Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1911-11-24
FINANCIAL ADDRESSES
TAKE UP BANKERS DAY
Delegates Spend All of Wed
neSday Listening to Speech
of Prominent Leaders

NEW ORLEANS. Nov. 22.-With the
consideration of constitutional amend
ments as a sepciaI order for the first
business of Importance the second days
session of the 9th annual convention
Of the American Bankers association
was called to order at 10 O'Clock this
morning by President F. O. Watts
The most important change contem-
plated in the associations constitution Is
an amendment which proposes to put an
end to the custom of rotation in office.
especially that Of pdesident. Considerable
opposition has developed against the
proposed change
Immediately after the opening Of the
morning session an Invocation was de-
livered by the right Rev. David Ses-
sums. bishop of the diocese of Lo1isia-
ma. gS4a.c
The first speaker was James B. For
gan, president of the First National
Bank of Chicago. who spoke on The
Mobilization and Control of the Re-
sources of the Country"
Mr.. Forgan was followed by DR.. ]. g.
Schurman, president of Cornell univer-
sity, who had for his subject public
opinion on the National Reserve Assoc
cation"
George M. Reynolds. president of the
Continental and Commercial National
Bank of Chicago. was next heard. The
subject OF his address was "Rediscounts
and Book Credits"
NEEDS OF THE FARMS.
THE Needs of the Farm and Its Ben
efits from the National Reserve Asso
ciation,' was the topic of an address by
Joseph G. Brown. Of Raleigh, N. c.
With the delivery of the address OF
Stuart Patterson, of Philadelphia, on
Benefits from the National Reserve AS
ISOLATION to the Manufacturers and La
borers," this mornings session was
brought to close, recess for lunch
con beng taken.
At the afternoon session two mem
bers of the National Monetary commits
sion, Arsene P, Puje, of Lake Charles.
La, and L. p. Padgett, of Columbia
Tenn, were on the program for ad-
dr esses.
After addresses by Festus ]. Wade.
of st. Louis. and Frank B. Anderson,
of San Francisco, and announcements
by the presiding officer, adjournment
until THURSDAY was next in order.
The contest for the Craftsmanship OF
the executive council continues to grow
in interest among the bankers. One OF,
the prominent members Of the council It
was learned that canvas of the mem
bers shows that Arthur Reynolds, OF
Chicago, now treasurer of the associ
alton, would undoubtedly be chosen to
fiji the place at the head of the exec
utive body and that ]. Fletcher Farrell.
of Chicago, would likely be selecsed to
succeed Mr. Reynolds.
Fully 1900 persons attended the feet
champetre and reception given last night
at the Country club in city Park by the
New Orleans clearing house association
and associated banks of New Orleans In
honor of the visiting delegates and la
dies
With the arrival of the steamer Her
edia yesterday, the fleet of four boats
of the United Fruit line which will take
large party of the visiting delegates
to the American Bankers association.
on a cruise to the tropics, is now at its
docks.
The bankers will leave here Saturday
aboard the Heredia, Sivaola, Trivives and
Carrillo. making several excursions
through the tropical country, w, r. Bar
nett, assistant general passenger agent
of the New York Central lines, will be
the commodore of the fleet.