Show CONDEMNED BY BANKERS Delegates to the th American As Association ASI Unanimous Against I Postal Savings Bank Plan and the Guaranty Guar nty Deposit BOTH IDEAS DENOUNCED IN UNMEASURED TERMS Report of State Supervisor Young of Oklahoma on the Working of the Law in That State Is Flatly Contradicted NOT A SPEECH IN DEFENSE Chicago Sept 16 Not a voice was raised today in defense of the postal savings bank plan in the ses sessions I of the American Bankers asso association association association convention nor was a word uttered in favor of guaranty deposit state or national banks In formal f reports in speeches and in impromptu remarks both ideas were repeatedly scored by the bankers In the savings bank section Henry Hem U of Chicago attacked the pos poe pasal al savings bank by declaring that if the good of ot the country demanded that the experience of trusted and intelligent men menas menas menas as custodians of the peoples savings be hi disregarded and the custodianship cu turned over to third and fourth class postmasters the bankers would acquiesce but that if he the welfare of ot the country did dill not demand such action the bankers beakers would protest in inno Inno inno no uncertain un rt in tones President George M 11 Reynolds the head bead of the Bankers association congratulated hated the savings Ings bank section on 00 its steady stead opposition to the postal savings bank idea ld a Laws to Be Revised President Pre Reynolds Ids prophesied that within a year there would be such a re revision revision vision of the n national U nal tanking banking laws as would permit national banks to accept savings deposits depo The members of the standing law and federal legislative committee of the asso association elation discussed the question of ot securing national legislation placing the taxation of banking institutions on an equal basis baals A resolution was offered to put the say sav savings v vIRgil ings inga baik bik section on record as aa favoring the segregation of ot savings deposits depoRts but it was wa referred to a committee without action Comment waa s II made by several of the th bankers banker on Oft the bank guaranty law and it Ita in is Oklahoma ia lit 1 direct to to the praise pral e of State Supervisor or Young of Oklahoma at the meeting of ot the bank supervisors early earl In the week The savings aik section elected Wil William William liam R Greers Gref rs of Cleveland as president president president dent |