Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1903-07-29

IS, WEDN ESDAYs JULY
it do today2" but the future should
be considered. The. deficit of pros
porous years has been very marked
and seems to be in measure indie
pendent of years of panic, a contrast
shown in the panic years of 1898 and
1896 formed with those following,
during which the prosperity has been
unprecedented.
Gov. CummIns Talks.
| Gov. Albert b. Cummins, of Iowa.
voiced himself in a significant man
ner by announcing that he was not
"stan6patter" in anything and de-
nounced the 'let well enough alone"
spirit of certain elements in the legis-
lative bodies of the nation. He refer.
red to the ''leaky-roof' financial sys.
tenn of the nation and said that legis-
lation was imperative along such
lines. Times of prosperity were pro-
ductive of problems and the past six
years had thus brought more to light
| than the disastrous years preceding.
| He characterized the financial system
of 1862 as illogical in this day of al
| tered conditions. He stated he had
views as to what the change should
be. but added that the time was not
suitable one for their Infringement
| When he commenced his address it
was already noon and he was thus
| forced to turn somewhat from his
| topic of the "ConserVatiSm of Pros
perity" humorously stating that he
would not ''be immortal by being eter-
nal
Council Organizes.
The executive council held Il short
session this morning and elected T. j.
Catlin, of Ottawa. chairman. Frank
p. Judson, of Chicago, secretary, and
| H. c. Hamilton, of Girard. treasurer.
The organization of the council was
completed and minor business matters
of routine nature looked into.
New Officers Chosen.
The full list of officers and com
mittees as chosen yesterday after
noon are as follows:
| Decentralization George, Aurora.
First Vice President-E. ID. Dur
ham, Onarga.
Secretary-F. =. Judson, Chicago.
| Treasurer-H c. Hamilton, Girard.
| Executive Council -- Thomas Catlin,
Ottawa; NJ w. Busey. Urbana; Hor-
ace Russell, Milford; c. II. Greene, Tai
lula; ~ b. Hoblit, Bloomington;
Richard Wangelin, Belleville; August
Blum, Chicago; f. H. Wample, Waiver
ly; j. 5. Aisthorpe, Cairo; f. G. Allen,
Moline.
Honorary Vice Presidents -
Judge Harry Higbee, Pittsfeld;
IT, G. Wilson. Chicago; b. Il.
Hieronymus, Springfield; w. T.
Robertson. Rockford; j. IL. Miller,
McLeansboro; O. F. Berry, Carthage;
D. 5. Myers, Pontiac; y. b. Daab, East
st. Louis; j. ID. Phillips, Green Val
ley; {. :. Castle. Chicago; w. Ii. Til
den, Chicago; William Mccormick,
Emden; ID. \. Moulton. Chicago; IL. +.
Casteel. Rock ISLANDS; IL. NJ. Warner,
Centralia; +. j. Parker, Quincy: ). II.
Rule, Petersburg; J. +. Qugg. Miner;
+. A. Cole, Peoria; j. w. Simonson,
Port Byron; L. \. Smith, Morrison.
| Private Bankers Committee-Tu
Young. Cisna Park; S3B Drake, I.oy-
| ington: w 5. Rcarick. Ashland; Phil
! Decker, Murphysboro;. j. c. Essen
mayer, Lebanon.
Federal Legislation Committee-E.
]. Parker. Quincy; Phil Mitchell, Rock
Island; r. b. CatIin. Ottawa; J. s.
Aisthorpc. Cairo; August Blum, Chi
cage.
Delegates to American Bankers As
sociation-J. l.. Hamilton. Hopes
ton; George w. Reynolds, Chicago;
Andrew Russell. Jacksonville; William
u.
Chicago: W. L. Cunningham, Danville;
II. o. Austin, Chicago; :. Il. Montgom-
cry, Quincy; c. 5. Castle, Chicago; l..
a. Goddard. Chicago; W. II. Green
baum. Pontiac; Phil Mitchell, Rock
Island; L. f. Crabtree. Jacksonville;
f. f. Blossom, Peoria; &. f. Orde,
Chicago; w. L. Stone, Peoria.
Short Addresses Made.
Brief addresses were made before
the Illinois bankers in session at the
Illinois theatre yesterday afternoon
by members from various parts of the
state and all reported conditions that
are in the main encouraging. August
Blum. of Chicago, member of the Chi
cago Bankers club, and c. \. Fowler.
of New Jersey, chairman of the house
committee on banking, spoke briefly
on an asset currency, favoring the
same in accordance with the views
advanced by Mr.. Fowler for some
time and which the Chicago bankers
have taken up and are now endeavor-
ing to further among the associations
of the different states.
The excursion yesterday afternoon
and last evening was attended by
about 700 bankers of the two states
and their ladies, and the J. s. went as
far as Muscatine. returning about II
i'll the evening. Though the evening
was rather stormy in the early part,