New-York tribune., 1908-07-10

calling attention to the fact tina. they met the de-
maho Ter currency until their reserves
dnced sS4oooooo below the legal limit while they
imported and distributed SIS 600 900 gold
On the question of the guarantee of bank de-
posits. which promises to become factor of i'm
portance in the current political campaign, Mr.
Warren said. among other things:
1t seems that the essential idea in the scheme
10 relieve for using bad business judgment ds 1t
Soa tax te ssns Edsas S banking Why
bss,,,s, banRs s1arantee on deposits would
methods.
E. o. Eldredge. secretary of the association. said
In his report that pancs might come and panics
might go, but the New York State Bankers Asso-
citation could not be hindered progress and
this he supported by the chairrnen of the yar-
Gus groups, who reported sound banking conditions
in their institutions, wonderfully small percent
age or mortality as a result of the panic and gen
eral progress along lines that will conserve the
best interests of the banks and their customers
Following the first session of the convention the
delegates. their wives. daughters sweethearts and
friends went on trip through the most attractive
parts of the beautiful Thousand Islands, and it
was on this trip that the sentiment heard In some
quarters earlier in the day that the next con-
vention be held in Rochester other city
met with unqualified dsapproval from most of the
men and all the women The bankers make their
conventions an outing as well as a business meet
ing. and those who love the water and the woods
are not anxious to hold their gatherings in the
cities.
BANQUET AND OUTDOOR SPORTS
Job Hedges is here and he was one of the speak
at the banquet, were also Alexander Gil
bert William II. McE1roy James NJ Emery and
Joseph 7. Talbert.
There good music, and not too much of 1t.
and tomorrow night there will be more music and
fireworks while in the afternoon there will be golf
and tennis contests for men and women.
Clark Williams poses tennis crack, and he
expects TO win the cup, but there are few others
who want it. c. r. Leach, one Of the New York
City delegates. is slated to win the golf cup.
Among the we'll known bankers here, in addition to
those already named. Louis F. Pierson. the lrV-
ing National Bank of New York; E. j. Newell the
Peoples Bank of Buffalo; E D. Fisher, the Flat
bush Trust Company: T. A. Mead the First Ma
tional Bank OF Albany; E. s Tefrt. First National
Bank OF Syracuse; d. H. Pierson. Bank of the
Manhattan Company; Hiram NJ. Smith, First Ma
tional Bank Rockville Centre; A A Grahan1
Citizens National Bank. Baltimore; BRADFORD
Rhodes. New York; Anthony Lamb, Commercial
National Bank. Syracuse: James r. Edrnunos
Bank of Commerce Baltimore; J. ]. Sullivan, Cen
trail National Bank. Cleveland. and e. T. farhs-
worth, First National Bank. Cleveland
The Ohio bankers are holding convention at
Alexandria Bay, and this evening the officers OF
the association guests of the New YORK men,
D. H Pierson. Of New York; Hiram Smith, OF
Rockville Centre, and l. W. Matt, of Oswego VIII
be the New York Bankers Association delegates
on the executive committee of the American Bank
ers Association
A tribute in recognition of his able administration
NJ hts office as president of the association was
maid 10 Mr. Warren at the opening of the session
to-day when Alexander Gilbert on behalf or the
members presented to him an artistic ana Oeau'i-
full gavel.