Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-07-10
FEEL OPTIMISTIC
OVER THEIR VISIT
Chicago Business Leaders
Leave for Western
Homes Today.

Confident that they have persuaded
Representative Covington. who wrote
the trade commission bill. that their
arguments for some changes in the bill
are meritorious. and that such modifi-
cations as they wish will be put into
the measure. the delegates from the
Chicago Association of Commerce left
Washington this afternoon.
They held final conferences this aft
ernoon with Representative Covington.
at the request of the President. and
with Senator Newlands, endeavoring to
strengthen the representations they
made yesterday, following a personal
conference with the President.
Before leaving Washington, the Chi
cago business leaders expressed op-
timism for the successful outcome of
their mission, appreciation of courte-
Gus, open minded hearings with gov
ernment officials. and conviction that
business will not suffer seriously
through the Administrations attitude
toward big business.
Foresee Good Results.
Representative Covington showed
every disposition compatible with his
official position to accede to our re-
Washington has done much to create
friendly feeling by the administration
toward the business interests" said
spOkesrnan for the delegation as they
left their hotel.
..Representative Glass, chairman OF
the House banking and currency COM
mittee. whom we saw at the suggestion
of President Wilson. favors our PROPOSE
ton to have conference of the fed
eral reserve board and the 10S directors
of the twelve regional banks under the
new system, in Chicago, september l.
said the three members of the delega
ton representing the illinois Banking
MIR. Glass assured us positively that
he considers the purpose OF the pro-
posed meeting admirable the tlae oppor
tune and the location desirable. He told
us that if it is possible, as he now be-
lieyes. he will himself accept the invi-
tation we extended to him to be our
guest at that time.
Confer With Secretary Houston.
..In fact, all Of the officials we have
seen in Washington have encouraged
our effort for this conference. to get the
new banking system for the country
started with a whoop. We believe that
this big conference will be held.
Those In the delegation are Andrew
Russell. former state treasurer u III
nois and a former president of the State
banking Association: William George
of Aurora, also a former president OF
tGe association. and r. S. Champion,
secretary of the association.
they also held conferences this after
noon with Secretary Houston, at the
ranuest of the President. the appoint
ment being made by Representative
Glass The President wanted them to
talk with Secretary Houston. as he had
been one of the original. committee
dr.ftine the federal reserve banking
svstem They also were in consultation
n.ith Judge Eliot, one Of the committee
"f organization for the system.
Conference After White House Visit.
Thirty-fve members of the National
Association of Supervisors of State
Ranks. who were received by President
wilson at the White House yesterday,
had a conference later at the Treasury
r,enartment with Secretary McAdoo,
Assistant Secretary Hamlin and Con-
troller of the Currency Williams con-
carntnp the new federal reserve banks
and their cooperation with the banks
of the various states.
The bank supervisors were anxious to
1earn whether the new federal reserve
hanks will act as clearing houses for
banks which are not members of the
federal reserve system.
Controller Williams said the federal