Show AMERICAN A BANKERS ASSOCIATION Last Pay Day of i Session Devoted to lo Discussion of Currency of ol Country Co Abolition of Sub Treasury Advocated by Ex IX J Comptroller of ol Currency Curr ncy Eckels Milwaukee Ms I Oct 17 The closing cosing days doys session of the American Hankers association l convention was WI devoted to toa toa toa a continuation of the discussion of ot practical banking questions 1 I P C 0 Kauf Kaufman man mali of Tacoma Washington spoke on the tho Financial anti and Commercial Future of ot the tho Pacific Coast Mr Mg Walter D U Coles of ot St Louts Louis Lul spoke on Oi The Timo Federal Law Lw saying In part The Time present bankrupt law li unquestionably embodies many of tho the eaten essen essential tal provisions necessary to a n sound Hound and efficient Insolvency system It I would be befar beCar befar far Car better however to consider It as astree tree free front from frol defects A bill bi reported favorably to Congress at the tho last session ho he sold said would It If I enacted ivo relief against the present unjust provisions of oC the act nt concerning the Iho surrender of partial payments and would also nIso throw additional safeguards around tho granting of discharges This bill bi would be pressed fur tur consideration ton at nt time the n of Congress James Jomes l of Chicago former forer comptroller of time the currency spoke on Assets Currency Ho Ito HI said he lie had hind read rend tho the papers delivered del 1 rd by hy A D 13 and Sir Mr r Gage Oage yesterday Roth Iloth oth were thoughtful In suggestion and may maywell maywell well wel be bo considered by the th association Ho lie 10 agreed with Secy See Cage Onge that the financial system not nol reached that point of development where n a I people of at atso so much progress 88 HO so much energy and force as the people of ot the United States have a 0 right to export that It should He lie le would like to see ace legal tenders of oC the government retired as there thero Is II al at always Il ways a n possibility of oC their reIssue In Inn Inn Ina n a form f rm that will wi be bc detrimental detrimental to the time country He Would like to see ace the abolishment of at the Ule lie ot or the tle country It I stands as nR a menace to the tho trade and commerce of the country be because because cause It locks up the money monay The sub treasury should be conducted ns as iS Is II the tho business of ot a 0 private prim I Individual or large corporation He Ho would restrict revenue where the credit of time the country could be lie maintained Ho believed in great greatbanks grat greatbanks banks and n a branch system of bank We have an In administration that com corn commands mands the Iho confidence of the people veople and admiration of tho ha world and there ID Is IHno no rio reason why ve x c might not well veli wel din dis discuss cuts cuss with every eVer public ques question queston question tion ton At the time conclusion concision of ot Mr Jr Eckels speech the list of officers as os reported by the nominations committee was elected ns as follows President Myron T Herrick Cleve Cleveland Cleveland land vice president Hardy Hard Norfolk Yn Vu chairman of ot executive council counci Frank G O Milwaukee treasurer cago George M I Reynolds Chi Chicago Chicago Chicago I New Ne members executive council Ralph Van Vechten Iowa J J Sulli Bui van Ohio John L I Hamilton Illinois Janes B n Pennsylvania Frank a O Wisconsin E F Sweeney Missouri MI F H 1 Fries North Carolina J 3 M ill Donald New York P PC 1 PC C Knuffman Washington W G a Mather Cleveland Ohio The new executive council counci will wi elect time the secretary probably James n II DBr Branch Br Prest Frost Trowbridge on retiring was presented with wih a n beautiful silver punch punchbowl punchbowl punchbowl bowl by tho the members of at the tho finn lon J B Davis Dat of Georgia Introduced the following resolution which was W referred to the executive council counci Whereas the bankrupt act has ha had tIme to tho purpose Intended In lend Id by Congress to give relief to the honest oppressed debtor and Whereas Its Is further operation will wi entail loss Ins IO 1 upon both the time creditor and debtor class anti and the public by bt reducIng r lines lince lne of or credit restricting bud busi business bUil ness fleas neRI thereby checking the wonderful development of ot the tho country promised through gh right conditions therefore be beI I Resolved that lint this convention through the time executive council councI counci of 01 the tho Hankers flankers association Congress to repeal the thc bank bankruptcy tow 11 The following memorial on the death of President McKinley was presented by tIme the committee appointed by Prest President dent TrowbrIdge and was WI adopted by bya a rising vote otel IN MEMORIAl We vp time the members of at the American flankers Bankers associations arc saddened by bytho b bythe tho the death of at our honored chief executive ex cU live tive William McKinley His file Hs fame rests securely In the tho nation that ho loved and helped to save eave We acknowledge to the fullest to our obligation to his memory and desire to put on 01 record this simple testimony to his high character and anti pure life MOst C st deeply do we sympathize with wit Mrs McKinley and his family who have havo sustained BO so much greater goter ions losa anti and may mn this In some Bome small degree degre tee tes testify tel love and for tor him and ty to our respect r ond our sorrow for tor his death deth P 1 C KAUFFMAN MYRON T Signed J 3 n 8 MULVANE C A J T W WHITING Committee Col Powers rower moved n a continuance of the he committee on Internal revenue tax tx titian Referred aton Tho Time place for holding the next con can convention convention enton will wi bo e 0 chosen by the tho executive tive council counci at Dt a 0 meeting In New York ork next April Apri Adjourned sine Iu die dlo |