The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-09-24

Rule Include Also Passing Notice Of
the Financial Issue in Politics, After
which There is Discussion of Many
Questions of Interest to the Banking
Fraternity In Particular and the Bust.
ness World In General.
st. Louis, Sept. 23.-President Pullen
was prompt in calling the second day s
session of the American Bankers asso-
citation convention TO order today, but
only half the delegates were in their
seats when Archbishop ]. j. Kahn made
the opening prayer. They began drop
ping in after 1880 O'Clock and an hour
before noon the parquet was we'll filled.
The first order Of business was the
sail OF the roll of states for reports on
the condition of the banking business in
various localities. S. II. Harner of
Helena, Ark, reported money condi-
lions In his state better since the cotton
crop began moving. He deprecated the
extent of free silver sentiment in the
country and smaller towns. and said
the banking interests were doing what
they could to stamp it out
Mr.. Lutz OF California, after stating
that his state had always operated on
a gold basis, explained the difficulties
Of banking in that state. K. Ottey of
Atlanta, Ga, who took a rap at free
silver, reported his state es prosperous.
F. w. Tracy of Springfield, H., re-
ported all the Chicago banks as paying
their usual per cent quarterly divi-
den DIS.
]. L. Mulvey of Topeka, John n.
Lea theirs of Louisville, KY, A. c.. An
derson OF st. Paul, r. W. Millsops of
Jackson, Miss; DR.. w. S. Woods Of
Kansas City, Messrs. Yates of Lincoln,
Neb.; Burridge of Boston, Schirer of
Detroit and a number of others made
short talks for their respective states,
In the course Of which they almost in
varia(bly put In a word for the gold
standard
Bradford Rhodes of Mamaronick, N
Y, wound UP his remarks by declaring
that the empire state would roll up a
big majority against free silver at the
coming election.
UNDER DISCUSSION.
At the conclusion of the roll call there
was general discussion OF the follow
ing suggestions, which took up a great
er part Of the day:
Diligent presentation of checks pay
a bic at a discount: the law and practice
Discussion Of the rule abolishing re-
strictive Endorsements.
Paying Of depositors' notes: discuss
ION Of practice in different states.
Necessity Of uniform laws governing
commercial paper. What can the Amer
lean Bankers association do to bring
about the various state laws into har-
mony? Is a bank check revocable be-
fore presentation for payment? Dis
cussion Of the practice in the various
states.
Warehouse receipts as collateral:
risks in loaning upon them
The uniformity of holiday laws
Equality in the taxation of bank
stock
Bank statements: can they be i'm
proved?
The partial payment of checks.
Recourse Of bank against account of |
an insolvent customer.
Should note exchange be charged on |
all items? Items that cost to collect
Is 1t good banking to pay interest on |
daily balances?
Is it desirable to have a national |
bankrupt law?
Is it desirable to have the 10 per cent |
AK on state bank circulation repealed? |
Should not the national banking law |
permit the organization of banks of /
small capital in small towns?
Ought there to be legislation 10 pre-
vent ''kiting?'
What is the best method to safeguard
bankers drafts from forgery and alter
alton?
AFTERNOON SESSION.
The afternoon session of the conven-
lion was rather prosy and uninterest-
ng. There were few If any spectators,
and less than two score Of bankers at
tended.
Herman JUST Of Nashville, Tenn,
presented a lengthy paper discussing
he question as to whether banks should |
20 on bonds. Mr.. JUST took the posi-
ion that they should not.
A dozen or more subjects regarding
he practical and the technical opera
ion of banks were presented and dis
;ussed informally.