Evening star., 1920-10-18
BANKERS IRON OUT
DIFFERENCES OVER
NEW CONSTITUTION

Having successfully ironed out diff
ferences over the proposed new con-
stitution for their organization in a
series of conferences, the thousands
of delegates to the forty-sixth annual
convention of the American Bankers
Association were today making final
preparations in committee and section
meetings for the opening of the gen.
eral sessions of the convention in
Keiths Theater tomorrow morning.
The charges made by John Shelton
Williams. controller Of the currency.
to the effect that high interest rates
charged in New York were hamper
ing legitimate business of the coun-
try, will be carried to the floor of the
convention. it was predicted today.
Some of the bankers were inclined to
resent the statement made in Mr..
Williams announcement. The con-
vention, it is expected. Will refer the
matter to the resolutions committee
to determine whether the association
shall take official action and what it's
stand shall be.
Article X'' of the new constitution.
drafted for the American Bankers
Association. was the section over
which the big contest was made. 1t
was adopted with reservations.
The trust company section, the old
est in the organization, came to
Washington prepared to fight the pro-
visions of the newly drafted consti-
tuition which would place executive
control of the various sections more
firmly under the general association.
The provisions of the new constitu-
ton make the sections divisions"
with an assistant executive manager,
under the executive management OF
the American Bankers Association.
Finishing Touches Executed.
Today the executive council of the
association considered the draft of
the new constitution and put the nm
ishing touches upon 1t before it goes
tive council of the trust company
section held a meeting yesterday and
the section itself later met in gen.
eral session on the matter. Last
night there was conference of six
REPRESENTATIVES of the section with
the heads of the five sections, nation
al officers and former presidents of
the association, at which an agree
ment was finally reached. The OBJ
lection of the trust company section
was that the power OF executive con-
troll would be taken from sections.
It was argued. on the other hand, that
with a more centralized control. this
great organization of bankers would
he in better shape to make itself felt
in the solution of financial and eco
nomic problems that arise in this
country.
The agricultural commission of the
association, headed by Joseph Hirsch
of Corpus Christ. Tex, made ii tour
of the Department of Agriculture this
morning as the guests of Secretary
Meredith of the department. At s
O'Clock tonight the commission will
meet in the sun parlor of the Hotel
Washington, where questions relating
to the financing of agriculture will be
discussed.
The currency commission of the as
sociation, A. Barton Hepburn chairman.
held a meeting today at which the plan
suggested by Prof. Irving Fisher of
Yale University for the stablization of
the dollar was discussed and criticised.
other Committee Meetings.
Other committee meetings held to-
day-all of them executive-included
the committee on commerce and ma
rine, John McHugh, chairman. at a
luncheon in the New Willard Hotel;
Kaufman, chairman the economic
policy committee, Waldo Newcomer.
chairman: the federal legislation com
mittee. Fred Collins. chairman; the
federal reserve membership campaign
committee. J. H. Puelicher, chairman;
the gold committee. George M. Rey-
nolds, chairman; insurance commit
tee, George A. Holderness, chairman;
library committee. Julien II. Hill.
chairman: membership committee, H.
w. Chadduck, chairman: McHugh plan
committee, John McHugh, chairman
tthe McHugh plan cen5emplates ont aoa lat the
poration to promote foreign trade);
the public relations committee; vii;
nr;yate thrift committee. s. Fred
Strong, chairman; state LEGISLATION
Three sections Of the association are
meeting this afternoon. the clearing
house section, the state bank section
and the state secretaries section. At
the state bank section. which is meet
ing in the ballroom of the Raleigh
Hotel, ]. w. Butler vice president
of the Texas Bank and Trust Com
many, Galveston. Tex, and president
of the section. said that state banks
have come into their own"
All Kinds of Banking.
Their importance and usefulness"
be continued. "are now realized and
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