The New York herald., 1877-09-10
THE BANKERS CONVENTION.
Over Six Thousand Banks To Be
Represented.
QUESTIONS TO BE DISCUSSED
Resumption Of Specie Paynsnts-Ihs Silver Quts-
t9n-OPpIsssive Bank Iaatla

Wednesday morning, at Association Hail. Fourth
enuo and Twenty third street. The convention will
last three days. aud there will bs two sessions each
day. the morning session beginning at eleven o'clock
and The evening session al eight O'Clock The Aincr
Bankers Association extends throughout the coun
try, representing ib2 hanks and In every has
q vice rrssident. Most OF these vice presidents and
perhaps all OF them, will tomorrow evening at
the Windsor ho,el where the programme Tor the Con-
venton will be completed. The committee OF arrange.
ments, during their protracsed meeting on Saturday
at the American Exchange Bank, nearly dnshed plan
Mug tho main features OF the Convention.
There havo already been three national conventions
of bankers similar 10 the 10 be held in this
city The first hold IN 1864, but under different
name from that given tho association. IL was then
called tho National Banking Association. In 1875 The
second convention was held at Saratoga. Last year
| tho bankers met in convention at Philadelphia in
judges Hall Oh tho Centennial, Exposition grounds
aud effected permanent organization adopting
st,uion and bylaws, and elccting the following on
! GERS for 1s76-T--
rng ovfIcRns
| iresident--lIon Charles d. Hall Boston National
| Bank, Boston, Mass.
Erccutlrc Copncii-Georeo $. Coo. President Ameri-
can Exchange National Bank ofNow orl Jamcs Buell..
President Importers and Traders, National Bank OF
New York Thomas Coleman, President First National
hank OF Troy, NJ Y; Morton McMiohae!, Jr., Cashier
First National Bank Of Pnilsdelph.a Pa. $. Norris,
President FIRST National Bank Of baltimore Nd.
Edward Tyler, Cashier Suffolk National Bank Of lios
,on Mass. J. ". Lockwood Cashier National Bank Of
Virginia, Richmond; j. u. Hayes Vice President Mer-
chants ana Manu- scturcrs' Bank OF Detroit, Mich;
h. j. Cage. Cashier First National Bank oil Chicago, ILL.,
Secretary James Buell.. President Importers aud
Traders National Bank New York.
TreasWer--Gcorge +. Baker, Cashier FIRST National
Bank, Now York.
PC. Presidepts-Alabama, William Il. Pratt, Presi-
dent Bank OF Mobile, Mobile; Arkansas. -- Dueli
Latham President London aud San Francisco Bank
San Francisco; Colorado, [. b. lamborn, President
stock Growers National Bank, Pueblo; Connecticut,
| j. b. Loomis, President First Natonpi Bank, New
London; Delaware, Edward Belts President Firs. Ma
tional Bank. Wilmington; District of Columbia. John
! Htz, President German american Savings Bank,
| Washington; Florida, James NJ. Shoemaker, CASHIER
! First National Bank, Jacksonville; Georgia, W. H.
Tuiler Cashier Atlanta National Bank, Atlanta; Ilii-
nois, G. b. Blair, President Merchants Natonal
Bank, Chicago; indiana. r. A. ". Davis, Cashier In
diana Banking Company Of indianapolis; Iowa, $. q.
Bever, President CITY National Bank, Cedar Rapids;
| Kansas, John X. Mnlvanc Cashier Topeka Banking
aud Savings Institution. Topeka Kentucky H. G. Mur.
ray, Cashier Kenlucky National Bank, L,uisviIo; Lou
| isiana, A. Lurn, Cashier LOUISIANA National Bank,
New orlesas am Marn" r. Go"1 o Cashier ars
son. President National Bank OF Baltimore Baltimore;
Massachusetts, William H. Foster Cashier Asiatio
President Second National Bank, Detroit; Minnesota,
H. Thompson, President First National Bank, ST. Paul
SON. Missouri, Joseph L. stephens, President Central
Natouai Bauk, Booncvile Nebraska. H. Kountze,
President First National Bank VI Omaha, Omahu; New
Hampshire, Frederic smytho Cashier First National
Bank, Manchester; New Jersey, Samuel II. Pcnnins
N"war New York. jacob T. vcr%e rq pres
dent Merchants National Bank New YORK
North Carolina ! D. Granger, Prss,aeo1 A Bank OF
President Merchants National Bank OF Cincinnati I;
oregon, Henry W; Corbe.t ex-senator United
States and Vcc presdcnt FIRST National Bank, Port.
land; pennsyivanis, Joserh Patterson, Presdcnt
Western National Bank, PA'.a iclphia; Rhode Island,
Psovldcnce; South Carolins. W G. Breese, Cashier
First National Bank, Chareston; Tennessee, IL. 4.
