The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-08-18
MIXERS ARE IN SESSION.
Iscy Changers and financiers Meet
10 Detroit.
GREE PR0POUNDS A PROBLEM.
Saform Law for states Discussed.
Reports Of the Secretary and
Treasurer.


hook President Robert j.. Lowry called
order the twenty-third annual conven-
\ Of the American Bankers association.
presence OF many ladies testified to the
Rat interest taken by Detroit In the
tIs sql pun 'uol1usAuoo eul 10 sseISold
foyer and parquette and on the stage
We further evidence of Detrot's hospi-
ity
Prayer was offered by Rev. Father Henry
Chapman, s. K, president of Detroit
lege. Mayor Maybury then welcomed
delegates to the city In happy and
icitous speech. Goverr3r Pingree was
e In arriving, but when he came for
lrd he was received with generous
lnds OF applause.
Governor Pingree was introduced to well
me the delegates on behalf of the State.
ter a few words of cordial greeting the
vernon said:
II do not pretend to fully understand the
cory of money, being but an everyday
anufacturer of shoes, but have thought
blch l wish TO start rolling for discus
bn.
Whatever mems ideas may be Oh the
bject as to what money metal of uti-
bite redemption Is best IN the worlds
tmmerce and monetary system, / believe
is conceded that when silver gradually
ased TO be par the stock used for such
rpose in the balance OF trade and other
se. the available amount OF primary
bney, was reduced about one-half. To
tnedy this state of affairs, 1t is sought
fant an, ant o,t
hereby the unit OF measure may be
reed in either gold or silver at GER
n ratio. called blmetallism. Should 1t
possible to effect such an agreement,
should the people of the United States
eide to hereafter use gold alone for
bney of ultimate redemption, condition
affairs may be imagined when such u
rye proportion OF the worlds annual gold
oduct shall be used and consumed in the
is that increasing strngency in gold
in will occur. The use OF gold In the
It's is now increased from year to year.
understand 1t, the principal purpose
accommodating silver. either with or with
t foreign assistance. Is to increase the
ailabe supply of ultimate redemption
pney."
AS one method OF increasing the stock
the worlds coined gold, Governor Pin
zee suggested that some way be devised
prevent INC lHCTtdSlu6 uSt vi Epih III
o arts, for instance, a tax upon MAUI
otured gold in the shape of 1ewelry, gold
af. etc.
THE last address of welcome came from
porge II. Russell member OF the executive
uncil for Michigan. Then President Low
arose and responded to the greetings
Michigan and gave his annual address.
The annual report OF the secretary,
mes r. Branch of-New York City, fol-
|wed:
|mctican Bankers Association:
New York. August 1G-Gentlemen--I
lave the horor to submit the following
pmparative report for the ilseal years or
b96 and 1897.
Fash alancc membership account,
August 81, 1896 .,............ -. sS,6lS IS
fembers Joining from September
l. lN95 10 September !. 1879 ..:..- 5m
Paid members. September /, 1885. 2,l95
annual membership dues paid for
year ending August 81 Ns96....... .Sl7,24O 70
|asl. balance member
snip account August
prafts deposited for
next years dues. sub
lect 10 psyment........ 1890 oo--s47, l7o %
letnbers Joining from September,
!. ~, to August 10, 1Sg!........... 9sS
aia members August 10, 49,. ISIS
nnua' n,,mbersh.f, dues paid for
Ssl end;rs September !, 1886, TO .,o 40, %
august lU. S"i. .S39, 81 ~
BE ny an increase OF S22HI.l7.
nc above Figures would be larger but
or re investment of si5, Si5.S3 in govern
le@t londs. OF which S1o,721SS was charged
membership account, the balance Of.
se'S.i5 coming fiom the sal. OF 5000 Lake
re and Western d per cent bonds. In
uui;.on IL this. $4,000 was transferred
ron membership to protective fund de-
There were FL members Lest on account
the new schcdrle of dues. which went
no erect Septemhc.' /, 1885, thirty mem
e,s IRON failure and liquidation, making
1..uiil or 3Il lost members.
ms decreased tine membership at the
esinning of this fiscal year TO 1925 In
my instances letters were written and
itteuiars were sent from this office to
~ 9he banks, trust companies and private
ahkers in the country; and in some
tates the local officers OF the associa-
ioa addressed all the banks in their re-
pesctiye territories. This resulted in 4
am OF $50 members, who joined between
Septemher l. 1896, and August 10, 1897. This
takes net gain over last years total
membership of CIT.
me roll now embraces
Natfonal banks i. 453
Savings banks Observation-Disclosures. w
frust companies Observation-Disclosures. l32
NAeo paAhers OBSERVATION-DISCLOSURES. 225
Total .,,...... ,................... ..2.sis
HNith combined capital and sur
IA Nj oi..,.. ....--.-............. slsi,toi,l3S
{>hu deposits of.................. S,l.S.s32. I4J
Total 80. .s4173 1875. sos
This does not include the capital and
Peposlts of 225 private bankers, who make
~ statements.
i'his progress is due to the harmonious
gabors of officers and members. the excel
kent work done by the protective commit
kSe' ana the complimentary Hoticos from
ne press throughout the country.
WheD the recent stagnation OF business
h considered, the growth of the associa-
! ion is gratifying. and now that prosport
~ Is returning II points 10 even higher
plane of practical usefulness. IL Is pleas
Fnt to note the Endorsement of this ASSOC
eiation's present policy at the conventions
pt the State Bankers associations; the
local ORGANIZATIONS are recognizing that
ms central association Is the complement
70 themselves and reaches into channels
they can not enter, Continued accord can
pnty result in mutual benefits
IL Is impossible 10 estimate what can
Pc ACCOMPLISHED by the soldification and
eoncentration of the vast Interests and
Lar-reaching influence OF members of the
Cinerent bankers associations towards
ne suppression of crime. the promotion
Pf the Nations credit ana welfare, and
20 shape legislation which has for n guide