New-York tribune., 1922-10-01
NIlcKenr,a Here
|qn(,et Views OF
Il. S. Bankers
chancellor Of Exchequer
Arrives ON Aquitania to At
,e,,d Convention; Praises
s,g..hods of Americans
s.und as Ever, He Says
sx,r,hcliffe Papers Continue
+ friendship for This Coun-
try. Says Correspondent

p,sht Hon, Reginald McKenna,
In e. E. chanceiior OF the Exchequer,
io.s', q .ow head of one Great britain $
sM sMs.nost m banks. arrived here Yesterday
is'si ~ Cunard liner Aquitania TO at
y ssas the convention OF the American
s.slDss.rs Association, which ne VIII
osas sa.sss on the subject OF "Repara-
aa0sss While here he will stay at the
s:ssl s:sssl Commodore.
gslshas0h the convention would natu~
=. - Chiefly concerned with banking
Fs., .,.ys directly affecting American
hs.:eral affairs and conditions, Mr..
ss.Ig sTsrna said, he ahd observed with
Int a..s interest the wide scope of the
mssa sas;s.ss to be considered. In his opin-
y. immense good will be effected by
'ea e:. r.estinc. The world is suffering
.hs ,l,4 he consequences of the war. he
IN i.rv.I.;nsd, of which the more obvious
~ sre trade dislocation and tum-
s,ss, s,s. exchanges, and on these and
s,.as asss, subjects London bankers are anx-
w. ~. a learn the views Of American
,sss,rs Of financial opinion.
sys,hing approaching the present
.o,sitjon has happened within the
.v .ssno,y Of living man." Mr.. McKenna
asdsd aand they have TO face new
~ strange state Of things without
~ ~ dear body of experience to guide
s, .s.r. The formation of rational
sablie opinion on the worlds economic
r,.blems is urgently needed, and I
lsye mo doubt that a great step for
v.ra will be made by gathering to-
esther in one convention the best bank
;ns brains in the United States.
r have every hope that this years
,osyention will result in the enuncia-
.ion Of some Of those guiding princi-
.lss whose practical adoption is in
Ascensibe to q real and lasting re-
vival Of trade"
Calls American Banks Sound
HI. McKenna paid tribute to the
bsukers Of the United States for the
skli with which they are handling the
domestic problems Of the country, with
tie result that the present financial
md banking position Of this country is
probably as sound and liquid as it ever
lad been in its history.
The British banker was met by
committee composed of Thomas B. Nc
Adams, president of the American
Bankers Association; Seward Prosser,
president o. the aBnkers Trust Com
rsny and chairman of the committee Of
one hundred; Stephen Baker, president
Of The Ban kof Manhattan Compan1:
Jsmes F. Alexander, president of the
National Bank Of Commerce in New
York; Walter E. Frey, president of the
Corn Exchange Bank, and Charles Z.
Mitchell, president Of the National City
Bank.
Another passenger returning on the
Aquitania was w. F. Bullock, American
correspondent of THE London Daily
Map and director of the Associated
Newspapers owned by the Northcliffe
interests. He said that Lord Rother-
mere, brother Of the late viscount,
who will assume control of the enter
pr!ses, would, without doubt. con-
tinuc the Northcliffe policy of friend
liness toward the United States.
Lord Rothermere's admiration for
this country was illustrated during the
war, following the death Of his son.
when he founded the chair of American
history In his memory.
Benjamin schlessinger, president OF
the Ladies' Garment Workrs' Union,
returned from labor conferences in
England, France and Germany, He re-
ported that the numerical strength Of
tae labor unions In Great Britain had
diminished since the war as result
OF largs number of unskllled work
e's being forced out Of Jobs by the re-
tarn Of the veterans. Politically, how
ever, they are getting stronger and exz
Rseta large representation In the next
Parliament.
barker & Co, Ltd, brought with him
greetings from the retail dry goods
merchants Of the United Kingdom to
als tas merchants In this country. Sir
slaney, who is accompanied by his
vile and daughter and H. L. Cabuche,
On architect, will make study OF de-
psttment stores and their architecture
waiie in this country. Sir Sidney H.
mead of the Drapers Chamber of Trade
W. VINO entertained the members of the
National Retail Drygoods Association