New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-08-20

uch n m. I'm. ~ aristocra;c tendencies for oui
people is met by the iaS s co,sntrT and with tho
greatest success One Of the best banks indiana
nas ever o hank OF branches and nothing else
had no head office with capi,a,.a ,hromrh TIVE
panc never susrending specie payment, ana iron N
The day !, GEsrsdt bank IN S tax " was the highly
nrontsble 10 shareholders and adyanaseoqs 20 'sC
public OF all institutions We sib had thirty one
WIN tne and Vas highly successful closing only
when the State bank tax cut away W.
negatives.
THE OBSTRUCTION POLITICAL
There is only one formidable obstacle 10 inc in,'o
duction of branch banking III ''e
and that L. the political one -.
Co hare we are met again by our olo enemy. '"'
poti,.l situation. the same W ss 800 and no?
Of The GTTrsnc sua lion Which has
ns worlds Of money and untold m,sery' The oes
iica situation, the p9i,ics Ross'U the mos, advan.
tsgeons? Is it the economical? Does !. sr,,
Is train the S, greatest g podniy possible?
cause of our unsound currency system Tniv beer
W Ss M f nui Years for nothing business
have made no profit anG have ps mcricamy poor
cdpunirvmen Are We then nation Of slaves? NOT
binding. grinding ms misery, noli,ins which
tyranny of Russia than TINS Nrah' Po"'''S' WIN"
rules our business world ~
How Shall the American Bankers Association
be Made More Useful?" was discussed by FRANK
w. Tracy. of Springfield. ILL.,
II believe the great battle at the polls last year
was precipitated nv this association. began MI.
Tracy. AT Baltimore in 1894. began discus
sion for a reform OF our currency The addresses
made there aroused the attention OF the enti'
country bringing the question 50 prominently pc
fore thinking people that the ponuCidHs WIZ
obliged to take notice.
MR. HENDRIX ELECTED PRESIDENT
Joseph c. Hendrix of Network City. was elected
president Of the association by reclamation.
George H. Russell. of Detroit received 2o5 Of the
votes cast for first vice president. although me
Nominating Committee had recommended r. W:
Tracy Of Illinois for the honor. Mr.. Tracy got
The secretary was instructed TO cast the ballot
of the convention for the state vice-presidehts ani
the Executive Committee elected are J; G. Cannon.
NewYork; p. W. Huntingdon. Ohio: +, j; towrie'
% Wes1 TrSn "a the list Of the
tive Council named by the delegates OF the various
Sas R Is as Virsnia D. W arret
Missouri; A. w. Campbell, Mississippi; j. {. Hunter
Minnesota. .,. ,-
resolution adopted by the convention urg.
ing Congress promptly to provide FOR competent
non-partisan currency commission. 10 the end tnat
sound financial legislation may be speedily secured
The regret at the death Of William +. 81. John;
of New-York City was expressed In a reso."'loh
Iuncheon at the disiiilery Of Hiram Walker &
Sons. at Wakerville Ont. and boat ride TO Des-
Chree-shosKa this afternoon wound up the So
cial features of the meeting.
While at Waikervilc several impromptu speeches
were made Retiring President Lowry responded
succession by Messrs Hendricks. Russell. Leath-
ers Powers Jordan and others. Then the twenty
ISOLATION terminated in combined outburst of pa
triotism and good fellowship. cries OF accamatipn
Queen rising together from thousand throats.
The band PLAYED Dixie and Yankee Doodle .
alternately and the delesaes from al sections OF
the country united in pronouncing the convention
OF 1897 an unqualified success.