Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1911-11-21
BANKERS WILL DISCUSS
new CURRENCY PLAN

| NEW ORLEANS, Nov. 2O.-Nuch of
The American Bankers association. to
| open tomorrow in the Athenaeum on
St. Charles street, will be devoted to
| addresses and discussions of the ma
tional reserve scheme as defined in the
Aldrich plan for banking reform. All
phases of this highly important sub
ject will be considered by the greatest
financial authorities of the United
States. The topics to be taken up by
the convention include the following:
The proposed monetary plan; trade
depression and panics: trade eXpan-
sion and crop movements: organization
and control of the proposed national
reserve association: the relation Of the
reserve association To the national gov
eminent; the relation of the state and
savings banks and trust companies Ia
the reserve association: circulating
credits; rediscounts and book credits;
bank acceptances and the creation of
a discount market; mobilization and
control of the reserves of the country:
interest rates, earnings. dividends and
taxations; keeping the national reserve
association separate from partisan pol
itics and special control: the needs
of the farmer and his benefits from
the reserve scheme; benefits from re
serve association To the manufactures
and laborer; relation of the national
reserve asSociat ton to the foreign trade
and banks and the worlds financial
center.
Former Senator Aldrich will he the
principal speaker at tOmOrrow's ses-
sion.
New Orleans bankers have made eX-
tensive plans for the entertainment of
visit To a sugar plantation and perfor-
mances Of the French opera house and
the theaters.
Tomorrow's inaugural session at the
Athenaeum will follow the usual rou-
tine Of addresses Of welcome. responses.
the presidents address and the presen-
tation Of reports of officers and COM
mittees \ fete champetre at city
park and a reception at the country
club will be held tomorrow evening.
with fireworks and illumination in the
park and on the lakes. Sessions will
be held during the convention by the
trust company, savings banks. clear
ing house and secretaries sections.
The convention will close Friday and
on Saturday at noon three steamships
will leave New Orleans for Panama.
under charter for the exclusive use Of
the bankers and their relatives and
friends. The boats will arrive at CO.
Ion on Thanksgiving day. and special
trains will convey the financiers across
the isthmus 10 Panama City, where
reat feast i'm their honor will he served
at the government hotel. the Tivoli.
on the next day Culebra cut Will be
insDected and on Saturday. December
>. the bankers will go to Gatun to see
the famous dam. The tourists will re
turn to New orleans on December :.
Bankers from every state and from
nearly every city and important town
of the United States are assembled IN
the Crescent city. and a majority of
them will make the Panama trip on
the return trip from the convention
the delegates from the north and east
will be entertained at Nashville, by
IF. q. Watts. president Of the AmerI-
can Bankers association. Chattanooga
will also be visited and the bankers
will be taken to Chicamagua national
park on Lookout mountain.