The New York herald., 1922-10-02
Many subject. TO Come up.


Although domestic problems probably
will occupy much OF the time allotted to
discussions. International affairs also
will come in for attention, and in this
connection the addresses of the Right
Hon. Reginald McKenna, chairman of
the London Joint City and Midland
Bank. and Thomas W. Lamont of ]. P.
Morgan e Co. are expected to be of
special significance.
Mr.. McAdams, president of the asso-
citation. said OF the topics to be dis
cussed:
Two outstanding problems perplex
us--industrial controversy and unrest at
home and International financial difii-
culties abroad. In the solution of these
questions the banker has a distinct COM
munity position and obligation as coun-
selor and advisor to the millions of peo-
pie who have confidence in his judg-
ment, integrity and patriotism. To
these problems the association will ad-
dress itself with unmstakable vigor''
\ determined fight in the convention
against branch banking In any form
was foreshadowed at a meeting yester-
day afternoon of about $50 out of town
bankers in the north ballroom of the
Hotel Astor. One Louisiana banker
even predicted a split in the organiza-
tion IL the subject is pressed.
The meeting was called by the Chi
cago and Cook County Bankers Asso-
ciation. which has been active in the
branch bank controversy for some time.
Delegates from Illinois. Missouri. Wis
consin, Connecticut, Minnesota, New
Jersey. Pennsylvania New York and a
dozen other States were present
Isaac N. Powell president OF the South
side Trust and Savings Bank and chair
man of the Washington Park National
Bank, Chicago. was elected chairman OF
the meeting. which lasted from 2 until
after 5 o'clock. All bankers at the meet
ing displayed buttons inscribed with
slogans such as Branch Opponent
Banking" with the word opponent in
large letters, or Branch Banking? No."
Plan OF Campaign.
Chairman Powell. introducing the
speakers. announced that plan OF cam
paign must be evolved for the convention
and for the fight in Congress to abolish
branch banking, despite the opposition
manifested by the great interests in New
York city. which are said to be behind
the extension OF branches of national
banks everywhere.
Samuel r. Jeffreys. delegate from st.
Louis reviewed the history of the branch
udUh movement lIoiIl tnt LlIIlt WncH III
1886. the charter OF the United States
Bank failed of renewal because of the
opposition of Congress to establishing
branch banks OF a national institution.
Mr.. Jeffreys, an attorney, said that he
wac opposed to any branch banks. but
thought some line should be drawn In
legislation to give national banks the
privilege of having branches wherever
state legislation permitted State banks
10 have branches. This provoked storm
OF opposition from the other delegates,
who asserted that all branch banks must
be abolished.
Andrew Js' Frame, aged 7s. president
of the Wauk he National Bank, Wau-
kesha. Wis eh1 has never missed a
bankers convention. declared that n
branch 0eusla- cont ned the United
Staies R0uid soon Un0 itself from a
financial siar6p9iai IN the same condi-
zion a. Enac1 where wo cities. Mon
'rsai aur Toronto, control the whole
money $50 lf and there are no. 'ude-
lsndert. .nC',l l3uai o. community hag',s.
hnrna Pollock. secretary oil tue ca g.
consia 3aIkeI' Aeao atlor and III lael
r. wella president on be Horne savings
Bank OF Miiwausre spcke ana INST the
principle OF hareh ir~r'nr nd aeic
hey beiiataa r9rld 81
Coniirsad on rwsufv.
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