New-York tribune., 1907-09-26
RAYKERS GET TO WORK.
FIGHT FOR THE COUNCIL.
German Speaker FaOors Great
Central Clearing House.
rHv Telegraph 70 The Tribune1

,sginck this morning, fFeSluell " "A H'1A'N7OA
-e7,ed the delegates 10 the American Bankers As
x,,is-for convention TO order and announced that
-. first session Of the three Gays meeting wouid
10 cpened with prayer by an Atlantic City clergy
-a- Il had been expected that the prayer woLIo
be followed by an address of welcome by the Gov
.-nor Of New Jersey. but he was held in Trenton
- o~ciaI duties and in his absence Harry BacIa-
-sch postmaster Of Atlantic City. welcomed the
delegation in a bright speech 10 which Presloent
NLitson responded
In his annual address the president referred TO
the growth Of the association. ascTihing the in
crease in membership from 1919 IN 1905 10 925l IN
1er largely TO the efforts Of the secretary ana
commended the work Of the officers and committees
of the association Touching upon the subject Of
TIE business prosperity Of the country, Ny " MI
soa suggested that prosperity might have grown
foo rapidly and that * might be the part Of Wis
dom and the duty Of his hearers q bankers TO be
guided by the old saying. In time Of peace prepare
for war
The reports Of the secretary and treasurer were
then submitted and following them the report o.
the executive council. the latter giving rise 70 a
discussion which consumed much time that the
hearing Of reports from other committees was post
poned ana TIE days programme thus abridged
was completed by the delivery OF the three ad-
dresses the programme The speakers were
Herr Moritz LeifTmana. Of Dusseldorf. Germany;
". S. wethaT. Of Georgia, and Governor Swanson
of Virginia.
sECRETARY's ANNUAL REPORT
The secretary James r Branch. in his annual
report called attention TO the fact that l30- new
members had Joined the association in the last
year Referring the work Of the protective com
r7ittee he said that n the year ended September
nnety-seven professional criminals had been ar
rested OF whom ninety-sx had received sentences
Of various lengths: tao hundred thousand letters
and reports explaining the recommendations OF the
Currency Commission issued through the sec
retarys Office last year a A Crane Of Mnneapo-
1s,-so ted
during the year Of S5l sos and balance on hand Of
S.T1-
The report Of the executive council was then pre-
scented by Chairman George N Reynolds. president
OF the Continental National Bank Of Chicago The
members Of the association the report said. were
well aware Of the growth Of business IN the last
few years. ard were equally aware that the IN
creased volume Of business had 70 be handled with
the same amount q money as several years ago
Relief must be had from this situation through
financial legislation II prosperity vas 10 continue
and the Currency Commissions labors had accom-
plished much toward that end
NOT ENOUGH READY MONEY
The prosperity Of the United States great
the report continued. and the demands for money
70 carry on business had become so large that the
country was suffering from & money sIlngencT
sns might be said TO starving in the midst OF
plenty There absolutely no means under
existing laws through which the banks Of the
country could relieve this situation. and the coun-
cis report expressed the hope that the discussion
rr -be currency question in the convention would
result in the adoption Of plan Of legislation
which the convention could recommend 10 Con-
gress fer enactment into law.
Included in the councils report were references
70 e%vo plans for altering the composition Of that
bo5v One OF these which recommended for
adoption conten1piates -hs election Of one member
Of the council BY eech state delegation and the
election Of additional members in the proportion Of
-y=-ez ---7e- 1ta-S
any state Or fractional part OF two hundred. the
effect being give the states representation in
the council in proportion 10 the size Of their re
spective memberships in the association. The coun
cil also presented, without recommendation the
called Hamilton amendment, by John l. Earril-
ton. Illinois, former president Of the assocta
ton. and which introduced at last years con-
vention- The executive council consists OF
thirty members. Of whom ten are elected each year
THE FIGHT FOR COUNCIL MEMBERS.
L had been proposed 90 consider these amend
-ents Tomorrow afternoon. following the noTnina
lions of the members OF the council 10 be
elected by the present convention. but ". G. Edi-
ea Of Chicago, moved that immediate action he
taken The adoption of this motion. It was thought
hv the council. would not be fair 10 the general
membership as many delegates. not expecting that
The subject would come I'D for decision to-day.
were absent from the hall. After spirited dis
cusslon, the convention. motion Of Edwin Cham
berlsin. of Sar Antonio. Tex. member Of the
council decided 10 look the matter up at 4 o'clock
tomorrow morning II adopted. the councils rec
commended amendment will not become operative
until the next convention meets
After the adjournment Of the convention this
afternoon the following were nominated for men,
hershp the council: In the three-year class, @.
:. Ramsey. Montana; J. H Field, New Jersey who
was nominated by reclamation; John Holiday. In
diana: c Z Warren, New York. and Z. ]. Buck
Ct Alabama
Following the debate o< the executive councils
pert came the addresses the first speaker being
Governor Claude Swanson OF Virginia, who spoke
extemporaneously. The people Of the South. the
Governor said. were not sectional provisional.
hut loved the American flag much did the
citizens in any other part Of the United States He
eglogized MS state and named OF her distin
guished sons and after sketching the plight Of the
Old Dominion at the close Of the war and describ-
ing its rescue from carpet baggers. said:
We have practically eliminated the negro from
our politics. We VIII be fair the negro. but so
help me God viii keep the negro in his place
his guardians"
TIE prosperity Of the South since the war the
Governor went on seemed more like romance than
reality There were dangers ahead however. for
the whole country: the two which were above poll
deal parties being predatory wealth and socialism
Against these forces the people of the
United States combine. and IN conflict the
South would do its full part
FOR CENTRAL CLEARING HOUSE.
President wh;tson introduced Cornnerzien-
rat Noritz Leirrann. of Dusseldorf Germany the
delegate Of the Centralve-band des Deurschen
Bznk-1nd- -Banker-Gewerbes. Herr Leinmann, af-
ter delivering the good wishes and greetings OF
his German colleagues and referring TO the great
interest taken by Germany IN financial and indus
trial conditions the United States. spoke in
ss follows in advocacy Of the establishment Of
central bank in this country, referring TO the op
eratious OF the German Reichsbank show what
inst f-,.-7nr