| Show I 1 MC HEN IN WHO VHO HAVE PNEY MONEY ib I 1 frob problems leMs in finance discussed ak k it fel by bankers 4 lk Z 4 k convention IN CLEVELAND k 4 1 I 1 baseness Ba siness of the country now beings Grow growing ilIg independence I 1 done on a of money centers centera epst vc s t and south semiannual semi seral annual settling ir days wiped front roni the Ciden dar r west enabled to handle ver her crops without financial aid flow great 11 11 I 1 kelley honey centers east I 1 I 1 4 0 0 sept 5 56 tho lenty I 1 I 1 afta 1 l annual anga convention fiat of the ameil an rank ersel association was called I 1 order ln in the t 11 auditorium ot of tile the I 1 I 1 built today 19 t h r 0 rf fco ikmet cc I 1 a ill h pr ably obad ay tile the 1 largest argest attendance b of tile the organization ben bei in tile history 0 i ian td and hundred visit all sections section N ing bankers rt of tile the country more re prea present the I 1 mount ot of splint pital represented in round chita umbers Is the me president mr george I 1 II 11 I 1 russell lessen I 1 0 of I 1 detroit delivered bli annual ad i tired lie said aid 1 it part parr jn 1 the past yean ye ra there has been a largo relative increase a in fit tile 11 number abr of banis ll 11 and consequently greater competition in the file banking bit blivess sl ivess a decrease of 0 tully fully M per cent nt lei discount la 13 nt rates much better elliel e are 1 1 given the depositor d gulf and tile the old ex cx cleanie and collection charges charees ate well 1 nigh abolished there Is much larger capital invested and mull equable 1 in banking more work and isiora iSi more legs return and l a 1 lie 1 boke ko 0 of the grouling vall once of tit guiney centers oil y the pat of the south w and tile west e anti an i coreed hat the Iu business of 0 the ilia country vis veas bed ng done on a 1 I a cash basis WIPED OFF THU THE CA LANDEn lie he paid mid the annual and 1 amial annual filing da s of oc the older states fire are not upon the alerv dar tile llie lobar omir llna his hl mathin the iho dib dl count of 0 liver and the country merchant having learned the lin buys more carefully caie tully anti ana pays lays J dill and so bu bushless paper la is mutely Is appearing danlia invent in i 11 ther good securities abich under the f now MIT demand appreciate in III value indr ind r this process and the glowing in owing malah viv alth ot of our nation na lion high clyade ne fee ci cerilles rilles u hlll III be absorbed and the banks will ill levid their ald aid to tile the development of other and trade bilth all all I 1 nations already aari aily we am aio purchasing the bonds bonda ot of foretell foreign countries FINANCIAL ANCIAL rin or OF WEST 1 I haie giai c referred rf erred to the growing ralth stealth and financial independence of 0 the itt south and west I 1 can best b bl icye you TOU in an instance by citing statistics bics from rom kiyon my own slate of 0 nelch illch aro eAsl to me the I 1 tar ear ending june 80 IMS in fix the one hundred and eighty alive state stale banki national banks and three fiust companies of oc michigan there was nil in the total depo of 0 2000 I 1 amz or of this amount 13 3 77 wits in n gal melni ing january 1 1809 1819 ahre aas a joint deposit in the itee banim of ali duag lit 1 I 15 and on gilt july 1 lk itt there mas a attal of 0 P inning a gain for the fit filst FIX numbs of this bear car of 0 over Dr that thai this thin propel lionato I 1 ln ihira r ast may obtain throughout ghoul the ille peal ere it states ot of the west INTER HATUS no do ou oil mondor condor the alien it that this year I 1 in taj probably for tak future ne lie curt CHII imedla our ci cs ops n it ald aid brorn ibern the groat gibney aey con conteas teis and thai bat for to the past two tit a months fates halt half been actually lower loiter in central and for ar western welter 1 I c itil 4 than