The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-08-19

be the interchange of Information concern
ing tho indebtedness of banks TO each other
and to provide against an undue expan-
sion of credit and to promote sound and
healthy banking methods.
ANY bank or trust company that Is .
member OF the American Bankers asso-
citation shall be eligible to membership In
and shall be entitled to all the privileges
Of the association upon the payment OF -
per year as dues.
"A. The principal Offs OF said associa-
tion shall be In the city OF New York and
the secretary OF the American Bankers
association shall be the general secretary
or general Manager of said association,
"5. The superintendent or manager OF
the clearing house in each city of the
United States may be appointed secretary
or manager eli said association for his city
60 The executive committee OF the
American Bankers association or n special
committee appointed by the association for
the purpose. shall formulate proper rules
and regulations for carrying out the OBJ
jects OF this association. Said committee
shall procure telegraphic code and all the
necessary blanks for the use OF the secre-
tary in furnishing information In uni
form manner when called upon.
20. The general manager and local man.
ayers OF the association shall receive such
compensation for their services as may be
agreed upon. and in proportion TO the labor
and time employed In filing said position.
49, II shall be understood that in fur
nishing information to banks making pri-
waite inuqiry through the association that
the private business affairs Of any bank
shall not be disclosed to any other bank.
but the total Indebtedness Of banks alone
shall be given, without the names OF any
creditor banks. The employing OF the bu-
reau OF the association for the mere de-
her ttsanr rxfxTt
motives shall be positively forbidden, and
should be prevented by the strictest rules.
The secretary OF the bureau should have
positive instructions to allow no one, under
any circumstances. to see the returns, or
to report what member OF the bureau has
made the inquiry. and that these reports
should be guarded with the greatest pro-
lection to preserve them from the knowl-
edge OF dsinterested parties, and from be-
ing used for some evil purpose.
80. Any bank shall have the right TO
obtain a copy OF any report made through
the association that may apply for the
same, upon the payment OF small fee to
the secretary furnishing the same.
80 A classified list Of the banks OF the
United States shall be compiled and kept
In the office Of the general secretary, and.
as far as possible. the names OF their cor
respondents In the various cities where they
keep accounts.
iii. The manager or sub committee in
each city should be appointed to explain
the objects OF the bureau, and endeayor
to secure the membership and corporation
CT banks that would have any Interest IN
the work the bureau would undertake to
do. and Ia this way practical unanimity
might be secured. and the objects sought
to be obtained by the bureau successfully
accomplished"
The address, OF John p. Breach. president
OF thu Merchants National bank OF Rich
mond. Va, vas On what Legislation -
Needed IN Respect TO the Currency"
M. President and Genflemen:
I N Invited Il eugxg.t "Xhn8 Leg1G2er