New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-10-19
THE BANKERS CONVENTION.
INTEREST FELT IN THE COMING MEETING.
REScY oUEsTIoys-ToP1Cs THAT WILL
M .CI-SsFD

RExcY oUEsTIoxs-ToPICs THAT WILL
BE DISCUSSED.
The bankers OF the United states and especially the
1000 members Of the American Bankers Association
are looking forward with interest 10 the coming annual
convention OF the association which VIII open Two
days session in New-Orleans ON November II. IN
usual efforts being made 10 full attendance
the convention Will probably be called upon I'd pas
important resolutions the silver question. and some
action may also be had toward inaugurating move
ment for the substitution Of bank currency for Gov
eminent issnc
The programme "a the convention will include several
papers by prominent NewYOrk bankers the address OF
Morton McMchae president Of the association paper
on Wall street. by George Ruedge Gibson. banker
that locality. which will touch incidentally the
importation and expectation Of gold paper by Pro
fessor Arthur T. IIadey. Of Yale College. on Recent
Railroad 8gislation and Its Effect upon the Finances
OF the United States and other interesting papers
promised by well-hnown bankers Of the South aud
West. Topics proposed for discussion will be " The
Banking system and the Currency Of the Future and
Is 1t Practicable to Have National Rate OF Interest -
william b. Greene the secretary OF the association. has
prepared paper in advocacy OF the plan proposed at
the Cincinnati convention Of the association in 1883, by
G.. A. Van Allen president Of the First National Bank
of Albany. to establish fund for standing rewards for
criminals who have committed crimes against the bank
ing community. This fund would be raised By assess
ment OF s. each the members, and the plan would
be analogous 10 that fOnnd 50 satisfactory by the
National Board Of Fire Underwriters. william p. st.
john president Of the Mercantile National Bank OF this
CITY and the champion in the East Of the silver idea
will probably read a paper before the convention re
laIng 10 silver, and George Coo, president Of the
American Exchange National Bank OF his city, may
give the convention his views currency reform There
Is deep interest felt In this latter subject
1t Will be the first time that the association has
met far South as New Orleans In fact the frthest
south the bankers have ever been being the cOnven
ton I'm Louisville IN 1888. The members wa1t "a
something of the industrial growth Of the south
Of which they have heard much. well as in
pect the railroads Of that section, the securities
Of which they annually loan vast sums Of money in
the aggregate. When the association met in Louis
Vile in 1853 there 74O banks Of all classes in
the South. To-day the rolls Of the Controller Of the
Currency show nearly 1,75o, increase Of 1,Oof
banks in eight year.
l. The railroads east OF the Mississippi and most o
those in Texas have granted reduced rates Of fare Il
the convention to those who desire 70 return by th'
| same route that they go. Tickets can be purchased
three days before the convention at any point in tn
territory mentioned to Ncw-Orleaus. for which ful
fare VIII be paid certificate being obtained at th
zane tine from the tlc.ct agent. When this certif
| cato Is signed by the secretary al New-Dleans j
| will entite the holder 70 return by tie same rOut'
over which he for Onct third Of the regular fare
It is probable that southern man VIII be chosen a
the convention for president Of the association mex
| year. and the name OF Richard NJ Nelson, prcSiden
Of the Commercial Bank Of selma, Ala, and the pres
ent first vieel = dent Of the association, Is dlle.
| of in connection with the honor