The Birmingham age-herald., 1911-11-20
25OO BANKERS
 INATTENDANCE One Thousand More Will
 Arrive Today A FIGHT IS EXPECTED Speculation Rife for the First Time as to Who Will Be the Next Chairman of the Execu-
 tive Council

New Orleans November 19.--More than 250O bankers had registered tonight for 1 the opening here tomorrow of the 31th annual convention of the American Bank ers association. At least 1000 additional delegates are expected to arrive tomor- TOW.
 Monday will be devoted to committee meetings and the convention proper will not open until Tuesday morning. To- | morrow eevning the members of the exc cutive council and officials of the asso- ciation will be rendered banquet by the local bankers. The lady visitors will be entertained at & special reception and
 musical.
 A bitter fight is expected to develop in the convention over q proposed amend ment to the constitution of the associa- ton. designed to prevent the future pos sibility of the organization being con trolled by a few members. c. H. McNider, president of the First National Bank of | Mason City, la, will offer an amend ment to the constitution providing that | the chairman of the executive council the chairman of the executive council 1 shall be ineligible to election to a lighev l office until one year has elapsed after I the cxpiratios aetl,eif berlns of office. For the first time in the history of the association 1t cannot be forecasted with 1 any degree of certainty who will be l elected chairman of the executive coun- | Gil. Prominent among the candidates for | this office are William George of Aurora. | H.. Sol Wexler of New Orleans, and Ar
 thur Reynolds of Des Mones
 1 c. H. Huttig, chairman of the executive | council. who will be elevated to the vice 1 presidency, recently underwent an opera | tion at his home in St. Louis and will | be unable to attend the convention. An important resolution submitted for | consideration by Marion T. Herrick, for | mer governor of Ohio, suggested plan for financing farm development under government supervision.
 MT. Herrick favors the organization of | a corporation to operate under govern ment supervision which will make long term loans to land owning farmers at small rate of interest, and the possible adoption of an amortization plan which would enable the farmer to repay the
 loan through the addition of sums an
 nualy to the interest rate.
 His resolution in part follows:
 Whereas. experience in other courses
 makes 1t evident that scientic farming
 methods probably will not be utilized in
 the United States to approximately tbe
 fullest extent until there be provided
 some means by which farmers may ob-
 tain the funds they need al rares sup
 stantialy as low as those available to the
 individua land corporate borrowers and.
 Whereas. to successfully inaugurate
 and maintain institutions of loans to land
 owners on terms that will stimulate bet
 ter methods. it is necessary to secure the
 sanction and assistance of some oreaniza
 tion similar to that of the American
 Bankers association whose motive would
 be unquestioned and whose support won,d
 be guarantee of conservatism.
 Therefore, be it resolved, that in view
 of the imperative need in the United
 States of organization that shall have as
 their first purpose the making of loans
 to land owners at low rates and for long
 terms, these resolutions be referred to a.
 special committee of the American Rank
 CTS association, or to a standing com
 mittee with instructions to investicate
 the general subject of farm financing in
 relation to conditions in the United Sta
 and to consider the advisabiltv of haviny
 the American Bankers association active. ly encouraged and assist in procuring lao islation that will aid in establishing safe
 and adequate farm financing institutions
 throughout the Unite States, such as have been so eminently beneficial to the arri~ cultural interests of France and Ger many.