New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-08-15
THE BANKERS CONVENTION,
ITS rorles or NATIONAL lMroRrANoE.

SARATOGA, Aug. lathe second days SEES
sion n the American Bankers Asso nation Was eaeu !"
order al lO;45 a. to-day. The hrt business "A ''''
report of Tue Nominating Committee which was re'u Wy
the secretary adop ed. The officers eieo eu arr N'
sam as last ear tn he exception Of frahcs h'gE-'
O. Riggs A Co.. bank rs IN thc place of John A. j Cress
well Wa.h,ugt for the District Of Columbus Jo'enh
H. Ogl Shy, president OF the Louisiana BANK new
Orleans Lon sana, IN place or j. Fanieioh o'sher
of the Citizens National Bank OF Orleans Abraham
O. Bicelow, president of the Mas achus"u' Nau"n
Bank OF Boston. in place Of Charles +. Smith OF the
Continental Bank, Of Bosom. and Isaac panforih'
tr president OF the FIRST National bahA
o. Redmond in place Of John p. Braugn' pres-
dent o. the Merchants National Bank 81 Hachmonu'
George 5. Coe, president " the Nero lants N''io" -
Bank OF New-York was made y rmanrnt chiumau ~
the ex cut We council and james H. Bowie President OF
tbe Eoston National Bank and j. H. Nil ard, president
OF the Omaha atonal Bank, pace OF Chester Could
OF he Bost II Manu- acturers Bank. and j. l. Weller
Neter p esdent of the Union Narona Bank o. Mime
apolis. re pectvey of the same councils
paper Was read by J. j. +. OdeI OF chicago on
The London Bankers Institute" He gave history OF
the organza ion and manner OF conducting It, II has
A mrmbership of Is, 900 aud IS rapidly gro wing
resolution pre,,nte and carried, THAT an
au1il ary membership TO be called 'asso IA mempers
sha estab he'd the dual tcatipDs Of VIII ca shaI De
% service bank or banking ESTABLISHING
for q period not less than i've years, (2) assinc
An examination upon such subjects shall be
presently pr scribed Ivy the Executive Council that
commit Oft rec be a 20 nted y the CAR consul
i'd a. contemplated in the for go ng resolu n, an To-
repor the wncn perfected the TX 'uuVe ~
Geo ge la1ue, OF VI 'nlrea re al a paper on Ohc
N.m Paper" IL refe 10 tie manner 10 whlcd nauk
lug carried on IN England a'd com a. e9 e ,.S u'
with that 49, th United ia He also dtscflneu
mode max loans, etc; gave or r lalemt ~ ne
mode making loans Cana Ia, an made some REMARK
on udo sed ana cured paper an unsecur paper ne
arded tn pfacu e o. borrow NJ omen ru Pdp''
as legit mat Tn leguu ate wa borrow u.s. he al.
to ma a . % %
otse Def re mn. All tie mode snoul he a"onsheu
II d b Nj Coe Of NcW-York, reu a yo,e OF
thanRs to Nj Hague Tor his abe p'per Mt hus e. ~
q elm I'll, seccnde h esout ON IL" : u II = us
ges 10 ny ..e spe k aal been 'lowed an IN Nov
Yo K they Won not no be emef 'ne ron An'n'i''
crisis Inc motion was UNANIMOUSLY cdrhu
BANKRUPTCY LEGISLATION,
The next paper was on by Washington B. williams o.
NeN-Jcrs y, on "Bauru icy Leg sati 'n." Mr.. VIII
iam- fv oual bankrupt law, he scope ~ when
should be- he said:
strict tr de ami commerce 10 the m mocrs q certain
guilds on corpo al on d To prevent OF u''vH you,
hay 10 gapaudonc1 To .uua " we &c -n ID benc.
