Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1904-09-17
BANKERS, ESPECIALLY SOUTH.
ERNERs, SAY NATIONS CON.
DlTIoN is SPLENDID.
PANAMA CANAL ISAN AID
Financiers See Prospect for An In.
crease in Business When the 18th.
mian Waterway Is Put to Use
Westerner Talks of Panic Of 1898.

of officers was the principal event
scheduled for the closing session of
the American Bankers convention to-
day Addresses were delivered by w.
e. Schweppe of st. Louis, who spoke
on Credit Indemnity and It's Value to
Banks" and by Ellis H. Roberts treas
urer of the United States on THE
Strength and Weakness of American
Finance"
By the testimony of accredited ex-
perts all is well. commercially speak
ing throughout the United States. This
information was rendered by foremost
bankers of the nation, who rose in
their places at yesterday afternoons
session of the American Bankers as
sociation convention and gave five
minute talks concerning the brand of
prosperity prevailing in their sections
of the union.
The impressive thing about this
verbal symposium was the roseate
views taken by southerners.
southerners Are Optimistic.
| "The development Of our rail
roads. the output of our coal and
iron mines, the value of oul
minerals. the wonderful yield oi
our cotton fields. the products of oul
rlills and factories. the increasing
wealth of our banks the ever diminish
ing heritage of illiteracy among us,anG
the growth of our schools and colleges
give us the right to stand here today
not as prodigal returned, but as the
loving, loyal son." said Joseph G
Brown. president of the Citizens Ma
tional bank of Raleigh. N. @.
Hope In Canal.
"The future is radiant with hope,
he continued 'The building of thu
great canal, opening a shorter route
and great gateway to the teemin,
millions of the Orient. can but acceler
ate the already rapidly increasinl
commerce of our southern ports ant
stimulate trade in every line"
! Other bankers from the south wh'
reported in similar vein were A. v
Lane, vice president Of the Nationa
Exchange bank of Dallas, Texas; R.
Maddox. Atlanta, Ca. ]. Writ Randall
president of the Farmers Nationa
bank, Annapolis. Md, and Fisher J
Wade of st. Louis, who spoke for tn
great southwest. Joseph G. Hendrix
former president of the National Ban,
: of Commerce, New York, in CLOWN
phrases pictured the good times i
New York state and asserted tn
whole country was in healthy cond
ton financially.
Sees Aid in Panic.
The principal voice from the ives
was heard when w. G. Robinson, pres
ident of the First National bank {
. Winfield, Kans., eloquently spoke o
| "The Western Banker Some idea
, from this speech follow:
"The panic of 1893 was really
blessing in disguise;' it was the cleal
ing up storm; it was the culminatio
, of the storm period, and SO purifie
methods that better atmosphere ha
, been breathed since. The wester
banker during these years was the ia
get. His methods were criticised an
, his motives were often impugned. Ha
+ he not been a man with more than o
t binary faith in his undertakings,
would have despaired. He had, hoy
ever, faith in his ideas in himself,
MS pOSSlDlllIleS anu III llS CouAIly l
was developing. He worked on wit
indomitable courage until his hope
) ended in fruition.
"The western banker has alwa!
been right on economic questions. F
S did his full part in the great battles
2 1896 and 1900 when our money stan
|, ard was at stake. The western ban
Y er has always been a firm believer
the full value of the dollar, and th
6 the dollar of any stamp should
6 worth 100 cents. When the great fir,
n silver champion was looking for
n prominent banker for his service al
v cooperation he passed the westel
, banker and found his man in this gre
q city. For the 100 cent dollar the ives
4 ern banker has always talked al
G worked and voted. today, he stan,
j. right on the questions of brant
banks and asset currency"
Panic Panaceas.
A. J. Frame, president of the wa,
: kesha National bank. Waukesha, Wi
Z spoke at length on Panic Panaceas
r He argued that conservative lay
l. would help to minimize panics, al