Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1896-10-03
AMERICAN BANKERS MEET
Men Who Handle the Cash In Ses-
sion at St. Louis.
IL Is a Distinguished Gathering of
the Great aad lesses Lights
or the Financial Circles
OF the Country.

st. Louis. Mo-, Sept. 22.-Probabiy
not less than 20 per cent OF all the mon
eys in the United States that at the
present time are entrusted to national,
state And savings banks, was represent
ed In the Olympic theater this morning
at the opening of the twenty. second an
nual convention OF the American Bank
ers association. 1t was a distinguished
gathering of the greater and lesser lights
OF the financial world OF the republic.
Among those upon the platform were Jo-
seph c. Hendrix, president National
Union bank, New York, and William II.
Porter, vice president OF the famous
Chase National bank of the same city.
the two financiers whose idea OF issuing
clearing house certificates prevented a
panic W years ago: Ex-Governor w. X.
Merriam, st. Paul: Harvey J. HolIister,
Grand Rapids, Mich; w. II. Rhawn.
Philadelphia; T. p. Day, P%lttsburg: Hon.
Myron T.. Herrick, Cleveland; c.. w.
Moore, Boise City, Idaho; J. A. Thatch.
er, Denver, Coo; Alfred Il. Smith, Las
Vegas, n. NJ: r. l.. Durham, Portland,
Ore; A. A. Denny. Seattle. Wash; Ed
ward Rawlings, Montreal, Can; II. w.
Wheeler, Blaine. Wash. Every state
and territory In the union was repre-
sented when, at 10 o'clock, Hon. Z. II.
Pullen, vice president OF the National
BAN or the Republic. New York, called
the gathering to order and presented
RI: Rev. Daniel $. futile. the Episcopal
bishop OF the diocese, who delivered a
fervent invocation. The roll having been
called, Mayor G. +. Walbridge welcomed
the delegates on behalf OF the city, and
w. ". Thompson, president OF the St.
Louis clearing house, i'm behalf of the
banking interests OF that city. Response
was made by President Pullen, who then
proceeded 70 deliver his annual ad-
dress, In which he dwelt at length upon
the present political campaign and its
relation TO financial issues, and empha-
sized the arguments OF the gold stand
ard advocates. Hon. Joseph G. Hendrix
OF New York presented the report OF the
executive council. and Treasurer w. II.
Porter of the Chase National bank OF
New York and Secretary Branch OF the
same city ais presented their annual
statements.
The most interegting feature of today's
session of the american bankers was the
reading of the report of the protective
committee, which gave q list of fifteen
bank burglars arrested, convicted and
sentenced during the past year, and a
brief story of the crimes OF each one.
The report set forth that the protective
committee Is composed of three bankers
whose names are never. for obvious
reasons, made public. They act on
these principles: !. To relentlessly pur-
sue, prosecute and punish professional
bank criminals who operate against
members of the American Bankers as
ISOLATION; 2. Never to compromise a
crime or compound a felony; 3. To spare
no expense to defend the members
againts the operations OF professional
criminals. The purpose OF the COM
mittee from the start was to educate the
professional bank criminals into the
belief that 1t wauld pay them very much
better TO leave the members of the
American Bankers association alone,
and as a result those members have en-
Joyed almost entire safety from burg
larry. OF twenty bank burglaries dur
ing the year ending last week. in Kan
sas, Illinois, Missouri. Ohio, Iowa, Mas.
sachusetts, Wisconsin. not one affected
an American Bankers bank. The time
Is neal when both bank burglars and
check raisers will be a thing OF the past.
: The executive committee has pre-
pared a resolution for adoption declar-
ing unequivocaily I'm V OF the main.
tenance OF the existing gold standard
OF value. and urging the banks in the as
ISOLATION to exercise all their influence
as citizens In their various states.