Morning journal and courier., 1881-08-12
Man1ac,s Terr1b,e Work.


 NEW YORK, Aug. 11.-During 6 fit of in- sanity Brian Golden,-a laborer sixty years of age, this afternoon attacked his wife Ann with heavy club and beat her until she be- came unconscious He then cut his own throat and a large gash in the left arm, from the effects of which he died soon after. Mrs. Golden was conveyed to the hospital, where it was ascertained that beside fracture of the skull several of her ribs were broken. She will probably die before morning
 The Bankers Convention-Interestin
 Papers Read Yesterday.
 NIAGARA FALLS, Aug. 1.-The Bankers convention listened this morning to a letter from Secretary Windom, giving sketch of his refunding operations. Of the saving made he says:
 By this plan the department has been not only ieyed the embarrassment of the payment of the coupon interest, but has reduced all the six and five per- sntum loans of the govern nent to loan payable option of the government and bearing interest at only three and half per centum per annum and this, with the triing expense to the government of preparing the registered bond and of paying the actual of the London agency at which only three persons have been employed for few weeks is suing about S44, 800 000 of the continued bonds.
 Comptroller John J. Knox read paper on banking and currency which was largely his torical. MT. George s. Coe, of New York, read paper on 'What shall be the currency of the future?'' f'The business of bank, D he said, lis to assist in the exchange and dis tribution of these productions, both within and without the community. Now, to say that an institution organized for such pur- pose, to be safe, should first deprive itself of it's capital and lend it to the State, in order to secure it's liabilities to the community, is to say that it is strongest when it empties it. self of strength. It is to so far relinquish the very object of its creation. It may be truly said that a bank is not a bank to the extent that it does this very thing" His pa- per closed as follows:
 .sThe question is, under what regulations can ject The obligations of bank, well for it's de- posts for it's circulating notes, substantially the same office of exchanging the products of labor the holders of the notes receive them ss money their value therefore State has properly un- dertaken to give to the people that protection which iy just The Important features of the existing sys- tenn these First the pledge of bonds security Shareholders for another amount equal to their shares third, the public exhibition of the banks fourth the inspection by government officials fifth regular and central redemption of all the notes and retention Of a com Qepos1C TOT that purpose With the exception the first, these reasonable. practical and just regulations They may a be pre- served in national law. necessary to any substan tia1 system. In place of the security required the circulating notes may be limited to sum equal to onehsh three-fourths the cash capital paid in be made preferred debt in of failure and interest at extra rate for days delay that they redeemed in coin after presentation st the home central flee; with prohibition of any circulating notes in the United States not embraced within these regulations. These restrictions will afford perfect security to the public, and sufh- cienty severe to prevent expansion of paper money. In making the note holder preferred creditor the capital and assets of bank substan italy pledged for the circulating notes but the institution may meantime be free to employ them at it's discretion for business purposes. controlled and admonshed by the ceaseless require ments of the central coin rede rption Thus will the whole of the organization be restricted to such commercial will keep the entire fund in stant, useful and healthful ivty and give to the country currency representing and keeping pace with its moving industries. that it will in the very nature of things, always provide for its redemp tion.n