The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-08-20
BANKERS ADJOURNED.
Convention Closed With Va
rious Social Features.
'nREsS ON SAVINGS BANKS"
IA. Respect the United States
4. AIonc-IntcrcstinE Discuss
|. of n Number OF Subjects.

!. August 19.--The twenty-third
convention Of the American Bank
.sociatipn came to an end at
This afternoon. According to pre-
First Vice President Joseph G.
cts o. New York was raised to the
Il president George II. Russell OF
received large majority VI the
asst for first vice president, although
ninating committee had recommend
IN. Tracey of Illinois for the honor |
.ss was transacted with Il rush TO-
number of papers having been car
Ter from yesterday. Luncheon at the
distillery Of Hiram Walker
at Walkerville. Ontario, and boat
Des Chree Shoska this afternoon
up the social features of the meet
While at Walkerville several i'm
ku speeches were made. Retiring |
eut Lowrey responded TO repeated |
nd was followed in rapid succession |
ssrs. Hendricks. Russell. feathers, |
D. Jordan and others. Then the twcn- |
I'd convention of the American bank |
association terminated in a combined |
of patriotism and good fellowship.
of reclamation for the Stars and
5" and God Save the Queen" rising
er from a thousand threats. The
played Dixie" and Yankee Doodle
ately and the delegates from all Sec
pf the country united in pronouncing
Invention of 1897 an unqualified sue
HI. dr.v'LP work characterized the last
b a tho corventi)1 today. Promptly
o'clock the gathering was called to
and the reading of papers let ever
yesterday taken up. Tie cresion
d Legislation is Needed in Respect
Currency was discussed in an In
ing paper by N. b. Slyke, president
First National bank Of Madison,
Mvron T. Herrick of Cleveland read
Ter entitled Saving Banks" and IN it
this:
may be said with respect to its saw
bank deposit that the United states
Is alone. European countries when
listed with it make very Indifferent
Ing 1t seems to me that an argu-
for government assumption OF the
ianship of the peoples money must
lsed Gu the promise that the govern
could employ the money in carrying
fmanent debt. as docs Great Britain
bther countries. but the debt of our
Try is not permanent in its nature and
tosperous times ii has been rapidly
hated. | am confident. therefore, mat
he future as in the past the people
view with nisgivings any movement
bat direction. Besides. this scheme
xt-ith hn cpitt Df
of government. With nations abroad
tendency and policy is to make the
e subservient to the government. our
ty looks to make the government sub
ent to the people. The spirit OF In
1ual independence runs through our
e governmental system and should be
Sred rather than discouraged.
the hard times through which we
\ passed since tho memorable year OF
| has so little affected the condition
Rvings banks deposits and has failed TO
fn the confidence of our people in the
HI and stability of these institutions the
| re seems indeed bright. with promise
the greater usefulness in the wise con-
| Of the savings of the people.
|arvey j. Hollister, president of the
BID Rapids clearing house, spoke on
ganized Capital; Its Privileges and Du-
'adford Rhodes. president of the Nam
|bne Creek bank, Mammarone Creek, N.
read an address on the subject: Are
bring Houses for Country Checks Prof
|le?" Mr. Rhodes submitted an exhaus-
plan, accompanied by diagrams show
his proposed method of facilitating the
ection Of country checks.
Gunby Jordan, president OF the Firs
ional bank of Columbus, Ga. gave al
ress on tho subject: How Would
ional Banks With C Capital o' Less
IN $50, 900 Be of Benefit to the Country"
Jordan'l address follows:
his address on GLOW Would National
hks With Capital Less Than Fifty
Pusand Dollars BE OF Benefit to This
bus. Ga. said in part, I'm this mo
ht when political contests and profes
pal politics do not becloud the question
T. fitting time to earnestly seek
lhod to enlarge borrowing facilities
ter distribute the loanable capital nov
gested in the centers and pull IRON
ir hiding places the idle hoardinSs o
tions now illy provided with banks"
@ said the National banking system
med to be preferred and was likely T
n; therefore the part of wisdom was t
Re the law amended.
tHiipnS tne amendments noFe cOuf
I've. wiser purpose or prove NOR
Reticent than a reduction in the mini
! m amount of capital required for tn
fanization of National bank.
~ strong sentiment possesses man.
mixing men that State banks of issu
Puid supplement. under well defined reg
ftions. the National system. Objections
pich seem paramount to the legisla
fn, have been urged against thi
Pnge, and we are not likely to soon Sc
Pgress repeal the tax which now Ell
Ftnally bars State banks of issue. 1t
cheerful sign of the times, when I'll
lslness men of the Eastern and Mlddl
htes begin TO appreciate what the Yves
n South have so long and keenly felt
lily distributed hank credit power G
y States -
The cry for more money comes loudes
pm the sections where banking facil
Is are deficient. This matter, long neg
Fted, will enforce It's demands and even
llv control all LEGISLATION.
THE Southern States. with over %
ZOO people. have only an average cred
lwer Of s19.15 per capita. while the Me-
hgland States have s2S7S ner CAN'T:
ew England. with about looo,ooo .popuif
en. has greater banking power than II