fetal to tn w Ga 100 ''cn mi lnH. emp 'ti2u auu
en- ur.-e ac witty iu every pa w. uH WIN al W'h
~ ol ''i bri m c'rrel"fiy wi h thrir ri n ana
no ers q 10 business. All en- ma and $50 cu-a 81 10
NOR, o es-. may NY aud a. and Ei'c ere d incur
ueots, and ihus become eupet e. " ,bt ~ n r,
h We as-er rd tina we hpud ut can. Tn H. n fe son
main. INV cbnkript law , ou .lul. reach all. ]
{, ,bc ous t h. redi u better ia tthe relief io
d norIgd 10y sh Ulf oe open 90 oa uto who Is tlc
victuuo souc 'it currcut of TIA s or IS "a al down
10y to al of others fhau tuat suo nc nave 80 a"aU
thr udy b. e otcmet 'u' Que. LIS p"h' n ~"
or ny coz "a u al "a lHcrn -ystcm.. -
~ 10 should hc simple. so htt TIE Ar Ga STU ~ l7
icct. are simple: cy nayc arcad, bee ST. led iu FEY
words = ,odc Of mo al. m PEI me- Iro,! srluu
give up all h~ts ! save what the law N'hP, ~, NH
from sons nf po tcy. and shou be- Iet.d nom ai
Ia, S'iGSa1 %ra mary S9a o lGIy ad or
onlcelsl edcd. Ihr le syot nave ~ ttro" eo'e OF
! co phc ted method Go bee learned tuc b',t', m ,,
81 .houl. he mi OIcO. n OBJ ct i mo- d'uo
/ [ . collcc io debit But the larger ere uiaEe tl'
debtors asset will generally have bee apn lr1 lo us
go o. uc ore oithc u "r Is c'sdl"r u'."N, ,'i' wv
that HE condition s 80 iud s o r'Qurct S roe t' ~
take away ho clc,,no . remove stasuauoo. AMI &c,
ASIAN 3D., ouou tine IA nd, AN ms mes l"tant-1
aii Inc ,vruu of IA lo and cmloym lt 10 every
"a ha SCI motion gre q rs aud CUR rntH WI
fro 90 1la a., a We W acoo .dugly tb tudonod on
uurorung the unf 'rtu utc dch r. 50 Tc mu 4 and q
or t't Academia or formal erro or omissions NoiAL,
b. gross ana fraud moth "s arising from ere, OIL
e cur -Gouid p e,cu- a debtors q -char-e.
a. 10 should recognize. not 'o Z 'mpc. WIN ="
oish the charitable .pi u Of sta mw' rr 'l"i
70 tn be-. ~ of tac uni1rtuna e.. -ett.t elauu
tamil her asons for tn, twoi ID. "s' H- oi'
b,th rnepc an cXpedi ncy. /. i- ncVci good o. so
10 hr 'H ma on tts ch 'iy a, paop T. '."''
&, Of nom t. IN re- ar the sci. ala eh. tn
III ge 3D., the loss OF TIN a. u''im a. i-'
o N u. Al o. our Tai has adopto 5 VI q" .A
ben ie-isl mo assume tni' Ha { ,o.sioI , ~,
aD e1s-I 80 a. NIX, &c IT, * eat nee
e. der op ion. IRE wOr a. T great re-
Sre., nj among lhcl, witt the an % Al an r pap
mt /. subi.c cad { your las annual NEE ing, = lea
ates favor the -.-s-ut credi n oy means o.
+ asr i law Ilh.nl thu, uexpedlent, at pr SENT I'D
urge lne E wing tn bill the clause saw ng al
exc upti rs under 81 t. VS.. II anyth NJ. woald IN
.iease III exem ION il state III. Ia Mrylau NV
Jer ~ Iennsy lyania whose rrow policy has n-v,r
would ext nd 1t eyeryvner u h nee saries Of life
ana OF 50 GENEROUSLY ana SO VI ely protecte IN the
jOrl OF the states. lie the c.iI h5 o. those
few States indulge H. tie scrdmb over lou cold
a tci,s d at the lois from the cebtoT- btud 10
u for he creditori a preceding KIN MY To the
X IL tee OF cling IA ant! slavery, Or TO tina
soon T. perls ut y Of inDr on nent for debt Bu
WIN a Or - au- eq ui'l, system oi PIP wing the
IN erati n by ne Federal .iw. II nave regard to
the teac1i = hu anity aud pol teal economy,
reoIm OF the q Il servi anu steks the welfare Of the
masses in pref renee to that Of tie rtunate few
THE LOWELL BILL DIsCU SID.
TIE Lowell Uil Is peraa Gsod I'D hclOn OF GER
parts OF ba Ikruptcy system be prrpar d
In part 1t is restaLe men or gal proce edings
ready force, aud part staten mt Of pr cedure
wbicl cou be orttr left 20 o. urt being then
Vi lie an adaptable. It's chief new feature
ibo i attend TO he Dusiue hc o. ced!tors will
tafend L for h N civ Tnls creates anunDer II
ga arcd officers in addlu 10 tLOs- rntr S, &
per o.m du.y a. 10 he effective efulnes Of
" ch maze but moderate IIde ICE. But this same
daty alw ys ne perfOrme at request "i any IN
leiestea' ret' ora a ,No hq Couiy uSI
Will meet is its severe criminal gisaiOn, witch If
bas or Ike to, Tn new Eug sh Act and whl b,
,hmk. our pc pie ar " Hug o dept Tirse section
a. a. sad, aside fro the real purposes of h
&C Putt n. q man n prison no. Od lc- assets,
aod iur low hnd frau ulen IN nj after the
Gre got all that b. ound,m rely to h
"a deb what often mucl the r SIT OF error Ul
rudgn nj as % deb rate irau. The erin ma prosecn-
10 ar apt to he used ipstrun nj OF rture 10
sq .e hing from bc debtor leu OF ratives.
Where moth ns us Il d can b done. he or al Is
too Wiling th other han 10 le the lie ib"ra fraud
do II th reOy al ~ me ass - 'tnh realize o.