The Ely miner., 1913-07-18
STATE BANKERS IN
ANNUAL MEETING
CURRENCY BILL BEFORE CON-
GRESS is SUBJECT OF DIS
CuSSlON.
RESOLUTIONS ARE ADOPTED
Important Views Are Embodied in
These-Farming Development 10
Not Sighted by State Finan-
ciers-New Officers.

notwithstanding a spirit OF con-
structive criticism, the Minnesota
Bankers association indorsed the
work of the committee Of the Ameri-
can Bankers association that went
to Washington and succeeded in hav-
ing changes made in the original
draft of the currency bill, and make
it clear that while the Minnesota as
sociation is irrevocably opposed to
the bill as it stands, it Is in sympa-
thy with the effort for currency re-
form and not disposed to take an atti-
tude OF hostility while the measure is
still in the formative process.
Gist of Resolutions.
The resolutions as adopted provide
for the increase of the membership
of the committee on agricultural de-
velopment and education to one from
each of the ten congressional districts
and one at large Each district mem
Der is to name four other bankers in
his district to act with him as q sub
committee. The resolutions also pro-
vide for sending Joseph Chapman, of
Minneapolis, and three other mem
bers of the agricultural development
and education committee, to Kansas
City to national agricultural confer
ence Aug. 26 and 27; for the support
of the one-cent postage bills for ordi-
nary letters, now pending in the house
and senate; for Endorsement of Jo-
seph Chapman for vice president at
large of the American Bankers asso-
citation.
The paragraph relative to the cur
rency bill reads as follows:
I'VE recognize that proper nation
al currency and banking law is imper-
atively needed. Resolved, That we
approve the earnest endeavors of con-
gress to enact such law, and believe
that for the welfare of the country a
proper act be put into effect at the
earliest moment consistent with the
due consideration of the subject.
Commend National Association.
Resolved, That this association
commends the efforts and proposals
of the currency committee of the
American Bankers association for the
Improvement of the terms and provi-
sions of the banking and currency bill
lately introduced in congress, and
that the executive council of this as
sociation be requested to carefully
consider the bill and all amendments
thereto, particularly with respect to
their application to, and effect upon,
the commercial and agricultural con-
ditions in Minnesota and the north
west, and to submit their recommen-
dations to the members of congress
from this state"
New Officers Elected.
The new officials of the Bankers
association are: President, J. S. Pom
eroy, Minneapolis, succeeds D. c.
Armstrong, Albert Lea; vice presi-
dent, D. D. Willard, Mankato, sue
ceeds ]. S. Pomeroy; treasurer, ]. j.
Ponsford, Watertown, succeeds A. G.
Wedge, Jr., Bemidji; secretary,
George H. Richards, Minneapolis, re-
elected. For vice president of the
American Bankers association for
Minnesota, w. A. Shaw, of Clear Wa
ter, succeeds w. H. Putnam, of Red
Wing. For member of the executive
committee of the American Bankers
association, ]. B. Galernault, of Ait
kin, succeeds George F. Orde; of Min
neapolis.
How the dairy cow can turn worn
out or wild land into valuable farms
was explained by w. F. Schilling,
Northfield, president of the Minnesota
State Dairymen's association.