[Volume XXV
THE CHICAGO BANKER
18
of the sister chapters which have more years to their credit. Notwithstanding this fact, however. we have progressed to the point where we want to entertain the annual convention in the year 1909, and we are out to make a good fight, feeling that we can win out if we can obtain the support of some of the larger and more important chapters.
No city in the United States can offer greater inducements for the 1909 convention than can Seattle. Heretofore we have been rather reticent in inviting the large conventions to meet here, feeling that our hotel accommodations were not of the best, and our facilities for handling the crowds might not be adequate. This feature however, has now been entirely eliminated, and we are sure that if we are fortunate in securing this convention for the year 1909, we can make it so successful both from a business and pleasure standpoint that it will establish a precedent, which it will take constant striving to surpass. Then too, the Alaska-Yukon Pacific Exposition opens here in May, which in itself would be a sufficient drawing card, and would prove the main feature in the way of entertainment.
Our delegates to Providence will be B. W. Pettit, paying teller for Dexter Horton and Company, and L. H. Woolfolk, of the Scan-dinavian-American Bank. They are instructed to go after the 1909 convention and are not expected to report back home at all unless they get it.
We have here the grandest mountain scenery the world affords. To the West can be seen the sharp, rugged peaks of the Olympic Range, the most prominent being The Brothers, Mt Constance, and Mt. Angeles. To the East, overlooking Lake Washington, the Cascade Range stretches out from North to South with Mt. Baker at the extreme North and Mt. Rainier about sixty miles to the Southeast. If time would permit we could take you to the top of one of these snow-capped peaks, tramping for miles over fields of snow and glaciers, while your folks at home are sweltering under the rays of a midsummer sun. But we have more than scenery. Here are the greatest lumber mills in the world, manufacturing concerns of all kinds, great shipyards, a naval station always filled with war vessels, and fish canneries always working full blast during the salmon run in the summer. I might say, too, we have some of the most up-to-date banks on the Pacific Coast.
Some of my Eastern friends have informed me that Chicago has gone on record as supporting Milwaukee for the 1909 convention. If this is the case, I suppose Seattle is up against it, but we want to convince both Chicago and Milwaukee that it is the 1910 convention they want and not the 1909, as that is our exposition year and Seattle will be a convention city for that year in particular.
The Philadelphia Delegates
The Philadelphia delegates to the Providence convention are: John G. Sonneborn, Ninth National; Freas Brown Snyder, Merchants National; J. Norman Ball, Brown Bros. & Co.; John C. Knox, Bank of North America; E. J. Morris, Manayunk National; H. T. Montgomery, Savings Fund of Germantown; Frederick Butler, First National; William S. Evans, Rufus Waples, Banker ; H. R. Kneezel, Philadelphia Saving Fund Society, and E. Leslie Allison, Fourth Street National.
T/»
Pittsburgh June Bank Clearings
June bank clearings in Pittsburgh were $169,-529,794, the smallest for the month since 1899. Clearings to date this year are $1,030,706,810, compared with $1,423,314,076 in the first six months of 1907 and the smallest for the same period since 1904. Exchanges for the first half of 1908 were smaller than for the same period in 1901, 1902, or 1903.
ganization. He now is a trustee of the Institute and is connected with the Mercantile Trust Company in an official capacity. It is expected that the Western delegates will line up behind him with considerable unanimity. New York has a candidate in the person of Newton D. Ailing, also a trustee, and at present connected with the Nassau Bank. He will expect Eastern support.
For the vice-presidency the present recorder of the chapters, Samuel J. Henry, National Savings and Trust Company, Washington, has been put forward. W. E. Bullard of the Peoples State Bank, Detroit will stand for the secretaryship.
The New Orleans Chapter has come out in
FRANKLIN L. JOHNSON The Official Candidate of the St. Louis Chapter,
A. I. B., for President of Associated Chapters at Providence Convention
a circular letter signed by its principal officers asking support for W. B. Machado of the Hibernian Bank and Trust Company. He has been president of the New Orleans Chapter and gave entire satisfaction in that capacity.
