The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-09-23
WORDS OF GOOD CHEER
Bankers Tell of Prosperous
Conditions If Only the
Currency We're
Settled.
KENTUCKY FOR M'KINLEY
Nebraska impoverished by the
Silver craze-sound Money
the Slogan.
KENTUCKY FOR M'KINLEY

ST. LOUIS, MO-, Sept. %, sss.-The
HsSecond days session OF the twenty-sec>
ond annual convention of the American
Bankers Association was called 10 order
at 1906 o'clock. Most Rev. John J. Kain.
Archbishop OF the Diocese Of ST. Louis
invoked divine blessing upon the proceed
inss OF the convention. The first bus
mess Of the session was the report Of the
various delegates as to the general con-
dition of banking in their States.
A number of States failed to respond
and they were passed over to be heard
later in the session. Among those who
spoke were delegates from Arkansas, III
inois, Kansas, California, Kentucky.
Maryland, Massachusetts, Missouri, New
York, Nebraska, Ohio and Pennsylvania
MI John II. Leathers, of Louisville,
claimed that the banks of Kentucky were
prosperous and confident of the future.
He believed that Kentucky would do its
share in contributing to the welfare OF
the country by casting 2O,00o majority for
Mckinley.
John H. Shredder. of Cumberland. Nd.
81. saiu mat tne banks of his State while
nov DONG as much business as formerly.
We're peing conducted In a safe and con-
servallVe manner. He claimed that the
banking interests of his State were jr
favor OF SOUND money. Mr.. Thuriow. Of
s,si 2eSton; ana F. W. Hayes, Of Detroit,
SPOKE IN a. similar strain. J. NJ. Sher-
WOOD, banking Commissioner of Michi-
san, spoke IN behalf of the banking in
terests OF Michigan, and claimed that al
most the entire banking fraternity waa
IN favor OF sound money.
A G Anderson, of st. Paul, eIso ad-
vocated sound money. He said that Min
nesota was waiting to hear from the
country In November. and thai fooef,1ar
with the movement of crops would sfirnl,-
late the banking interests of his State
~, n; ": N Mlllals. of Jackson, Miss, said
tnat IN 1873 there was but enc bank fail
ure IN his State and that since then but
one more failure was recorded. Both fail
ufes We're the result of misconduct The
conaitlons We're favorable for the bank
ing interests Of Mississippi, as the cotton
crop was good and prices were satisfac-
tory.
W. H. Woods, of Kansas CITY. smoke for
Missouri. He said Missouri banking in
terests were in better condition now than
a. any time IN .tl1 their II history, He stated
various banks of the State and that COL
lections were good.
Henry 7. Yates. of Omaha. claimed that
IN the three years from 1882 to 1895 che
banks of Nebraska had lost on deposits
nearly S2oO0e,0O0 He claimed that this
was due to the depression in real estate
low prices for crops, and the unsettled
condition of affairs on account of the cur
rency question.
J. Bradford Rhodes of New York city.
spoke for the Empire State He said that
he predicted a majority Of three hundred
thousand for the sound money ean7i-
dates. He said that the banks Of New
York had an abundance Of money, and
that leans were being made on a liberal
basis. Delegate Selber of Higginsville,
Ohio, protested that the proceedings Of
the session were developing into a politi-
cal discussion.
William A Graham Of Sydney, Ohio,
read a statistical report Of the condition
of banks in his State, which showed them
to be in q solid and healthy condition.