Coming in a presidential year, the 15th annual Convention of the American Bankers' Association (in Chicago) directed its most earnest attention to politics and to economic problems which have been involved in politics. Its keynotes were an out-and-out defense of the existing capitalistic system and a counterattack on its political foes all along the line. Both addresses and resolutions thus included an unusually wide range of topics: demagogs were attacked, the railroads defended; both the direct primary and the Child Labor Law were condemned; public ownership was assailed; a plea for foreign investments was...
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