The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1878-01-16
BANKS VS.. BREAD.


We have heard much in our day of the
impending crisis, but now we have crisis
upon the country. The eastern banks are
against the people, and the people have
duty to perform, from which they can not
shrink. We are informed that the bankers
of New York and Boston have held a meet
ing. Philadelphia had representatives.
Leading trust companies and insurance COM
panies took part in the proceedings. Such is
the report of the New York Tribune.
The great purpose of these bankers and
insurance presidents was to defeat the
BLAND bill'' IN the senate of the United
States. The opposition is formidable. The
meeting took place in New York last week
1t was largely attended, and the New York
papers give the following list OF swell known
bankers who were in attendance, viz:
Charles NJ. Fry, president of the bank Of New
York; William L. Jenkins, president OF the
bank of America; J. ID. Nermi We, president OF
president OF the Phoenix National bank; Ben
iamin Il. Sherman, president of the Mechanics
National bank; George 5. Coe, president of the
American Exchange National bank; +. ID.
Tappen, president of the Gallatin National
bank: James NJ. Morrison, Manhattan; VIII
liam A. Thomson, Merchants Exchange; Den
ton Pearsau, Butchers and Drovers'; George
Montague, Seventh Ward: William Dowd, bank
OF North America; Charles +. Hunter, Peo-
pies; James L. Woodward, Hanover; John l..
Jewett, Irving; 5. r. Comstock, Citizens;
Francis NJ. Harris, Nassau; Robert Bayles,
Market; A.Y. Stout, Shoe and Leather;. Joseph
Pool, Manufacturer and Merchants; George
F. Baker, First National; II. II. Nazro Ninth
National; Henry ROchon, German-Amerlcan;
turers'; Richard Berry, Trsdesmen's;
Isaac Odell, Mercantile; r. Buck, Pa
cine; X; Il; IL, Lowry, bank OF the Republic;
Metropolitan: A. ID. Randolph, Continental;
w. A. Hall, Oriental; Sidney Green, Marine;
J. l.. Worth, Park; L. Chandler, Mechanics
banking association; S. B. White, Grocers';
Charles Jenkins, East River IL; DeGrsaf,
BBowery NsIl 1'Ts r. Leland and, New York
Bank of the Metropolis; John L. TOWNSEND,
Bowery Savings; William III. Macy, Seamen's
Savings; H. ni L; Hognet, En- grant Industrial
Brooklyn savings; John 4. Stewart,
ing, Central Trust company; +. S. Winston,
Mutual Life insurance company; II. Wesen-
o. French, Proyident Savings Life assurance
society; Franklin Haven, Merchants Nation
al bank of Boston: John Cummings, Shawmut
rick National bank of Boston; w. H Rhawn,
bank of the Republic Of PhiIadel phia; ex-Sec-
rotary Hugh McCullocn, A. A. Low and Will
lam g. Langley.
1t will be seen that the list is formidable.
These men have money, and we conclude
they are determined upon using it to crush
the people Of the west AS sure as hell is
hot they will employ their capital to defeat
their will. They will use it to reverse the
vote of the peoples representatives in
congress. They have purchased Hayes,
the crime cursed president, and
pledged him for veto. They Will
work upon senators aud debauch them if
possible. There Is no mistaking the pur-
pose of the New York meeting. Its
programme is bold, defiant, cruel and
aggressive Mr.. Dowd told his fellow bank
ers that it gave him "great satisfaction to
see so many representatives of financial
institutions present" and declared that
protest should be made on their part
against imposing upon the financial and
other industries of the country this attenu-
'ated and ghostly shape called dollar. l
do believe" said Dowd, that this thing, if
| properly handled, can be put upon the
country, for certainly you, gentlemen, who
represent savings banks and trust and in
| 'surance companies, will be opposed to
reduction of your assets to the extent of
10 per cent. by violent legislation. 1t is of
quite as much importance for the laboring
man not to have the purchase price of a
days labor reduced or 10 per cent, as that
purchase price will be reduced if this bill is
passed" And then come all sorts of talk
against the "Bland BILL" and against the
dollar of 4121& grains, which was the
dollar that the government contracted
| to pay when its bonds were issued,
and which, by the infamous decentralization
act, was dethroned. Already the west has
been threatened by eastern capitalists, and
now the banks take the matter in hand
The following resolutions were passed at the
| New York meeting:
Resolved, That committee be appointed,
to consist of five bank officers from New York,
l three each from Boston, Baltimore and Phila-
delphia. together with three merchants and
| representatives from the trust and insurance
companies, and with such Others as from time
| 10 time may be then added, the duty Of which
committee shall be-
First--To memoralize congress against the
| passage OF the pending silver bill, and to petit
ton that any enactment authorizing the COIN
age of silver as money except for change. shall
| regulate the value thereof by its bullion con-
tents.
Second--To communicate with the several
banks and other institutions here represented,
and through the several clearing house asso-
Citations OF the country TO their respective
members inviting and requesting all finan-
cial institutions 10 join In such memorial