later succeeded the father
81 PRESIDENT Wilson as stated clerk OF the
Topehsrn rfespyterian denomination. Mr..
Law graduated from Wonord college NJ.
tansht school for two years IN Wilm,ns,on
y. G. and then became oflolal stenosrapher
ot the Seventh Judicial Circuit OF south
Carolina "'"
WIN the aid o. friends he organized the
spar'aFpnrf Savings Bank IN 1921. heconalns
|.