Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-09-26
BANKERS HOME AGAIN
DELIGHTFUL TRIP COMBINING
BUSINESS WITH PLEASURE.
Addresses by Government Officials
Features of the Outing
The Points Visited.

The members of the Bankers Association
of the District who have been attending
joint meeting with the Maryland Bankers
Association returned this morning. Inc
steamboat which the entire party had
embarked Thursday afternoon reached Its
wharf at the foot of 7th STREET practically on
schedule time. AS soon as landing was
made the gentlemen of the party hurried
off, those living in Baltimore and places In
Maryland going to the depot to catch
train for home.
All were in good spirits and declared
with unanimity that left no DOUBT
of its genuineness that they had had de-
lightful time. The Marylanders were es-
pecia1ly enthusiastic, and assured the wash
it was the most successful affair of the sort
they had ever attended. There were no
mishaps during the entire absence. and the
program of events was fuller and more en-
Pertaining than even the coPmittee had an
ticipated, owing mainly to the desire on
the part of the officials of the navy YARD at
Norfolk and at the army post at fortress
Monroe to show honor to the Secretary OF
the Treasury, who was the guest or the
Bankers Association. Every facility was
extended to the Secretary and his party, as
1t came to be termed. to see everything, IN
Guiding the shipbuilding plants at Newport
News, and so the entire time spent ashore
was full of interesting happenings.
Whether on the water or on land the
process of becoming acquainted went on
and one of the best results OF the exPedl-
ton was that the District and Maryland
bankers are better known to each other
than ever they were.
The social phase Of the affair proved to
be the most important. and the COMMITTEES s
for that was one Of the purposes in arrang-
ing the joint meeting.
Secretary Shaw's Prominence.
Secretary Shaw proved to be an important
member of the party, and this was due not
alone to his official position, but. to the
happy faculty he has OF contributing 10
the pleasure and entertainment OF others
He was. of course, down for speech.
and he made one which was, like all OF his
utterances since uncertainty has peen
manifest IN the financial world, full OF
hopefulness for the future He assured his
hearers that he would continue his policy
in the effort to arrest danger OF money
disturbance by all the means in his power
as Secretary Of the Treasury.
1t is his belief. he said, that there will be
no money famine and that with the pros
pereus condition of the country the restora-
ton of entire confidence Is inevitable. AS
an Illustration Of his practical ideas on
banking he told his audience that the bank
reserves of % per cent Of the deposits In
the case Of city banks were intended to
meet emergencies, and that II the need
came for money and the banks trenched on
these reserves no doubt they would receive
a warning from the controller of the cur
rency. AS Secretary of the Treasury, how
ever. he said, he would not be in haste to
act upon a recommendation to place such
banks In the hands Of receivers for such an
offenSe.
The Secretary's remarks were cheerful in
tone as we'll as in logic. and were received
with hearty demonstrations of approval.
Other Addresses.
The remarks Of Mr.. Ridgely. the con-
troller of the treasury. and Mr.. Roberts,
the treasurer of the United States, were fol-
lowed with much interest. and proved to
be profitable to the audience Of financiers-
The dinner at Old Point Comfort last
evening was much enjoyed. characteristic
feature was the menu, which was in the
form of a certificate of stock and had the
familiar green border