The weekly tribune and the Cape County herald. (Cape Girardeau, Mo.) 1914-1918, 1914-11-20
S. E. MISSOURI
BANKERS MEET
in PERRYVILLE
To Ask Legislature to Repeal
Banking Statutes that Con-
flict With Federal Laws.
WANT STATE BANKS
TO JOIN RESERVE
McWilliams, Cape Farm Advisor,
Tells Financiers What This
County Does.

More than $50 bankers, represent
ing the sixth group of Missouri bank
ers, met in a conference at Perryville
yesterday for the purpose of mapping
out plans to induce the coming legis-
lature to revise the state banking
laws.
The principal statute they expect
to have changed is that which forbids
one corporation from holding stock in
another. This law prevents the state
banks in Missouri from becoming
members of the Federal Reserve bank
which opened in St. Louis Monday
morning.
If the Legislature will repeal the old
law or kill it by substitution, almost
! every bank in this state. it is said,
will join the Federal Reserve. This
would virtually make each institution
national bank.
Richard S. Hawes, vice-president of
the Third National Bank in st. Louis
and president of the Missouri State
Bankers Association, addressed the
meeting, and urged the financiers to
bend every effort to get all laws regu-
lating banks, which conhicted with the
Federal statutes, repealed at the COM
ing session of the legislature. His OBJ
ject, he said, was to eventually make
all laws regulating banks to be uni
form.
He requested the delegates to draft
a list of corrections needed in the state
statutes and to send these reports to
Clark Avery of the Merchants-LacledeI
bank of st. Louis.
The conference convened shortly |
before 10 o'clock and the morning ses-
sion was taken up with the transac- /
ton of routine business. The dele |
gates were entertained at a banquet /
given at the court house at noon by |
the State Bankers Association. The |
officers who were present are: R. S.
Hawes, President, st. Louis; W. p.
Gordon, Vice-President, Marshall;
Thornton Cook, Treasurer, Kansas
City, and W. S. Keyser, Secretary,
who lives in st. Louis.
DIR. Mcbride, one of the best known
physicians in this section of the state,
presided as POSTMASTER. Richard S.
Hawes and Former Congressman
Robb were the principal speakers.
During the afternoon, the bankers
launched into the subject of better
farming and urged those present to
work in their various counties for the
appointment of farm advisers. Cape /
Girardeau made the most compliment
tary showing in this respect. c. NJ.
McWilliams, the farm adviser of this
county, was present and addressed the |
meeting, illustrating the Importance
of the office and related its accomplish
ments. His talk was one of the most /
interesting speeches of the conference. |
William B. Schaefer, president of |
the First National Bank, and Maj |
Giboney Houck, a director, represent |
ed that institution at the meeting; W. |
H. Stubblefeld, the Sturdivant, and
Martin Bender and A G. Kempe were |
present as representatives of the
Farmers and Merchants bank. They
were pleased with the meeting and
Mr.. Schaefer expressed the belief that
it would result in changes long needed
in legislation affecting banking insti-
tutions.
The counties represented at the
meeting were: Perry, Cape Girardeau.
Boliinger, Scott, Stoddard, Mississippi,
New Madrid, Pemiscot, Dunklin, But
Ter, Ripley, Carter; Wayne, Madison,
Iron and Reynolds.
T. NJ. Buggs and William Mason,
both of Vanduser, who attended the
conference, were wrecked at Appleton
on their way back home last evening.
They made the trip from Vanduser to
Perryville in an automobile. They
reached Perryville without a mishap
and arrived in time to be present at
the opening.
/. Shortly after leaving Appleton on