Show SECTION MEETINGS OF AMERICAN BANKERS HELD HELO HELDI I President Laws Says Methods of Government Expenditure Must Be Cha Changed ged Seattle Wash ash Sept 7 The i The various Auctions of oC the American Bankers Bankers' ers ers' as association association association as- as held heM meetings s today to a and to tomorrow tomorrow to- to morrow morning th the big convention will be called to order A new section was formed toda today for tor national banks with third one-third of oC the membership of ot the parent organization enrolled The Tho section elected these officers President Fred W. W Hyde Jamestown X N. Y vice president J. J S. S Calfee St. St Louis Mo executive committee J. J Elwood Elwood Elwood El- El wood Cox Hi High h Point X N. C. C Oliver J. J Sands Richmond Va W. W H. H Bucholz Omaha Neb H H. E. E Otto Otte Chicago o J J.E. J. J E E. Spangler Seattle W. W M. M Van Dusen Xe New York At tho time annual meeting o of the time American Ameri Amen can Institute of ot Banking a total membership membership mem mom of or was lS reported in sixty C chapters 1 ap t e rs President William A. A Law of ot the American Bankers' Bankers association ad addressed addressed addressed ad- ad dressed the Washington State Bankers' Bankers convention con toda today saying sl that before this nation can become properly prepared prepared pre pie pared for successful defense its methods methods meth meth- s of or governmental expenditure must be reformed d and ami revolutionized in order that they the may ma come abreast of ot the prevailing pre pre- standards of business efficiency The executive committee of or the tIme trust company compan section of or the association In Its report presented at today's ses session lon lonor of or the convention urged extreme conservatism conservatism con con- on the part of or trust companies com corn paniCs paniC's in the extension of or business It also held the time i vie w that the tho fe federal eral re reserve reserve re- re serve seT act must un undergo a number of changes before trust companies should consider entering the federal e eral reserve system em |