| Show r fiVE iHO o BANKERS IN SESSION Gather in Chicago from Every State fn the Union and from Cuba and nd Hawaii Hawai TALK PRACTICAL BANKING of on n Uniform Bills 11 Of or to I Ih ho hit 8 pt 14 1 re from every Fail In the Union nd ni representatives of financial Institutions In Cuba and All d today In the tho open In Ie lon of le tho annual Annul convention of tho Iho American Bankers Hank here here Tho fhe convention wan 01 called to 10 order or PI by the Ih George GeorgeM M of Hie Conti Continental tank bAnk Chicago In the t theater In the of clo Ilo o e to 11 delegates of the committees and Ill 1 of the and Ild the addit of welcome and the ro jK filled the morning moring t 5 lm Ion The he principal add res w of the tl day 1 by b James J 11 of the Great Irot North em 1 Hallway company on Wealth and the schedule Ih ull l I Ifor for the afternoon t lon and was to bs b preceded by b an 8 n address by b Comptroller of f U J o tl urmy on 01 nf oe the th Comptrollers The program lr rm of Ihn day III con Cn an 11 Informal address by h t n C ollOn fluker of the house houpe of ot rep rp A prominent feature of the first days o frt 1 session wa the th of practical banking uc by delegates ov of or Illinois ami Joeph T 1 Talbert president of If the Chicago Clearing HouR Hous as the Ihl bankers bankeN to the state and city Col J of A tnt On Ga for former foJ mer mI of Ir the re responded rt George M I Reynolds n of prell dent of the association delivered hU hla ad 11 ed I Committee reports were then OS O OF W Four I Cur Important results are to be he re ro reported ported our OUI last report 1 The lh II r on uniform state Iato laws after four years of consideration have completed their draft of the uniform hill hi of lading act aN for tale state adoption and have room minded same amI for tor enactment Into II to law by of 2 Z The Canadian railroads all 01 adopted the bill bi of lading rec recommended r by b our Interstate commerce commission Including form torm colors cloN and with but slight and dl ng In Its Is provisions 3 Four our states have enacted Into law the hill hi of o lading measure Ilare drafted by counsel on n behalf of our com committee On under Instructions I of the vari various rl ous Ol banking association bIl of lading committees last 4 That In official clarification cI tion lon territory havo authorized all 11 agents who Issue order bills bl of lading to place tile tle OrM stamp of ot their agency on such bills and further hoe hate Issued a 0 ruling that all al straight and order bills of lading should be made iad out Olt In Ink Indelible pencil or Ih lh bu bi typewritten and all al order bills bl of lad lal ladIng Ing InK should have the number of l c car numerals ar shown holn In ora n A wel ell as 11 In In addition Important progress has lu been madu Ildo to leUr congressional leg legislation legIsla Isla ton on of ot lading lad In which will cover cor Interstate shipments Since our Ia lat t convention and In II iC ic with wih Its 11 Instructions Ip i of the new uniform bill bi of recommended by I the Interstate com commerce cm merce commission distributed through thru h the several ral bil of lading com committees C of state banker association to bankers banker throughout the country rs N BILLS At this wa W lUl r glad to report that practically every eo railroad u II the Ih new nel uniform bill of on the forms and am In the 0 colors by b the Ilter tat MOM the tle yellow elow forn form of ot order oler and nJ the white whit form forn f i straight bills of lad ladIng ladIng Ing and your that tha bankers loaning on bills of lading make sure the form they the receive U II the order or ellov elow form It 1 Is II with wih some fome regret r Rrt that i we notice a I few railroads mi rad I ai lue mime of ot tho th provisions lons qt Q tho uniform bill bi of ot lading agreed upon by stamping now condition on the Ih face should carefully and reject any an anch such ch bills bi I A few railroad alfo e 10 have teen led to IU n I form similar In appearance A but with wih a R num number nUI ber berlI w f vital provisions differing from those thoI recommended by the At the suggestion of a number of Important 8 of ot trade our up ap VH wa granted to the tho form of ot resolutions which r wen b blen en parse l by b the Iho various hoard of ot trade I I exchange throughout the th coun country try Ir which provide thai tun hereafter no 10 drafts bo paid by I their members when the bill bi of lading shall have been Issued IR ul bv Iv the Die carriers without the thE following safeguards 1 1 lr bill hi of lading must In nil al to tb signature beAr b r also aI the official stamp of ot the Issuing signature such lurl stamp giving date of bis 1 t All Al the writing on In said lB II bill bi of ot lading must I In Ink or lm pencil and MII the tl q I receipted 11 far be bl written In full In III addition to 10 the numerals Ilm Irl II With Wih the belief that the th ulyer al l adoption l I the nf o these a fe will 11 r I claim and ni fraud your executive council rOII at atIt It spring 1111 meeting resolution endorsing this action of nur mercantile I tile friend and ld In the journal that members of ot the Ihl association tion ton handle bill bil of lading draft whre bill hi of ot landing attached con conformed formed tormo to them requirement Al AI ul I isad staled at the th beginning nf of our the carrier In oll have Ia adopted Ih lim and It Is I I expected that railroad In other section ton of the country will 1 do 10 vat at and ond Intricate lf nature nf of the subject and alli the tle fall fact that four separate am nr affected has hl rendered progress 1 Ilo jet 1 1111 son lon of ot the th situation inda with wih wb whAt t tIt It v f three vears ngo when len wa t shows hol a ot si f of Our goal U I n IW w In sight II I h I und In ie f Ihl that thal wih I Ih of lt lur fellow banker aJ lit re ed Irude U will I b bt lone 1011 b f |
