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Show SENSATION CREATED if warn mm William E. Hughes of Denver Brings Political Controversy Into Business Session. DENVER, Colo., Sept. 20, A sensation was created at the morning session today of the trust section of tho American Bankers association by tho remarks of Col. William E. Hughes of Denver, who was on tho programme for a welcoming address. Colonel Hughes Injected politics Inlo his speech, declaring that if tho Republicans had reduced tho tariff at tho last session of congress they would bo in belter position to win the coming oloc-tlon. oloc-tlon. and If the Democrats had adhered to their old doctrines and left out thoir many "Isms" they would have Interested Interest-ed tho country far more. Ho was especially espe-cially bitter against tho guarantee of bank deposits. The report of Secretary James It. Branch showed tho trust section to bo In a prosperous condition, with 931 members, mem-bers, S5 more than last year. The aggregate aggre-gate resources of members of the section Is about three and a half billion dollars. 0'er two-thirds of the trust companies of this country arc from the rolls of this I section. j An amendment to tho bylaws was adopted giving a vice-president to each state which has at least flvo trust companies. com-panies. As the bylaws stood a stato had to have ten trust companies to be entitled to a vico-presldent, Brcckcnridge Jones, president of tho Mississippi Valley Trust company of St. Louis, in his address, sketched tho origin and growth of the trust company and showed iis necessity to supplement tho powers and uses of hanks. He explained the -limitations of hanks and showed tho need of trust companies to transact business busi-ness prohibited to banks, especially national na-tional banks. Ills address abounded In statistics, of interest only to those directly Interested in trust companies. |