The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-06-10

tH- above 1filNUFs elected.
Mrs.. q. Rhca accepted I'D behalfof Mr.
Plant who was uavoilahly absent 40 The
Time thanking tho convention for tho
hieh honor it had conferred upon hlm-
First Vice President Neal said Ia ac-
ccptiur his Office said he bad nothing To
say except that be had given warning
that II put on the committee he would be
found among the officers. He said further
That he would never claim any promotion.
Upon motion of Mr.. b. D. Hughes IL was
decided to pay the secretary SIS permonth
as compensation for his services. 10 was
also decided 70 have 1000 copies Of the
proceedings of the convention published.
THE 10 PER CENT. TAX.
Mr. B. l. Hughes said he thought the
/ question Of the repeal of the 10 per cent.
tax on state banks should be given some
attention. He didn't know whether the
convention cared to take any action on
the question or not, but he said would
like 10 hear some expression of opinion
from the members on the state bank cir
! culatiOn question
Mr.. jacob Haas Of Atlanta read an
. article on this question from the pen of a
. New York fnancicr, Horace White, which
I be thought suggested the most feasible
/ plan upon this subject
II agree that congress should repeal the
/ Sherman act, 50 said he, "but il will never
/ be done unless something else is sub
/ stltuted for it. There must be something
/ TO take the place of the silver certificates
/ If nothing else can be done ! favor the re-
/ peal of the 10 per cent. tax. ! suggest
/ that we frame resolution for an extern
/ sion of the national bank system in ac-
/ eordance with Mr.. Whites plan, which
| provides for a surplus fund to be made up
/ from the present tax on circulation, but If
| we cannot get that then to recommend
the repeal of the 10 per cent. tax
Mr. Haas put his remarks in the form
of a resolution Mr.. Burdell wanted to
table the resolution. Mr.. Haas said he
thought he was entitled TO have his rcso-
luton considered in spite of Mr. Brdell.
His motion was seconded, and he was
given the right to present the resolution.
The resolution being before the meeting,
Mr., Neal moved as substitute that the
resolution be referred to the executive
committee with the power to act Mr..
Davis also wanted it to take this course.
Mr.. Wadley moved to adjourn and not
discuss the matter any further
DIDN'T WANT TO BE oHoKED OFF
Mr.. Haas asked that he be not choked
off. He believed that a majority of the
convention was in favor of the resolution
and he thought they should be given a
chance to express their opinion
Mr.. Rhea agreed with Mr. Neal He
thought the matter should be referred to
the executive committee, which was com
posed of men who could be thoroughly
trusted to act for the convention. Mr..
Rhca said the question was largely a
political one, and he thought the eXecu-
tive committee could well handle the
matter
Mr.. Hunt thought that each member
should think for himself, and that they
should not let even the best financiers do
i for them. He opposed the motion Of
Mr. Neal, and thought the resolution
should be referred to every member by
mail, and each be given a chance to vote
on it. Mr. Neal explained his motion
and agreed that the committees resolu-
ton should be forwarded to each bank
and their votes on it obtained Mr.
Meals motion as amended was then
adopted
COMMITTEE FOR THE BANKERS CONGRESS.
Secretary Hillyer read letter from
Secretary William b. Green of the COM
mlttee which is arranging for the worlds
fair bankers congress, inviting the Geor-
gia bankers to send a committee of five or
more to that congress, which meets in
Chicago from June 10 to 25. 1t was moved
TO appoint the president and four other
members as delegates to the congress.
Mr.. Wadley didn't want to recognize
the letter, as he stated that Green had
been discharged from the secretaryship
of the American Bankers Association
Col. Olmstead thought it proper
TO recognize it, as Green sim
ply represented a committee Of
tnanciers of high standing 1t was fin
ally decided that the president and other
members whom he should appoint should
represent Georgia at the congress.
On a suggestion from Hobbs & Tucker
of Albany Messrs. II. r. Powell, j. w.
Cabaniss and K, II. Plant were consti-
tuted a committee to formulate tele-
graphic cipher code for the association.
A letter from Mr.. l. c. Haynes of Au-
gusta, regretting his inability to be pres
emit on account of illness, was read by Sec
rotary Hillyer.
Applications for membership were re-
ceived from the State Savings Bank of
Atlanta and the Exchange Bank of At
lanta. They will be constituted members
of the association.
|. Mr.. Jacob Haas of Atlanta moved that
the thanks Of the convention be extended
to the Clearing House Association of Sa-
vannah for the hospitable welcome OK
tended to the delegates and guests Mr.
j. 5. Davis of Albany supplemented the
motion in a short and beautiful speech,
and the motion was unanimously adopted
by rising vote. Col. Olmstead said Sa-
vannah had received more than she had
given. Mr.. Neal thought Mr.. Haas
motion incomplete without extending
thanks to the president for his excellent
work, and that was also done unanimously
by rising vote. The convention then ad-
jouTned sine die.
THEY GO FOR A DRIVE.
Yesterday afternoon the committee
took the visiting bankers for drive over
the city. The party took in Thunderbolt
and Bonaventure and then returned to
the city and drove around over the as
phalt streets until supper time.
They were delighted with the evidence
of growth and progress which appeared
on every hand. In speaking of Savannah
yesterday Capt. Bob Lowry was heard to
remark that it was a beautiful city, and
as a Georgian he was proud of it. SINH
lar remarks might have been heard on
every hand among the financiers who COM
posed the convention, and all expressed
the opinion tina from every standpoint
the meeting had been decided success
The bankers, with a few exceptions, all
left last night for their homes.
The Ladies.