The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-10-18
The BANKERS ADJOURNED.
American Association Concluded It's
Annual Convention.
FORMER COMPTROLLER ECKLES SPOKE
He Advocated the Abolition of the Gov
eminent Treasury on the Ground
that 1t Weakened Commerce.

Milwaukee, Wis, October 17-The closing
days session Of the American Bankers as
socintlon convention was devoted to con.
tnuation Of the discussion of practical
banking questions.
After prayer by Rev. ]. c. Reveridge Lee
Of Milwaukee, President Trowbrldge in
troduced 2. c. Kaufman Of Tacoma, Wash,
who spoke on The Financial and CONNER
clal Future Of the Pacific Coast"
Walter d. Coles of ST. Louis was the
next speaker. His subject was the bank
ruptcy law.
James II. Eckes of Chicago, formce comp
zS/tT of the currency, was introduced at
Of Mr. Coles paper. -
sssIr Eckles spoke on assets Currcncy."
Tie said he agreed with Secretary GSSp
that the financial system had not reacliEa.
that point of development where a people,
of so much progress, so much energy and
force as the people OF the United States
have right to expect that 1t should. He
would like to see legal tenders of the gov
eminent retired, as there is always pos.
sibillty of their reissue in form detri.
mental to the country. He would like to
see the adjustment Of the treasury of the
country 1t stands as menace to the
trade and commerce OF the country because
1t locks up tine money The subtreasury
should he conducted as is the business OF
a private Individual or large corporation.
tie would restrict revenue whore the credit
OF the country could he maintained lie
believed In great banks and branch system
OF banks, We have an administration that
commands the confidence of the people and
lhe admiration OF the world, aud there is
no reason why we might not well discuss
with frankness every public question
a memorial on the death of President
Mckinley was presented
fpf Nv
Ing committee were elected as follows:
IRE sluent. Myron T. Herrick, Cleveland,
wee president, Caldwell Hardy. Norfolk
va; chairman Of the executive council,
Frank G., Bigelow, Milwaukee; treasurer
George Nj. Reynolds. Chicago.
President TIowbridge on retiring was
presented with a beautiful silver punch
ooWl by the members Of the association.
!; 5. Davis of Georgia introduced the
Following resolution, which was referred
To the executive council:
whereas. The bankrupt act has had
Tine TO show the purpose intended nv con.
gress to give relief to the honest. on.
pressed debtor; and ~
Whereas, Its further operation will en-.
tali loss upon the creditor and debtor class
ana the general public by reducing lines
or credit restricting business fherehv
checking the wonderful DEVELOPMENT ~
me country promised through right condI.
lonS; therefore, be II
a., Resolved. That this convention through
me executive council Of the American
nthhers association, memorable congress
70 repeal The bankrupt law"
a rising vote F'N ~
Colonel Powers moved a continuance NJ
the committee on internal reyenua taxs
uon II was referred.
New Orleans and Memphis oxtendod 4,
Nla'ions for the next convention
Inc place OF meeting will be chosen hv
me executive council at a meeting I'm New
YORK next April. - ~"
Adjourned sine die