Garth, President German National Bank, Memphis
Texas, III.
Co., Austin; Vermont, Henry 7. Hickok, President
l;sorge NJ. BAN, Jr. President Excnangs National
Bank, Norfolk; West Virginia j. Nelson Vance, prcsl-
Van Slyck, President First National Bank Madison.
MroITAyr QUESTIONS
The Convention which meets on Wednesday Will dis
cuss many questions OF great Importance not only
bankers, but 10 the nation AT large. The heavy and
discriminating" taxation under which tho banks arc
placed will be discussed with to the securing OF
the repeal OF tho present laws. Other questions tt
before tho Convention are thus referred Ia tht
Official call for its asscrabling -"Besdcs this vita
question of tax repeal which necessary for tn,
prosperity Of business and for the very existence o
our banks in many parts OF tho country, there are
other practical subjects TO DO discussed Prominent
among these Is tho unrestricted power to issue mum
cipal county and other bonds, by which heavy bur
dcns OF taxation being i0lstad upon tho people
Thcse burdens heavy that they are
frequent menace to our public crcdi. at hon,
and abroad. Unless some judicous restric
tons eau DO dovIsed to stop these reckless
issues OF bonds the outcry IN favor oil Reputation
Will be oftenor heard IN the future, although IL cv
dent TO any rejecting citizen that the ssuers of such
bonds AFRO the men who should be punished, aud no
tho honest men who have given their money in gooc
faith for thom' The questions OF tho rcmonet
OF silver the resumption OF specie payments the
union OF tho banks Tor tho reunding of the debt viii
be discussed. But the great, the dominant question
before the asscmb age of bankers will be the resump
fInnn M nv N fhNrp
be two distinct parties IN tho Convention and leach
Will have It's say" Dr. Marsland, assistant secretary
OF tho association, said 80 that, although tho Con
vention will be harmonious, ,horc Is likely TO be on
this question warm discussion" Ono of these gred
parties believes IN the wisdom OF Secretary OF tnt
Treasury sherman position, expressing the belief ina
specie resumption may be reached without further cgs
gold is going down, and claim that the country Is adj
vanciDg naturally, and by healthy growth, towart
specie payments 30 that there Is no further nccesst,
for Congress to legsate TO hasten tho movement Th
opposing party think that the country cannot escape
a financial crisis unless somethng further Is done
than is now provided for by law or embraced in Sec
rcary Shermans plan OF resumption.
TuEasILvEE QUESTION.
The second great question before tho Convention
will be that OF reconciliation OF silver lively dis
cusson is likely 10 take place upon this qucs
U the sess!ons Of tho convenscn Mr. GrossDocH
Of Cincinnati, has after repeated invitations
consented to-. speak upon this question. liz
came TO New York from Long Branch Sat urday
last and spent Sunday with his sonln-law at Englc
wood, N. J. Hc is not a member OF tho Amerieal
bankcIs' Associaton, out nb presence Will aud muct
interest to the proceedings OF tho Convention. IL +
expected that tho reading OF his parcr on the silver
question VIII takc up whole morning session. Mr.
Grocsbeck bellevey that without the OF silver IN
some way wo cannot resume specie payments without
another crisis. Under certain conditions, therefore
he wants the government 10 avail Itself Of silver cor
part OF the silver currency oi the country lie how
opposes all imitation by the ssao OF srecabacks OF
other paper money
| LARGE CONTENTION
II expected that the attendance ON tho Convention
will bo very 70 and influential Many Of the por
and addresses will bc by men OF national reputation
Much importance Ia atIcho cd TO tho fact that the Con
| vention asse embles only few weeks before The
convoning OF Congress- Much Of the work o
The Convention Will not be merely utter
|, | apces from AN impulse OF the moment, bu
elaborate carefully prepared papers, like the paper
Mr. Groesbeck, which Is already in tho hands Of tI,
news gatherers. The questions connected with the
cupcration of the business OF the country will call
many able experts and speakers. One OF tho purposes
tho Convention Is to promote tho spirit Of unoI
! among the various members Of our complex banknl
cla lo ha nIia