The times. [volume] (Richmond, Va.) 1890-1903, 1898-08-26

there was A. demand for them rather
than 20 10 "a place that did not want
them.
Il do not think 1 have ever seen an
American that was aware or the fact'
but England. Scotland. and Ireland have
to-day exactly the banking system that
| contend for Each island has local
banks scattered ali over II That put our
their notes on no security whatever out
tho assets OF the banks themselves.
"The notes are at discount th'ry
miles away from the bank that issued
them. but they furnish the people hVihg
around those banks with an abundant
and perfect currency Great britain
whole Internal economy rests upon these
banks.
DIFFERS WIDELY.
W. s. Wood. OF the National BANK OF
Commerce. or Kansas city, Mo, con-
demned the ideas advanced on Mr.. Roy
ais address, from first TO last me
banking business, he asserted was hlsh-
IN developed all over the country. In the
East large commerce had led 70 the es-
Enlistment OF banks Of large capital.
while In the West smaller commerce
had been satisfied with smaller banks. I'm
tho West banks were too plentiful; com
pctiti0n had been so excessive that the
bankina, business is not profitable, and
consequently I'm many cases not safe.
He advocated the branch bank system
as tho remedy for the trouble. Mr.. Bone
drake. OF Kansas. disagreed with DIT
ROYALS assertion that the country as
trlcts lack banking facilities. and es-
pecially I'm the West He quoted figures
To- show the amount OF money III 'he
- hanks IN kansas
MIR. BRANCWs VIEWS.
John = Branch. president OF the Mer-
chants National Bank OF Richmond, Va
disagreed with an suggestions. He favor
"a permitting country banks 90 issue cur
rencv on the same terms as city banks.
George NJ Reynolds. cashier Of tho
Continental National Bank. Of Chicago
followed IN q paper on Uniform Laws
Tor HOLIDAYS as Well as Days of Grace.
John W. Fnxon. assistant cashier OF the
First National Bank of Chattanooga
Tenn. followed I'm a paper ON "banNns
MS IL Relates TO Industrial Develop
ments"
W. s. Witham. Of Atlanta, followed IN
an address on "rhe Country Banker
NOMINATIONS
The Nominating Committee then made
fits report which was adopted. The ofii-
GERS N|Nf.NfNA arc Nn UNIV
President George II. Russell Detroit.
Mich. First Vice-president, walker llill,
ST. Louis. Mo-; members of the EXecu-
tive Council for three years. Charles H.
Hannah. Council Bluffs. la.i Homer w.
McCov Peoria. Ill.,; S. r. Shoemaker,
Huntingdon. Pa; r. McCurdy Noungs-
town o.. A. p. WOoridge. Austin. Tex.
Brecknrdge Jones. 81. Louis. Mo- J. 9.
Mitchell. Denver Col; j. g. Brown. ka-
leigh. a. c.. II l.. Burge, Boston, Mass.
Bradford Rhodes. New York
Among the State Independents are the
following. Florida John II. Dismukes
Georgia T. p. Hillyar. North Carolina
John NJ Miller. Jr. South Carolina, j. a.
Brock. Virginia. Alexander Hamilton.
The officers elected were then duly IN
stalled The retiring president, Mr. JOS
eph c. Hendrix. was presented with a SILL
yer punch bowl by the members of the
association.
The convention adjourned sine die.
At the meeting OF the Executive Coun-
cil held ar the Brown Palace Hotel. Alva
w Tr0whridge OF New York was re-
elected chairman OF the council. James
T.. Branch. Virginia. secretary. and G..
NJ REYNOLDS. Chicago. treasurer q