New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-08-12
BANKERS ~ COUNCIL.

land acted secretary. Among LnO+e pIcsFui
p c. Calhoun, New York; II. II Camp, Mhw1ukee
william Hag Becker saratoga; ". A. Fuikrcf, Bratte
boro. W.; George A. Butler, New Haven, Conn;
Gor:on. Rochester; n +. Parsons. Asbtsbua
Cyrus T.. Llpnam. Proyidcnce T. b EDDY; Pa IN
Dakota r. T. WHITE Muncie, IND. r. If. Thurman
Troy; james webster Girard, Penn. Edward Bctis
Wilmington, Delaware; omas Henry no
Is II. Roots. Lizzie Rock. ARK william II. Prstt
Mobile A Meyer, New-Orleans; II. = tlcmming Ale
Woodstock, VI. F. Cooper Clarke, san Fraucisco
George r. Baker. New,York: Robert ,. stuart. New
York; Kobert ;. C,ve. Boston william scott NV
York II. II. Martin, Albany; ". 6. scott
EgnaooG md II inD. FGase9% siG G
T. C. sherman Boston John b. Smith. P ymouth, Penn.
James :. Barrett, Louisville; j. Mcmahon savannah
bard sandusky. ONO; A. Bradley. Pttsbarg
Milton <. Latham. New-YorN; A. H. Mos,
sandusky, Ohio; y. j. Falls, CINCINNATI; William G
De-hler. Columbus. ONO; Luke y. Poland, 81 johns
buy, Vt; William H. khawn. Pmladelpma; edward
Atkinson, Boston; George ). COe, New York.
THE PRESIDENTS ADDRESS
Alexander Mitchell in calling the convention to order
Congratulated the members on the change In the nan
condition of the country which had taken place dur
The tact OF mption, said Mr. Mitchell, awalen-
only surprise at the ease with which 1t was accom-
p.hed, and the entire absence of all those difficulties
70 follow IL. Beyond doubt The success OF
resumption was largely IL not chiefly, due to
The cordial ana organized effort aud cooperation Of the
banks and bankers OF the United States and thus
The great object of the association has
country, as If relieved from burden
business prosperity Large crops and high pres abroad
have furnished the stimulus to vast tlade. 50 the
wants OF which the volume OF currency las bes found
But il is but too wei known to all OF rs that in his
country one extreme follows another. periods OF dcprcs-
sion follow periods Of prosperity with the GER
tJinty almost, II not with the regularity OF the
looked for Ut any lime tn future. whore extern
s.yo iailuIu OF crops shall WITH season OF over
trading and cXtrayg1nce III enterprise and eApendi-
lures
Referring to the coinage Of silver, Mr. Mitchell
said:
Fit be tire fact that this coinage does not enter into
mains an ever Increasing burden in The Government
vaults, tie question If It's ultimate disposal,
n may be- made Of t' on ' t tDe eurrency
OF TIE country Is very eraye one As ON as no
cuatlon is existence viii Gfr.rg chiefly the Govern
mcut Treasury 20 VIII n II bc'oJEs onG ID wncH 1t APP
silver bunor But whenever. BY f.iurt II tne crops
he remtted TO Europe god alon" viii subs"rve thc
purpose. Doubtless any CONSIDERABLE draln OF
sgd from the 9.oi eoa9y r, %5 I1ro% mn
tnen fan the rank Of silver. and our entire cireu
lat on VIII be deprecated to the value OF TIE silver
dollar.
Abiding to the Government tax on deposits. Mr..
Mitchell said:
This tax Is 50 Illogical IN its conception and unjust in
It's operation rs 10 claim the most earnest attention OF
%" fhe reading Of parers on Western taulng followed
In
by n h. Van Slyke OF Wisconsin on " western Bauk-
mg." The paper referred To the wonderful changes
winch nave taken place in the manner OF conducting
all he business during the last twsity years ana pro
ceeded TO consider whtther b0he Dl NE
Abandoned Il argued that banks should nol
be borrowers from Their own customers. IL also
at acked the system o. collection as Improbable.
