Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1889-09-26
SOLID CITIZENS.
The Bankers Gathering at Kan
sas City, Mo.
A THOUSAND DELEGATES PRESENT.

Proposition of New York Man to Retire
the OBSERVATION-DISCLOSURES OF His Plan
The Interstate Commissioners Visit the
Convention and Make n Few Remarks
A Big Feast with Two Thousand Guests
at the Board.
KANSAS CITY, No.. Sept 70 The Amer
| lean bankers association met in annual con-
vention here yesterday Fully 1000 dele
gates are present President Charles Pear
sons, Of St Louis, called the convention to
order at IL o'clock, but Joseph S Chick, on
behalf of the Kansas City clearing house,
extended a welcome TO the deleg ties; Mayor
Davenport welcomed them on behalf of the
city, and Governor Francis on behalf Of the
state. President Pearsons responded for
| the delegates, aud delivered the opening ad-
dress
Mr.. W. p St John, of New York, then
read an able technical paper on legal tender.
He expressed himself as opposed to free
coinage of silver, and outlined plan for re-
| firing the legal tender notes of the govern
ment rapidly and without diminishing the
| sum of money in circulation A motion to
recommend TO congress such action as was
outlined in Mr. st Johns paper was re-
ferred to the appropriate committed
Silver in Place of Greenbacks.
St Johns plan is that the'secretary of the
treasury be required to buy and coin 81
| 900, 600 worth OF silvar bullion each month
provided that not more than 99JS cents, or
| 4l21I grains, be the amount of silver to be
contained in silver dollar; that with the
coinage Of silver the legal tender notes of
| the government be withdrawn, dollar for
dollar, as the silver is issued, and that gold
and silver certificates be made legal tender
Visit from Cooley's Commission.
By invitation the interstate commissi sion,
headed by Judge Cooley, paid a visit to the
convention They were escorted by Mai.
William Warner and C.. II. Nettleton
| Judge Cooley was called upon to speak, and
being introduced by Pres dsnt Pearsons, be
| said that he and his colleagues wished they
might attend all the sessions OF the conven
| ton "But we are intrusted to a certain ex.
| tent, he continued, with the management
| of a business that we wish we could bring
under like rules and into the certain regu-
larity OF banking business, which, | very
much fear, 1t will be some time before we
| are able to do Messrs Schoonmaker, Nor
rison, Veasey. and Bragg also responded
| with short speeches to calls made upon them
| by the delegates,
Man Who Doesn't Want Office.
In answer to loud calls for warner, Is
the ex-congressman was introduced by the
| president as man who did not want an
| Office The major thanked the delegates for
their KINDNESS for calling for him, but plead
ed lack of experience in public speaking, and
| asked TO be excused
Constitutional amendments relating to the
election of the executive council, etc, were
| then adopted and the association adjourned
| for the day.
In the afternoon the delegates were given
ride over the various cable lines of the
| city, which pass most Of the points of gen.
| eral interest Last evening banquet was
| rendered the delegates and visiting bankers
| at the Den Of the Priests of Pallas The
banquet is believed tc be the largest ever
served in the west, covers being laid fol
| 200 guests