The herald., 1897-06-30
OFECE OF THE HERALD,


be made by the state Bankers Associa-
tion of Missouri. says the New York
Financier. 1t contmpjates nothing less
than the establishment of School OF
Finance at 81 Louis. to be devoted ex-
clusively to tie higher training of young
men who desre to enter actively into
business life, or who may wish to gain 2!
practical kn,wledge of commercial and
financial AFFAIRS in their relation to mod
ern life. ~ bankers of Missouri have
discussed ~ matter of establishing such
an instit Nm for some time. but 1t was
only last ear that the project was OFF,
c'aiy etuoi sed. Since that time a COM
mitteS "as been working industriously to
makS eport, and at the coming session
luis the plan will probably re-
=. -, uragement of a nature to make
le success. Such pretentious
a,,.t is unusual for an association of
,,,..,.s and yet the very necessity Of
,a ,,s jution OF the character outlined.
rn. ;, h,ssentire practicability, will appeal to
furtbesiness and financial world without
whx argument.
IN tes the founding of school designed
tho ,of finance has been neglected up to
ter, present time is something of a mys-
aref but now that the Missouri bankers
II about to sanction the project and give
,nehe impetus of official aid and endorse
Itent. the want bids fair to be supplied.
q, is true that the standard colleges have
departments devoted to the study of eco
monies. the University of Pennsylvania
in particular enjoying through the munifi-
cent donation of Mr.. Joseph Wharton a
high standing in this regard. but if we
signed by the Missouri Bankers Associa-
ton is to be neither branch course in a
University education nor yet q CONNER
cial college. teaching mechanical forms Of
everyday application. On the contrary
1t is to be practical training school to fit
young men for profession requiring now
as never before a mind trained to grasp
with keen, analytical precision, the tech
nicalities of modern business.
+ 4 =
James G. Cannon, Vice-president of the
Fourth National Bank of New York, who
was elected president of the National
Credit Mems Association at its recent con-
vention at Kansas City, in conversation
with the New York correspondent of the
Philadelphia Ledger, gave expression to
the very bullish impression of the general
business situation which he obtained dur
ing his trip west and his interviews with
the delegates to the convention. The as
sociation has membership of nearly two
fhnucand orto tix,ac Of
camille houses in the country. nearly three
hundred Of whom were at the convention
as delegates, each local association being
entitled to certain number of delegates,
according to its membership. Twenty
three states were represented in the con-
vention, the delegates coming from as far
west as Portland, Ore, and Los Angeles,
CAL. as well as from ST. Paul, Mimi; Bos-
ton, Mass, and New Orleans, La. Repre-
sentatives were present from every large
tobbing center in the United States. A
careful canvass of tho Delegates present,
he says, indicated that the consensus of
opinion was that the general business sit
uation throu ghout the country was stead
fly improving. The price of merchandise
Is on firmer basis. and merchants ex-
~ ScS tiic OpiiiOn tuey Will not be
obliged to conduct their business on a
falling market, as was the case last year.
Crop prospects throughout the west are
very encouraging. and cool weather, fol-
lowed by abundant rains, together with
warm growing weather. has brought ev-
erything rapidly forward. The farmers
are receiving better prices for their cattle,
and II the price Of corn and wheat can be
maintained the merchants look for very
prosperous condition of affairs throughout
the west this fall The members of the
association. he added, were all hopeful of
an early settlement of the tariff question.
and were much pleased with the remarks
OF Secretary Gage as to the policy of the
administration regarding financial ques-
tions. They were heartily in favor of the
appointment Of a currency commission.
and a resolution to that effect, offered by
the Minnesota delegation, was unanimous
~ ADOPTED. Besides this a great many
questions of interest to the mercantile
community were discussed among which
were uniform statements A resolution
was adopted authorizing the preparation
of such statement blanks for the use of the
members of the association throughout
the United States. Many other topics of
ike nature were considered. Mr.. Cannon
spoke fiatteringly of Philadelphia ex-
celient delegation at the convention, and
said that Mr.. Field made an entertaining
and able speech against the Torrey Bank
ruptcy bill. The convention, however, in
dorsed the bill.
\
Foreign Commerce of Switzerland in
1S96-The Moniteur Officiel du Commerce,
Paris, April l. 1897, says. Swiss imports,
which In 1895 amounted to 915, 900, 900 francs
Nl76,5s5,O0O). reached in 1896 the figure of
WV ooo,oOO francs ($19l.649 O0O). The exports
were 6SS,OOO,OOO francs ($132. .7S4, ,OOO) against
oeSooo,oo francs ($l22. .1690OW in 1895.
Comestiples We're among the principal ar
ticles imported. 1t is curious that IN ag-
ricultural country like switzerla nd should
find 1t necessary to import such quantities
OF poultry, eggs. butter, apples, etc,
Thirty acres of land between the I,eb;gh
Valley and Central railroads at Bound
Brook, N. j., "have been bought bv q Car
man syndicate, and it is said an immense
glue refining works. which will give EN-
ployment to large number of persons.
VIII be built on the site.'
A Chicago dispatch says: "A new door
has been formed. It is known
as the Western Door Company, with ST.
Dou,cQO capital. and headquarters at Rock
Island I'll -