The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-10-18
'CURR tNCY REFORM
Is, Put OFF A DAY.
Bankers Forced to Vacate Thea
ter Postpone Important
Discussion.

S st. Louis, Oct. 1S-F'orced to Vacate
Che ,theater II which the convention is
being held che American Bankers, as
discussion of 1tElastic Currency and
Currency Reform A motion to make
this question special order of business
for 10 am tomorrow, was carried.
Charles j. Haden Of Atlanta, Ga, de.
Hvered GA Plea for the Cotton Fields,
and the convention adjourned.
The report OF the clearing mouse con On
ference committee. made today, !, set
forth that unquestionably the evil OF
country checks and par points is and
has been for some years one OF the most
important subjects which the banks
have had to consider. ,e.~. ~ o..
H Want Clearing House Section. "a,
The report stated that efforts are be-
inc made by the clearing houses OF the
country to eradicate the evil, but tnas
many of the clearing houses have poor
systems Of rules looking toward the ac-
complishment of this result. The com
mittee recommended an amendment to
The bylaws Of the association providing
clearing house section, with represen-
tation on the executive council Such
section would then be in POSITION 10
The REPORT Of the bill Of lading COM
mittee dealt with the methods Of han,
sailed attention to the Importance Of
legislative regulation. National legis-
Iation concerning domestic bills OF lad
ing would vastly benefit interstate COM
merce. M
there be presented to congress IN De-
cember amendments to the rate bill, to
follow the existing bill Of ladlng
for bills Of lading when issued in nego'
table form, and also define the rights
and liabilities of the parties thereto to
the extent necessary to safeguard the
reasonable rights Of those advancing
value upon such documents with due
regard to the nature of the business
and the relation, rights and duties OF
the carrier.
= A resolution was adopted that every
banker be urged to use his best efforts
20 secure the adoption by. congress OF
the committee s recommendation.
Mr.. Yeigiro Ono, superintendent Of
agencies, Bank of Japan, was intro
d1ced, and addressed the convention OF
the topic "some Financial Aspects o:
the Late War;
= The amendment to the constitution
presented by William George, presiden
Of the Second National bank Of Auro
ra, Ill, which threatened to become
bone Of contention yesterday, wa
unanimously referred back to the sam
special committee which has the mat
ter in charge for report at the, mex
annual convention. The amendmen
provides for limitation Of membership
to the executive council. :.
The delegates who had been wait
ing for the currency-refOrm question t
be brought up for discussion and az
ton protested when President: Hamilto
announced that the theater would hav
to be vacated owing to the management
desiring to prepare for the afternoo
matinee performance postponed frol
yesterday. r.
A motion that the question of GU
{ rency be made the special order 6
business for 10 'clock tomorrow n1or1
ing was carried. Charles j. Haden c
Atlanta, Ca, an attorney, delivered a
address on the topic, "a Plea for til
Cotton Fields ...-
Mrs. I. A. Bachelor Of Fingal,
Sd, occupied prominent position Q
the stage, being the only woman s
honored, because she s the only woma
bank president attending the CONVEX
ton. She is of the First Nation
Bank of Fingal and her husband, G.
Batchellor, is cashier in her bank.
After listening to reports all ds
the regular business was suspended la
in the day and the convention was a
dressed by Charles N. Fowler, chairms
Of the committee On banking and Gu
rency in the house of representative
and Comptroller Of the Currency Ridg
lew