Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1911-11-25
DETROIT Gets CONVENTION
-FOUR OTHER CITIES GIVE NO.
TICE OF WANTING THE con-
VENTION IN 1913.
37TH CONVENTION CLOSES
After Electing President and Other
Officers. the Present Convention
Comes to u Close.

NEW ORLEANS, Nov 24-Wtth
but one dissenting vote the American
Bankers association today gave its
unanimous and unqualified support
to the Aldrich plan Of the reform
monetary system of the United States.
Congress was urged to deal with
the proposition as an economic ques-
tion. Confidence was expressed that
the high purposes actuating the Ma
tiona Central Monetary commission
committee was working out
the details of the law with sound prin-
ciples in such a manner as to gain the
confidence and support of all classes
After the election of officers the
thirty seventh session came to close
Detroit Was Chosen.
Detroit was chosen unanimously on
the first ballot as the convention city
in 1912. Boston, Atlantic City, Chi-
cago and Jacksonville, Fla, gave no
tice that they would ask for the con-
vention in 1913.
Vice President william Livingston,
of Detroit, was elected president, and
c. II. Huttig, of ST. Louis, vice presi-
dent. The convention then adjourned.
The report of the currency commits
sion prepared by James b. Forman OF
Chicago in part follows.
Currency Commission Report.
Your currency commission along
with the officers of our association
wit
National Monetary commission IN
Washington, on Tuesday, March 2S,
fast. to consider Senator Aldrich's
suggestion for monetary legislation
"At a meeting of the commission
held Immediately before the confere-
nee 1t was unanimously agreed that
the plan suggested by Senator Aldrich
Is founded on correct principles, with
existing defects in our national bank
ing systems and that with further
developments in some of It's details 1t
can be made thoroughly practicable.
Subsequently we discussed with the
National Monetary commission every
feature of the plan giving our rea-
sons for suggestions made,
Later our report was published in
phamplet form and circulated among
the members of this association. our
recommendation have since been
adopted in resolution of the plan re-
Gently published by Senator Aldrich.
state Bankers Endorse II,
AS result of the work we thus
initiated, followed up by the individual
efforts of members of the commits
sion, and of Mr.. Farnsworth, your
general secretary, out of forty-sx
state bankers associations, twenty
nine have passed resolutions at their
annual conventions, endorsing Senator
Aldrichs plans as put forth, while
two remaining associations had held
their conventions before the plan was
brought out, and two have not yet
held their conventions, and Of the
remaining thirteen the subject was
not considered.
The report was unanimously adopted
and the currency e.mmission was or
dered to represent the association be-
fore the National Monetary commis-
sion ana congre sional committees.
New OFFICERS Elected.
The committee tonight elected the
following
Chairman of the executive council,
Arthur Reynolds, Des Moines, la.
Treasurer of the association. j.
Fletcher Farrell, Chicago.
Secretary, Col. Fred e. Farnsworth,
New York.
Assistant secretary. William G. Fill
son, New York.
General counsel Thomas b. Potion,
New York.
Manager protective department, L.
w. Cannon, New York.