New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-09-26
BANKERS IN CONVENTION
OPENING DAY OF THE ANNUAL MEETING IN
KANSAS CITY.
NEARLY ONE THOUSAND DELEGATES ASSEM-
BLED-wELCoMED BY THE GOVERNOR
OF MssoURI-AN ADDRESS By
w, p, ST, JOHN.

Kansas City, No, Sept. 25.-The annual convention
Of the American Bankers Association met here to-day.
The city Is gayy decorated in honor OF the occasion.
The convention IS the largest held by the bankers
fully 1000 delegates being present from all parts OF
the country.
President Charles Parsons, OF St. Louis, called the
convention 10 order at the War1er Grand Opera House
at IL o'clock Bishop Eugene p Hendricks opened
the convention with prayer
Joseph S. Chick on behalf OF the Kansas City Clear
inghouse extended the bankers welcome to the dele
gates. Mayor Davenport welcomed them on behalf
of the city and Governor Francis behalf OF the State
President Parsons responded on behalf OF the dele
gates and delivered the opening address The presi-
dent proceeded TO trace the development OF banking
In America from Colonial times TO the present. The
progress had been wonderful, but many improvements
were still possible in facilitating the business OF banks
and making the conduct Of their business more
economical. lie recommended In this connection that
the convention consider the following topics: Inter
national circulation uniform bill OF ladlng. uniform
paper for the drawing Of bills Of exchange and Ma
tional Clearinghouse. He expressed himself
as opposed 10 free coinage and OUT
lined as substitute the proposition that the secTc-
tsry Of the Treasury be required TO buy and coin
S4OOO,OOO worth Of silver bullion each month; pro-
vding that not more than 90 IL cents or Az IL
grains of silver 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legal tender notes Of the Government be WITHDRAWN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 the silver is issued and that gold
and silver certificates be made legal tender. Mr.. ST.
John conendei that the plan solved the great question
Of retiring the legal notes Of the Government rapidly
and without diminishing the Of money in cir.
culatiOn. In careful argument he explained and
defended the plan.
motion to recommend to Congress such action
as was outlined in Mr. st. Johns paper was referred
TO the appropriate committee
At this point the Interstate Commerce Commits
sioneT. who were holding session In the city, on
tered the convention hall, by Invitation. They were
escorted by Major william Warner and C. II. Nettle.
ton. Judge Cooley called upon to speak. and
being introduced by President Parsons, he said that
he and his colleagues wished they might attend all
tho SESSIONS of the convention. But we are en-
trusted to a certain extent" he continued, with tho
management of a business that we wish we could
bring under like rules and into the certain regularity
Of banking business which, very much fear, 1t Will
be time before are able to do"
Messrs. SchOonmakcr, Morrison, Voazey and Bragg
also responded with short speeches
Congressman was introduced by the president as
The Major thanked the delegates for their kind.
ness in calling for him, but he pleaded lack OF eN,
perence in public speaking, and asked to be excused
Logan H. Roots; Of Little Rock. Ark, moved that T.
As the Executive Council had several amendments TO
The constitution propose the chairman OF the COM
mittee be heard and the amendments voted upon.
The rpport was made by John J. knox, of New-YOrk,
the president Of the Executive Council The principal
changes recommended were for the provision of an
article dividing the Executive Council into three parts,
that onc-th OF il might be elected each year, the
term Of Office being made three years, and that the
different state bankers associations be given one dele
gate at each annual meeting OF the National Assoce-
ton. The amendments prevailed. The associations
were instructed to report their selections TO the pres
dent before O'Clock, and tho convention ADJOURNED
to meet tomorrow morning at 10 O'Clock
This afternoon the delegates were given ride over
he various cable lines Of the city, which pass most
OF the points OF general interest This evening
banquet was rendered to the delegates and visiting
banquet IS believed 10 be the largest served in the
West, covers being laid for 1000 guests