New-York tribune., 1876-10-04
BANKERS' CONVENTION.

A PLAN OF ASSOCIATION REPORTED
THE NEED OF CONGRESSIONAL ACTION STATED
PLAN or THE CONSTITUTION AND oBJECIs OF
THE ASSOCIATION.
[FRoa 4 STAFF CORRESPONDENT OF TiE TRIBUNEl
PuILApELPmA, Oct. 3.-The Bankers Com
vent OH held it first 'etng In the Judges PavIio al
noon today About leading bank presidents ana OH
GERS were present Many Others were IN TIE cy' p"'
had not been informed OF the place or hour o nteuhg
Mr. Chas b. Hall of Boston temporary chairman III
calling order said that the present convention was au
adjourned one from that held Saratoga thu Summer
Of 1870 At that convention resolutions were passed
favuring an early return to specie pa mcnts, touching
the taxation of baIAs, and relating Ia the apo-
lon Of the two cent stamp tax on ohecAH
Since that convention, Mr. Han said some
measures had been taken in relation to taxation
of banks An executive committee had, III April last an
interview with the Ways and Means Committee OF the
House o Representatives.. Mr.. Hall said that no action
hac been taken by Congress hut none had been expected
sc ast session being held for political purposes aud
not legislation beneficial 10 tie people or for tie Tehet
OF business, Mr.. 4ll closed by saving that he hoped
tine present convention would rctirm the resolutions
passed at Saratoga. anI especially demand the abolition
Of the deposits and capital, leaving tat ON e'-
laiion show necessary such loEl- atom H. ne
said that in AIr last 200 Natl nal banks had already
wound up their airs, and 400 oth - hd SURRENDERED
their circulation, many OF turm preparatory 10 c'o,nr
up their accounts, To, bc.us cheh caused by the hcAy
taxes imposed upon banks.
Mr James Buell. OF The New York Importers and Tru.-
ers Ils chairman Of q committee Of uirc appo td @
yeag aco. reported draft of constitution ioi an Amrr-
can bauaer.' a.. ,,1tipA which hid bc'I prepared hl
the committee. Ia tine course of remarks on present
ing Size docuncui hc said;
fl s hoped 4uI hcct, that this permanent orEtufI
tiDu OF the utuk us interest ua' t' productive oi i
good. uoi only go business AMI social poui q" Nir" "e'
by c&ctu- among uur fraternity -u' AN "fff rh e''
a gained Iur ututr great Interests u} u--oriluh h
utiiodru cuuy,nfin.s The banks hni binAri-. hl-
though presenting on" of uc Fcl largest Interests 90
tu. county, nave utucr,o hai 900 general orttu '-
uon. r1 gcu.tu cU'vcnti"ns ln "mrn l al,r"'
s.h'ct- wEic rltc io tA'ir interest or f'''H arc ~
be- |,ut i0 fhc fu"ic a.. barge -"th '"n'' IONS
aud I-rI-e"n- 10 % NOT c' h'', YEA .h . u-'' ' %
row cii,s mi,tsi lrnl q" t'-"u '"' ~ % @
Views pl luf- .d uI t4y CON tn'iF We -htl l't 10
to IcD-uLr more distinctly That th' r -p,r} 'i ore '-
d'p'uirAi "h 10 F"-'tii'5 "i '., ut,. '. '' 49,
removes al icltuI oi monopoly trum oIF uhtch 7'r
trui AND % -i.tId br followed by tue removal 81 ai
icatur Of olpr.-a"n' Hneh at ici-t 49, ln9 'nn'u'
taxation vita Nu.,u Wc are now nit .th'l' ,l' M"t
tx sA,a s b..n iaarn 90 rom rom '" o'"'i '"''' ' '''
IIr % Cc--Ity IcUrt D. uu upon ~ We mus GET
SUIT ana Nlond taxes c-.'r''.ly ~ times lI"' i"'''
from ,o lO per cent Icr annuu upon ''pliii ~ 'h
nav upIg.- many to do. let the public once ot
made aw.re tIat a ;hc taxes levied upon our ban"s ~
necessity Dee again ctl'd upon thr persons Whu do uu,-
,u tAr b4nhs, 'l.t Is upon Tie r'ro"p npu h'
tLr ltbuiilL ai poorer ,-.r-Wsi tu,-e facts tecnf
n1,d. ieOPr wouii soon demand cIrai taxation Tor
lhc constitution reported provides f'r forming an
Amen, 10 EiIh,g Association o. promote tAr general
welfare, sccuis uHouuiy OF action and s'cie proper
considerations OF questions 10 banking. All National,
Slate aud SAVINGS banks and tru,t companies are 10 o.
eligible 10 membership tine payment ot TO. The OH
Gers are 10 be president vice president for each state
an executive council of nine, sccretry, "uI treasurer
Questions for discussion must bs submitted TO the council
thirty days before general e.ins'.
mir spuldiu OF BGllo moved that 'hc proposed con
sututon and by Iaws bc printed and referred To c'n
nce Of i've with instructions to report at the opening
OF the rcsaion to-uorfow morning. he resolution war
agreed 10. The chair appointed a. this committed
Mc-srs Buell. Of NeHYoIa, Rollins oi Philadelphia fo-
ter of Salem. Harrison OF Cincinnati, and Murray ol
Louisville Inr cuutthtiru tl.I adjourned uut tu-n"l
row. at 100 o. M, t.e Hon. Hugh MrIulI"ch VIII
deliver :t!i addicas iu horticultural Htlt ErOsdat