New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-20
}. S. Alexander, Of Ban. :,
Commerce, Says Th,,'
Will Cooperate.
FlNANCIERS FROM
ABROAD SpEi,
Representatives of Freneh =
man and English lnstitr,is,, y
Guests at Waldorf

Representatives Of the to-.
banking systems Of Europe us,.
night NJ dinner given by IN.
New York city At the Waldorf a.
was expressly stated tia, N.
bank law was not a subject for 60,
several remarks we're mad. ,h,,
the trend Of thought among IN. A..
james s. Alexander. preside, !,
National Bank OF Commerce. r.,.-..,
it in particular, promising m. %
operation Of heads OF the biz city ~.
II IS the experience OF mans,,<.
said. that prudent and wise mana,
and direction OF system tina, IA,
be the perfection Of reason On =,
will produce better results than a,
tanned BY inexperienced or ,ncs-,.
managers OF system that, o, p<,.- !.
he perfection itself Perhaps no ~
commission ever created BY 'aw n, /.
have been a nation has had the vav. /.
veal or for woe that win b. es.-r,.s !.
the board that is about TO bs c,a,s +,
der this act.
I'VE shall help TO the fun es,,.. 4.
we may 10 make tie operation rc,,,
and hope that Il will afford the ri,
was designed TO give. We bersa !.
ever. that II can be improved Ia ,-r
tant particulars, and expect that d. d
gress and the Executive WIN mo-.
amendments as defects and d.aer.,
may become apparent by expeneso
THE Relations Between German a.
and German Industries" was the 49,
of an address by Professor Dr.. J. RI
president OF the Central Assccsur.
German Banks and Bankers He III
the organization OF the German ers.>.
system, at the head OF which va
Relchsbank, a central hank q hx
semi-public institution, under The n
agement OF the empire. From the u
operations OF that bank and its sIss
stitutions, he pointed to the .rciz
which may be expected in ii. opeass
of the new reserve bank system.
From our point OF VIEW" he nk
banking law is doomed 10 failure I
gives any power in any importari 4
of the management-except In suens
to politics. or 10 leaders in poita v
generally lack banking experience pst
may sometimes spoil the character, 4
will always spoil business.
I'VE are further convinced ,tz
banking legislation must In the lul
suffer shipwreck II. perhaps with q
on popular currents, 1t excludes u
pert elements-banks and barkers-si
the management OF the centra y
bank; or II, in other words. t3
them as enemies instead Of friend
I'VE believe that any banking %
ton which is guided by purely inpsE'
motives must secure for the Manages
OF the central bank OF issue the so''f
ton, though not the domination, 81
expert elements. as such bank car
fulfil its duties TO the nation when
ing hand in hand with the otnsf a
When [ want 10 build a house. ] a.
architects and bricklayers. not iis-'
not even good iddlers.
Robert Mason. yice-direcfor
Credit Lyonnais, one Of the large ~
tons of the French system. spon
influence OF the Bank OF France
THE consequence Of the pcfeJ
Bank OF France" he said, ana
great French private banks b" =.
democratize the instruments OF CIV
10 place our whole economical C's'
a broader and more popular bass
Stability, security and cheap moN
what our public Of small eapi'aa1
small tradesmen requires, snd v.
gets under that policy. Our nir
less affected by a crisis than -
other countries.
James II. Simpson, general mA
the Bank of Liverpool. spoke I" -
Leading Features OF the I0non
and Discount Markets" Ano't
the speakers table were George
charles A. Hanna. A. Barton W.
-. I,ns William A. Nps
thur Reynolds. william sene'e
Superintendent George {. Van
Paul NJ. warburg and Albert n