New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-08-09
Success of the National Banking System" The clos
ing paragraphs of this paper were as follows:

The National banks have fully esab ished their gem
era usefulness and not only should they be protected
their right circulation but is in the interests of
the people at large that every hndrance 10 the use OF
the bank or to banks prosperity should be removed
The creck stamp small It IS, ~ hindrance 10 the
use OF he bank by large number OF people, "hO uhu
enced by the annoyance occasoned by the OF stamps
more than from any other reason. refrain from keeping
The prosneritv Of the National banks s also seriously
threatened by taxation OF deposits For what reason
should deposits be taxed It Is in the interests OF sOc
ETY. that rnen should be encouraged to deposit their
money IN The bank rather than carry per-
sons keep IL In their nomes Independent OF TN TAX
alton deposits the banks have their full share OF TAX
alton.
But there is murderous cry for bank taxation. Tax
themyes tax them to DEATH" read only short time
ago the declamatory uueranoe OF a loud-rnouthed
demagogue shouting to an audience whose lgnorance
he should have tried TO disspate, but whose preJndces
ne labOred TO arouse Tax them 10 death Tax what TO
death Why the National banks; tue vital power OF
Union when its life was assaed bv re0elou, the un-
DERIVING strata OF National enterprise and TART Ano
ihree-fourhs tho National banks Of Mas
sachusctts Is owned by men and women OF limited Tea
means held by savings banks as security Tor 'he
small earnings OF poor laOOrers VINO are deposUors'
TIP Hardy of Cleveland, read an interesting
paper, giving "reminiscences of banking and bankers
in New-York and the West
The following resolution was adopted;
Resolved That the Executive Council be instructed 70
take all fair to influence Congress TO relieve inc
banks of the excessive Federal taxation AMI so 10
amend the laws that capital invested by rue BANKS III
Government bonds sda be free from local and state
taxation, they when held 10y any other owner
CLOSING PROCEEDINGS.
The secretary, James Buell., president of the I'M
porters' and Traders Bank of New-York, made a
brief address in reply to vote of thanks. and his
plain talk stirred the members of the Convention
not little lie told them that it was the duty OF
every one of them to labor personally and earnestly
to secure the objects for which the association was
formed and to do his part in efforts toward getting
the burdens of the banks from taxation lessened'
He gave an amusing account Of conversation With
a New-York bank president, who asked him IN an
arrogant way what he as an officer of the assocla-
tlon was doing to lessen bank taxation.
Mr. Buell. told the members frankly that the Off
GERS of the association tired Of doing so much
work without the earnest cooperation OF all the
members. He reminded them how great power
they could exert ii they labored heartily together,
and appealed to them most forciby each aud all to
work i'm every way possible to get justice IRON Con-
gress and to enlghten the people as to the Oppress-
i've taxation of the banks.
Mr.. Bueps pithy remarks produced marked eff
feet, and he was congratulated by many members
for his telling words.
The convention adjourned until next year.