Evening star., 1909-09-13
Slogan Voiced by Delegates to
Bankers Convention.
FAVOR ECONOMIC REFORMS
Business Administration" Of Ma
tional Affairs Desired.
CANNON AND HILL WILL SPEAK
Opposition Expressed to Postal
Savings Banks and the Bank
Guarantee Proposition.

Special Dispatch. to The Star
CHICAGO, September 13.-The thirty
fifth annual convention of the American
Bankers Association. which is being
held in Chicago today with delegates
from all sections of the United States
present, is expected to take a bold step
forward in an attempt to divorce poll
tics and the treatment of the tariff prob
lem and to attempt to institute other
economic reforms which will be notable
in American history. The bankers be-
lieve the supervision of these important
affairs should be placed in the hands OF
conservative and responsible men.
More than 1000 delegates have register
ed at the headquarters of the association
in the Auditorium Hotel. In the mids~
of visiting handshaking and getting ~
quainted. the slogan, ''out of politics
Is heard on every hand.
Postal savings banks, the bank guaran-
tee and the present bill of lading are TO
be given such severe jolts that 1t is fond
ly hoped by the delegates that they will
be reegated to the scrap heap of good
intentions" Denunciation of these meas
ures is to be part of every days program
until the convention ends Friday.
Cannon and Hill to Speak.
Among the speakers will be James J.
Hill and Speaker Joseph G. Cannon. Mr..
Hill will address the afternoon meeting
on National Wealth and the Farm"
Speaker Cannon will deliver an informal
address a. the close of the morning ses-
sion tomorrow.
1t is predicted that this years conven-
ton of .he bankers will be in every way
the largest and most important of any
in the history of the organization. World
wide topics are to be discussed, and the
views of the convention. it is declared.
undoubtedly will have a material effect
on much future legislation. especially re-
garding tariffs and monetary regulations.
Whatever the views of the big finan-
ciers on the money market questions.
it is the consensus of opinion that.
business administration" Is to be de-
sired above everything else. Approval
was expected by those bankers who ar
rived in the city during the day OF
President Taft's selection OF his tariff
commission. The choosing of an assist
ant secretary of the treasury. a Yale
educator and an editor for the tariff
board was cited by the ffnanciers as
being a step forward in the elevation
of business men, to places of promi.
nence in the country's progress
Regarding Bills Of Lading.
Louis E. Pierson. president Of the Irv-
ing Exchange Nat1onal BANK OF New
York and chairman Of the committee on
bills OF lading. one of the most tmpor-
tant committees that will report to the
convention. announced that the railroads
are not opposed to the liability point IN
the bill of lading legislation. 4
"At the Detroit meeting the general
counsel for the Michigan Central made 1t
known that his railroad and other east
ern lines would not object to the liability
idea" he said az can say that all the
railroads are beginning to look with favor
upon this matter. ~s5
Regarding postal savings. / am much
opposed to that idea. l think the bank
ers throughout the country take the same
stand. 1 am also decidedly opposed to
the banking guarantee proposition.
Mr.. Pierson has been mentioned as the
leading candidate to head the association
for next year.