New-York tribune., 1906-10-19
BANKERS IN HOT TILT.
Festus J. Wqde Hants Er-Presi-
dents to stan on Erecutire Board.

s. Louis. Oct l&-Dscussion of the currency
question By the convention OF the American Bank
c. al the delegates is centralized to-day for
ond tine, was postponed, the report Of the bank
legislative committee, which would have precipi-
tated the discussion. being laid over until to-mor-
roW as special order Of business
Just before adjournment to-day brief but ar!-
mated contest was precipitated by Festus J. Wade.
president Of HE Mercantile Trust Company. Of St.
Louis pres.dent-elect Of the trust section who
protested against the action of the convention yes
lercay IN adopting an amendment prohibit
former presidents Of the association from taking
part L the deliberations of the executive council
This action was taken during my absence" said
~ Wade Had been here at the time I would
nave vigorously opposed such action BY this
action you have robbed some Of the brightest mem
bers O. this association of little honor that is due
them for their work II making il the powerful or
gsnizat1o- g IS to-day. At the meeting in 1896
nero was Southern rebel at the head OF this
ASSOCIATION, but he one OF the whose in
Lnelce helped place the association on record in
tavcr % tbs gold standard. He all
loved You have shorn him OF a little fulsome
honor BY the adoption OF this amendment he
can 70 longer serve as a member of the executive
council Where would the American Bankers
Association 70 today but for the work and influ
eace ot Colonel Bob" Lowrey. OF Atlanta; George
Russell, Walker Hill and Logan Murray? If you
want 70 deprive these men and the other twelve
sA-pTssdents ot this association of the honor that
Is cue 10 them, appeal you not TO do il in ST.
Louis Go somewhere else 10 do this odious, IN
ssAe:C1s aHG IN american act. am here as a
g -cu-s-an 70 protest against this slap II the
::s2s-.or the Old ex-presidents who have ouIlt up
LIS organization"
z T. Swiuney, Of Kansas City. an ex-presiden'
y lAe association. VINO fathered the amendHlent;
SO 7atn tnat ~aile he had great respect for Colonel
---s"fey a.c the other eX-pres.denls, ne old nor
se any necessity fo- retaining them for AIe on me
eAe-4Lve council Until toUr years ago, when tne
seAEe1toa met II Ne- Orleans, lie said, eX-presI-
1e.Is ciG Lot receive that pI4.lleee-
= MOTION 70 reconsider The vote on me amend
Hs-t Tas defeated by rising ote OF l42 TO -S9;,
&c. ne session to cay was br!ef consuming ntue
80. l~c .CUrs- Reports OF tst BIZ or laolng com
,-'tee ara the clearing house Cnte-ence commit
'9s We're received and adopted.
- &c e oo9veation was addressed by chsfles -,
.t-@cer, G; Atlanta. the topic "A FIed LOT
.-s Cotton Fields" and YeiJico. ono. superlntend-
80 oi agencies OF the Bank q japan on some
1tasrcia- Aspects Of the Late War VINO eX-
9.sissc re otlnio1 that the recent war came at
es right time.
Felowlrg 1fr Hade,'s address. q resolution IN
s.s2aucec - =. - Durham, Of orargA ~ wSS
sa1ptec, tneI tEe executive council oI Inc f7dIIA-
- Association appoint Z committee ~lth power 70
90 whose cuty Il shall be 70 gather evidence oh
-e breaking II The Interstate Commerce 1 laT pg
- e1press companies in doing banking pusItesS s
&c &c place ocfcre the Interstate CoItlhelce
sSoern-Esor. with the ayowea intention oL cciIt IL
Ss.-aE SAID express companies 70 discontinue me
Nsa-E-ng business. 80 ~
TIE convention then adjourned until tomorrow