Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-07-30
Joint Convention of Bankers
Adops Motion to Exchange
Yates For Cummins
A SLAP AT ILLINOIS EXECUTIVE
And a Compliment for Iowa's Brainy
Governor-Friends of Asset Curren
cy Claim Victory for Their Plan
Was Gained in the Convention-The
Closing Proceedings at Davenport.

Davenport, July 3o.-The Joint con-
vention of Illinois and Iowa bankers
adjourned at Davenport last evening
with the advocates of asset currency
claiming that important ground had
been gained in the Campaign Of edu-
cation"
The Chicago delegation, thru their
influence with country bankers, pre-
vented the Introduction of any resolu-
ton antagonistic to asset currency.
Although probably a large majority of
the country bankers favored a "hot"
anti-asset currency plank, yet they
were persuaded that in view of the di-
vision of sentiment the convention had
better not commit Itself for or against
asset currency.
In the appointment of committees to
cooperate with the Chicago Bankers
Club and Congressman Fowler in the
preparation of bill to reform the cur
rency system, the friends Of asset cur
rency secured just what they had hoped
for. Secretary Judd. of the Illinois as
ISOLATION, says that every man on the
Illinois committee and probably ma
jority of those on the Iowa committee
is favorable to asset currency. 1t Is
likely that either August Blum of the
First National bank of Chicago, whose
views on the currency question are
similar to those of President Forgans,
or E. j. Parker, of Quincy, who deliv
cred an earnest speech for asset cur
rency at the New Orleans national
convention last fall. will be the chair
man of this committee, which is to
assist in the framing of the now much
talked of Chicago plan for reforming
the currency system.
An amusing feature of the convention
was slap at Governor Yates, Of Ilii-
nois, and compliment to Governor
Cummins, of Iowa. Nearly every Ole
in the convention hall at Davenport
was particeps criminis to lese majesty
against Illinois governor. The Incl
dent took place just after Governor
Cummins, of Iowa, had delivered the
closing speech of the convention. This
speech caused great enthusiasm, so
that the motion to adjourn was not
heard. In the midst of the Grafton,
august BUM, OIL SHicdSO, apparently
thinking that the adjournment of the
convention would be unconstitutional,
said:
Il move that the state of Illinois and
the state of Iowa exchange governors"
The Illinois delegation began to cheer
wildly. and the cheering was still fur
Their increased when William George,
the newly elected president Of the Illi-
nois association, said: II wish to sec
ond this motion that Illinois exchange
governors with Iowa" AS the presi-
dent is a close friend of Senator Hop
kins, his seconding Of the motion for
Illinois to exchange Yates for Cummins
occasioned much surprise among the
delegates. The resolution for this ex-
change of governors was carried by
the Illionis delegates with whoop, the
Iowa delegates apparently not noticing
what was happening until 1t was too
late to protest.
After the demonstration was over
President George said to several pre-
sent: "The carrying Of that motion to
exchange governors was the most i'm
portant business we transacted"
The addresses by Congressman Fow-
Ter and by Governor Cummins We're the
two features of the closing session of
the convention.
Congressman Fowler in his speech
devoted attention to the recent remarks