New-York tribune., 1903-01-01
TOPICS OF SCIENTISTS.
Carroll ID. Tright May Be President
of american Association.

~.
the next president of the American Association for
the Advancement OF Science. A movement to this
end has been started. particularly in the section
sccisl and economic science. of which Mr.. Wright
member. The election takes place tomorrow
esening. Mr.. wrights prominence as head of the
governments Labor Bureau and his recent selec-
ton by President Roosevelt as member and re-
cor6er OF the Anthracite Coal Strike Commission
leads many of the scientists to consider him the
logical for their president.
To-daS's proceedings OF the association consisted
almost entirely of meetings of the various sections.
the general session being devoted to routine bust
T,ess The chief interest centred in the social and
economic science section ". w Rockhill director
CT the Bureau of American Republics discussed the
workings of that bureau and the Pan-Americsn
Union Colonel Clarence r. Edwards. chief Of the
Bureau Of InsuIar Affairs Of the War Department,
reviewed the work Of administration of Territorial
acquisitions. Representative Burton of Ohio. de-
sne6 the relation between exports and imports
either addresses were made by Frederick Emory
chief Of the Bureau OF Foreign Commerce in the
state Department the consular service and for
egn trade; o. P Austin. chief of the Treasury
Bureau of Statistics. on Tropical Development a
Necessity Of World Progress: Assistant Secretary
.siles on the economic operations Of the Treasury
Department United States Treasurer Roberts on
The effects Of The inflow OF gold. and George E.
Roberts. Director of the Mint on monetary reform
THE CONSULAR SERVICE.
Nfr Emory. in his paper on the consular service
and foreign trade said that in these days of sharp
oompefition among the great producing nations the
business capacity and zeal Of the consul in collect
iaE information are found to be not only essential
l,ut often a determining factor in the growth Of
commerce. He coutended that the United States
consular service has been found superior 10 those
Of other powers a trade agency, for the reason
that the persons selected consular officers, being
average Americans, rule have had more OF
business aptitude than any other quality. and nave
seldom been deferred by social considerations from
giving their attention 10 trade. Frequent com
rlaint has been made of in Great Britain that
the English consular service has become largely a
caste or polite profession. instead of being what
urgently requred-an active VIDE
awake corps fer the collection Of commercial IN
relligence. Il is precisely in this branch OF work
ne said that the United States consular officers
have shown themselves to be particularly alert
and efficient.
TREASURY OPERATIONS.
Assistant Secretary Allies, in his paper on the
operation Of the Treasury Department. said that
for more than half century it had been the estab-
lishfd policy Of the government TO relieve the
money centres when the locking up Of funds in
the Treasury caused stringency. Speaking Of what
The Treasury had done recently he said;
Within the last few months The Secretary Of the
stimulating national banks to take out some s...
co0oO9 additional circulation he a!so cEeas b r s
rernitted to hold by s24 oslo0 BY anticipating the
snt Of interest 3 GR 8 aee pnSe more With profit
of over $4,000 TO the Treasury and hnaiiy nall Tb when
I,afe3 he anticipated portion OF the public debt
s9s on ca Bv the time the crop moving season was
over the amount Of cash actually locked up @ IN d Is
Treasury had been reduced by nearly sSOOo' @ I ata
there lf in the vaults nd n4nccs oRx have nave
established fair working balance
TIE INFLOW OF GOLD.
Treasurer Roberts in his paper Effects Of the
Inflow Of Gold,' said in part:
The stock Of gold the United States shows a for
% fS1T the esgS @ ap al anls s ock f ed in this county
is greater than anywhere else except IN
sfstes snG soStd holds ials1 and gained in
I'VE years while all the oiIlead aod 3efk os l ss7 iO2
The inflow of gold has since July l. 1887. added an
He4es lies Gs possbie peril Imitation currency
tnces to dangerous OF % Eod shall 0e be
stopped: bur cannot paper currency be reduced in
1anoe 1S snd wages have followed after
Has initiation Of currency or prices ana WAGES gone
80 far to check our exports IN agTlcnlIure g
Prices and quality control experts G Of anu
In the first ten months 81 tn Inv in '" enT sa ike perod
eScept 1900 ard they were S2.e3 per cent of our
szares i@aaI es0TTrf They me ust ' be aveded
symbol of prosperity. but its stout oefehce-
BANK NOTE ISSUES =
The address of GEORGE E Roberts. Director of the
Mini. was devoted largely 10 bank note issues He
said in part:
The objector to note issues without special ia
t6es t6ar note redempton depends solely or pTma-
.rlIy upon the gold reserve in the hanks
The rroposition to issue notes on bank assets
mas mart Of the development of the Clearing House
idea Continuing, he said:
So long as a bank confines its note isues to the
se-Vice of its regular daily legitimate trade, to
the ordinary accommodation 10 farmers
manufacturers and merchants in their business,
there would be important balances against II al
the Clearing House, because the legitimate trade
~ t+e country offsets itself But as soon as a
hank begins greedy push its circulation py
unusual methods unusual credits, adverse pal
arces a. the Clearing House would begin 10 aIt-
rea- and its gold to dw1ndle. so long as
1arE does only the business that a bank ought
10 do redemption would be no problem at all
mt the moment II departed from that policy 1t
vould have to suffer and settle at every misstep
An interesting paper. read by Professor '" j.
McGee gave an explanation of the work OF the
International Archaeological and Ethnological Com
mission.
Tonight the Geological Society Of America gave
as annual dinner at the New Willard, and the So
.ietv Of Naturalists had annual dinner at Car
rcll Hall
The american Physical Society to-day elected the
following officers for 1903: President. Arthur q.
webster. Of Worcester. Mass; rice-president. Ehu
Thomson: secretary. Ernest Merritt of Ithaca.
council William r Magic. of Princeton, n J.. and
= H Hall. OF Cambridge, Mass
The American Society Of Naturalists elected the
following officers for the ensuing year: President
sen of Baltimore: executive committee, ]. Nick.
Catfen. Of New-Y York. and E II. Sedgwfck, of Bos-