The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-10-24
SAVANNAH BANKERS.
Continued from First Page.


our manufactures by reason of the skill
and energy of American labor and the
methods devised by American genius.
we run electric roads beside the Pyra-
mids; We furnish harvesters for Rus
sla; we build bridges in the Soudan
ana in Burmah; send locomotives to
iarthest Manchuria. help Germany to
load coal, sell shoes to Austria, scatter
sewing-machines everywhere, and our
watches keep time on the Danube, the
Nile and the Orinoco. Our high wages
nave not yet checked our invasion of
the markets of Europe and Asia. In
creaslng Zone consumption affects to
some degree the exports of our mer-
chandise, for we ship only what our
own people do not use, but the more
we make the more we shall sell.
upon the marvellous golden inflow,
American mechanism moves in trf-
umph. Our agriculture is still domi-
nant in our wheat and meats and fruit
ana cotton. The remarkable growth is
in our manufactures, now constituting
nearly third of our exports, predic-
tons and rock-ribbed are our material
and financial conditions. Predictions
can prudently be based upon them. But
the minds of men are a shoreless and
charities sea, and no one can tell when
or why pallid fear may brood horribly
upon its waves. The nerves of the
multitudes are a vast electric system
which some accident may start into
sparks or even flame and shock and
far-reaching utterances. Into this
mystic region our theme does not lead
us, even If we had the courage to enter
there. We have been studying what
can be weighed and measured, a stream
whose course and force can be quite
clearly mapped"
Election of Officers.
The Committee on Nominations made
the following report:
For President-F. c. Bigelow of Mil
waukee, Wis.
For Vice President-E. F. Swinney
of Kansas City, Mo.
Executive Committee-J. D. Powers,
Kentucky; ]. r. Mitchell, Minnesota;
], x. Wilson, California; ]. B. Finley;
Pennsylvania; Stephen NJ. Griswold,
New York; H. R. Dennis, South Da-
kota; w. K. Coffin, Wisconsin: Mills
B. Lane, Georgia. William Livingston,
Michigan; Charles Sawyer. Kansas.
A report was presented from the Elk
ecutive Council, which was adopted, on
the report made by the Committee on
Uniform Currency, read earlier in the
session. The Council, through Corne-
Illus Pugsley. said:
There is no doubt that our system
can be improved, but l do not believe
it will be revolutionized. 1t is essen
tial that its volume should rise and fall
with the varying tides of business and
commerce"
He represented these resolutions:
Resolved, that the report of the
Currency Committee appointed under a
resolution passed at the last national
convention M tho American RaOIxarS,
Association. held at New Orleans. be
adopted, and that the president of this
association appoint a committee of
three for the purpose of urging legisla-
ton along the lines recommended in
this report"
The prize winners for the year for
the best essays on banking problems
were reported to be F. NJ. Farwell of
New York city, $500; Chauncey Thomas
of Denver, $500: Richard w. Merry
ston, of New York city, 5000.
Vice presidents were reported, includ-
ing the following: Alabama, w. H.
Manley, Birmingham; Florida, ]. T.
DismuEes, ST. Augustine; Georgia,
John NJ. Hogan, Savannah North Car
DINA, j. Elwood Cox High Point;
South Carolina, F. i. Ficken, Charles
ton; Virginia, K. B. Fishburne, Roa-
nolze.
The report was adopted and the
newly elected officers installed. After
the retiring president, Mr. Caldwell
Hardy, had been presented with a
beautiful silver bowl, the convention
adjourned.
Invitations to hold the next conven-
ton were extended by Atlantic City
and the bankers of New York city. The
convention city will be selected by the
Executive Committee next spring.