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,
II Is n Distinguished Gathering of
the Great md tesser Lights
OF the Financial Circles
OF the Country,

sc. Louis, Mo-, Sept. 22.-Probably
noe less than 80 per cent Of all the mon
eys in the United States that at the
present time are entrusted to national,
state n savings banks, was represent
Ell 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
or the financial world of the republic.
Among those upon the platform were TO-
sepn Z, Hendrix, president National
Union bank, New York, and william n.
Porter, Vice president OF the famous
Cnase National bank of the same city,
n two ~hnanciers whose idea of issuing
clearing house certificates prevented a
panic two years ago. Ex-Governor w. X.
Merriam. st. Paul; Harvey j. Hollister,
Grand Rapids. Mich; W. III. Rhawn,
Philadelphia; t. p. Day. Pittsburg; Hon.
Myron L. Herrick. Cleveland; C. w
Moore, Boise City, Idaho; j. A. Thatcn.
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; H. w.
Wheeler, Blaine, Wash. Every state
ana territory In the union was repre-
sented when, at 10 o'clock, Hon. e. II,
Pullen, vice president Of the National
bank OF the Republic, New York, called
n gathering to order and presented
Rt, Rev. Daniel S, futile. the Episcopal
bishop OF the diocese, who delivered a
ferVent invocation. The roll having been
called, Mayor c. +. Walbridge welcomed
the delegates on behalf of the city, and
w. II. Thompson, president of the st.
Louis clearing house, in behalf of the
banking interests of that city. Response
was made by President Pullen, who then
proceeded TO deliver his annual ad-
dress, in which he dwelt at length upon
the present political campaign and It's
relation TO financial issues, and empha-
sized the arguments of the gold stand
ard advocates. Hon Joseph c.. Hendrix
or New York presented the report OF the
executive council, and Treasurer w. II.
Porter OF the Chase National bank of
New York n Secretary Branch of the
same city also presented their annual
statements.
The most interesting feature of today's
session Of the american bankers was the
reading of the report of the protective
committee, which gave a 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 IL composed OF three bankers
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,
n 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 near when both bank burglars and
check raisers will be a thing of the past.
: n executive committee has pre-
pared a resolution for adoption declar-
ing unequivocally i'm favor of the main.
tenance of h existing gold standard
OF value, and urging the banks in the as.
ISOLATION to exercise all their influence
as citizens in their various states.