The Washington times., 1905-10-11
Continued from First Page.)

IL, President Swinney emphasized ii.
and Messrs. Vanderlip and Ridgely gave
II strongest weight and expression.
Every speaker declared it was the
duty of the men actively engaged in the
conduct of the finances OF the country
to meet bravely this present menace to
the safety ard endurance of American
institutions and IN the management OF
their own business 10 raise the great
mass of American bankers above the
harming breath OF suspicion.
To restore public confidence by deserv-
ing it, the. convention seemed TO feel
and did declare its plain duty and mani
fest destiny
Standing and by a unanimous vote
the convention adopted a resolution In
troduced By Representative Pugsley of
New York. praising the President for his
work in assuring the successful consum-
nation OF the treaty Of Portsmouth. THE
resolutions were seconded by former
Governor Jennings. OF Florida, a cous-
In OF the late peerless leader" of the
Demccracy-the Hon William Jennings
Bryan
In support of his resolution, Mr.. Pugs-
ley said:
Mr President: An event of trans-
cendent importance, not only to human
ity but TO the commercial and financial
interests CT the world, has recently
rranspired in the little town Of Ports
mouth, N IL Through the Initiative OF
the PRESIDENT CT the United States,
tnroush his wise counselings and splen-
did efforts, an honorable peace has been
secured tc Russia and Japan-a peace
which means for these nations. for all
civilization. I believe a new era Of pros
perity and commercial advantage. and
new and STRONGER Incentive for the ma
uons to submit their grievances to ar
bitrattoa.
Il believe. Mr.. President. that when
man has wrought a great deed In
great way he IS deserving of great
credit. II seems eminently fitting. there
fore. that We should pause in our delib-
erations TO express our appreciation of
the magnificent work of President
Roosevelt IN the interests of peace
y. therefore. move. Mr. President
that the resolution am about to offer
be adopted
Mr.. Pugssey had scarcely taken his
seat and the applause with which his
resolution was received had not begun
to Gle away, before Mr. Jennings was
u desire to second the resolution" he
deciGred, and 70 suggest that we adopt
from the South where we have learned
TO love the President and to appreciate
70 the fun the magnificent work he
has done in furtherance of the peace of
the world. L could not sit silent on this
occasion
."It is eminently fitting that this reso-
lution should be adopted by this con-
vention. and l speak the sentiment of
my section when / say that no praise
can De too high for the man who
brought peace with honor TO Russia and
peace with justice TO Japan"
The invocation was delivered by the
Rev. Randolph H. McKin, rector of the
Church OF Epiphany.
John Joy Edison, president OF the
Bankers Association of the District of
Columbia welcomed the delegates and
their friends to the city on behalf of
the city's financial interests Among
other things. Mr.. Edison paid this
tribute to the bankers:
Bankers Deserve Trust.
while of late. unfortunately wrong
doing has been discovered 10 some ex-
tent in Federal, and to startling de-
gree in municipal, affairs, and Ia cor
porations in some lines of business, in
banking there has never been period
In our hustory, so far as 1 am aware
when fewer errors and less misconduct
have been committed, or more universal
confidence prevailed OF course this
statement is made, taking into full con-
sideration the vast increase in the
volume OF banking business, and. in the
great number of men engaged as Of
lutte trust"
on behalf of the Commissioners of
the District, welcome was extended
by the president Of the board, Henry
3. Z. Macfarland. In the beginning
Mr. Macfarland disclaimed all respon-
Eibiity for the operations of the
Weather Bureau. which he said was
solely under the control Of the nationa.
Government.
However" he said "the Weather
Bureau doubtless feels under obligation
TO furnish weather OF every description.
60 that every visitor may feel at home.
Tomorrow morning. / am prepared to
promise. there viii be gracious sun
rhine and smiling skies. TO gladden. the
hearts of those who come from favored
cllraes''
Mr. Macfarland's reference 10 the need
of restoring the old-fashioned com
cheers. and his final tribute to the
President brought forth a round Of en-
thusiastic applause.
The response to the address of welcome
was made by President Swinney, who
THANKED Mr.. Edison and Mr. Macfarland
for the cordial and gracious greeting.
Touched with humor and pleasing
Western satire, Mr. Swinney's informal
talk was one of the features of the
Mr. Swinney followed his informal
speech of thanks with the delivery Of his
formal address as president or the as
sociat.cY,. 1t was discussion of the
financial progress of the country during
the past year and included tributes 10
some of the men who have left their
Impress upon the financial history of the
nation.
Scored Bigelow.
In solemn but approving silence. the
convention received the president $
caustic and severe arraignment of
Frank 2 Bieeiow. the defaulting NIL
waukee bank president. who was oisce
president OF the association
Executive Council Report.
The report OF s. c. whitson. chairman
of the executive council. stated that at
the meeting of the executive council of
tre American Bankers Association yes
terday at the New Willard the election
OF n chairman 20 fill the place of Mr.
Whitson. retiring. was deferred until the