Omaha daily bee., 1908-05-22

financial stringency last fall. when. he de-
clared. the people showed the strongest
confidence in the thorough integrity OF the
men at the head Of the banks. Mr.. Baird
declared that money was a measure OF
life energy and that the banks being in
charge OF money were "the greatest pre-
servers and conservators Of human energy
ever conceived by the mind of man."
George walters Of Harlan responded
briefly TO the address Of welcome, express
ing pleasure az the hearty welcome ac-
corded the bankers by the citizens Of Coun-
ell Bluffs, in which city he said he was al
ways perfectly at home and he was sure
the other members of the association felt
the same.
THE Late Unpleasantness and Chicago
Banks and Bankers" was the subject OF
an address by Henry Meyer. cashier OF
the Harrison National bank OF Chicago
The late financial furry was referred to
by Mr.. Meyer as "one of the most remark
able affairs in the financial history of this
country or any other" He traced condi-
tions prevailing Immediately before the
furry and told Of the plans adopted by
the banks Of Chicago for meeting the fl
nancial stringency. The speaker empha-
sized the Importance and value OF organ
ization in meeting conditions such as pre-
vailed.
AclSiey Howard, vice president OF the
First National bank of Sioux City, spoke
at soma length on Financial Legislation
Now Pending" but did not express him
self as in favor of any Of the plans under
consideration. He advised against hasty
Legislation and advocated a currency that
would be safe and relatively nonfluctuat-
ing as the thing most to be desired.
The program was brought to a close with
short talk by ]. NJ Kelley Of Macedonia
on the cause OF panics, which he said was
lack Of confidence on the part Of the poo
pie. who consequently withdrew their
money from the banks. Mr.. Kelley op-
posed asset currency on the grounds that
such a system would merely aggravate
existing difficulties.
Those Present.
Those present were: James Hunter.
Mlnden; L. F. Potter, Harlan; J, M KelIy'
Woodbine; Otto Roma, Walnut; August
Beresheim. Council Bluffs; Fred j. Boie,
Hancock; p. Cotter, Nicola; George Walters,
Harlan; James Schaff, Underwood; w. NJ.
Lamb, Glenwood; E. H. Mitchell Shenan-
doah; NJ T. McEvoy, Mondamin; II. NJ.
silby, Modale; Frank DeKlotz. Kirkman;
@. II. Rink, Sheel; r. G.. Pemiston, De-
fiance; Roy Maxfleld, McClelland; c. L.
voss' Denison; Emerson DePuy, Des
Moines; A d. French. Glenwood o. e.
=. L. Van Dyke, Marshall; Carl F. Kuehnle,
Denison; g. Z. Price, Council Bluffs; A. F..
Gruenwaldt, Manning; II. H. Harris, North
boro; r s. McDonough, Hastings; +. ]. Pat
terson, Dunlap; George w. Coe, Woodbine;
ID. l.. Heinsheimer, Glenwood; r. NJ. Ship
man, Emerson; L. w. Niles, Atlantic; Ed
wan Delahoyde, Extra; Grant McPherrin,
Clearfield; Charles f. Nitt Mineola; N.
Mayer, Chicago; c. A. Darr. Des Moines;
Louis Visko, Cedar Rapids; H. L. Tthley,
Council Bluffs; F. Meredith, Blanchard; j.
D. Loudon, College Springs; NJ. b. Nelson,
Extra; F. M Schneider, Shenandoah; G. N.
Ward, Logan; Ira Mccormick, Tabor;
Claude F. Anderson. Pacific Junction. r.
e. Mcdonald, Pacific Junction; John f.
Lake, Shenandoah; c. II. Harris, Bartlett;
G. L. Breckenridge. Manila; j. T. Brooks,
Hedrick; G. F. Mitchell, Coin; w. II. John
son, Logan; II. NJ Cormary, Woodbine; T.
Rhone Wilson, Moorhead C. D. Langfeder,
Beattey; C. L. Hall, Tabor; c. L. Isbell,
Logan; l. Allison, Omaha; T. G. Turner,
Council Bluffs; c. r. Hannah, jr., Council
Bluffs; Ackley Hubbard, Sioux City.