New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-08-07
sAEKERS AT SARATOGA.
THE sUBJRCTs TO BE CoEsIDERED-DRFALcAHoE
FAILURES, CLEARINGHOUSE AND TAXATION
AMONG THEM.

THE sUBJgCTs TO BE OBSERVATION-DISCLOSURES
FAuuRFs. CLEARINGHOUSE AND TAXATION
AMONG THEM.
lFRoM SPECIAL CORRESPONDENT OF TIRE TRIBUNE
SARATOGA, N. Y, Aug. 6.-The bankers
convention wall meet here tomorrow at IL o'clock and
hold one session day for three days. No arrange
ens have been made for long addresses by prominent
speakers and there Is desire to attract public atten
ton 10 any special extent In previous years the bank
ers have discussed the great financial questions which
ranked first In importance to the whole country This
year they will consider topics some OF which are OF
general interest and moment but which pertain first
OF all 10 the AFFAIRS OF the banks themselves Among tho
themes which will be considered the many recent
bauk defacatons and what action should be taken TO
preyeut them in the future the clearing system
and the best methods OF clearing; the effects upon the
banks OF the great number OF failures this year and tie
consequent sinking OF capital; the manner in which
the preparations for specie payments affecting the
banks; the taxation Of the banks which II Is claimed Is
excessive.
In regard to clearinghouse Il may be said that there
are more than twenty this oOuntra greater number
than In Engand-and the possibility Of any improve
ment IN clearing methods is subject OF great import
ance TO tho banks Concerning taxation 1t is proposed
10 show that the banks taxed here more heavily
than In any other country present to the atten
ton Of Congress the nudicous and unfair character OF
some OF this taxation which brings in ltllo revenue and
does much injury TO business. The profits OF the banks
are 40 small now it ia claimed, that they cannot bear
these excessive burdens.
This association represents the interests OF national
and state banks and private BANKERS all over the
fry and lis membership Is very large. The Hon.
Charles b. Hail. of the Boston National BgnE. ~ pres-
dent and Mr. Buell. OF New-YOrk, president OF the In
Iorters and Traders Bank Is secretary the assistant
sseeretary Is DR.. George MaIsland. Several hundred
Joembers OF the association viii be IN Saratoga this
week though only part Of them may be- present at
single session. Much Of what rs proposed to do Will 30
accompished in private meetings Of committees and In
informal conferences among MEMBERS that the public
sessious will eOny fraction OF cue work Of the cOuyen
ton. =, -, -,
noticed In Saratoga the President Mr.. Hall Edward
Tyer OF the Suffolk National Bank, Dudley Bailey and
american Exchange Bank, James NJ Morrison. OF the
Manhattan Company, George Baker, OF the FIRST Ma
tional Bank, Richard Berry, OF the Ifadesmens, Sam
mel COnOYer Of the Produce Isaac sherman and George
X sstsre and Dr. George Matsland. all 81 Eew-1Ofk;
II ID Hayes Of Detroit; ID. ]. Falls, OF CINCINNATI II.
m Camp Of Milwaukee; j, W. lockwood, OF Rich
1nond. i0gan g. Murray Of Louisville: A. III. Moss,
of eandusy; General EchOls Of Stanton, Virginia tie
Hon George Walker; T. b. JudsOn, OF Syracuse, l.. J.
Gage Of Chicago, Morton McAhchael j., OF Phiiadel-
Tas Executive Committee Of tho Association met
today and received the reports Of the Auditing Commit
Zee and various subcommittee, and arranged the plan
of work FOR the convention. Hugh McCu0eh ana DAVID
A. Wells will take part, By invitation. There VIII DC
three addresses tomorrow as folOHsi nara limes
and Currency" by j. d. Hayes, OF Detroti Subsidiary
SILVER Coinage" by o. g. Hale, OF KeOkuk. Iowa. ana
Tho National Backing system ae Compared with tine
state Baukng system and the systemB OF 0ther Coun
tries" by the Hon. George Walker.