Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-07-24
BANKERS FROM
ALL over u. s.
At PORTLAND
Rural Land Credits Considered
And Officers Nominated Fri
day-Plans Made for Denver
COnvention-Guests at COun-
try Club and at Poland Spring
House

Portland. Me, July 23.-Prominent
United States are in Portland today for
the purpose of holding the regular quar-
terly meeting of the board of governors
OF the Investment Bankers Association
of America, one of the largest organiza-
tons Of its kind. The party assemble
at the Congress Square hotel this morn
ing at $50 and then proceeded TO the
Portland Country Clue where the busi-
ness session took place.
At the business session, over when
President A. B. Leach Of New York pre-
sided, rural land credits were cal efully
considered and referred TO a committee
which will report the subject to the Den
yer convention for general discussion.
Nominations
A. c. Foster of Denver, chairman of
the committee of arrangement for the
annual convention. outlined the pro gram,
which will include a number Of speakers
on subjects of vital bearing on invest
ment banking business Lewis b. Frank
lin of New York was nominated for the
presidency of the association. The OTHER
nominations for Office to be elected at the
annual session are as follows: For vice
presidents, Allen G. Hoyr, New York
John E. Blunt, Chicago; Stedman But
trick, Boston; A. c. Foster. Denver, and
c. E. Elliot. Chicago: treasurer. J. H.
Smith ST. Louis; secretary, Frederick r.
Fenton. Chicago.
The resignation of n. D. Jay of New
York as a member of the board Of gov
errors was accepted. At this meeting
plans were laid for the convention Of the
association of $50 members which is TO
be held at Denver, Col. on Sept. %, q
and %. Candidates for the different Of
fees Of the organization were chosen and
these will be elected at the convention in
Denver. Other matters of importance to
the members Of the association were
taken up and discussed.
Some Of Those Present
The % or more bankers. who represent
Americas largest banking houses, came
to the Forest City at the invitation OF
six local firms which are members of the
association. The guests incluoe: A. B.
Leach. president, of New York City; j..
Herndon Smith, treasurer, Ct St. Louis.
Mo-; Frederick F. Fenton. secretary, of
Chicago; Erastus W. Buckley. Allen -.
Hoyt, Lawrence Chamberlain, George B.
Caldwell and R. r. Reed. counsel, all of
New York City: Charles w. McNear Of
Chicago; William R. Compton OF St.
Louis: Burnett Wendell. Jr.. John E. Old
ham, both of Boston: Warren S. Hayden
Of Cleveland. O.; William Baker, Jr..
of Baltimore; n. D. Jay of Milwaukee,
Wis; Harry E. We'll Of Cincinnati. O.. ::
c. Edgar Elliott Of Indianapolis, Ind. :;
William West Of Philadelphia; r. L.
Scoville. Pittsburg, Pa.
At the close of the business meeting
the above named with several local bank
ers were guests Of Herbert Payson at
luncheon at the Country Club. Early in
the afternoon the party left in automo-
biles for Poland Spring, where dinner was
served this evening at the Poland Spring
House. On Saturday, arrangements have
been made for a special boat to take the
party about Casco bay. and it is planned
to have q clambake at one Of the islands.