New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-12-31
MORE PLAIN TALK BY BANKERS.

PRESIDENT ID. u. HELkMAN.- NtINN'
President B. b. Sherman, of the Mechanics
National Bank who is also NcePresldent o. the Cehu
Trust Company. said on Saturday: 1--WE shall take al
necessary STEPS to protect interests II the SILVER
Bill passes DO not think there viii be votes enough TO
mass il over veto We are loaung no money west eA
cept TO banks"
ROBERT LEMON KENNEDNS OPINION
President Kennedy Of the Bank Of Commerce sa'd
"Idonot think That the silver Bin VIII become Ia" II
a veto j. sent I'm containing strong arguments against H.
III IL should then pass however, ana bnLs ana o'hei
financial institutions insist upon all contracts pcns uue
on gold basis v drive silver out OF the county anu
break the force %. tas evil BIN We have refused some
Western loans principally %, cause we hadnOt the money
10 spare. u Congress passes the SILVER Bld "l DC
clearly an act OF dishonesty, and an persons VIII nave
high authority sor going into the business o. cheating
PRESIDENT wILLIAMs's BELIEF.
Pre,ideu: williams, Of the Metropolitan Bank icit
certain thai tie e,c; o The Silver BIN would be 10 oc
all our bonds Lcme from abroad ana that ID ""u" u
settle values worA Irreparanc injury His bank h'a
not We; taken any act but would act when the enel
cency should arise, the way already indicate" oy
other financial .nsj ..uGous.
PRESIDE, COPPER WAITING.
President Coop Oh, e Chatham National Bank said
that the direct. ,a tt uo definite action as Vet on
the .iiv,r,u 100 ills .,uk did up bns ucss West cN
Gem ,r! b., ... tnc lances vcrc always in favor
Of his hauk I, .dicl; We deal with facts as they
come along and should the silver Bl' become law we
shall doubtless tlso promp, act on
VIEWS OF SYNDICATE MEMBERS.
Ap1rtucr Do p leading banking firm, and member o.
Tie syndicate said TIA he could not believe that Con
ress would pass sucn an .nq itous act as the Ban"
SILVER Bill but Doe was informed 5y Secretary sherman
himself. on saturday. that The bin could command
two-tnlrds vote in the senate. and ho then WIotr
10 his London correspondents that the oil
Xrould certainly Pass. at seems hard he
said "wheu wc are on the very eve Of resuml-
ton and Government bonds selling wcll that this
silver agitation SHOULD arise AMI ~ advantage gained
since the close Of Tie war LOST" eetaed that Chicago
and St Louis had both been refused loans by the Han
cal institutions Of this CITY, except on gold valuation
and tLcy.as wei Is other western cues "ou'u
be compelled - secure aid At home.
Another member % Tho syndicate, WHO Is also com
nccted with prominent banking house, expressed Tie
boiler chat IL trc Bland silver l'l slouc Ioss hJ t""
third, vote silver for tu. would appreciate I'm value"
on account ~ me inability the aiut- to coin il fast
e8ougl t.r use Cod would De bau!,hed from tie
county as all customs dues would be pad
I'm silver G.rcub.chs would decline in yalue
rapidly. After few years, and by tae tin"
when Government bonds would fall due, there
would De- q suIfIt Of s-ycr, DO would decline III
value o,I L. TO 20 per cent below the gold st'ndari
aud thste would Doc corresponding loss to holders of a
classes Of Government securities. ihc West Woud hr
the chief sufferer the moneJ institutions Of tie East
would refu~. loans except on a gold basis
Ii. C. TAUNEsTOCKs COMMENTS.
H. c. FahuestooE, who "a vice-Irc,idcut Of the Fret
National Bank. and who has charge of tie Government
bond d.ptr.mert made the Following statement Of The
fluctuations in 20. -in,lent bones since July:
iuly g. 1877. December 20