The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-08-28
DIAMONDS ON HIS CATERS.
Dazzling Gilt-Edged Financlers ut the
Springs.


SARATOGA, Aug. Is. The hotel clerk |
Mt the Grand Union has been in a de-
spondent mood for some days. 1t was
generally supposed that his two-horse
power diamond was the leading gem
outside Of the crown jewels, but this be-
lief has been shattered since the meet
ing of the bankers convention, now in
session. The hotel plazZas glitter with
brilliant gems, and the city authorities
have ordered all the electric lights to be
left unlighted while the bankers ARE i'm
the city. The hall where the convention
is being held is swept out every morn
ing by the ianitor, and that lucky ndi-
Nidual has already purchased hand
some cottage and drives home in his cle-
CANT landau every night all purchased
from the resdlt of his sweepings.
Rotund men with high hats, GOLDEN
brodered vests and silver buttons ON
their coats, were driven to the hall YES
terday afternoon in freshly painted
hacks, the drivers of which were so well
rewarded that they Immediately drove
back to the stables and asked the pro-
Iprietors how much they would take to
Sell out.
Mr.. Lyman j. Gage, president Of the
| First National bank of Chicago, Illinois,
| who wore diamond buttons on his laven-
der CATERS, was reelected president of
| the American Bankers association, and
Mr.. Logan G.. hurry, Of the United
| States bank of New York city, was
| elected first yice-president.
/ President Gage took Off his $50 hat,
| laid aside his 81 700 cane and said:
"F'ellOw Bankers-One of the princi-
! pal questions which we have met TO con-
slider is the lamcntable disposition which
bank cashiers have lately shown to run
of with the funds of their institutions"
Loud groans, during which one mem
| Der remarked: "rhat's so, they don't
| give the presidents half a show Mr..
Gage continued:
"rhis has become SO common that
many Investors, particularly females
have returned to the old custom of estab.
fishing "A bank in their stockings, greatly
restricting our business opportunities,
! shall be happy to receive suggestions
ON the subject from any Of the mem
bars
Banker Washington Il. Williams, of
Newark, New Jersey, referred icelngly
To several former cashiers of that city,
who are now rusticetng for
various terms at Snake Hin,
and said: "Wuuld IL not be a good idea
have "A couple of Pinkerton's detectives
stand beside them during business
hours? OR the cashier might be locked
into the safe every night by the direc-
tors and taken out only when business
required his presence"
sir. Daniel Gary, of the First National
Bank, of Albuquerque, New Mexico.
doubted the efficiency of these plans.
He related an instance which had oc-
Cured in his city, where the cashier was
relocated to the cellar after banking
hours every day; but one morning the
Directors found out that he had taken a
trip to Old Mexico, carrying the cellar
win him' Mr.. Gary thought that the
only way to prevent such speculations
was to establish faro bank upstairs i'm
every national bank, and to run stock
buc ket shop in the basement of the
bank building, All the officials could
thus speculate freely among themselves
ana outside parties would not get any oi
The money,
There was lively debate over this
suggestion, and while the interest was
Mt its height u man put his head in at the
door and loudly shouted: "All ABOARD
for Canada
a scene of great excitement ensued
Men grabbed their satchels, stuffed rolls
into their pockets and rashed for thu
door President Gage, however
leapod forward and prevent C
any cgrcss. Several member
Jumped ont of the window
and escaped, but after u few moments
the excitement somewhat subsidized anC
the business Of the convention was re
: ~umcd.
Banker Palmerof Atlanta. TIA, Offered
a resolution requesting chcck-raiser
70 cease their operations rs "A persona
favor 20 him, he having lately paid on
SlOO,OOO on check which was raise,
: from SlOO.n "l.ittle things like this,
said MIR. Palmor,"have u Worrying eilec
aud should be avoided by all bankers.
Banker Lane, of 81 Louis, asked il
were true that the cashiers intended re
turning TO the old plan of being tied i
, = sack ana beaten Senseless while thoi
i tathcrs-in-Aw run oil with the banks
funds.
The President promised To inyestigat
y The report, and then read the iOllowin
u kilograms, which he had lust received:
QuEniC, Aug. Ia, 1884. Sorry cannC
he present, but an engagement with tn
Marquis OF Lansdowno prevents. Wh
. don't you hire bull dogsS ESQ.
d MONTREAL, Aug. II, 1854. Have jus
= arrived, and an engagement with tl
+ Governor prevents my attendance. Fin
/, country. Come over and see me.
II DICKINSON.
Il Other kilograms of regret from tourist
q now in 0anadn were read and the COL
}, vention adjourned until tomorrow.
II by Promissory Note to New Yor
Morning Journal.
. ----rs-a