The Wisconsin tobacco reporter. (Edgerton, Wis.) 1877-1950, 1915-11-05
Bankers Convention Largely Attended

Bankers Convention Largely Attended
The bankers of the southeastern por
ton of the state comprising group of
the state association held their tenth
annual convention in Edgerton on Fri
day last. About 100 prosperous look
ing persons representing the financial
institutions were present as we'll as
quite number representing the Mil
tendance at the meeting which was
held at Library hall. At the morning
session an address of welcome was
made by Andrew Jensen and responded
to by Merton Fish of Whitewater. In
the absence of President Woodland of
Watertown S. M. Smith presided with
l.. A. Anderson as secretary.
After the appointment of the stand
ing committees paper upon the His
tory of the Tobacco Industry in Wis
consin was read by F. w. Coon, editor
of The Wisconsin Tobacco Reporter.
A violin solo artistically rendered by
Miss Nellie Bentley was enthusiastical-
ly received. Hon. L. C. Whittet gave
an interesting explanation of what is
being attempted to bring about greater
economy in state expenses. lie told
how systematic accounting was being
introduced in all state institutions that
heretofore had been doing their best to
expehd the entire appropriations given
them. Geo. D. Bartlett of Milwaukee,
secretary of the Wisconsin Bankers
association, gave resume of recent
legislation affecting banks. His paper
was ordered printed and distributed
generally to the banks of the state.
An adjournment was then taken for
dinner which our local banks bad pro-
vided at The Carlton hotel where 1O2
sat down to an excellent meal. Those
who desired were given an opportunity
to visit a few of the tobacco ware
houses, and the stemming operations
at the Earle Tobacco Co. s plant seemed
to claim a good deal of interest from
the visitors.
At the afternoon session S. M. Smith,
president of the Wisconsin Bankers
association, spoke of the benefits of CO.
operation through the state organiza-
ton. The bankers interest in good
roads was the subject of paper by G.
w. Edens of Chicago. Mrs. Ethel
Robinson Grub then entertained the
assembly with reading that was most
enthusiastically applauded. Mr.. c. R.
Mckay, with the Chicago Federal Re-
serve bank, spoke of the necessary
proceedings for rediscounting with the
federal reserve banks. A general dis
cussion followed on various subjects
pertaining to the business, and then
the following officers were elected for
the ensuing year: President-W. H.
Purnell of Racine; Vice President-W.
H. Sleep of Waukesha; Sec.-Treas.
Merton Fish of Whitewater. H. A.
Moehlenpah of Clinton will be sent to
the state, convention as a member OF
. the nominating committee. Alternate,
H. A. Won Oven Of Beloit.
The committee on resolutions report
ed, the following which were adopted:
Resolved, That Group fully appre-
ciates the work of the legislative COM
mittee of the Wisconsin Bankers as
ISOLATION and recommends the publica-
ton by the association of a synopsis of
the laws passed by the last legislature,
as outlined by Secretary Bartlett in his
address.
That in view of the failure of the leg
islature to remedy the glaring inequali-
ties of bank taxation, we recommend
to the executive committee of the Wis
consin Bankers association that an
action be brought in court to test the
validity of the present methods of tax
ing banks. Be it further
Resolved, That Group EXPRESSES its
thanks and appreciation to the bankers
of Edgerton for the hospitable enter
tainment at this meeting, also to those
on the program who contributed to the
pleasure and profit of the convention.