Evening star., 1912-09-10
REBEL COUP Feared |A[DRCH PLAN URGED
Large Force Assembling Sup Bankers President ndorses
plies Near Cananea. Proposed Currency Scheme.
ACTIVE ON TEXAS BORDER FAvORS UNITED SUPPORT
Before National Association
| vent Threatened Raid Session at Detroit
MADEROs REQUEST GRANTED CONSIDERATION REPORTS
Through Of State
Agitation n u. the City.
Bankers President Indorses
Proposed Currency Scheme.
FAvoRs UNITED SUPPORT
Address Before National Association
in Session at Detroit.
CONSIDERATION OF REPORTS
Convention Welcomed by Governor
of the State and Mayor
of the City.

DETROIT. Mich, September 1O.-Wel-
coined by the Governor of Michigan. The
mayor of Detroit and local financial
leaders, the American Bankers Associ
alton held the opening session of its an
nual convention here today. With sew
eral thousand bankers in attendance the
opera house, in which the convention
opened, was not able to accommodate al
Of the delegates.
Following the welcoming speeches and
the response delivered by Robert j
Lowry of Atlanta, Ga. the bankers at
tackled their routine business with vim
President William Livingstone of Detroit
read his annual address. which was fol
lowed by reports from General Secretary
Fred r. Farnsworth, New York; Treas
urer ]. Fletcher Farrell. Chicago: Gen
eral Counsel Thomas B. Patton New
York: the executive council and the
standing protective committee.
An address by Robert W. Bonynge OF
Denver. member of the national monetary
commission. closed the morning session
Mr.. BOnynge discussed banking and cur
rency reform
Four Business Sessions.
The association expects to complete its
business at two sessions today and two
Friday. During the intervening days
while subsidiary organizations are hold
Ing their national meetings, the bankers
who are connected with the association
only are to be the guests Of the local
committee on arrangements and Of De
troit business men at a series of enter
tainments on land and water
After the convention had heard sew
eral addresses of welcome at today's
opening session, it was planned to dis
pose Of number of formal reports of
the various officers, and then listen to
the address on Banking and Currency
Reform" by Robert w. Bonynge Of Den
yer, member Of the national monetary
commission.
Reports galore were scheduled for this
afternoons session. The convention,
however, planned to break the routine by
listening to an address from United
States Senator Charles E. Townsend of
Michigan. and considering proposed con-
stitutiona1 amendments which have
aroused some comment.
The formal addresses of President Will
liam Livingstone Of Detroit and Fred r..
FarnswOrth Of New York. together with
the report Oh the dSSOCldllOu executive
council, preceded Mr.. Bonynges speech.
Much of the secretary's annual report
dealt with sthe part which Detroit and
Michigan have played in the ultimate for
nation Of the bankers organization. He
traced the growth of the association since
it's inception in 1875, and dwelt upon the
work accomplished during the last year.
Approves Aldrich Currency Plan.
President I,iyinRstone's speech was for
the most part a compliment to the work
of the association and the affiliated sec
tions. The Aldrich currency plan was
warmly approved by the president. Com
menting on the favorable action toward
the Aldrich suggestion taken by the con-
vention at New Orleans last year, he
urged the delegates to continue their ef-
forts to secure its adoption by Congress.
The association should stand by its
guns in this important matter in the full
est sense of the word.' said President
Livingstone. "and should continue to sup
port the bill as previously recommended
and again go on record as favoring its
adoption"