The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-06-10
WANT A SUB TREASURY
The Bankers Petition for Its EStlb-
liShmclt in Georgia.

The Next Convention 10 Be Held in
Atlanta New Omcers of the Assoc
citation Elected Mr.. Haas Offers a
Resolution TO Extend Favor on Ex-
tension Of the National Banking
system-Et Is Referred to the Ex-
ecutive Committee-A Committee to
Attend the Worlds Bankers Con-
yress-A Drive Around Savannah.
The guardians of finance were busted
yesterday 10 finishing up the routine bust
ness with which such conventions have
to deal. and the heated discussion which
was anticipated over the location of the
sub-treasurv which the bankers all desire
to secure for Georgia, failed to material
lie.
In fact, many of the delegates left the
night before, the duties of the inancier
being somewhat exacting, and scarcely
forty delegates remained to finish up the
work. These two score, however, bore
well-balanced financial heads, and the
balance of the work before the conven-
ton was disposed of il. short order.
The meeting came at time when it
was needed and the positive action taken
on several matters of Importance will, no
doubt, have a tendency in measure to
restore confidence in the business out
look The convention was one of repre-
sentative financiers, aud their opinion and
expression Of it will certainly carry
weight with it,
GEoRGIA's sUB-TREAsURY.
The sub-treasury which Georgia wants,
and for which Savannah spoke first, was
reported upon by Col G. II. Olmstead,
chairman of the committee which had
been appointed on the day previous to
prepare a memorial to the administration
asking favorable consideration of this
proposition.
The committee, through Chairman
Olmstead, reported as follows
Mr. President-The committee appointed
TO prepare memorial TO congress upon the
matter Of the establishment of sub-treasury
in the state of Georgia, recommends the
adoption of the annexed paper
We would also recommend that it be
officially signed by the president of this asso-
citation and attested by the secretary, and
that copies he sent to the President OF the
United states, to the president of the Sen
ate to the speaker of the House, to the Sec
rotary of the Treasury, to the controller of
the currency and the senators and repre-
sentativeS of the state Of Georgia in congress. /
Respectfully submitted,
Mr.. J. G.. Rhea moved that the memorial
be amended so as To make the sub-treas-
ury city a reserve city. Mr.. Myers
thought that was unnecessary as any city
could become a reserve city upon making
the proper showing.
MEMORIAL TO CONGRESS.
Upon motion of Capt Henry Blum the
following memorial, prepared by the COM
mittee, was unanimously adopted;
To the Honorable the Senate and House of
Representatives, Washington, d. c..
The Georgia Bankers Association, assem-
bled in convention at the city of savannah
this 9th day Of June, 1893 respectfully petit
tions your honorable bodies that a sub-treas-
ury of the United States may be established
at an early day in the state OF Georgia.
Following the coast line there is ut present
no sub-treasury between Baltimore on the
north and New Orleans on the south while in
the interior, Cincinnati, Chicago and St. Louis
are the only cities thus favored.
1t Will be seen that very large area Of our
country comprising many statesl is thus
without the advantages and priyi-
ness enterprises by the location of a
branch Of the treasury within easy reach
The volume Of business within this area has
Increased IN the past few years TO an enor-
nous extent, and nowhere more than In the
state Of Georgia, which stands, as it were the
gateway to this important section, connected
with every part of il by extensive and widely
ramihed railway systems, and having within
itself throughout the length and breadth all
the elements which go to make up great
an5t prosperous commonwealth.
Without multiplying words your petitioners
would respectfully urge that all of the sta
tlsucs OF Georgia show beyond a doubt that
the state possesses mining, manufacturing
and commercial interests Of sufficient i'm
portance to entitle it to what is now asked.
And your petitioners will ever pray, etc.
1t was decided that typewriter copies
of this memorial should be sent to all
the members of congress, besides those
mentioned in the memorial itself. To
those mentioned personal letters viii be
sent by the secretary, urging attention to
The memorial, and action upon it at as
early a date as possible.
On motion of Mr.. j. S. Davis it was de-
cided that the secretary should supply
himself with an official seal of the associ-
alton which is to be used on each Of these
letters to bring its Importance more di-
reetly before those in authority.
TO MEET IN ATLANTA.
During the discussion of the sub-treas
ury question Capt. Robert J. Lowry. one
of Atlanta's ablest and foremost tinan-
ciers, announced that he had an invita-
tion to extend to the convention on be-
half of the Clearing House Association of
Atlanta
"The Clearing House Association of At
lanta,h said Capt. Lowry, ''asked me to
present you an urgent and cordial invita-
tion to hold your next convention in At
lanta. While we can't show you Tybee
we can afford you the pleasure of the
mountain breezes and the latch string is
always on the outside. If you will come
Atlanta will be very glad -
The invitation was unanimously ac-
cepted and then everybody thanked every
body else because it was so. The conven-
ton thanked Capt. Lowry for his cordial
invitation, and also the Atlanta bankers
for extending it, and then Capt Lowry
thanked the convention for accepting so
unanimously. 1t was a scene of gratifca-
ton and an outpouring of thanks on all
hands.
The time for the meeting was not men
toned by Capt. Lowry and it was left to
the executive committee, after confer
ence with the Atlanta bankers, to decide.
NEW OFFICERS ELECTED.
A committee, consisting of Messrs. B.
]. Hughes, T. b. Neal, r. +. Burdell, ].
5. Davis and Capt. Robert J. Lowry, was
appointed by the president to confer and
present names of those suitable to be
elected officers of the association. The