Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1912-02-29
VERNON! BANKERS
MEET 1T CAPITAL
( congressman Prince Of Illinois
Addresses Association-A. G..
Eaton Elected President.

Montpelier. Feb. .2.-Over 100 members
OF the Vermont sSMe BaF ers' a5Socia-
ton attended the sshnal meeting in
Aelloeg-Fubbarl har this afternoon.
hey declared themselves in favor Of
legislation favorable to tire report Of the
national monetary commission now be-
fore Congress.
President f. II. FarrlnGton Of Brandon
called the meeting to order at 3:3a and
prayer was offered by Or. j. Edward
Wright A. j. Sibloy. vice president of
the Capital Saving bank of this city
We the address Of welcome. "P cause
its being a geological and official
center. he said Montpelier has been
made the recipient of many public
functions. Neruontors are supposed TO be
solutely law abiding and vet it is
charged again and again that the Yer
ont tax law breeds dishonesty and that
re are people who every month Of
April perjure themselv 8 as calmly as
t'ey say grace at The breakfast table"
Henry + Field Of Rutland, rlemhcr
of the executive committee. made tine
Response, saying the heart of Montpelier
IS warm ana lar-e and expressed the az
.reciation Of the bankers for the hos
lltality extended them.
President Earring On Introduced con.
bsessman George W Prince of Illinois.
" member OF the national monetary com
d ission. who made e. rcror' OF it, work.
Congressman Prince struck q popular
chord, saying his father was a native
ermontcr and he told cf The position -,
Illinois in the Goa ny. Then turning TO
q subject In hand, tho speaker said
You are the trustees of sllGooo04. I
nave no pa fence with neople who abuse
nkers You are the trusted men of the
country. suppose there were IA national
reserve fund. You could 1et cash and
get 1t to the people. Wouldn't there bo
In addition Il better system of b. king?
we adopted general fe' n supcrvis.
- and throttled money lr SITS, If such
there arc. we coul1 manaro and co--rol
,r bis mere q. t4Hl-ge l... is 10. ,er
n destruction, ,la MOI of that class
q public men who argue that to control
tie big interests we mus, destroy chem
We must rather control them by logisla-
a.. and federal management and then
ii we can't succeed, try some other way
There'H be d uniform rate Of discount If
I bill becomes n law.
We have to-day our sub-treaSury
system with our army OF officers
hi ndln6 the money Of tho United states
which Is piled n the treasury like old
jlnk Does II do any gooC Under this
pl ~ il becomes active. On this can be
bascd currency and credits. Canada had
ven failures TO our 500 In the same
riod of time Cant We learn by o;;-
pcrience? They have Il central bank sys-
tenn. We cant have tnat. but ", have
taken It's policy ana principles in the
form OF legislation. and suggested and
adapted these thin TO ar governmental
leeds. not to compete with me banks
of the country"
vote OF thanks va. extended CON
| gresham Prince by c. T. Smith Of Bur-
nston and he was made IN honorary
| member of the association on motion OF
Nj Ward
The chair pointed e. +. Chapman Of
V odstock. NJ. ". Barney If Springfield
nd Il. G. CARPENTER of Rutland a nomi-
mating committee. Mr. Webster resigned
from the executive council to take the
position of secretary and L. Il. Burgess.
Of burlington was elected TO serve one
year
Treasurer u. l., Wells Of orwell wa!
not present and his report was reao u,
Secretary f. II. Dickorman of Bristol. Mr.
| Dickerman also read his report and a
ote of thanks was extended him for hi'
| untiring work. Adjournment was taker
after six O'Clock
| The officers elected are: President, a
y ~. knxAA Mpntp.Ig,r. q