The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-11-12

Oul pEOBiN hiAOVN llluEpNAihNAA AADA-AN
bank and banker. II IS too radical
change for the bank, the banker and
the customer to introduce at this late
day l do not think il would be wise
to make such change now If 1t could
be. done. l most emphatically believe
it will not and cannot be done. The
majority of bankers, the majority of
the people are against it. and they VIII
see that the majority of Congress are
against it.
John Johnson, vice president of the
Marine National Bank of Milwaukee,
spoke on The Scottish Banking Sys-
tenn
Joseph G. Brown, president of the
Citizens NationaT Bank Of Raleigh, n.
c., spoke eloqdently on The New
South"
The New south.
The following are extracts from the
address of Mr.. Joseph G. Brown of
Raleigh. n. c., who spoke about The
New South
have said that there is no new
south. True, the old south of slavery
has passed away and the south of
freedom has taken its place. The
south of 1860 strove to defend what
she conceived to be her rights. But
the south of this twentieth century,
the renewed south, if you please, real
ICES that it was a blessing in disguise
that took away her dependence on the
slave and the farm and gave her self
reliance and the diversified Industries
that are to-day blessing her people
with plenty and prosperity.
There is another matter which fas
been misunderstood, and perhaps
ought not to be omitted. Another war
is being Waged. Another Declaration
of Independence has been proclaimed.
and is being defended. 1t is the eman-
cipation of the white man. When the
great Lincoln issued, his proclamation
of freedom the world applauded. The
most intense Southerner to-day re-
joices that the negroes freedom was
accomplished. But scarcely any well
informed person is found now who
does not recognize that an egregious
mistake was made when, through the
ballot, the balance of political power
was placed in the hands of a mass Of
ignorant people without the least con-
ception of the meaning of government.
After the conclusion of Mr.. Browns
address the convention adjourned until
tomorrow.
The Nominating Committee, composed
of delegates from each state, has fixed
upon the following officers:
President, Caldwell Hardy, of Nor
folk
First Vice President-F S. Bigelow
of Milwaukee.
Members of the Executive Council
named by the state associations:
c. L. Farrell, assistant cashier of
the Capitol National Bank of Indian
apolis; A. H. Virgins, vice pres
ident of the Park National
aBnks of New York: A. A.
Crane, cashier of the National bank of
Commerce of Minneapolis; Luther
Drake, cashier of the Merchants Ma
tional Bank of Omaha: A. V. Lane,
cashier of the National Exchange
Bank, Dallas
Members of the Executive Council
at large: James T. Hayden, president
of the Whitney National Bank of New
Orleans; John Shelton Williams, pres
ident of the Richmond Trust Company,
Richmond, Va; Arthur Reynolds,
president of the Des Moines National
Bank of Des Moines, Ia: David Sloan,
Homecoming, Md: William T. Fenton,
vice president of the National Bank of
the Republic, Chicago.
Tonight an informal reception was
rendered the visitors in the palm gar
den of the st. Charles Hotel.
The asset currency and branch
banking questions win be taken up to-
morrow. A resolution has been sub
mitted by A. ]. Frame of Milwaukee
opposing both projects, which has al
ready met the approval of majority
of the delegates. Congressman Fow%
Ter, chairman of the Banking and Cur
rency Committee of the House, will
argue in favor of them and explain
the purposes of his currency bill.
The two leading candidates for the
next convention are Seattle and San
Francisco. The place of meeting is Sc
lected by the Executive Council.
The trust section. of the American
Bankers Association met this after
noon and heard reports of the officers
and several addresses.
Clark Williams, treasurer of the
United States Mortgage and Trust
Company of New York, spoke on more
Adequate Protection of Municipal
Bonds through the Certification of
Trust Companies"
w. o. Kittredge of New York spoke
on The Investigation and Audit of the
Accounts of a Trust Company"
John E. Borne. president of the Co
lonial Trust Company OF New York,
was elected chairman of the section,
and Breckenridge Jones. first vice pres
ident of the Mississippi Valley Trust
Company of St. Louis vice chairman.
The following new members of the Ex-
ecutive Committee were named:
H. ]. Wells of Providence, r. l.;
Albert j. Enright of St. Joseph, Mo:
S. w. Haserat of Cleveland, o., and
John Shelton Williams of Richmond,
Va.
The savings banks section was or
ganized this afternoon with the follow
officers; Chairman, Myron T. Herrick
of Cleveland, o.; vice charm
MacMahon of New York; secretary,
William Hanhart of New York.
Nf
year, A. c. Tuttle of Connecticut: G.
w. Laycock of Pennsylvania: E. J.
Parker of Illinois. Two-year, G. A.
Elaffer of New Orleans; Lynn H Din
kins of Gretna, La; w. S. Payne of
New York.
Three years: H. C. Shaffer of Penn
sylvania; c. NJ. Preston of Tennessee
ard George B. Lattirner of New York