| Show arA RIi iNAe N FRANCICO DAN l o J Jt t Hearty Welcome Extended to the ther r Capitalists lIsts io r rON ON TIO MEETS METS TODAY I n L t SESSIONS OF OP SKY lUi ORGANIZATIONS San Francisco Oct 20 Rapidly the hotels are fUnD filling up with delegates to toUte the Ute convention of the American Bank Bankers ers era association Fully 1500 1400 1 persons ia in attendance on this real convention have haye so 80 far come cOin In hi on the special trains tris sent east t across the flue by b Ute the leading railroads In addition to these there are other ethel thousands s who have bave reached California over the regular regual loutes of or travel on regular trains I It is 18 the consensus of opinion among the delegates that the lbS arrangements alla Lt for forthe or orthe the tile convention are meat t complete and anet the tIM welcome extended by bT California and by San Francisco the most hearty the association has bas ever eTer experienced Sev Several eral ersi smaller conventions were In pro pill progress gross gress during the Ute day The California bankers b kers met at Steinway hall ball the Trust Company section of or the Amen Ameri American can Bankers association at the Cali call California California fornia theatre In the morning and lid the Savings Bank section in the afternoon at the lecture room of the Academy emy of ot Science building But the bulk of the delegates are Interested mainly malal in la the general con convention convention which assembles w at It 16 1 tomorrow morning morn In the California theatre and Ad they th seemed to 18 t pay pal little attention to the meetings of or the va Ya various various rious sections Trust Company Section The Trust t company co section met m In the California C theatre r with E B A Potter Potte chairman of the executive committee presiding in la the absence of Chairman i John Tolan E B Born There was wu a fair at attendance attendance I of delegates The visitors were welcomed to San Francisco co by Frank J Symmes representing the mercantile interests of or the Ule city The response M was made by Chairman Potter who paid paM a tribute to Califor California inn nia hospitality which was wa equaled only he said by the unbounded re resources rei resources sources of oC the state tate The report of the ue secretary of the section snowed showed a balance ef cC 2 2513 19 In Int th lb t h treasury and a total membership of Ml SIl l V VAn S SAu An Au n interesting In tere paper was wu read by Philip S Babcock trust officer o of th the Colonial trust company of New York His HI subject was Wall Escrows Borrows a Varied and anet Profitable Feature of Trust TrUItt Busi Business Burl ness Den Mr Babcock reviewed the theoa va a ailous rous ilous forum form of ot escrows the t occasions 5 that usually call for their use Ulle the mul multitudinous details detail arising from their employment and the profits arising from commissions c Secretary Branch then rend the pa paper paper paper per on OR Trust Companies as Trustees written by Lyman J Gage Oage president pre of or the United States State trust company or New York City Trust Legislation P C Kauffman vice president t ot of the Fidelity trust company of Tacoma Wash read a paper on trust tru t compan companies C ies J 10 in ha the e t northwest He reviewed trust legislation in Oregon Wellington w and aM Idaho The trust movement in that section he be said was w of too recent birth to have achieved a position po of Import Importance Importance Importance ance and as yet did not differ mater materially laUy lally from ordinary banking business but the future fut development of the vast 1 o OB e the coast coa t promised prom ed a bright future Clark Williams of or New York read a arler brief paper on the business of pf trust companies compau of or greater New Now York and d the then necessity n for tor cash reserves The de dc deposits posits of the trust compan companies companI leg ies I aggregate a te Brecken Breckenridge ridge Jones Jdnes first vice president pre of or the Mississippi alley trust t company of St Loum Lou Mo was wu elected chairman of or the section and the following were I E ted members of the executive com corn committee committee to serve three thre years Clara Clar Williams of or New York vice president of the United States Stat Mortgage and Trust Co E B H er of Allen Allentown Allentown Allentown town Pa treasurer of the Lehigh Val lIA lay trust company and Frederick W fiene president of ef the rn Mercantile trust company of San Francisco Replying to a suggestion that strenuous efforts be made to se so secure secure cure a larger largel attendance at the next annual aDanal meeting the th chair chairman man nine saM Said that tt the unusual con COD conditions doubtless kept members away the chief causes a uses being the dis dla distance tance t nce of the convention from roen the east where most of the trust truet companies are ar located and the financial situation of or today toda in Wall street and other cia dal centres After Atter passing patac a vote of ot thanks to the of San Fran Francisco cisco deco the retiring officers and nd the gentlemen who presented papers the I meeting adjourned This afternoon the California Bank Butk Bankers I ers association and th the Savings Bank BankI section of the general convention are in Inton I ton |