jn jet ht aty tv york rork city I 1 bat halo a no bory theory a ot f currency reform 0 to propose I 1 trust trum th that at th the c ballon of fit the Cong it for pul purpose A ft ill doare bo unequivocally in favor of C the paid flu still ar rd IM and reconcile the dlf r ce r ill mis tn and tuch e biform as aill c a amend to lo 10 tile the milled of thin AS ta and nation vire ON iw order or of ahr day ay anti anil lei in trany many in it bould be b pliable to eon con I 1 Oli datO ilan lanoi nh eliere ere tile the smaller harks c an not une ue their de neils lah kith purely to lo their depo Itol al r 1 to io tile nic at stockholders OC kh adlor wim tile cost col 0 f wo we live looked ellb acalin upon tile for mail atana on of industrial combinations f or nr 1 mm tern rut t DO BO ballod ate and yet miny many of 0 anaa aimed hill ili re rc h us ti and by economical 1 id I enli In lI an grill d it 11 of 0 tho the cost M of oo 00 illner to tile consumer con Gumer may fente foreign alro to t ti I ade de e cy 1 expand ou r home ho anti SECILIE TS I 1 rei secretary ry jurne n r branch then his fail MI annual al rep report art in n part it bran the 0 clairon nelch w was ns 11 started 1 l to nI n induce the gov go v ent to t JUD tia 0 s1 sa naver ceased wl t to openly for vork bilea llly and ana kil banking tile benefit ia feet only iv of 1 I the I 1 eirvie ono 1 but the llie country at and that 11 is thing stands la out t clearly fl Parly the 11 american kwien hankers banker ai inton n tended lation 0 has b what ahat it win to 3 ba n URY for of 0 banks 11 lend inkers bankers and an e exponent of the HIM alms highet and t a popeR ot of the world orad tod T banking triumph ay long lac ainee w an t hachat hl wh chat t one front t rm tile clata elation time 11 there greiten d the llie aado sea lise if not t or it 1 hall I 1 its actual e ex X haqq anti ari 1 l looks i a afi ot nearly learly 1 1 f arvard orward rv ard dence racael raca anti nl iiii coal i to a still largo larker of f it 8 aho ill a la WW f ell 1115 morn bern rr whose aal and a d r agate t profits 1 I ell I 1 tie anai it 1311 lot dol del 1 I Is 1 ta kotul VW WW 1 lao 0 5 1 of 0 JUL la M moro than ana the as kerveros fer do rb members thee not include 1 1 the ot af a 2 2 ano and rate bank members ars u ho aro are perla antii dawm od d make no bbate I 1 ill E arr assiter SAYS S 11 of gf 0 the o treasur furce cr Ge geokeo CI I 1 it t showed ms 1 cadoo ea mall w presented Pent fd I 1 total i I 1 lini 1 b batan 23 come tm for the th yi year of c c 11 hand 1111 sa alter the th attee It 1 tee alvah Alta altair report Wr 0 I 1 tile auditing corn coma T OA i h bridge af pf the tad read the c ro chich a nil per acut ive c re b reduced or of dilong ui long wre were ln jn tile of the 1 a protective Protect ivo as n commit tork rk of prevented sall detec ll it showed that at the jv tolian to lihn it anti convicting bank ro an t ll 11 h great S ilan sand year dwin durent the he cinat UNIFORM I 1 report part chairman chi y at tho frank 71 w LAWS tracey read rad r ad alio llio ill 0 loop i it II corn on n konn an tie n 0 M in bial t adf a allows failon R ratio committee 11 has bad anany y tie eug A to la lots lt it should hould favor adur 13 I 1 in 1 w of the I 1 it trying amk ark lt it engaged eab d to 1 I 1 0 1 the or tie floach uniform lava jails I 1 rent int st K ate gumenn ru menn in tho the dir fir that it it I 1 tu arnod me ta billed to lc be so great lot n ill down nil 1 theno a ought many of 0 them lh valuable tiute were 9 0 our very V larne first duty y is to get tho aloo aaby an we have 11 1 our r credit ciraula 1 giuli i iuli h hn a in oil t r eu arency rr ency there wt teU 0 o state cpr P lives aller in rules I 1 of an n a ba banker viker line tie de 1416 karoun of lav ing how n treat a certain kind of if paper 10 per jn ili hla his daily busin oms ric ile to lilt for fee adlee nd