The Waco daily examiner. [volume] (Waco, Tex.) 187?-1888, 1883-10-11
MANr1Iw>' CONVENTION.


LouryILLE, October 1O.-Ihc Nation
al Bankers association met this morning
in The Mas me Trmp About ono
hundred members were present. prrsl-
dent Geo 5. Coc, Of New York called
the convention to order and rrad the
annual address, which WIS received
with appliance by the convention. At
the conclusion of the address the eNecu-
tive committee announced that they
were not ready to report. Sccrctu y
Murslnud read the trcnHurcr's report.
Banucr on hama from lnst ycHr,
eJ,OOJIl; rec wed SlGIILl3, dishurAc-
mcuts, Sl2, 1923; ON hand, Si,3i1J6.
Report Of the auditing committee rrnd
aud adopted. Hon. duo j Knox, comp.
trollcr Of the TREASURY, then introduced
and took up the question OF the differ
uut systcms Of huuklug companies,
comparing the national system
with the old state banks hcf re- the war
An eN eucucc OF twenty ycurs slows
thut the mat 'oum systcm ls the best yet
devised, having won to its support ltH
'urmcr opponents. In proof Of tins,
kuuX give a large list NJ new national
banks OrgumIrl last year. some Of them
IN localities where the demand wus sup
rhci. The average Issue Of these
banks Is equal to- ouc-qua'trr
of the capital stock necessary lie RE
commended the loauS made 10y France m
and Of colonies IA royul ItIuu to he pad
aud methods adopted by the United
States tu meet and hquidnir those
claims. Closing with grar FIJI tribute
IT, Washington, under whom the debt
incurred, and who aftc wards com
ploted arrangements Tor its puym Mt.
Then followed nu exhibit Of the public
debt of the great nation, the average
interest BIO ne and he showed that on
these buudg "a safe system Of banking
might be bHsrd and sugEestcd that
the United States ba kers might
safely use tham for that purpose, lie
did not uppose IT probable that con-
Rrcss would consider such pro usltlou
vet, but It wns u subj ct that might safe
ly challenge the careful consideration
of tine assOcia. ion. Senator llawlcy,
of Connecticut, wns introduced, dcliv-
crng hort address III winch he re-
ftrrrd 10 the duty ~ congress to lrgis-
late on the subjects discussed by the
convent On, aud prayed them to careful
ly work sp Hs to prOIu'ly present tucm
to .he law making power and lead It
10 proper consideration Of the same,
Rev. j. II LludcrbetRer Ut Louisylllr,
wns introduced aud read papers.
At the afternoon session VIM j.
Stone read u paper on the que tons
"Shull the retirement NJ three per cents
cuutluucY "Shnll low rate long bonds
be- issued to bnnk ~ "ShaIl tax ON
untipual bank ci cuInliou be removed Do
LOUISVILLE, October u.--Lindrubyrg,
moved W the conclusion II his address,
the following
Received, That adherence hy the GOV
err mcut tu lhc policy which will attract
to IA an abWlvnt supply OF gold and
silver u- the recognized money OF th,
world and cHu.r It's drtu.iuu among the
people N currents OF business vail ~
. courage the most rapid development 81
our resources md stimulate Ia gr,n'cl
activity Our productive Industries and
promote the hcuthirst stctline-s and Il,
hiIty iu tine business Of the COuntr,
Resolved, chat bank note clrculiIiun
absolutely secured aud ISSUED under am
pie safeguard tor It's redemption, on de
mand IN coin, il u,cc-sa tor the con
v"uiclt uan-aeiiOu ot the business 81 ,hl
country, and such "a circulltion can hes
hc pluy'dg d Though the continued opera
ton Of tine National bank net; az hu- beer
nlte-ird by tho experience OF the lac
tNruiy gears.
Resolved, that the retirement OF TN
legal tnui,r notes by gradual prorcs
"hcli will nni hr battle tu rmbrrs
the bus urHH Of the country, will be- II
accord with the purpose ~ the govern
ucut, at the time ~ their issue IL wal
bee the iiugl etcih, accomplishing the ful
return, by government, 10 "a com basin
II wIlI tend tu an Increased supply "a
in, Will give tree course 10 gold aul
silver IN commerce and NuHuciu cui
rents, aud afford uu hmulr basis FOR re-