The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-09-24
BANKS DID A GOOD BUSINESS.
cuEERING REPORTS MADE AT THE
CONVENTION.

-ortv Every Banker Present in
r.xor of the Continuance of the
coId standard-A Louisville Bank
predicts That Kentucky VIII
ca For Mckinley by 10000 Major
,tv-OnIy Two Bank Failures i'm
,,tssissippi since 1898.
c. T.ouis. Mo-, Sept. 2S,-The second
lie session of the twenty-second annual
-.,,,,ention of the American Bankers AS
sa,a+ion was called to order at 1905
,sIoox Most Rev. John ]. Kain, arch
,.-hor, If the diocese of st. Louis, invoked
40 divine blessing upon the proceedings
90 the convention. The first business OF
t,o sassion was the report of the various
so,eqates as to the general condition OF
horl,ing in their states. number OF
80 failed to respond and they were
,ossad over to be heard later in the ses-
,on Among those who spoke were dele
toe from Arkansas, Illinois, Kansas
california. Kentucky, Maryland, Massa-
cbusetts. Missouri. New York. Nebraska
Ohio and Pennsylvania.
robn n. Leathers of Louisville, claim
+bs+ the banks of Kentucky were pros
,orous and confident of the future. He
.uo,,ed that Kentucky would do its
sbare in contributing to the welfare OF the
oo,,rtrv by casting 10000 majority for Nc
Kinley.
,.ba II Shredder of Cumberland, Nd,
20 hat the banks of his state, while not
5oing as much business as formerly, were
Ling conducted in a safe and conserVa-
+tya manner. He claimed that the BANK
tng interests of his state were In taVor Oh
sound money. VI, r1otor
90 Detroit spoke in a similar strain.
NJ sherwood, banking commissioner
80 Michigan. spoke in behalf of the BANK
mo interests of Michigan and claimed that
almost the entire banking fraternity was
IN favor of sound money.
y Anderson of st. Paul also advo-
Gated sound money. He said that Mime
eota was waiting to hear from the coun-
trv in November and that, together with
the movement of crops, would stimulate
the banking interests of MS state.
p w Millais of Jackson, Miss, said
that in 1898 there was but one bank fail
IRE in his state, and that since then put
one more failure was recorded. Both
failures were the result of misconduct.
The conditions were favorable for the
banking interests of mississippi as the
cotton crop was good and prices were sat
isfactory.
w. H. Woods of Kansas City spoke for
Missouri He said the Missouri banking
interests were in better condition than at
any time in their history. He states that
there was $751; 10000 in deposits in various
banks of the state and that collections
were good.
Henry H. Yates of Omaha claimed that
in the three years from 1892 to 1895 the
banks of Nebraska had lost on deposits
nearly S25,000OO0 He claimed that this was
i -. i f,T 1lwrrr eawf1r
for crops and the unsettled condition of
affairs on account of the currency ques-
ton.
]. Bradford Rhodes of New York city
spoke for the Empire state. He said that
he predicted a majority of 100000 for the
sound money candidates. He said that
the banks of New York had an abundance
of money, and that loans were being made
on a liberal basis.
Delegate Seber of Higginsville O., pro-
tested that the proceedings of the session
were developing into a political discus
sion.
William A. Graham Of Sydney, O., read
statistical report of the condition of the
banks in his state, which showed them to
be in solid and healthy condition.
The roll call of states was concluded
about noon and showed that nearly every
speaker claimed that the banking interests
of his section were in splendid condition
Almost without exception the speakers
favored sound money policy as the
safeguard of the banking institutions and
the business interests of the country.
The convention then discussed the rule
abolishing restrictive endorsements. The
matter was referred to the executive
council to report at the next meeting.
The convention engaged in a lengthy dis
>cusslon over the practice in different
states of the payment of depositors' rates
me recommendation was made that the
convention endeavor to secure uniformity
OF practice in the matter.
The necessity of uniform laws govern
ing commercial paper was the next sub
Ject, with the question: what can the
American Bankers Association do to
oflng the various state laws into har-
mony?"
The subject was debated at considerable
length, and was finally referred to the
executive council for such action as they
may deem proper to secure the desired
result.
At o'clock the convention took a re-
cess until o'clock.
At the afternoon session President Tnllen
named the following as members of the
dominating committee: NJ. NJ. White of
cincinnati, F.. w. Hayes of Detroit, L. p
DAY OF Ptttsburg, ]. b Ramsay of Balti-
more and George S. Prince of ST. Paul.
me privileges of the convention were
granted to Percy Thompson, secretary of
W ASSOcldllOU, W no
made an argument in favor of the admis-
son OF that association to membership
IN the American Bankers Association.
Inc matter was referred to the executive
council.
discussion Of various matters affecting
banking occupied the remainder of the
1ay' the most important being us a bank
cneck revocable before presentation for
payment"
no conclusion was reached before the
adjournment.
CHARLEsTON's LITTLE CORPSE.