New-York tribune., 1882-08-17
to define the meaning of that section The following is
TREASURY DEPARTMENT,
0PyTrV or CONTROIIFR or THK CuRHFrCY,


his reply
TREASURY DEPARTMENT
OFFICE on cosrEongE % OF TsE CUREsscf' ss q 1890
SIR am receipt o, Of The 5th instant ss rss
TSs Ss Intention tSe section as undersocd by once
en the CURRENT market value Of nted
posted provided the value & sDads % ss
70 different construction but until such different con
ssnnot So acted an BY s
york City.
Ao the dangers Of the future the anticipated panic
has been deferred viii IL be ayered for an indefinite
periods think there Is no class OF business men ~
prone to look intensely on the present ana oVeroon g
future az bank managers For example, In the 'ly OF
New-York the great money centre OF the contlnent We
watch Clearing House balances II we are creoios
we rush Quito loan IL leDtOrs w Icu I'D money
our securities that they are good WIN
margin customer iais' te uscon, i c ovar ts "a,
ton read the newspapersthe country pfoseTs anu "a
W. m Ike diy cnds-ou text il sufficient for the day Is
the evil thereof"
INFLAMMABLE POLITICAL ELEMENTS
Docs it ever occur the banking community that the
political elements of this country are infsmmabe that
monopoly on one side arrayed against stri ke on the
other: that hundreds Of millions Of wealth are accumn
lated by dozen citizens against minlOhs OF
pecunOus voters tnat dena9oSsm is the most potent
factor with an asprant for Office that money whiskoy
detracton without stn dominate where PATRIOTISM
and staesanshp should rule that it IL the cnleI an
the all parties to dcfalne and break down
their opponents rather than to elevate the standard OF
the pubic and make their own candidates more
worthy of Office aud power; thst even our Judges are
approached, and the ermno is not always reputed IN
beInsnedl All this ana more We see ana discuss % aay
by day. Everywhere It ID the common talk tat this is
gro wing qua,itity In political fabric; and
mat IL il from this fruitful source We have the
multiplying inyesu gations mJunctons and Impeach-
hut steps leading up 10 possioio
anarchy will it for the country II some
remedies be applied in time. Let US as BODY
Of bank Managers stocknOlIeIs anu ueposIVoIo ioVA
The political dtugcrs that surround us WINE
going through daily routine OF accounts ana balances
repeat, tue political elements Of the cOundy are III
tialnmabe." BY Instinct more than BY reason we guiu
oar hence our Improved vaults ana sales "hcs
gOOI only against sOIaled robbery Anarchy. II u
were to be precptated upon the country, wOuu wipe
out values without akia- from us ecrtncate OF LIhu
To do safe and profitable banking we must nav staole
and good Government, we must WAtcn the ponlcu &c
well as iuancal and commercial elements that sur
40 not expect 10 tAe anticipated uouDic,
but fe ir many Of you Wil.
A reception held Tonight In tho pariOrs Oh INC
GIand Union Hotel Among tne delegates present we're
Detroit; ". H. Perkins, of Jackson, Miss A. d. Lynch
OF Indianapolis o. D. BALDWIN, OF Newl lork; e4J uuge
L. L. PO,lu OF Vermont; James NJ. Fetteri OF Louis
vile, KY; Edward Tyler OF Boston j g. Strandnan,
Of brooklyn; >. III. honnedy, OF Ncw-Oreans; Joseph
Patterson, Of Phllu1e phia; K. IL. Thurman, Ot
Troy; William Converse. chicago Bank superintendent
Hepburn George H. stuart, o. Phllddephla; Thomas
nenry, of Mobile, Ala; L. d. Randolph, OF
New York IL. Bayls, Of Brooklyn; JOnn
ii Sherwood, or Ncw-iOrk; spencer TraSk, VI
New-IO,k; ". NJ. GrosyeuOr, OF Ncw-iOrkj h. D. Gage,
VI Chicago and >. Il. IhOnds, OF Utca.