ice ille at attorney tarney advised him that thai live hie lie elsion ot of t the 1 IC supreme ouris of f thirteen mat e 9 1 etere e ie so ao no BO the it banker I 1 1 or aim hvidt well that II if I 1 mill handle le talu paper lei in that nay ay the nl at bolney haiti no for the iha Sup ionic conits or of states ind and ile alif su ili prove i 1 ot of the slavca has biag dec ic 13 3 junt U t ill iho opposite 1 GUITY IN is with the law of commercial pirt pcr in ill such a jumble how are arc me e larnen to safely conduct out our bu business aless lurge sums of mony money aro involved ievoli ed ovely day in much anil and were fee not the of the lh united states trion of 0 such large falth faith in III tile hie of their ller atry little business could bo be done clone tho the law jan hoo homeier eier is in maile made riot not so BO duji 01 for inon of intel arity as aa t 10 0 co catch ell ras rascals als it and ilien d there jhc thc re arpenig arcenis coast ily adiong the of it a bankin bank s scicli 1 I 1 jill one anti ami for him vc lie must it have av e leg lue g wo WC need not repeat the iho hla his toe hiir 3 of our bill for negotiable instas it was sired elred in england and has hid h id d eighteen ca eara a of op oration the groult business men of 0 angland JUp gluud approve it 11 so unfelt so pr that they have had it enacted in all their colonies the american bar association in I 1 in n is 9 presented a revision vinion re of thi 1 bill adapted to american ideas it firnin 0 met illet tit til approval of tho the business men or of ahr th country and 5 3 our coa attell in was uns entrusted v with IT the th task of oc it to the differ cut ciu arv tobx legislatures for their approval WORK LEGISLA legislators TOTIS when we ire commenced com minced our ork ark wo we found iha flit law hid hall been enacted lei in four states slates new connecticut colo zado and flotilda Fl oilda in but few of the legislature were in Bc buslon slon wo we walked v jill ith five states 14 maryland aryland a and led virginia passed tile the bi bill omo ohio and georgia cheated oc cited corn al hufh moll wo we think will depoi t m favorably lavor ably this coming winter minter thin year many legislatures met we e got a housing jn in most of them and lie in tho the main were successful ful we vc passed the bill lei in eight states slates anti anil in the district of columbia Colum hla more than doubling the num number berof of states enacting the hie ingv th alip following states tire nrc now boiking woi kins andor the law new york virginia florida wisconsin north dakota connecticut ZI mio ar title land J north carolina Ten tennesee washing wash inston colorado bode inland fiah oregon and the Di of columbia One third of the states stales have been concu conquered cred in dillice illice acis the tc ie mainar can easily be ba conquered in live ve yours years more as tho the antum given by getting each quickens quick cna the movement in every other state slate I 1 indred U the project which was pronounced chime chimerical by many three tareo cars cara ago and entirely it too ce a utopian for or success now begins to the condition of actuality and in a few more the bankets and business moll men 0 it tile the country iiii probably see commercial paper passing state stale lines linen an aa freely and with fill as little friction a the notional trency cu now new does doea the whole civilized voiad will then probably enjoy one universal law laur so that whether wo lie deal lei in commercial paper in now new york in san francisco in london in living kong in manila in llono honolulu lulu or lei in Ile trana we will have the same rula all it man decided to defer the presenta thin of reports at 0 the education or credits e d its nihility nili lity insurance and warehouse receipts and bills of if lading until tomorrow the convention three adjourned until tomorrow at 11 |
