The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-06-06
Atlantic Yea Go.
We Load, Let Those Who Can Follow.

passed, nor timber 10 nncqualcd by any
state in tho union. Her soil Is fcrtil(
and her manufacturing capacity is un.
surpassed, and with all these natural
qualifications, thGro ia n fine energetic
and cosmopolitan people. Al tho rate
OF progress in the banking matters rs
well as the material development, with
in a few years West Virginia will stand
very high in tho commercial world.
regret most exceedingly that some un'
expected duties with a railroad enter.
prise in which l am interested will pro.
vent me being ut your meeting. ! have
bcon for six or seven years Interested in
banking, aud hoped to have attended
your meeting as n delegate from tho Cit.
liens National Bank OF this city. Il bank
that Ind the honor OF founding some
years ago. With ahope that your meet.
ing may be M eninently successful one.
and iraught with great interst to your
selves and the state at large, | remain,
! Very sincerely,
WILLIAM A.. MACCoRKLE,
Several OF tho visiting delegates then
replied to the addresses. among thcm
being Mcssrs. Hoffman. OF Morgantown
Pickett. OF Bluciicld, and Wiley, OF New
Martinsvillc. At noon the morning
session adjourned.
AFTERNOON SESSION.
Tho afternoon session was TO have
been called to order at . O'Clock, but it
was ESQ when tho secretary called the
roll. The following lcttor OF regret
from Hon. James II. Eckels, comptrol.
Ter Of the currency, United States
treasury, who had been invited to de-
liver an address before the association,
was read by the secretary:
Treasury DEPARTMENT,
OyFICEC oNPrRoLLyR OF THE CURRENCY,
wAsHrsGroS, May II.
Mr.. r. u. lobjisL Secretary. ec.
DEAR SiR:-I am in recoip. OF your
favor OF tho 10Th instant. extending TO
me IN invitation TO bo present at the
meeting OF the West Virginia Bankers
Association on June 9TH and 9th. | re.
gret that it will not DO possible for me
TO accept your invitation, owing tc
official and other engagements At that
time. | thank you for the invitation
and hope for tho pleasure OF being pres
ent 4. some future meeting OF your as
ISOLATION. Very Respectfully.
JAMES II. ECKELs.
Comptroller.
Tho following letter from United
States Senator Stephen l.. Elkins was
also read:
Nr. P. u Dob5iH'. Secretary, c:.
DEAR Mr. DonmSs:-I nm in receipt
OF your letter Of the 2lst instant aud
beg to acknowledge the courtesy OF the
invitation therein conveyed, 10 be pres.
cut aud address tho Wea. Virginia
Bankers Association ut their meeting
to be hold at Wheeling on the 9Th and
9th proximo. l rcG5e: that engage.
ments already made will prevent my
attendance upon the occasion named,
as the meeting will furnish tho oppor.
tunity to converse with Representatives
OF perhaps tho most important interest
in tho state. The questions to be dis.
cussed are the leading issues OF the day,
and the proceedings are sure to attract
attention. | shall follow them with
much concern.
Very truly yours.
S. Is. ELKISS.
Tho executive committee made lts
report through Secretary Dobbins.
During tho last session OF the legIsla-
ture the presence OF members OF the
committee at Charleston had been
though. advisable. Certain pieces Of
financial legislation wcro watched but
tho desired action vas not taken, the
committee having arrived too late.
The sccretary reported Sc OF the
state banks were enrolled on the books
OF tho association IA members. Dues
amounting to $50 had been collected !;
expenditures were Sj7 o.. leaving q
balance in tho treasury SI22 90.
MR. RUSsELL's ADDRESS.
Mr.. Horny NJ. Russell was no1t intro.
duccd, and made an able and intornst.
ing address on "SIine Own With
Usury." lie took n his text those
words from tho Gospel Of ST. Luke.
l0:23-"Whcreforo thou cavost not my
money into tho bank, that At my coming
back [ NIGH. have required my own
with usury."
Mr.. Russell in prcfacins his remarks
told tho story of tho parable; how q
noblomnn before going iuto n far coun-
try gaye each OF his ten scrvauts q sum
OF money. how ono doubled it and other
has still moro when no returned while
tho third kept tho money tied up and
had nothing moro whom the noblOman
returned. Continuing, tho speaker on
torcd into n history Of tho charging Of
interest or usury rs 1t WIS formerly
generally known. Ito took tho word
usury in its true moRning-tho charge
OF q reasonable rate OF interest, and not
in its generally accepted sense OF un-
lawful oXtortiou.
Only since tho timo OF Henry VIII, OF
England, said tho speaker, has tho
chnrgingoi interest boon lawful. Icforo
tina. limo tho lenders OF money wore nc
counted criminals. This is accounted
for perhaps by tho teachings Of tho Old
Tcstamont. which SAYS that usury Is I'M
lawful, except when n loan waH made
10 n strangor.
In 1907 tho leaders nj the JewiBh
Cllurch mot in Paris and took up tho
tho 'Qucstion Of interest or usnry rs
treated in tho Scriptures, and it WINS dc.
cidcd that it means that no interest
whntovor can DO charged and that there.
fore IL was not lawful for u Jow to lond
[Continucd NJ sixth Pdyt.