The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1882-08-18
THE SOLID CITIZENS.
Proceedings OF the Bnukers' Association

t-Lsih. at Saratoga. .5at ~
SARATOGA, August lin the Bankers
Association, Ilewey, Of Mobile, gave a
brief account Of the crop prospects in the
Southern States, which is good. The
planters OF Alabama are getting rid OF the
incubus OF debt. The mineral wealth OF
the State is great and only needs capital to
develop it. The improvement of the rivers
is doing much for the State.
w. II. Perkins, Of Mississippi, read q
paper on the industrial growth OF Alissis-
sippi and the cotton States. ~
Logan II. Roots, President OF the Mer-
chants Bank, Of Little Rock, gave a glow.
ing account Of the progress OF business in
that State. The old times, when planters
considered it necessary to keep in deb, to
avoic commission merchants, have passed
away, and new crop is being made with
great economy, so that planters will have
much money ahead next fall and winter.
He called for capital to developlhe mineral
and agricultural resources OF Kansas, also
for young men to act as bookkeepers and
| accountants. -u-rT
R. VI. Nelson, OF Alabama, made brief
presentation ofthe condition OF things in AL.
ALBANIA. Hestated how everything is now
prospering, and claimed the South 10 be
the most prosperous country OF, the world.
| lie eulOgized Thos. Scott, OF Pennsvl.
yania, who opened q, railroad there and
said that now railroad M Alabama can.
not obtain the means to move the; freight
Offering. S!S
The Executive Council presented reso.
luton, which was adopted, viz: In relation
to the amount OF notes authorized to be
issued on bonds deposited under the re-
cent amendments to the National banking
law. 1t claims that reasonable construc.
ton of section 10 authorizes the Comp.
troller to issue to banks having over $780,.
900 capital circulating notes equal lin
amount to tile par value OF the United
States bonds deposited to secure the same,
when the par value does not exceed 90 per
cent, Of the current market value Of such
bonds; also that such construction OF the
law enlarging materially, as it would, the
foundation on which rests the system OF
National bank currency, and would be
highly beneficial TO all business interests,
as it would tend to retire a considerable
portion OF their circulating notes; also that
If the Comptroller OF the Currency shall be
unable to thus coustrue. the existing law
this convention hereby recommends such
issue OF circulating notes to the National
banks upon the Aforesaid basis.
J. NJ. Fetter, Of Kentucky, offered reso.
luton asking that some means be sur.
gestcd by the Executive Committee where.
by an interchange OF information regard.
ing borrowers may be made between the
banks in some localities to prevent per.
sons receiving too much credit. r,ss,:
W. E. Gould, OF Portland, offered a
resolution for n committee OF three to
take into consideration the laws OF the
various States regulating savings banks,
and present to the Association next wear n
plan for organizing and maintaining such
institutions, whereby certain essential fea.
.ures may be incorporated into the several
State lava, so they may be controlled BY
its more uniform legislation. The com.
mittee is W. E. Gould, Portland; A. B.
Hepburn, Nswfork,and S. D. Lynch,
indianapolis.
The Committee on nominations report.
ed, presenting Geo. S. Coe, OF New York,
ior reelection rs President: Il. ]. Gage,
Vice President OF the First National Bank
OF Chicago, Vice President; with the same
Vice Presidents from other States and Ter.
ritories, as last year.; except j, Thomas
Smith, OF baltimore, in place OF Daniel
AMMAN, for Maryland. 4 The Executive
Council is the same as last year. The oil.
GERS were all elected. rs ~ %-Gi
a, B. Hepburn then read q paper on
savings banks, dividends and investments.
and was followed by Washington B. vii.
hanson the same subject.
S. Davis Horton, OF Ohio, one OF the del.
egates TO the international Conference Of
Bi.metalic Currency, thought that the sub.
ject had not received proper consideration
IN this country, 1, 5 ~.
All other papers named on the pso.
gramme were ordered to be included in
the proceedings, and after. thanks 10 the
orl!cers and gentlemen who had presented
papers the association a2aiYned: .s'i
E--rS---- sA
Agitation Of Cnnndiuu JcsuIts.
QuEREc, August 1.-THE Jesuits OF Que