New-York tribune., 1882-08-12
TILE RANKhRa, CONTkNTION

DR. George Marsland, corresponding secretary OF
the American Bankers AssocldtlOn III an lhteIflC"
Yesterday SAID
A. t6t, delegates begin 10 arrive Il becomes more
evi lent that the Bankers Convention tHls year VIII
ultfer III many important respects from Ihose "Icn
have preceded It, the Chambers OI COuhtIic anu
boards OF rade Will be more largely represented
taan heretofore, their eLOr tOI freeing the OuS
ness and md ustrial growth from the pressure OF
b!nA taxation nave united them Win tue - JOIs OF
the Baukels Ass JcIatlOu nd interested thein ia the
coming convcnIIOn al winch those laOJIs VIII DC
olscused with other tOplcs acc ing the lhdustII@i
deVeIOpnent ana financial prosperity OF the Couh-
country. Inc saving, Danhs OF NrW-Ehgiauu auu
other states are a4sO 10 be represented more
flIV III consequence o. the changes III tne rate oI
II,.re.t W nicu nave made necessary conaIueraOIe
mod Ii .dtIOus III tine pOHcy ol cohuucllns sdNh-s
1,.I,.utlous with success These notifications
have been studied by various experts. aud papers
Viii be read with reports OF the SUD- ct IheIe are
OOO savings banks Ia the Onl,cl N,aies, haFihg ue
49,, a,nonnliug 10 ryJ9.GJS 376, against
$50, ,OOO, J44 N 1851, ana 600 |Ot,oOO III Ao2O'
rur utuer reasons ,Ie > .4tc Ddnhs are expected
10 be IaIge4y represented at TIE convention, ana
their interests viii form the subject OF specIal con-
,loerau II. ! he number Of these banks ls 1O-f
and the number oi private bduA-Ts 3'O0|. Ihelr
aroregate capital 90, ,OUO,OOU, ana lhelr az
q ega,e depr rslJs @739,OOOOJO. \ cons def4Dlc IN
crease III the number and eihciency oil
our State banks Throughout Jne cOun-
1rv has been developed dLlug the last year
4 ne causes OF this grow ana the prospects OF It's
acceieratIng progress are 10 D. cOusIdeIed. Ihelr
,epo,lts nave increased from T4OI IOOOOOO IN lS'o
500 100000 IL 1850, and 905IOOO,OVO III 1881
a.
az her uIucal officials of \ AcwEugand and several
I er states are pe"ted 10 be present at the con-
veniiou From the south tine deie-ates report that
great Improvement has been growing up dunng
the last wear lhe crops OF co u ana O,tOn promise
veil misunderstanding Is attracting capital and
eu1chlng sec ions Of the country which have long
hren Impoverished aLd undevelOped. Old anImosI-
Ties are disappearing be- ore tn new era OF eco
uomtc renovation winch Is just beginning. lhey also
re.ort dIsplaccmcat OF CotJOD-cu4tufe IN Ger
fain sections ID favor Of catte-raIsing
and the growth OF cereals and food
product~. klch alluvial tracts, here otore
va,u+ioss, are being drained ana planted with
cotton. and large amOunts OF capital are finding
their way INTO this new avenue Oh lucrative lnVcs-
ment. Othe. reports point 10 the condIlOn OF the
negro population which IS sharing the general I'm
provement tnOugl II Is very uneNenly distributed.
The great wants of he south Tor capital Iof diver
slueI indus RAJ development. and lOr Judlcious
emigration from Europe ana from the Northern and
Western states, viii form the cnoI topic OI discus
SION Oh lie last uay OF the cOnYcIl0h.
The prospects are that the DualIcss OF the con-
reuti,u ana The general results accomplished
viii make tuIs meeIng more usc'ul aAd Important
Than the very successful conventions Ot t1e last
two ycs-rs.