Morning journal and courier., 1880-08-12
News by Telegraph FROM ALL QUARTERS. Bankers in Council. Yearly Gathering of Capitalists
 at Saratoga. Address of the President. An Able Review of Financial
 Problems.
THE EVACUATION OF CABUL.
Doubts and Fears i'm Army
 Circles.
NEW YORK.

l NH OkO~S
 NEW YORK.
 MitcheII's Address-Specfe ResumptIon
 and the Silver Problem-Banks and l Panics-Papers by Other Bankers.
 SARATOGA, Aug 1.-The American Bank
 ers' Association met at the Town Hall to-day, and was called to order by J. D. Vermilye,
 who introduced the president AlexanderMitch- 1 ell, of Milwaukee, who made an opening ad- dress in which he said that the success of re- sumption largely, if not entirely, due to the cordial and organized effort and CO., operation of the banks and bankers of the 1 United States, and thus one of the great ob- jects upon the recommendation of the com ] mittee of this association was happily
 achieved. After referring to the prosperity
 of the country he said that a period of de- pression may now be looked for at any time in the future when an extensive failure of the 1 crops shall concur with a season of over- l trading and extravaganza It may well be | questioned whether there be lodged in the federal Government any power to pre- l vent a financial crisis, or whether any 1 action 1t might or could take would be 1 more efficient than that of the banks l in mitigating the disasters of such l an emergency. Another very important l problem presents itself, which may be found l equally difficult of solution, growing out of | the continuous coinage of silver under the l existing laws. As long as no especial effort shall be made to force this silver into circula- tion, it's existence will effect chiefly the Gov ernment Treasury to which it belongs and l to which it apparently sustains the relation substantially, of silver bullion; but when ever by the failure of the crops or other e1- l must be remitted to Europe gold alone will subserve the purpose Doubtless any considerable drain of ! gold will throw this silver into circulation. Paper money will then hold to the rank of silver, and our entire circulation will be de- preciated to the value of the silver dollar. He considered the Government tax on bank deposits illogical and unjust, and that it ! stands as one of the few remaining msmen- l toes of class of taxes which for years crushed the industrial and commercial inter ests of the country. The membership has increased during the year 222. There have been 153 deaths during the year. In review l ing the work of the year it is found that the | spirit of cordiaity and union has been gath l ering strength and the six thousand banks 1 and bankers of the country are gradually | uniting for carrying on the common work for l mutual benefit i Papers were read by Messrs. Van Syke.v Young, Gibson and Soules. MT. W. s. George, l of Michigan, read carefully prepared report I on the growth of banking facilities. 1 Tanners Oysters and Watermelon. |
 NEW YORK. Aug. 11-Dr. Tanner passed | very comfortable night and awoke at z O clock l this morning. At o'clock in the morning l and again at he awoke, and each time drank 1
 
 and drank seven ounces of milk and read the 1 papers until 7:25, when breakfast was served, ! which consisted of eighteen stewed oysters, l three crackers and six ounces of milk. At | 9:3O he drank eight ounces of milk. At 10 he 1 partook of large slice of watermelon. At Il | he ate another piece of melon and an apple. | Between and 12 he drank eight ounces of 1 wine. At noon he ate fifteen stewed oysters, l which weighed 1O1 ounces. The Rochester Races-Fast Trotting |
 and Pacing-Heavy InvsstRnents in 1
 Pools. ROCHESTER, Aug. 11.-Not over two thou | sand persons were at the Driving Park to- | day. although the weather was splendid and | the track in the best condition. The first | race, for the 2:36 class, had six starters. In f the first heat Prospect Maid led from the WlGu h1SIuSG duu OIdLbdu dlGcTldI1uS | for second place, the horses coming in as fol lows Prospect Maid first, Kismet and Grat- tan dead heat for second place, Wilber F. fourth, Geicke fifth, and Musician sixth [ time, 364, 1:12, 1:484, 2:261. In the second, Prospect Maid again led from the start and kept it, but up the back stretch she had a lively struggle for first place with Kismet, 1 coming under the wire as follows: Prospect l Maid, Kismet, Wilber, Grattan, Musician and Geicke; time 37a, 1:14, 1:514, 2:294 In the third heat Prospect led all the way around, Wilber F. second, Grattan third, Geicke fourth, Musician fifth, Kismet sixth; time, 37, 1:13, 1:494, 2:25.
 The pacing class, 2:22 race, came next. In the first heat Ben Hamilton got away ahead. Bay Billy took second place at the quarter, but soon went into the air and hept up his refractory conduct all through the heat. At the three-quarter pole Bold Hornet led, Bay Billy following. The home stretch was passed at only fair rate of speed, with the favorite breaking in a most scandalous man ner. The positions as they came in under the wire were: Bold Hornet, Ben Hamilton, 1 Bay Billy, Change and Mack; time 36, 1:1O4, 1:454, 2:23. In the second heat Ben Hamil- | ton led, but on the first quarter Bay Billy | forged ahead and kept the place, with Bold Hornet and Ben Hamilton alternating for sec ond place. The positions as they passed the wire were: Bay Billy, Ben Ham ilton, Bold Hornet and Change Little Mack was distanced time 344, 1:O74, 1:43, 2:191 The third heat was won by Bay 1 Billy, with Bold Hornet second and Ben Ham ilton third. Change was distanced; time 364, 1:09, 1:45f, 2:22.
 In the 2:19 class Maud S. and Bonesetter were drawn. In the first heat Ettie Jones went to the front, but broke and went far to the at the first quarter, where Charley Ford led by two lengths, with Hannis second and Driver third, and this position was kept l till beyond the half, when Hannis pulled up close to Ford, but the latter came in first by three quarters of length, l Hannis second Driver and Ettie Jones distanced time 354, 1:104, 1:459, 2:21. In the second heat the start made with the ! advantage in favor of Ettie Jones, with Han his behind at the turn Ford went ahead and at the quarter led by length. On the straight stretch Hannis forged ahead and to- wards the finish collared Ford, but broke and came in second, neck behind Ford, Driver | third; time, B, 1:10, 1:45, PISA. In the third heat Ettie Jones again led the way, Driver second and Hannis and Ford length behind Driver took first place at the turn, Hannis and Jones going to the rear. At the half Driver widened the distance, but at the three-quarter pole Ford drev up rapidly, but failed to catch Driver, who came in first, Ford second, Harris bad third, and Jones a worse fourth time 344, 1:09, 1:45, 2:2o. In the fourth heat Driver led, but was passed by Hannis before reaching the quarter, Jones being in the rear. These positions remained unchanged to the finish time 3444, 1:081, 1:434, 2:1s4. In thesffth heat Hannis went to the front with Driver well up at the quar- ter, and Fordthir Ford broke and fell back some On the honestretch the horses were sent for work and came in as follows: Hannis first Driver second, Ford third, Jones Il o.QA l 1