Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1905-10-20
(From our regular correspondent.)
WASHINGTON, ID. c., Oct. IL


WASHINGTON, ID. c., Oct. IL.
A convention is being held in Wash
ington this week in which the banking
operations OF the entire country aud
the investment and savings Of all the
people as opposed to speculation and
stocks are represented. This is the
Bankers Annual Convention, which
is held this year in the nations CAPT.
tai. Three thousand bankers are in
attendance and the banking interests
Of every part OF the United States have
representatives here. The entertain.
ment of this large body of important
and influential citizens of the United
States has been in keeping with the
character of the assembly and it is
expected that their deliberations will
gain in influence from the personal
contact with the executive Offices in
control Of national banks and the
officials in control of the national
currency that the delegates will have.
The legislators upon whom the coun.
try depends for banking laws will be
represented and take part in the
discussion OF measures providing for o
more elastic currency. and other pro.
visions for the greater safety and wiser
investment OF the funds OF the people.
The President will formally receive
the delegates and he will be consulted
on the policy of an amendment to the
National Banking law authorizing the
loaning OF money on real estate to the
extent of 20 per cent. OF the capital
stock and also on Congressional lcgis-
lation touching the interests Of the
banks.
Secretary Shaw's message to the
bankers is published in the souvenir
volume which is presented to each of
tina bankers. 1t is called "The Public
Credit" and contains . frank state
ment which rather astonished q num-
Der OF the recipients. He says: 1.-THE
American banker is not always as con-
sentative a. one would wish; the desire
for big dividends is altogether too
potent with many boards OF directors.
1t is unfortunate that in an autumn
which has been unusually fine the
weather should have been selected this
week for making itself most disagree.
able. Following Q day of heat, rain
has set in that will interfere to an ex-
tent 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 theater parties and
White House reception will not be in
teriered with by the weather and may
prove ample relaxation after the ser.
ious discussions which will occupy the
sessions. A banquet at the New Viii.
lard Hotel was given Tuesday night.
The tables were in the shape of the
dollar mark, presumably to keep the
banker from feeling homesick or posi-
bly, as hint of what the affair cost.
The menu was printed on 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.
Perhaps with the idea Of getting his
hand in before the coming session 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 Presi-
dent has tackled about as hard a job
as he will have in the Senate and the
betting on both is about even. In his
war on "dirty" football he has the
sustaining counsel and support OF Sec
retaries Root and Taft. The former
was present at the luncheon given to
the coaches and athletic advisers Of
the different universities at the White
House Tuesday and approved the
speech Of the President denouncing