The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-06-10
GEORGIA BANKERS GATHERED.
PRESIDENT CANN's APPEAL FOR
SOUND CURRENCY.

Pronounced Against Trusts in His
Address. and said Congress shouIa
Declare for the Gold standard Un-
eIuivocally-Wnnts the Associa-
tion 10 Protest Against the Heavy
Charge ON CoIIectiOns-An Inter-
esting Entertainment.
Warm Springs, Ga, June 9.-The eighth
annual session of the Georgia Bankers
Association is in session here, the first
session being called TO order this morn
ing at 10 o'clock by President w. G. Cam
of Savannah, who delivered an interesting
address to the bankers.
The last session will be held tomorrow
when the annual election of officers viii
take pace Tonight magnificent musi-
cal and entertaining programme Of reci-
tations and character sketches was given
complimentary to the bankers and their
friends.
The roll call showed one of the largest
attendances in many years. and every sec
ton or the state and nearly every bank
Is represented. The reports of the execu-
tive council and of the delegates to the
American Bankers Association, held at
Denver last year, We're received.
Treasurer George H. Plant and Secretary
L. p. Hillyer made interesting reports.
showing the banking interests of the state
are in splendid condition, and that the
financial situation is fun of promises.
In 4 u a
we must have more elastic currency. a
more thoroughly general currency. and
that in his opinion this could never be
had with government bonds as the sole
basis Of bank circulation. He said govern
ment bonds are necessarily too limited and
when expansion is most needed they win
not furnish elasticity.
For the Gold standard.
Let Congress declare for the gold stand
ard unequivocally, thus putting on record
the fact that our money shall be equal 10
the best on earth. This is practically true
now, but for the lack of it we have lost
millions on the bonds sold In the past five
years"
President Cam declared the concentra-
tlon Of capital in so-called trusts is a
menace to the future prosperity of the
country. He suggested that the national
bankruptcy law needs amendment in sew
eral details, and he urged uniform ne
gotiabe instrument law. President Cam
said the recent move ON the part Of the
New York clearing house, putting a
az OH
ed with them for collection on points in
this state, was entirely too severe as
to the rate, and he recommended a pro-
test from the association. He roasted
the efforts Of the Georgia Legislature to
double tax banks, and deplored the fact
that the government had aided in its
war tax levy in "pilng on the bankers
burden"
one of the very interesting features of
the session to-day was the discussion led
by Cashier Joseph A. McCord of the
Third National Bank of Atlanta Many
Atlanta people are at the Springs. and
the largest crowd in years is here.
An Evenings Entertainment.
The programme, Of the evening which
was the social feature of the convention.
was rendered in the auditorium. and Is
as follows: Overture, Warm Springs or
chestra; song. Columbus Sappho Quar-
tette; song VIM. f. Dunwody; recitation.
Prof Franklin Kean; song, Columbus
Sappho Quartette; song, c. L. MccardIe;
song, Miss Ella Powell; song. Columbus
sappho Quartette; song, c. l.. Mccardie;
recitation, Prof. Franklin Kean; song, Mr..
Dunwody and Miss Powell
Ten minutes with the only, the inin1ita-
BILE William S. witham, who concluded
his wittcisms by introducing a banker
who expatiated upon the reception ac-
accorded William J. Bryan. when that
gentleman visited Butte City, Montana, as
a free silver candidate for the presidency.
finished the programme. At the close Of
the programme delightful refreshments
were served after which a dance was
given.
President Cam is greatly pleased with
the conditions existing In banking circles.
and believes there Is no doubt that the
era Of prosperity is well under way. and
has come fO efaU