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Show L COUNTRY BANKERS CONDEMN S BANKING 8Y8TEM PROPOSED Boston, Mass., Oct. u Opposition 'o certain features of tho Glhss bill, which provides for n reform In tho national currency and banking system as voiced nt a special conference today of over 700 country bankors at-ending at-ending tho thirty-ninth annual conation con-ation of the American nhnkors as--oclatlon. That a now banking sys m was needed was admitted, and tho Imlnlstratlon was commended for "-ring to pass one. In resolutions adopted almost unanimously, unan-imously, these bankers, who claim to represent about 75 per cent of nil of the banks In tho United States, do. dared thst unless tho Glass hill c federal reserve act ij amended along lines proposed by them today very few country banks, either state or national, na-tional, can afford to becorno members of tho now federal system. This means tho declarations assert that tho great majority of country national banks must surrender their charter or retire from business. Dy country bnnks, it was explained' In tho call for the conference was meant banks operating under either state or national charters whoso capital cap-ital Is not less than 125,000 nor more than 1250,000. Resolutions offered by George W. Rogers of Little Hock, Ark., were adopted as it substitute for thoso presented pre-sented by Thomas E. Mcllao of Pres-cott, Pres-cott, Cal., calling for an Indorsement of tho fundamental principles of the currency bill. Tho resolutions object, ob-ject, among other things to the segregation segre-gation of savings deposits, tho setting aside of separate capital and tho creation cre-ation of two banks under the samo management and under ono roof. Tho exchange and savings sections of th0 bill, tho resolutions add would mako most of the country banks show net operating losses. |