Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-10-11
rwoTHOUSANO MEMBERS THERE
CHANGE IN BANKING LAWS NEEDED


Growing.
Washington, oct 1.-THE thirty-tirst
,.opl convention Of the American
p,oktr. association was opened IN the
rsU National Theater here today with
more than g,Ooo members present Wei
coming addresses were made By John
I,y E5son president of the local bank
~, association, and Commissioner Mac
r,rsnd Of the district government.
The bankers appmuded the mention
,,pres.dent Rooseyclt's name as sign-
wing civic honesty
Responding to the welcome Presi-
dent 2. T. svinuey Of the association,
os,ined the "knys of the city on be-
half Of his brother bankers, to keep
their POPULATIONS inyiolate should things
D, missing after lhcy had gone,
PRIEST SWEENEY'S ADDRESS.
We have cause to congratulate our
selves upon the abundant evidence that
a.. ,o,t v.or has bean I'm tbe main
marked by prosperity in al lines Of
business and comparatively few bank
failures have occurred. All such per-
has have however. produced feeling
Of over.confdence and lead TO tho form.
me of unsound Industrial enterprises.
Tbe few bank failures of the past wear
a-s mostly traceable 70 excess loans
made 10 such euterurlses of their pro-
noters Tho present statutory pro-
Visions Of the national banking act
limiting loans TO any one Individual.
nm M corporation To NJ nor cent Of
NE eapnsl STOCK OF the lending bank
sem 10 be nadcauate.
vould recommend change ir thef
h5slpg jaws parmitting bnnkg 10 loan
opo.tepth If their rombined CAN'T, and
wrplps Ia mo indlyidu3l firm ar ror.
prallon and provlde mitgblp pennItles
tr any hank Violating tha law Al line
,,me limo vould recommend O,at
,pv hnas nassed IN sinnhtg Ina ranort.
I'd IN tbs roniprollar Of the currency
and Ma M, tbars,ftcr olloVad 70 he In
spr vs,. in,n.ir,d under tho ea,,a r,o-
alias o15 rnnlitiors ae NON, nrngcribod
M, .mr9irrent NJ cariteI stock ,rhose
o~sn5,,'nts rSo,,ld tnn4 - ro,,o,.o th,
,ocorti'. w. o,a.".' t,.',,s o,,d nI., 80
,3o Isrror loo,,i,,,, o u,. g.
Na h',tr e,,,,n',' ,,ii,t H.,
,.. , 1s.,. ,I,p'' !"
,rpro.,oS ,, ""I', 100, ..,,, pU,u ne
NJ. In tho not Snfron INC, on, 80 80
sy,,s ng,o ~ M Ui III A.
r'nn,s -" ,,.',,,,,.'D IN a,%, 'l'4 ~. ~,
nrse !. ', ,t,o,., "", ~ ute HatH
erso ',, V "s ,,D'y ~ .''a, III
bVs h,an u''t s',, W. "u''N i"i,ui'' 49,
Wa vor,ti .. ''uut '''iS' t ,"1,d dsn'CS
N, ba.t s,. ,,,, 49,, i,'S' s,,,.I,.
Without any s,omris,. iV''i I'm u ea'Cmtti
o.,ravo s",,,,l,,. ,E i,i' o'' W 4.
sb,oir,,,r pl','u W w
d ,grant s,G W.. ,l'.gss' ms ~ Il,oa
LAM IN sac XIX, 40 III
il Il tho sss,,, w. ,,,.,'..', i,
MS ws,tn, 1igroo 49, so Nv" 80
dtmental con.",,, 10y ', a.,
a,e tho choso,, a,,,,1i'' H. "'' t,.,,.t
fund II orore 1iIn a., aon, -, - 80
rsrleatlop an5 f,,.,,j IA .' ~ w. 49,, r'
~ upon lagit;r,at, ha oin ~ - ~ hr,,iI
urgs Congr',g W. a" "'ii'>,i'5' 9"oT ItG
these abuse. h,. ~, ~. o"ttS u" W.,
fsonios oit, 49,, uI,,ms W, u. -
allies ana ,.l 0NtL'viig puIn9 Gnu Pgn-
cstlon ana ,l,. o a', W t''io n"9u
ton 10 tata ,tis 49, u' ig Ih3o'la
stecflvo 60. ,o ,''",,rl p3lolu 'ucIl re
nj protectIU, sl''a'uIeS SO Az 10 co!h-
stic.al Integrity and a proper sense Of
rWWl On the ever'present ques-