New-York tribune., 1918-07-18
Twenty Thousand
3 anks s Back of
National Council
w. H. Booth Heads Organi-
zation of State Bank
Associations

~''ii t"SHIy luouSaHu DUnklnE
institutions operating under state char
'ers with aggregate resources of $22,-
2'o,lO4,143 are welded into an organi-
zatlon for mutual protection against
adverse legislation and for the pur-
pose of obtaining legislation to per-
feet state banking systems by the
formation of the United States Coun-
Gil of State Banking Associations.
Many Of the details of the inner or
ganization of the council remain to be
worked out, according to the New York
bankers who returned yesterday from
the st. Louis meeting but the outline
OF the association and it's scope has
already been formulated.
According to the articles of assoca-
ton "the objects of this organization
shall be to promote the general eff
tciency and welfare of the American
banking system, to obtain cooperation
between states and with the national
government in securing sound, uniform
and constructive legislation, both state
and national, and to bring about gem
eral strengthening Of the banking
financial and general economic condi-
tions of the nation"
Will Have Offices Here
W. II. Booth, vice president of the
Security Trust and Savings Bank, of
Los Angeles, heads the new council.
MIR. Booth will come to New York
shortly to consult with local bankers
regarding the organization and Offices
are to be opened here. The other Of
fcers are: William MacFerran, presi-
dent of the State Savings Bank of
Topeka, Kan, vice-presidcnt; George
w. Rogers, vice president of the Bank
or Commerce Of Little Rock, Ark, vice
president; f. II. Sisson, vice president
OF the Guaranty Trust Company of
New York, and William B. Boulton, of
Morristown, N. j., treasurer.
The executive committee, comprising
one member from each OF the twelve
Federal Reserve districts of the United
States, has been chosen as follows:
First District, Albert O. Brown, Man
chester, N. H.; Second District, Charles
H. Sabin, president Guaranty Trust
Company of New York; Third District,
George ii. Earle, jr., president Finance
Company of Philadelphia, Penn;
Fourth District, Malcolm McGiffin,
president Fidelity Title and Trust
Company, Pittsburgh; Fifth District,
Emory l.. Coblentz, president Central
Trust Company, Frederick, Md; Sixth
District, Forrest Lake, president Semi
nole County Bank, Sanford, Fla; Sew
enth District, H. A. Moehlonpah, Clin-
ton, Wis; Eighth District, Charles C.
Mccain, vice president and secretary
Bankers Trust Company, Little Rock,
Ark; Ninth District, George G. John
son, vice-president First and Peoples
State Bank, Thief River Falls, Mimi;
Tenth District, Charles l.. Engle, presi-
cent Commercial Bank, Ell Reno, Okla;
Eleventh District, Travis Oliver, vice
president Central Savings Bank and
Trust Company, Monroe, La; Twelfth
District, John S. Drum, president Saw
ings Union Bank and Trust Company,
San Francisco.
Functions of New Body
The scope of the new council is in
dicated in the following resolutions
which were adopted by the representa-
tlves Of the state banking associations
OF thlrty-three states present at the st.
Louis mceting:
Whereas, The extraordinary condi-
tions through which the world is now
passing has developed new problems
and greater possibilities which
must be met and solved by the bankers
of the United States, and fully realizing
that the welfare of the nation can best
be served by the fullest extension of
both the national and state banks sys-
TENS, neither system conflicting with
the other, but each cooperating with
and assisting the other in financing the
war, in developing our natural re-
sources and in extending our COM
merce; therefore, be it
Resolved, By the representatives of
state banks, trust companies and
private banks in association assem-
bled in the City of St. Louis, Mo-. on
July Is, 1918, as follows:
"Flrst-That we approve the call for
this meeting, which was made by the
supervisors of state banks and trust
companies.
Second d-That we recommend that
state banks, trust companies and pri-
vate banks, savings banks, located in
the several states form a state organi-
zation Tor the purpose of conserving
and protecting those local. privileges
and interests which have been dcvel-
opcd and become inherent in state
financial Institutions; and for the fur