The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1905-10-19
WASHINGTON.

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A Convention is being held in
Washington this week in which
the banking operations of the entire
country and the investment and
savings of all the people as opposed
TO speculation and stocks are repre-
seuted. This is the Bankers an
nual convention which is held this
wear in the Nations Capital. Three
thousand bankers are in attendance
and the banking interests of every
mart of the United States have !
representatives here. The enter
tainment OF this large body Of I'M
portant and influential citizens OF /
the United States has been III keep. |
ing with the character of the assem-
bly, and it is expected that their
deliberations will gain i'll influence
from the personal contact with the
executive Office in control of ma
tional banks and the officials in
control of the national currency
that the delegates will have. The
legislators upon whom the country
depends for banking laws will be
represented and take a part in the
discussion of measures providing
for a more elastic currency, and
other provisions ior the greater
safety and wiser investment of the
funds of the people. The President
will formally receive the delegation
and he will be consulted on the
policy of an amendment to the Ma
tional banking law authorizing the
loaning of money on real estate to
the extent of twenty per cent of the
capital stock and also on Congress
sional legislation touching the in
teiests of the banks.
Xxx
Secretary Shaw's message to the
bankers is published in the souvenir
volume which is presented to each
of the bankers 1t is called THE
Public Credit" and contains frank
statement which rather astonished
number of the recipients. He
says, "The American banker is not
always as conservative as one would
wish; the desire for big dividends
is altogether to potent with many
boards of directors"
XXX
1t is unfortunate that in an
autumn which has been unusually
fine the weather should have select
ed this week for making itself most
disagreeable. Following day of
heat rain has set in that will inter
fere to an extent with the trips to
Mount Vernon, Arlington and the
out of door cavalry drill which had
been arranged for the visitors. The
dinners and luncheons and suppers
and theatre parties and White House
reception will not be intertered with
by the weather and may prove
ample relaxation after the serious
discussions which will occupy the
sessions. A banquet at the New
Willard Hotel was given Tuesday
night. The tables were in the
shape of the dollar mark, presuma-
bly, to keep the banker from feeling
homesick or possibly as a hint OF
what the affair cost, The menu
was printed on a copy OF the first
food and irrigation bond and the
souvenirs were in the form OF an
exquisite silver coupon clipper
which every one present knew how
to handle.
Xxx
Perhaps with the idea of getting
his hand in before the coming ses-
sion of the Senate the President
has taken upon himself the task OF
reforming the game of foot ball.
According to President Eliot OF
Harvard the President has tackled
about as hard job as he will have
in the Senate and the betting on
both is about even. In his war or
dirty" foot ball he has the sus
tanning counsel and support oi
Secretaries Root and Taft. The
former was present at the luncheon
given to the coaches and athletic
advisers of the different universitie:
at the White House Tuesday ano
approved the speech OF the Presi
dent denouncing the brutality anc