New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-07
BANKER LAUDS GERMANS
Outstripped us in Currency Re-
form, Says Reynolds.
WILSON URGED TO ACT
Gathering at Briarcliff Manor
Passes Resolution Appealing
to President and Congress.

The executive council Of the American
Bankers Association held one Of the
most successful dinners In the history
Of its spring meetings At the Briarclin
Lodge. BriarciT Manor. last night.
About two hundred members and friends
attended. r. j. Davis. chairman Of the
executive council. presided.
The speakers were cx-Congrossman g.
\. Pugsley. president Of the New York
State Bankers Association. Arthur Roy
nolds. vice-preSident OF the association
and president OF the Dcs Moines National
Bank. and i. \. Wilson. Of III Reno.
Okla. J.. p Hllyer. OF Macon. Ga. en-
tertained with recitations.
Mr.. Reynolds. who made the principal
address, deplored the lack Of real bank
ing reform during the last few years and
said the commercial welfare Of the coun-
try had been more or less neglected along
that line. lie commended the work Of the
monetary commission. but declared the
practical benefit TO the country as a re-
suit OF its work had been little. lie said
the Germans had done much better in
banking and currency reform than this
fbhiAiNs Nv p'luldnN lil NU-lIfrN flTFl
and politics afterward he said. while II
seemed 10 he the reverse here
Dangerous political hcrcsies and popu-
lar clamor." he declared. "socialistic in
its tendencies. and demanding a more
equal distribution Of wealth. are causing
our legislators unConscously TO tomporize
and procrastnate. The daily press feat
ures every incident relative TO the situa-
ton, and no legislative body thinks Of
adjourning until it has abridged some Of
the rights Of those possessed Of capital"
While class distinctions would never b.
so closely drawn in this country as in
others. 1t would be impossible to elimi-
nate entirely such distinctions, he as
serted Merit and talent will demand
recognition and will win success" he
said; individual effort ability and in
dustry will classify themselves. regard
less Of those who seek to place all upon
the same plane"
Yesterdays session was taken IN with
the presentation of reports by officers and
committees Those 10 report were the ad-
ministration committee, general secretary.
treasurer, general counsel, manager Of the
protective department and the committees
on sections. trust companies. savings
banks, clearing houses and American In
stitute of Banking.
The trcasurers report showed there was
a cash balance on hand of SCI, $50 O.
The secretary In his report said the pres
ent membership was 1851. an in
crease over year ago although during
bo association
beers. OF these rs were due TO failures.
suspensions and such causes and 1913 to
delinquency in living up TO the assoc-
atoms rules.
The report of the currency committee
showed that the committee favored the
banking and currency plan that has been
proposed for passage by Congress. A
resolution was than passed to urge upon
President Wilson and Congress that
there was necessity for prompt banking
and currency legislation.
The report OF the Protective Depart
ment Committee showed that from Sep
TENDER. 1912. to May, 1913 there had been
| 1874 arrests. and that the department had
| been successful IN obtaining convictions
| in l2s cases. The report also disclosed
the fact that during the same period
there had been twenty-eight burglaries
| number OF attempted burgiaries and
hold ups OF members OF the association
and also about eighty-three burglaries
and hold-ups Of non-members.
Moving pictures were taken Of the mem
bers OF the council and their guests
| The picture machines were set up at vari-
| Gus points. and many yards of pictures
were ground out whenever fitting subjects
| presented themselves