New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-07-22

PROMINENT BANKERS LITTLE SHY OF THE CON-
vENuoN-THE DELEGATES FROM rHE SMALLER
CITIES MOsTLY-AN ASSESSMENT OF SO ALL
AROUND-PERMANENT ORGANIZATION TO BE
EFFECTED.
IFRoNA STAFF CORRESPONDENT OF THE TRIBUNE.l
SARATOGA, July 21.-The register of the
Bankers Convention contains 81 names, but not more
than $50 are 10 be founi in attendance at any time
Some of the prominent bankers whose
the list have not in fact been in attendance at ALL and
appear on the list solely because they happened to be
spending the Summer here Among Others IL may he
mentioned as illustrating apparent lack Of interest in
the movement, that WIN. NJ Vermllye, Morton Ne
Michael George f. Baker, and others OF like prominence
in banking circles take 10 active part in the Con-
vention, IT, indeed they attend its sessions at ALL
James Buel ana A. W. Sherman are the
only New-YOIk City bankers who are actively
engaged i'll the effort to form a permanent
organization OF bankers TO influence future legislation
the main purpose of the present Convention. II is n
Convention of country bankers rather than Of National
banks, and the fattcrng remark by enthusiastic del
egate the West, that the Convention repre-
scented the wealth OF the country, and ought not to ud
deIly hagge about assessment OF so 10 pay expenses,
was received with many ncledulous smiles and sgnid
cant wnks by the few bankers from the larger cities
Many large cities of various States and sections
represented; while the delegations from Chicago, st.
Louis Cincinnati, NewOreans Philadelphia, and Boston
are claimed to he representative of the bankers
in those cities IL Is perfectly respectable and we'll
behaved Convention in which a conservative element
prevails but is not yet representative in character
authorized TO speak for banking men. permanent
organization wiz doubtless be formed, and with it "a
nucleus, powerful combination may eventually be
formed which may properly influence National egsla-
ton and inform future Secretaries and Treasures of the
nation TO the proper policy Of dealing with the banks
and distributing the currency AT present II Is not cal
culated to affect finances materially.
The resolutions presented this morning after much di
ges last night, brief and conservative enough.
The first was in favor Of return to specie payments,
effort to indicate the manner and time iii which
this desired end 10 be attained failed The resOu-
ton gave occasion for the delivery Of two three set
speeches. by Mr. Buell. Mr. McGrew and others. who had
carefully prepared them but there little mpromptu
discussion and the speeches did not have particular
application the resolution under consideration They
related to financial matters generally, and contained
nothing new unfamiliar in the shape OF financial the
orcs. Mr.. Buells speech rambling discourse
upon the beauties and benefits Of expansive currency
and the necessity OF returning TO payments very
gradually indeed. Mr.. hebrews speech a collection
Of confusing statistics without very clear application 10
any well defined theory argument Very little atten-
ton paid 10 these addresses probably because the
audience composed wholly OF bankers arguments which
each had repeatedly made 10 his neighbor.
The dssio Of the other resolutions. declaring that
the war tax on deposits aud the twO-cent stamp tax
ought 10 be abolished did not command more than mo
menary interest when the resolutions were READ Ior
adopron 1t was only when the subject OF future actc
and permanent organization came up that general and
i've, utcrcsc was manifested. There was q decided
nsaton when II was announced that the expenses OF
calling and holding the convention had reached *2ooo
and that it was necessary to assess each member sio