Evening star., 1912-09-14
BANKERS END MEET
Association to Hold Next SeS-
sion in Boston.
PENNY POSTAGE ENDORSED
But One Vote Registered in 0ppo-
sition-Plan to Aid Farm.
ers Urged.
PENNY POSTAGE ENDORSED

DETROIT, Mich, September 1.-THE
Amerfcan Bankers Association concluded
it's annual convention late yesterday by
selecting Boston for it's next meeting
place; formally advancing Charles H
Hutt1g Of st. Louis from vice president
to president, and almost unanimously de-
claring for penny postage on ordinary
letters.
The currency reform question was not
taken up by the convention today.
Practically the only attention given to
the matter was contained in a short ad-
dress of the new president. He pledged
himself to work for the passage OF laws
that will keep banking business In a
normal and healthy condition"
United States Senator Charles Fl
Townsend of Michigan, addressing the
bankers this afternoon, severely CRITICS
ed those who. he declared, speculated
with funds intrusted to their care. He
announced himself in favor OF law
framed to prevent banking concerns OF
any nature from using any or their FUNDS
for purposes outside the range OF strictly
conservative non-speculative business.
Election Of Officers.
Much Of the afternoon session was de-
voted to the election Of officers, fnclud-
ing vice presidents from the various
states and territories, and the new mem
bers Of the executive council. Arthur
REYNOLDS Of Des Moines. Iowa, retiring
chairman Of the executive council, was
chosen to succeed Charles H. Huttig as
vice president and the following were
named as members Of the council:
For two years: F. ]. Carr. Hudson. WIS
For three years: Joseph A. McCord. At
lanta; ]. E. Clinton. jr., Boise Idaho: Ed
gar Crabtree, Jacksonville, ILL.,: w: I.
Fenton. Chicago: Joseph X voris; .,ao,sa nEn-
Iowa; f. f. Ames. Topeka; q: S. Ken
nard, Rumford, Me-: Downie Muir. Bos-
ton: William A. Mackie. New Bedford,
Mass; Dudley E. Waters. Grand Rapids,
Mich. Joseph Chapman. jr.. Minneapolis
! s Calfee. st. Louis: A. d. Buckner.
Paris. Mo-; w. H. Bucholz. Omaha: Il. j.
Parker. Brunswick, n. j.; Walter II. Ben
nett, New York; d. c. Willis. Pittsburgh;
j. L. Hutton, Columbia. Tenn; =, N.
Armstrong. Memphis; w. r. SnaL McSa,eo.
E. NJ. Wing. La Crosse, Wis: Ralph W:
Cutler, Hartford, Conn. chairman trust
company section: w. r. knox. New
York chairman savings bank section; A.
o. Wilson. st. Louis. chairman clearing
n. d., chairman state secretaries section.
and F. A. Crandall. Chicago. chairman
American Institute of Banking section.
But One Opposition Vote.
William r. Greer Of Cleveland was
sponsor for the resolution asking the con-
yention to declare for penny postage. But
one vote was registered in opposition.
Mr.. Greer in his address. devoted most OF
his time to an attack on the magazine
postal rate. He declared that number
Of banks connected with the association
have spent annually from 5000 to
500, ,OOO' for ordinary postage. and added
that while 1t now costs cents to mail
copy of tho Holy Scripture. eight copies
of acertain periodical can be mailed for
cent.
Among the addresses on agricultural
topics deliverea at today's opening ses-
sion was one t. ON Bradford Knapp. spe-
cial agent of the Department Of Agricul-
ture. He urged the bankers to devise a
better system of financial assistance Tor
farmers and declared against what he
termed a wasteful system OF distributing
the output of the farmers.
Charles A. Conant OF New York spoke
on Land and Agricultural Credits" Ow-
ing to the absence Of Andrew NJ. Soule OF
Georgia. his prepared address on "Agri-
cultural Development and Education was
presented to the convention and placed
on record.