Savannah morning news. [volume] (Savannah) 1868-1887, 1883-09-25


An unusual amount n interest j. being
taken In the Bankers Convention which
r1a--t- AZ Louisville On the 10th u next
month. and continues in session two, and
re-hap- t1ree. days. This j. the first time
Tue place ri meeting has ever been liked
in tie south. The convention has been
bad ~ different points 10 the Sortn ana
West but b. usually meets ~ sara
t5zz ID The month u August
desire % rs-lt tie LOUISVILLE
Ezpgsitlou and d general wish % meet n
The south caused Louisville ~ " selected
this year. Although October IS 4 busy
month il j. expected that the attendance
particularly from the south. viii " large.
Elz1t thousand invitations have been sent
OUT and il j. not unreasonable 70 suppose
that ~ least half II them viii ~ &C.
c-pted. j. is certain that the whole bank
inz interests " the country viii ~ rep
resented. The mann objects n the
convention arc three: First. 70
give the representatIyes u the
money Interests an opportunity u meet
and confer together with regard U the
financial and industrial interests n tho
country. second. % determine what the
banking aspects VI the country are after
hearing report. from those from different
sections VI the country wh0 are quaiIned
~ furnish Information 90 matters closely
fd.rt7fsJ with banking and third put
-inz Ia shape Tor the benefit ri members
of Congress and STATE legislators what
ever experience has Taught is harmful -
.fhe banking system. " would tend u I'M
prove n. While bankers have large IN
ter--ts in common. they seldom
meet together. and these an
nual conventions. therefore have
been productive If many and great adj
ranrages. when harmful legislation j.
threatened. either 1y Congress Or state
legislators. the Bankers Association
takes bold ~ the matter az once and at
tempt- - supply the Information required
10 bring about clear understanding u
the question under consideration.
At Louisville d. j. expected that
some very able papers bearing upon
financial matters. VIII 5e read. The sec
retarg 81 the Treasury. Commissioner "
Internal Revenue. the Director Of the
Mint and Comptroller 81 the Treasury are
ga rb. programme Tor addresses. \ fea-
ftl-f. NJ tbe convention will be "A sketch.5y
~ prominent bank officer ri the south, u
the system " banking which formerly OK
l-fed in the south and West, and showing
tie superiority 0f the present system The
New York Times. in discussing the aI-
preaching convention II bankers, said:
There j. d peculiar appropriateness at
this time in holding the convention IN the
south for the rapid development u rs
industrial and financial interests has
awakened "a keen interest in the questions
o. ie considered. Owing ~ circumstances
which arc well understood. they have not
heretofore received that degree Of atteH-
ton tler- they have DO the North and
general enlightenment lH regard % them
is u tue utmost importance. ON nothing
docs tle prosperity of the country depend
- much as sound financial methods. and
THESE can snIy De attained and made
secure Pos "A General understanding Of the
principle and conditions on which they
must rest"
The bankers viii have an opportunity
40 Louisville 81 judging what sort q pro-
gross The south is making. Many 81
them. 10 doubt have been 80 absorbed in
rhe business interests Of their own sec
ti.u that they have no definite idea Of the
progress aud development ~ the South.
They know iu vague way that the south
raises more cotton than she did before
the war. Hut they know very little. per-
htr-. VI her diversified industries which
nave Spun. into existence. or Of the vast
wealth iu her soil. mines and
forests set undeyeI0ped. A. they
help o. furnish tine capital which makes
tHe development Of our section possible,
IL Is q good thing that they should see for
themselves 10 what the South is capable.
What tue south has done in the last ten
wears will bear n0 comparison 10 what .
she will do in tine next ten. she l. /
just beginning her career u progress. She T
H. getting only "A few o. the immigrants f.
from foreign countries. ID is true, but she .
is getting very large number from the
Northern states. This class can be found
scattered aIl over the south, and their
number i- increasing all the time. The
bankers viii Dee benefited by holding their
convention DO the south, and the proba- +
blltie. are that the south viii be benefited