Salt Lake Telegram | 1929-09-29 | Page 50 | Bankers Meet Goes to Seattle

a- a BANKERS MEET GOES GOES' TO 10 Sf SEATTLE A OGDEN N Sept Se S-Se Seattle Wash w was s selected as tho the meeting place for the tho seventh se th regional trust company com coni- pany conference e by b delegates delegates' at the el closing session of ot the Ogden Elks club Friday afternoon Tho Invitation was presented by Varian Varlan S S. S Green vice Ico president of oC the Washington Corporate Fiduciaries rI r- r I los ies s association and nd n motion motion mo mo- tion of oft Lono no D. D Webber vi i vice o e President president dent of C the First National Bank Tr st Co of r San Diego San San go had l been e n a 3 strong cOntender contender contender con con- tender for tor the time 1930 1130 c conference Mr Webber r 1 said but withdrew w In favor f vor of Seattle S attle In the Interest t o of or continued continued con con- harmony harman within the time organ organ- SIMMS PRESIDES R R. M. M Simms vice Ice president S of oC U the e American Trust company compan San Francisco was the thc presiding officer at the tho Friday aft afternoon meeting The Tho principal address of or the afternoon aft aft- ern on meeting was ms presented b by A. A Ct C Robinson president of the Peoples People's Peoples People's Peo peo- ples s' s S Savings l' 1 Tr Trust st Co of or Pittsburg Pitts- Pitts burg Pa PaA PaIA A itA large percentage of ot the total wealth of ot the time cou country Mr t son said MId Is In trust departments and Is Is' being added to at an accelerating rating rate I and d. d this concentrated wealth is 18 to tobe bc administered for tor the next fifty or a 1 hundred years years Even ren with the laws against accum accumulation I and and perpetuities our OUI experiences lIro prove e that a n. tru trust t c estate l tG o received re reO re- re I Is apt to stay on In our care arc either by new new will or or orb b by volu voluntary trust even ven after the original trust ha ima ha t terminated r Mr Robinson pointed o out t that tr t companies q will have to ad ld administer administer ad- ad minister the estates In their keep keeping In I In such m manner as to forestall violent vio yb- 10 l lent nt measures at the hands of the th and t OTHER SPEAKERS OTHER SPEAKERS Other- Other speakers oti on time the afternoon moon program were Howard Hoard O. O Edmunds vice president of the he Northern Tru Trust t company Chicago Gilbert T. T Stephenson steh Ste Ste- h ngon vice pres president of ot th the able Trust company compan of ot Wilmington Del Resolutions were adopted at the session e national confer conCer con conference ference fer- fer ence of of commissioners on oit uniform state tate laws laws' to defer adoption lon or defer deter de do- fer tr submission to the the- various state t tc legislatures s' s of t t the te e er r proposed uniform uniform uni uni- form principal and Income act until the act shall have been submitted for 01 to the trust c corn com rn- rn of the American Rankers Tank Rank ers era association and all ll other re regularly regularly reg reg- c constituted corporate fiduciary fiduciary ciary clary a. a associate organizations and bodies listed with the division n The final event of of the Uj tl conference was a a. dinner dance Friday night In Inthe Inthe Inthe the ballroom of ot the Hotel Bigelow pr preceded ceded by a a. short rec recital tal b by th the J Ogden tabernacle choir un under erthe the dIrection dl dI di direction of or L Lester ster H. H Hinchcliff A few of ot the delegates left late Friday y evening but but the planned to le leave leVe Ve Saturday morning f San Francisco where will fo o o many attend the annual convention of ot the American Am rIcan Ba Bankers Bankers' kerR association