, 1879-08-08
Nothing so Extensive and Suo-
ccssfut In tho History Of
tho World.
How Resumption Was Achieved and
Not an 1nterss. Was Dis
turbsd.
The Whole Story About the De-
n1onetizatton OF the Sill
yer Dollar.
a Strong and Earnest rlea for the Con-
tinuancc Of The National-Bank
System.


SARATOGA, N. Y, Aug. 7.-The proceedings
ut tho Bankers' Convention to-day beVau BY
John ], Knox, Comptroller Of the Currency,
reading a paper on BANKS aud the Banking
System" Mr.. KuoI spoke as follows:
When ! received, a few days ago, tho Invitation
pf this Association to attend ita meeting and par.
iispats IN II. hsstasa ?. to 'e
the head Of thu National Bank Department Of ahe
United States It becomes my duty each year to
banks Of the country Of fhctf condition and thcir
earnings and d'vidends. and 10 .eru.,nize, them
Zach ot s q
yonr Association j. formed for soclA, rurposcs.
and for an Interchange q opln!ons: not only Il
governing. tho hanks, but also perhaps ~ 10 tho
It has seemed 10 me that tho head Of ibs Depart.
ment miRht not. neshsps, hc we!enme Hne.t
m sneh 90 oSs9son o to or that q
boys in vacation cunlu be c1nected 10 Ercot scod
ina seho oolmAstcr, who should suddenly ,,n.sudo
himself upon them while having good timc III
Ilcrldes., this is not exclusively Convention Of
National ls hn1xc1r: rhe who'c nambet Of incur.
mdsc than q, 400. nt which number tho National
bnnka arc somewhat loss thAn one.th!rd; 80 that
the mcn,bera Of tho National syhtem, the State
banks tilo aavinRs bauks,, and the privs'e bank-
dpes TIE Soes Head so
Hank Department. who Is continually settling forth
the merits Of tho Nni,onat frate. thrust his oph
ions upon ~ In tals Convention, who arc not
These may. therefore. seem 10 be good&teasons
why tho Comptroller should bo absent from this
Convention. Or why, IL nscsont. he aloud be
llstsner merely, sEilhout taking part in the pro-
cct1inEs. or !n amy way prcaumfuE 10 dictate to,
or !ntrnde hfs opinions upon, Or Instruct those
whose business - quite Independent Of laws en-
acted at Washington.
Int npor, further reflection It occurred 10 him
that, after all. this Association Is really
INHERITED TO THE TREASURY DEPARTMENT
at Washington for the figures which show the pres.
ent dlmcusions Of thu banking business VI this
country, and Which give not only the existing
Of THUR capital and acpDstis. This occasion 0f
their being 'ndebeu to the Comptroller for tnJs IN.
Formation 10 TINT, Until very recently aloquate
tho Comptroller to collate such information, and
nm effort was thon made by him, but with indfEer-
ent ssuscess to obtatn u from tte desent sln.o
data to be furnished 10 any State Official, md nono
o. the States require my Of tts private banko1 to
maKo any official reports whatever 1iut alt hanks
and private tankcta throughout thu whnle conntry
ate obliged 10 report to tho Treasury Department
tho amount OF their capital and deposits, Tor pur-
poscs OF taxation: Acting, therefore, upon this
dlos ottAe Commissioner Of Internal Itcvenur, In
TINT 9t}lce are mfilttudnous papers received from
every collection DISTRICT Ia this country. giving the
infotnatton mentioned % to every oxlsting tank-
TheEe huge piles OF paper wrre transferred tempo
Ar!ly to The office Uf tho Comptroller, and tIlete
arranged by statcs and cities. mud tnbnlated md
eho result q weeka o. labor upou thom appears in
single table Of i've 1ncs giving, by geographical
divisions lhe capltai,
TMs DEPOSITS,
md tho total number Of public and pirate cstnb.
!ish'msnts In THIS country engaged in the business