The Evening standard. [volume] (Ogden City, Utah) 1910-1913, 1910-10-08
BANKERS CHOOSE
WATTS PRESIDENT

LOS ANGELES, Cal, Oct, IF. O.
Watts of Nashville, Tenn, was chosen
president and William Livingstone of
Detroit, Michigan, wee president of
the American Bankers association for
the ensuing year. at tne final session
of the convention OF the association
in this city today.
Invitations for the convention OF
bankers In 1911 were presented from
New Orleans, Atlantic City,, San An
tonic. Richmond, Va. Niagara Falls
and St. Louis. but the matter of max
Ing 4 selection was left to the eXecu-
tive council, and II was stated that
decision will not he reached until the
council meets In New York next May.
The convention of bankers went on
record as endorsing a plan to hold an
exposition in 1915 In commemoralion
OF the opening of the Panama canal.
bur no endorsement of a site was
made New Orleans and San Francis
co men had been lobbying with dele
gates for several days In order to get
tho endorsement OF the convention for
their city. but IL was stated In ad-
vance that the convention would not
favor either Of the rival cities, nor
any other city at this meeting
The address of Senator Theodore A,
Burton of Ohio on the work of tho
United States monetary commission,
was one Of the features OF the closing
day of the convention. The speaker
reviewed the work of the commission
and asked the hearty cooperation OF
the American Bankers association
Arthur Reynolds of Des Moines spoke
on the money question in which he
said that the apathy or the bankers
was responsible for the passage OF
the postal savings bank act
Frank 3. Anderson OF San Francis
co addressed the convention on the
Pacific Coasts need for banking and
currency reform and urged the bank
crs 10 take uD seriously the question
of having the National Bank law
amended so as 20 allow the banks to
accept time drafts in order to build
up a discount market
Harold Remington Of New York, for
mer referee In bankruptcy in Cleve-
land and referee in the famous Cassie
Chadwick case, read an extensive pa
per on bankers and bankruptcy law
A communication from the academy
OF political science inviting represen-
tatlves of the bankers TO conference
on the work of the monetary commit
tee to be held in New York next Oc-
tober was presented to the convention.
A resolution asking congress at ITS
next session to appropriate sufficient
funds 10 defray the cost OF transport,
ing silver free Of charge In the United
States was adopted.
Just before adjournment PreSident
Pierson gave way TO the newly eject
ed president, +. o. Watts, who was
warmly received by the Delegation
President Watts was presented with
n handsome silver loving Gun from
forty OF his friends in Nashville VINO
sent a congratulatory MESSAGE. inc
retiring president was presented with
a handsome pin and a beautiful solid
silver service by members OF the az,
sociauon in addition TO many lloral
offerings.
At the meeting of the executive
council. Charles L. Hull oil st. LOUIS
was chosen chairman for the ensuing
year and Fred L. FarnswoIth OF New
York was reelected general secretary
OF the American Bankers assoclat'oh'
eurton's Speech
Senator Theodore Burton. member
OF the monetary commission address
ed the convention during rne atef-
noon