Of those already spoken of and endorsed by their home organizations for places upon the executive council under the new constitution are the following well known chapter men : Polliard of Pittsburgh, Herrick of Cleveland, Jackson of Chicago, Dey of New York, Havens of Providence. There will be other entrants no doubt but it is sufficient to say that the big national contest between the East and West for the presidency will absorb considerable interest and that the placing of the other officials will depend largely upon the outcome.
־V*
Seattle Also Wants 1909 Convention
By President L. JI. Woolfolk
The Seattle Chapter of the American Institute of Banking is young, and by reason of its youth has perhaps not accomplished as much or possibly been heard from as often as some
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tutions in New York City be required to keep a larger cash reserve.”
Pittsburgh for the Affirmative—W. C. Gun-delfmger, Commonwealth Trust Co.; J. E. Ro-vensky, First National Bank; George FI. Rankin, Wilkinsburg Trust Company.
Chicago for the Negative—Charles W. Alison, Northern Trust Co.; C. R. Wheeler, Continental National; Benjamin B. Bellows, Chicago Savings Bank and Trust Co.
Judges—Hon. Frederick H. Jackson, ex-lieut.-governor of Rhode Island; Hon. Joshua Addeman, vice-president Industrial Trust Co., Providence, R. I.; Louis A. Waterman, attorney at law, Providence, R. I.
Steamer from foot of Hay Street at 5 o’clock, for Field’s Point, where a genuine Rhode Island clam bake will be served. Return to Providence at 6:20. On landing special electric cars to Rocky Point and then to Roger Williams Park to attend band concert.
Dancing in Casino 10 o’clock to 12. Music by Hope orchestra.
The clam bake dinner will be the special offering of members of Providence Chapter to the delegates. All other entertainment provided through the courtesy of the banks of Providence and the Providence Clearing House.
Saturday Morning, July 25th, 1908—11 o’clock.
Invocation—Rev. Edward S. Ninde.
Address—Mr. E. D. Hulbert, vice-president Merchants Loan & Trust Co., Chicago, 111.. “Our Banking System.”
Annual reports of officers and committees.
Selection of convention city for 1909.
Election of officers.
Saturday Night, July 25th—Banquet at Churchill House, 7 o’clock.
Toastmaster — Hon. Rathbone Gardner, president Union Trust Co., Providence, R. I.
“Matured Obligations”—Mr. John T. P. Knight, secretary-treasurer Canadian Bankers Association and manager Montreal Clearing House.
Address—Hon. John H. Higgins, governor of Rhode Island.
“Assets”—Mr. O. H. Cheney, deputy superintendent of banks of state of New York.
Address—“Public Sentiment and Currency Reform,” Mr. W. A. Prendergast, New York City.
Music by.Fay’s orchestra and Orpheus quartette. Ladies’ theater party at Keith’s.
The speeches at the banquet will be limited to half an hour each.
The convention special train carrying delegates from Western and Northern Chapters to leave Chicago July 21st at 1 p. m. via the Michigan Central railroad, due in Providence early Wednesday afternoon, will carry over 100 delegates. Car diagrams are in charge of George A. Jackson, Continental National Bank, Chicago, who will gladly give any further information desired about the special train. The delegations from Pittsburgh, Philadelphia, Washington, Richmond and New York City will go via ocean steamers direct to Providence boarding the steamers at Norfolk, Va., and New York City.
Associated Chapter Candidates
The sixth annual convention of the associated chapters of the American Institute of Banking which is to convene at Providence, Rhode Island, July 23-25, will have the usual interesting time in deciding upon its elective officers. This annual election always constitutes one of the most enjoyable features of the big chapter gathering.
Already there are two strong candidates prominently in the field for the presidency. The first one to enter was Franklin L. Johnson who was officially endorsed for the place by the big St. Louis Chapter in which he has been an active official and worker ever since its or-