Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1884-08-14
CONVENTION.
/ c.,v,ptiOn of the American
/ |. w. ~ Association Resolu-
tons Adopted.
N B. Sigh of Texas Upon
' Their Uses and Abuses.
,,,Kras' oosvEsrroN.

,xxres CONVENTION.
IN. Aug. Is. The American
association assembled in
mo-, convention this morn
,a,e was quite a large repre-
ofprominent bankers. The
.rsa called to order by Presi-
m,o ]. Gage Of Chicago. who
the Inauguration address.
!. Nssland read the resolu-
omitted by the executive
az follows:
that it is the sense OF the
bankers association that
=, of the standard silver dol
II ~ grains is against the welfare
n,irv and that it recommends
~ a disadvantages OF such
,r,, lee of three was appointed
Nan. VIM. Groesbeck to speak
I'm Mr.. Groesbeck of Gin
,ssponded. He fl,o'ed bime.
arrency and went to show
Mr. centuries gold aud
'had been OF equal
currency. The change took
mi or 1872 What had been
he mast could be done In the
Il might be i'm posi- ole for one
n carry gold aud silver alone
Snrrency, and he favored
he PRESENT condition the
i'm of silver coinage
y United States until
aiiops took action on the sub
| vote of thanks was extend
,;roesbeck and the resolution
ried.
,sd THAI In view Of the fact
articles of the association OF
hanks of the country are rap
rdIing without sufficient IN
tu,lor rene wing, owing to the
NM dimishing amount aud
3ot government bonds, upon
|the bank circulation Is based,
reateuiug Il serious curtailment
Ecurrency of the country, aud
\, uank note circulation abso-
e. uredland issued under ample
hard tor its redemption on de-
sin coin necessary for the con-
d I transaction of the business OF
alntry and such condition can be
provided through the con
operation OF the national
act. Us has been attested
responses of the last tweuty-one
III, refore
b!ved, that the attention Of the
tss of the United States be ur-
called to the necessity of inn
|te legislation 10 meet the emer-
he Poland Of Vermont, one OF
pmmittee on commercial paper,
remarks on the subject OF com
al paper. He said that paper is
pporlant part and factor in all
berce, and SO far as negotiable pa
corrected with trade congress
full jurisdiction over 1t. He
hi that the bill went further than
kes has power to go.
present. house of rep
atres is constituted to pas
ihs subject of national banks.
irles OF congress should be asked
"a law to go TO any extent that
|eshas Jurisdiction in the matter.
hd to the executive committee
IS the matter to an early action.
larry M8rsland then read a
on the banking and cur
system in its relatio Is
business of the country, fur
| by Hon. Hugh McCulIo3h who
nabIe to be present. h. L. Co
of Philadelphia presented Il
upon the conditions of state
ng
ii st. John of New York pre-
the Potter refunding bill. II
'es To refund the existing public
Il to = per cents. by means nc
ne 10 The government creditors
'rta'nly advantageous to the gov
mt The .! per cents. to be of
n exchange for the 3 per cents
, be pay able at the pleasure
United States and the exchange
e made at par. The % pei cents
issued In exchange for 4 pei
to Toe paid at the pleasure of tn,
! states after 1907 and the p pei
to be issued for the a. per cents.
IL after September, 1891. The
= circulation to be reduced
Ii and hereafter the surlpu.
S shall be applied to either tn,
OF the bonds or the purchase o
rot due according as either come
iiert the greater saving of.inter
ne government; the plan of eX
! OF 1 per cent. and Al per cent
oVernment payment Of such ,
cash In each case SIS will equa
worth of the aggregate in
d the bonds from which tn,
Iine1t is released in the ex'
'Ies ), Graham, president of tn,
Ward National bank o
* New Jersey, read a paper oil
ltlnuance OF the national bank
irfency. The papers of Johr
'son of New York on silver
were read as presented, alst
w. Yates of Nebrask,
ie prevention OF panics
Il. Sutton of Mississippi
, banking system, also n. b
u Texas on banks, their usei
uses.
Committee on nominations ap
d are Mr. Comeygs OF Phila
=, Sir, Lindsay Of North Caro-
lr. Mcdonald of San Francisco
aesler of Chicago, Mr.. n. Is
u Texas. DIR. Simon of South
la, MIR. Lockwood OF Virginia
'urned until 1870 Tomorrow.
committee reserved some very
ting papers to read tomorrow
a banquet WAS given a.
and Union hotel.
wing is the paper presented
l b. Sigh, Esq, cashier of th'