The Wichita daily eagle., 1894-02-22

OF the ban kers OF Kansas are mere toits III
| Attendance upon the meeting OF the kan
| sas Bankers association.
| The meeting will continue over until To
| morrow. The program includes paper by
J. W. Spous bic of Paola. David Aud aud
A. p. Waggoner Of Atcnison, Z. 5. Sqnires
aud C. W. Tricketts of Kansas CITY. + y.
Morrill, OF Hiawaths. State Bank Conn
missioner ]. w. Breiden.hal. A. { Jours
Of Wichits. Lee Clark OF Parsons. ]. II
Mulvane. Edward Wilder aud II. T. Bali
Of Topeka.
| This AFTERNOON addresses OF welcome
were made by Major J. IL. Hudson aud
| Mayor Harrison.
Tonight n W. Levy OF Wichita CAV
the annual address. Mr.. Levy said:
| Gentlemen OF the Kansas Bankers Assoc. tom
1t affords me extreme pleasure to not,
the presence of the representatives OF -
| many financial institutions OF our ~taie,
Seven years ago few bankers organic II
| in this city, an association for the purpose
of drawing together Ia annual cOnvocatton.
members of our profession for tue purposs
of disseminating practical Ideas OF bank.
| ing: by free aud full discussion of IT,
various phases. acquired by experience,
I to eularge our scope OF usefulness 10 the
| community of our abode and the state at
7 ~ W
by reason OF some special dlstiuctou.
| be it from an undecipherable sign man
| ual, or pre-emineuce socially, politically or
| financially, as well rs the modest, retiring
and unassumiug couseryator OF the wei
| fare of the community eavirouing him.
The profits resulting from these reunions
must be apparent and OF incslculabli
benefit TO ptrticip suts. Our membersuip
has Increased more than "a hundred fold In
the past year. and | hope To sec every
moueyed institution enrolled ou Its booki
in the near future. Were l less mindful
OF the occasion aud the commemorstion of
the natal day of him who would rathet
cut down "A thousand cherry trees thsa
tell an untrush, might depict, in roseate
hues the calm, unrutiied ilte of my fellow
bankers since our last assemblaxe. His
sleep of serenity aud innocence, the rust
| ling wing of angelic shadows tanning ht.
placid brow, whilst coutentneut and p>acs
sang u lullaby TO his somuolent spirit.
/ But the day is inauspiclous .0r the pur-
pose, and with due regard for facts.
| the cardinal virtue OF our fraternity
| | am impelled to admit, that the eyaues-
cent dreams OF peace were ruthlesSiy
| broken by visions of dark forbodngs for
the morrow. With the sombre clouds %
dstrust obscuring the eastern horizon
| sluinber vanished from the eyellds. auc
the nightly meditation, what Will the day
bring forth, was the cot tem platlye image
| impressed on the drowsy bralu. The
widespread distrust and waning conni-
euce has been apparent III no one section
| of state nation, but all communities aud
persons seem to have been impelled aud
| lmbued with comprehensive Sophistry.
that "A corner in stockings was about To bs
created which resulted Ia "A mai scramble
To secure sufficient quantities Of thss.
necessary aPpeadages TO every well regu
lated family To form a receptacle for All =
the wealth, subject 60 the sight drafts OF
each aad every class. whetsr male or To-
male drawer"
Tae mortality of a cholera stricken city ~
he only commensurate and comparative
standard of fataliSles surrounding tho IL
nanciaI history OF tho past year.
Every interest and every industry
has felt the paralzng effects Of
| financial grippe. From cehter -
circumference one OF adysT-
sity has swept over the land Tue accum
ulation o. life time. hope. ambition. Hs-
piration, wealth, fame. aud nntarnishsd
reputatioh, ali have been sngulfed In
vortex % general disaster 20 thousands ot
our co-labOrers. Out OF the mssistrJm %
this vast dlsintegration comes the self
cougratulatiou of the survivors. we stiii
live" Vet due credit must be given 20
one person in every community shO never
faltered In his faith or dubitsted the
~olidity aud strength Of banks. His con-
victions and reliance were OF heroic mould
even after au involuntary closing with
the perfunctory announcement that DE-
positors would be paid ia full. his coal
dsnce remained nnshaken aud he coasid-
cred it his sworn daty t1rsturn the vaius
Of the bank stock st sLGj on the assess
mrnt rolls.
At a banquet given to the members ot
the National Bankers association ia Kan
sas City, Sept. 10Th. 1ssa. Mr.. Lyman j.
Gage. the eminent Chicago hnancisf
struck the key note that left its 'aiai IN
print On those who failed u heed bis
words of wisdom. or who gave them bat a
passing thought. ia responding u tho
toast ''The City Banker; Oar support Ira
great needs. our guidance 10 great
crises That gentleman ia no uu-
measured terms, denounced thr iai~
ity OF th. sentiment. and deistsrious re-.
suits that such conclusions might lesd to
In financial distress tke City Banker Wa
in no condition 70 succor hiss coaatfy
correspondent whs. Withdrawing hid
bsiarces, which c0pstItuts a large pr
,ion of The deposits OF the city baas; ths
local demands absorbing a snare Of Bis
reserve isayss him no alternative bat
deny the requests nads up0u him 10
illustrate the application l could name
large western Institution which, for many
years kept - balance Ia - tbieAgo bauk Of
several hundred thousand doiisrs. wiss
confronted with the necessity If Esskln<
assisfAncs made a psrsaaai sppileatioa
through Que of IT, officials who
tsIseIy informed tha, while The oblixg-
tions was Acknowledged the liability -
redeem IL was a.fo admitted. 1hls ~ss
40 isolated case. Ia dire distress and sesf
n1any such appeals % city bankers found
no responsive chord. Ia such slnsr-
gsncy a csshsr co8l9 bETs Justly i1-
yok@d biz 4 !Fsct1rs. In tbs exact language
ot DAVID 10 PsAlinz. XXI ehADtsr, ~ ssrs@,
BE nOE ;ar from me, for tfoaLss IS sesfs
for tbess Ia none % help
Ga she other hand. hgz mAay basks,
holding n1srs bershID in oEr as~Sciztl0a
would now BE- fnsasasd ~ others than .aa
state bank eofssnIAsss0-sfs. or com p;Tgiisr
q the currency. should ws car
gaidssce ia great crfs@s" have sfH e&stst
sbis sxzBpl@. and a. t8s szra. .iE4s bzFs
refused g4Ymsut 70 pssic ssrgrksa aHsSrs
sforz ~ angat else tean ctszEnZ hogss
Certificates 80 dtspsrr4gsfnsns gt
he Ne. York oarks - !st~Atsd "a tsls
statement EsSg our senior @s1asor Sd
fsittst "a iss fo9y % the ssnsss SbsHaSsr
:hsf tAsy "a as Ds~; hey eouii Aaa al
n sst. of .sal>s i 6gs tbssns us aE-Sisr
tue sgigat u thirty slEss Esss4'Sa as4iAfs
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