Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-11-14
Call of the States at Bankers
Convention Showed Nation
is Prosperous
FEW DIscouRAeINe CONDITIONS
Delegates to the Convention All Report
Prosperous State of Affairs in Their
Respective Sections-A Word of eau
ton From the Older Delesates-A
Very Successful Convention.

New Orleans, Nov. 14.-f testimony
were needed to convince anyone of the
prosperous condition of the business in
terests of the country in general 1t was
furnished in abundance in the call OF
the states" at the final session of the
American bankers convention. Reports
were received from nearly every state
in the union, and they We're uniformly
good Some were brilliant rehearsals
of business and financial achievements,
and there was not hard luck story in
the lot.
The nearest approach to it came from
the delegate from South Carolina, and
even he was able to report that the
business people of his state had been
able to pay their debts. Some OF the
older delegates, however, did not omit
to add a word of caution and warn their
fellow bankers not to be carried away
by a condition that may not last as long
as present signs would indicate.
In many respects it has been the most
successful ever held. The discussion has
been broader and of greater education
al value to the bankers than ever be-
fore.
ut was but a few years ago., SAID
President eIect Hardy, that we were
afraid to discuss even among ourselves
the advisability of adopting a single
gold standard in this country. The con-
di.ions have changed since then. We
RI -
cial measures of all kinds among our
selves, but believe that the addresses
delivered before US in our natlonal
meetings are of greatest value 10 the
public all over the country In an edu-
cational way.
"This has been by far the best con-
yention the association ever held, sald
George F. Orde, the treasurer-eiect.
"The attendance has been gratifying
and the sneakers who have addressed
us have instructed us thoroughly on
the financial legislation, now under
discussion"
The election and installation of OFF,
GERS was one of the most agreeable Tea
lures of the closing session., AT SUD-
seauent meeting of the executive coun-
ell E. F. Swinney, president of the First
National Bank of Kansas City, was
elected chairman, which places him In
line for the vice presidency next year
and the presidency in 1904. Mr.. Bige-
low will undoubtedly succeed MI Har-
dy in the presidency next year. George
F.. Orde of Chicago was unanimously
elected treasurer, succeeding George M.
REYNOLDS. and James r. Branch was re-
elected secretary.
On retiring from the presidency My
ron r. Herrick was presented with a
handsome silver punch bowl by George
H Russell of Detroit on behalf of the
association.
The nearest the convention came to
any action concerning financial legisla-
ton was the adoption of the resolution
presented by Vice President Bigelow,
requesting the president of the assocl-
alton to appoint committee OF seven
eminent citizens of the United States
to form a plan of currency Legislation
and report to the convention OF 1903.
The claims of San Francisco, Seattle,
Los Angeles, Houston, Savannah, New
York and other cities desiring the con-
vention next year were presented by
the various representatives, all OF
whom bore cordial invitations. San
Francisco presented an invitation en-
graved on gold plate. In all proba-
bility it will secure the convention, as
the delegates here seem to be almost
unanimous in favor of going to the Pa
cffic coast in 1908. The decision rests
with the members of the executive
council several of whom have express
sed a preference for San Francisco.