The daily morning journal and courier., 1905-10-13
AMERICAN BANKERS
 FOR SHIP SUBSIDIES
NATIONAL ASSOCIATION PUTS IT. SELF SOUARELF ON RECORD
 FOR THEM.

All the Weight of Its Influence PIedged
 -UpbuiIding of Merchant Marine the
 Object-ResOIutions MemOrialtzinS
 the Senate and House of Representa- tives Adopted-Afternoon Given uu
 to Looking at Sights of National
 Capital
 Washington, Oct. 12.-The American Association of Bankers to-day put H. self squarely on record as favortng government subsidies for the upbt,ildr ing of the American merchant marine Resolutions reviewing the growth of American commerce and the decline in American shipping, and pledgin9. tf,e association to throw the weight of its influence towards the enactment of a ship subsidy law were presented bv 4ha executive council of the association and adopted by a rising vote in which jt was estimated that threerquarterv Of the delegates took the affirmative side.
 Theesecond days session of the con- yention occupied three hours and was devoted to the transaction of such bus mess as was contained in the report of the executive council, besides addresses and discussions interesting and instrlIc- tive on various phases of banking.
 The report of the currency comnittee was received but no action taken there on. The report followed the sugges- tons made yesterday by Secretary Shaw in his address before the conven- fiNn for V an, ny.ernv, S11y. ,,,,,,,a,. ... mer Representative Pugsley of Peeks- kill, N. r., who submitted the report, expressed the opinion that congress would enact financial legislation if the bankers presented united demand for some specific measure. The report out lined several change sin the system which 1t ought to be advisable to make by legislation.
 The enthusiasm of the day was vent ed kon the ship subsidy proposition. Tho five enacting clauses of the resolution are as follows:
 Resolved, By the American Bank CTS association, assembled:
 'First, That the members of this as- sociation are deeply interested in any measure which will promote the inter- est of the whole country commercially and industrially and especially with reference to our foreign commerce.
 Second, That we favor and most re spectfully urge the passage by con- gress cs some measure to foster ana encourage the upbuflding of our nera chant marine and give us back tlle prestige ppon the high seas which We once enjoyed.
 Third, That we favor the ship sub- sidy measure, which has received con- sideration by congress, which, we think would tend to restore our flag upon the seas, and build up our mercnant marine to the extent that the necessities of our trade now and in the future may de- mand
 Fourth, That we recommend that our senators and congressman favor some just and equitable measure that will bring about the results and afford the relief above suggested.
 Fifth, That through our legislative committee we mermoraalize the senate and the house of representative Of the United States with a copy of these res olutions.''
 The afternoon was given up to sight seeing. Many of the bankers and the ladies accompanying them witnessed an exhibition drill of cavalry at Fort Myer. Others went to Arlington and Mount Vernon. Tn the evening they at tended the theaters: The convention will terminate with the session to-mor- row, the programme of which includes the discussion of practical banking questions, addresses. and the election and installation of officers