The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-06-11
BANKERS WANT SUB-TREAsURY
THEY PREFER TO HAVE 1T EsTAB-
LISHED IN SAVANNAH.

congressman Urged To Secure One in
the south Atlantic States-They
Also Want the Revenue Tax Act
Hepenled-Banscrs VIII Confer
With Farmers as TO Differences
between Them-NIr. j. G. Rhea OF
Griffin Elected President.
Warm Springs, Ca. June 1O.-The second
and last session of the eighth annual con-
Venuon of che Georgia Bankers Assoc.a-
Ton adjourned to-day with the election Of
oihcers, and the discussion of many papers
and the adoption OF some very importans
resolutions
}. g. Rhea, cashier OF the City National
Bank of Griffin. was elected president.
ana the fun executive council was elected
and various committees were appointed.
inc bankers VIII confer with the far
mets ana take UP questions that are OF
interest to the two A committee of three
was appointed under a resolution Intro-
duced by f. T. Iardwiok of Dalton.
whose duty 1t shah be to meet with the
Heorgia Agricultural Society in Ouitman
ia August and ascertain what differences.
bankers ''s
w. b. Slade and Ed. l.. Wright, were an
pointed delegates TO the American Bank
ers' Association which meets ia Cleveland
in August
sub-TreaSury in savannah.
Mr. B. 7. Hardwiek introduced a roson,-
ton which was unanimously carried. urg-
ing the establishment Of sub-treasury bv
the government In the South Atlantic
states The resolution, which Is considered
one oI the most important features of the
conventions work. Is as follows:
faRp 2
this association, now assembled in con-
ventlon' that a sub-treasury be estab-
hshed by the United States government.
especially in the central or southeastern
Southern states, preferably at
savannah and that copy
OF this resolution be sent tn
each OF the Georgia representatives and
senators with the request that they uso
their influence to establish this sub-treas-
The bankers roasted IN no mlstal,lna
words the tax act, and declared that il
was an injustice to the depositors as well
Is ,,,,,si, W. ,ne Rank' and the convention unan-
lmously asked that the representatives In
congress aid In repeating the act
The following resolution was introduced
n.y., Dg ~ a, Davis OF Albany. and unanl-
Whereas, N our opinion the present
internal revenue tax act is unnecessary
and onerous, BE It resolved, That our
immediate representativ IN the Congress
OF the United States be requested to ex-
ert their Influence to have IL repealed"
This resolution was adopted with ap-
plause.
The New Officers.
The following annual officers were elect-
ed for the next year:
Presldent-J. G.. Rhea.
First Vice President-P. r.. May; Sec
ond vice president, y. II. Thornton; third
Vice president b. w. Hunt: fourth vice
president s. w. Peek; nth vice presl-
dent, s. B. Brown.
Seeretary-L =. Hllyer.
Treasurer-G. H. Plant
Chairman executive council, F. T. Hard
wick, and the following members of the
council, II. A. Graves r. d. Meador, ].
Lott John II. Reynolds. Oscar Dooy and
Frank Sheffield.
President Rhea was escorted to the
chair, and delivered happy speech,
thanking the bankers for the honor con-
ferred upon him and promising faithful
service.
A vote Of thanks was unanimously given
Mr.. w. q. Cam OF Savannah. the rellr-
ing president
The Operations OF the Internal Reve-
nue. Law" discussion by c. G. Sanders
Of Gainesville was very interesting and
J. W. Cabaniss of Macon
Over drafts" and W. s. Whitman spoke
on the subject Loans to Officers"
There We're many important addresses,
and the session was interesting and profit
able throughout The convention adjourn
I'd al / O'Clock until next year. and the
numbering about 300 are leaY-
ing for their homes this afternoon.