The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-05-24
THE BANKERS CONVENTION.
what the Savannah Delegates Have
TO Say OF the session.

Capt Henry Blum president Of the Ger
mania Bank; Mr.. 9Iill- b. Lane. vice pres
ident Of the Citizens Bank; Mr. W. ".
Rogers, cashier Of the Merchants National
Bank. and Mr.. r. r. Burdell. cashier or
the Chatham Bank. have just returned
from Augusta, where they have been at
tending the fifth annual convention Of The
Georgia Bankers Association.
The convention wa held there Wednes-
day and Thursday. and was largely at
tended by bankers from all over the state.
There are eighty-five banks in the state
in the association, and there We're only
a few Of them unrepresented at the con-
Nentlon. The Savannah bankers are en-
thuslasllc over the convention, ana be-
HeVe TINS organization is going to accom-
pllsh much good for the banking interests
OF the state, as We'll as for those who
have 70 deal with banks.
MT Burdell said the meeting was one of
the most interesting and profitable he had
ever attended. Mr.. Burdell as we'll as all
the other members of The delegation from
savannah were well pleased with the res
olutlOns adopted on the money question.
Ihese resolutions stated in the outset
thal II IS reasonable 10 suppose that the
bankers Of the country who make the
money question study should know what
constitutes sound currency. They stated
also that they felt ID their duty to define
their view on this important subject. With
lnls as a preamble ID was resolved that
the most indispensable and important fac
tor IN a government success is a sound
ana safe currency. All financial history, it
Is slateu proves there must be behind all
forms of currency a competent and stable
uNed redemption Of money. The third sec
ton OF the resolutions is as follows
we favor the use Of both gold and sill
yer as redemption money, to the extent
uhat the parity of the dollar of both me-
tails can be maintained al equal and inter
changeable value.
Fourth That we believe it would be
impossible and suicidal for this govern
ment alone to favor and undertake the un-
limited coinage Of silver al ratio of 16 to 1.
nm. Ihat we are opposed TO the issue
OF any form of money either by federal or
state authority, the redemption of which
provision
The resolution then go on with an ad-
uress which embodies one of the strongest
arguments IN favor OF sound money that
mas yet appeared anywhere. 1t goes into
the question from the standpoint of the
relation of the banker to the individual
VINO deals with the bank.
The bankers met here two years ago and
evldently fell in love with Tybee They
will meet in Columbus next year, but af-
ter that all of their meetings will be held
at Iybee, the island having been selected
as the permanent place of meeting.
one OF the most important matters at
tended to was the resolution introduced by
Mr. Burdell of Savannah recommending
that the general assembly abolish the
three days Of grace. This legislation was
- -, ANScu III .tle Iueet4Is IN AtIdhtt sew
eral years ago, but was not passed at that
time. The members of the association
seemed this time to think the move a good
one and in the right direction as they
adopted it without question, and the COM
mittee was instructed to memorabilia the
legislature on the subject. The conven-
ton also practically decided to adopt a
circular check, though the plan of this
has not been fully determined upon as yet.
Mr.. /. c. Hayne of Augusta was elected
president of the association. Mr.. John A.
ALBANY T.
dent and Mr. r. +. Burdell of this city
second vice president. Mr. w. w. Rogers
of the Merchants National Bank was
made a member of the executive council
The bankers who attended the conven-
ton were treated to a delightful old Geor-
gia barbecue with many modern accesso-
ries, and were given as pleasant an enter
tainment as they have yet enjoyed any
where