Volume 2 - ElectricCanadian.com

118 HISTORY OF THE BANKbut others intended that the Association should also carry oneducational work along the lines of the Institute of Bankersin England.At the first annual meeting, the president, Mr. Hague,announced that the Association had already made arrangementsfor essay competitions on subjects relating to thetheory and practice of banking, for which valuable prizeswould be offered. He suggested, in addition, the formationfor educational purposes of sub-sections in various parts ofthe country. At the second annual meeting held in Torontothe decision was reached to publish a quarterly journal, andthis was the genesis of the Journal of the Canadian Bankers 9Association, of which the first number appeared in September,1893. In the following February (1894), the Council of theAssociation appointed an editing committee to take chargeof the Journal, consisting of Messrs. J. H. Plummer, assistantgeneral manager of The Canadian Bank of Commerce; JosephHenderson, inspector of the Bank of Toronto, and EdwardHay, inspector of the Imperial Bank of Canada. Mr.Plummer was chairman of the committee, and it had ascorresponding members, Messrs. George Burn, generalmanager of the Bank of Ottawa; E. Stanger, inspector of theBank of British North America, and John Knight, cashier ofthe People's Bank of Halifax. Under the guidance of thiscommittee the Journal soon attained a reputation which causedmany lawyers and others who were not bankers to becomesubscribers.At a special meeting of the Canadian Bankers' Associationheld in Montreal in December, 1893, Mr. B. E. Walker waselected president of the Association, in succession to Mr.George Hague. Mr. Walker was again elected president atthe ensuing annual meeting held in Halifax, in July, 1894. In1900 the Association was incorporated by Act of Parliament(63-64 Victoria, c. xciii) and invested with certain power> inmatters affecting note issues and failed banks.It is evident that the management of The Canadian