Lampasas in Lampasas County, Texas — The American South (West South Central)
Near Site of Organization of Texas Bankers Association
Photographed By James Hulse, June 14, 2021
1. Near Site of Organization of Texas Bankers Association Marker
Organized in 1885, this group is the oldest and largest (with 1,150 member banks as of 1969) state bankers association in the United States.
Inspired by the ten-year success of the American Bankers Association, two young bankers of Lampasas Springs, Frank R. Malone and E.M. Longcope, composed on May 26, 1885, an enthusiastic letter presenting the need for a similar group in Texas. Being loyal citizens, they also promoted Lampasas Springs as the convention site, praising it as a "Great Spa" with "Scenery...sure to inspire grand thoughts".
Published in the Galveston News then the leading newspaper in the state, their plan brought immediate response. For the next six weeks an advertisement in the "News" each day announced the future meeting.
Thus on July 23, 1885, thirty-one bankers from all over Texas convened here in the plush park hotel for a three-day organizational meeting, characterized by the many dynamic young (under 35) men present. Jas. F. Miller, member of congress and of a private banking firm in Gonzales, was elected first president. The provisions of one of the resolutions passed at the meeting - to provide for the chartering of state banks - have been state law since 1905.
Erected 1969 by State Historical Survey Committee. (Marker Number
this page online
Topics. This historical marker is listed in this topic list: Industry & Commerce. A significant historical date for this entry is May 26, 1885.
Location. 31° 3.946′ N, 98° 10.666′ W. Marker is in Lampasas, Texas, in Lampasas County. Marker is at the intersection of East 3rd Street and South Pecan Street, on the left when traveling west on East 3rd Street. The marker is located on the north side of the Lampasas County Courthouse. Touch for map. Marker is at or near this postal address: 501 Fourth Street, Lampasas TX 76550, United States of America. Touch for directions.
Other nearby markers. At least 8 other markers are within walking distance of this marker. Hanna Springs (here, next to this marker); Lampasas County, C.S.A. (a few steps from this marker); Gunfight at the Lampasas Saloon (within shouting distance of this marker); Lampasas County Veterans Memorial (within shouting distance of this marker); a different marker also named Lampasas County (within shouting distance of this marker); Lampasas County Courthouse (within shouting distance of this marker); Horrell-Higgins Feud (within shouting distance of this marker); First State Meeting of the Daughters of the Republic of Texas (within shouting distance of this marker). Touch for a list and map of all markers in Lampasas.
Also see . . . Texas Bankers Association.
Their chief objective in organizing(Submitted on June 19, 2021, by James Hulse of Medina, Texas.)the association was to promote legislative and regulatory changes for banking, specifically to bring about the repeal of the constitutional restriction against the chartering of state banks. Coupled with the state bank issue were others, including the question of the gold standard and the coinage of free silver, and ways of aiding capital formations to encourage the development of business and industry. Source: The Handbook of TexasPhotographed By James Hulse, June 14, 20212. The view of the Near Site of Organization of Texas Bankers Association Marker
Credits. This page was last revised on June 19, 2021. It was originally submitted on June 18, 2021, by James Hulse of Medina, Texas. This page has been viewed 116 times since then and 7 times this year. Photos: 1, 2. submitted on June 18, 2021, by James Hulse of Medina, Texas.
