The times. [volume] (Richmond, Va.) 1890-1903, 1901-10-18
CALDWELL HARDY
YICE.P RESIDENT
Bankers Select Norfolk Man for Their
Second Office.
WANT BANKRUPT LAW REPEALED
Resolution to This Effect Was Referred to
the Executive Councl-Couyention
Adjourned Sine Die
Yesterday.
lEr Associated Press.l


MILWAUKEE, WIS, Oct 1.-THE
closing days session OF the American
Bankers Association Convention was de-
voted to a construction of the discussion
of practical banking questions. After
a prayer by the Rev. ]. Beverage Lee,
of Milwaukee, President Trowbndse IN
troduced 2. C. KAUFMAN, Of Tacoma,
Washington, who spoke on the financial
and commercial factor Of the Pacific
Coast.
Walter u. Coles, of St Louis, was the
next speaker. His subject was the bank
ruptcy law.
James E. Eckles, Of Chicago, former
comptroller Of the currency. was intro-
Guced to the convention by President
Trowbridge at the conclusion of MIR.
sets currency. The note issuing functions
of the country, he said, are not wha.
they ought to be. He agreed with Sec
rotary Gage that the financial system
had not reached that point of develop
ment where Il people of SO much Frog
ress, so much energy and force as the
people Of the United States have a right
to expect that it should. He would like
to see legal tenders of the government
retired, as there is always a, possibility
of their issue in a form that will he
detrimental to the country.
SUBTREASURY.
He would like TO see the abolishmen.
| of the SubtreaSury of the country. 1t
stands as menace to trade and commerce
of the country because it locks up the
money. The subtreasury should be con-
!, Quoted as is the business of a private
| individual or large corporation. He
| would restrict revenues where the credit
! of the country could be maintained. He
! believed in great banks and a branch
| system of banks.
| The following memorial on the death
Of President Mckinley was presented
and adopted by rising vote:
IN MEMORIAN1.
We, the members Of the American
| Bankers Association, are saddened by the
| death OF our Ionored Chief Executive
William Mckinley. His fame rests Sc
cureiy in the nation that he loved and
| hoped to save. We acknowledge to the
/ fullest our obligations to his memory and
| desire to put on record this simple testi-
mony to his high character and pure life.
| Most deeply do we sympathize with Mrs.
| Mckinley and his family, who haye srs-
tanned SO much greater loss, and may this
/ in some. small degree testify to our love
! and respect for him and our sorrow for
| his death.
OFFICERS CHOSEN.
| The list of officers as reported by the
| Nominations Committee was elected as
| follows:
President, Myron T. Herrick, of Cleve-
| land: Nice-President, Caldwell Hardy, CT
| Norfolk, Va: Chairman of Executive
/ Council, F. G. Bigelow, Of Milwaukee
Treasurer, G. NJ Reynolds Of Chicago.
o1Na, -,,f yloo ,o;J
! Ralph Van Vcchten, OF Iowa; J. ]. Suili
van, Of Ohio; John L. Hamilton, CT Jill
nois; James R. McAllister, of Pennsyl
Vania; Frank G. Bigelow. of Wisconsin
w. F. Sweeney, Of Missouri; F. II. Fries
of North Carolina; J. NJ. Donald of New
York: P: G. Kaufman, Of Washington
w. G. Mather, Of Cleveland.
The new Executive Council elected
James r. Branch, secretary.
BANKRUPT LAW.
]. S. Davis. of Georgia, introduced TIL
following resolution, which was referred
to the Executive Council:
Whereas, The bankruptcy. act has had
time to serve the purpose intended By
Congress, to give relief to the honest, Cp
pressed debtor, and
] ..Whereas, its further operation will en-
tail loss upon both the creditor an6
debtor class and the general public by
! reducing lines off redit,srestrictinG busi-
ness, thereby checking the wonderful de-
velcpment of tie country promised
through right conditions; therefore, be il
.Resolved. That this convention
through the Executive Council Of tht
Bankers Association, memoralize Con
eress to repeal the bankrupt law.
! New Orleans and Memphis extended in
yitations tor the next convention. This
mace of meeting will be chosen by the
Executive Council at a meeting in New
). York next April.
The convention adjourned sine die Al