IL was commended thrt before the hte slips no pro
test, " were known. payments wers more prompt and
that now, as It costs them hlng debtor. have
become lax IN thrir oohsatl.n+ IL was Sus'
gesled thar the letter transmitting tHe coiee.
not dep nlInS ON euncertan slip aiterward detached
ana tla nauSers were entitled To charge something on
al such business, whether collected or not
Jonr Johnston, Of Milwaukee, read an exhaustive
rapcr devoted principally to banking in Wisconsin. liz
spoke in part IS follows:
The banking business OF the state has moro ;han
dOu1ed dGuu< the Ia three ears and the tct j. CA
rlmned by u series OF most hOunuul cIVss.
For many years Wisconsin owed Tho East
much that II WA hlrd work 10 pay
fl East )qt IN tables are being turned randy. a.i
YORK exchange Is inDge tl-u Iai year al dis
count between banks ~ Milwaukee and tGe une ~ not
lar distant when lie vest VIII owe the Els' nothing
The banking Statistics Of Wisconsin sdow inat ae Do
posts durnZ the asr r. ave sro"n from 81 100000
t. rs OOO, 900, beng an increase Of 80 per cent
PENNsYLVANIA BANKING.
In the absence OF The Hon. Eush Young, OF Pennsyl
vania the secretary read papcr banking in that
STATE II was IL part as follows:
In the Yves ern and north counties the banks,
rue. have long aso auoP.ed t"o sH.lter ho1rrh
ra and eastern COUNTIES, VITA ieW exceptions, Stl FOL
low the o.u lme - stem ~ vogue " in tHct I1IDts' ne
evrg, douO less mat II u always Dest 10 Aod Iast 20
that ich l. GOOD" even though 1t requires more time
The proposiii5n to create a state Bank Department
was discussed III the paper ana the arG9ness aS"nst
il consi"led My loGnS strongly iayo'S 1i !he
concludes with a reference 70 ne duu.s OF
bank directors Mr.. Young says tAat II hG9 been ms
duty RS examiner Ia recommend ne OsS 81 several
National banks In every case the disaster was directly
their sworn duty Ihey do NOT attend bollI
meetings as often ~ they Shonh' ana
whenever failure occurs. either by dishonesty or mis-
management, they are responsible Ban tae prejudice -
against ali banks and bankers In Fcun-y wanna the
ilsd fee or salary Tor attondin: regular MEETINGS IA .
remuneration for their time and labor and SO FAR II mas
borne good results.
IL : Fcmmlng. president OF The Third National Bank.
OF Allegheny City, Penn. asked tina, Tie Executive
Council should report what has been done to get "a
OF the taxation banking, IN order that be
irct m ght be discussed.
The president said that the order Of business provided
Tor that later on George a. Gibson, Of California read
a paper On the industrial rdton and rcsourccs OF
California, and tho effect OF kcarncyism
and Ito new constitution. Mr.. Gibson
referred to tho advent of The Ch'nanun aad the growth
of re auti-Chursc prjudc.s The new constitution
grew out OF the agitation g'i"s, The cn.nan. and it
has been instrnm,ntal /" e..tro'ing emf.
.tasaaiiou n H. suir. NE prorro.s 81
rrOiHouOI o. silver - 'r'', or 90 u Gonna ana ihdta
lie internal indgstr.,s of tic state are generally
tutl pa i't ii.t NteIt crop lls
Tiu unprecedented.
" s. re. o. Lansing Mich, was next introduced,
aud read laprr rufitr q, Changers and GrCrnbaCb.
e, nnd their Relation g. r. nH-.' Muncyrd men, hr satd
roa-r y record gic,h'cA'l ard Cranrcr as encmie-
1, pros p-iiB aud Wcal. ou thy make. mistake. TIE
(irn.cgs -r score, of.aiIIon u tie same v ~ -
TIE M.so's OddlcI'Hs a1~ b1uS uiicr.ors, but tfo'
introduce social ana educational ar ntU their Attire
lac tlne tlc Utntr-.
49, hon E1vnfil 4. soa'os. ~ &c. A'blps. Vt rcad
p!i. on tlr NA.lUuul h.aHitr I.N.
~. .U. .l.p .. the Co.. -n.. uf courts uudog the
i.u4.Y. law V.s ..p eva e.. I.d 90 fg.A.
IIr .u1f. a..n t'n aoJoCAtd until IL O'clock to-
nm