The semi-weekly miner. [volume] (Butte, Mont.) 1882-1886, 1884-08-16
@1T DISPATCHES.
%, strike of Car Builders
in Cheyenne.
Meeting Of the Irish National
Land League.
Stirring Address Of Presi-
dent Sullivan.
Annual Meeting Of tho Bank.
ers' Association.
The True Cause Of the Shoot
ing Of Henry.

SARATOGA, N. Y, Augu t1S.-The
American Bankers Association as
sembled in annual convention this
morning. There was quite q large
,enresen tation of prominent bankers.
me meeting was called to order by
President Lyman J. Gage, Of Chica-
90, Gage delivered an inaugural ad.
Sress. The Treasurer's report showed
a bsIsnce of $e, 994. Secretary Mars
land read a resolution submitted by
the executive council as follows:
Rsso'ved. 1t IL the sense of the
American Bankers Association that
the coming of standard silver dollars
Of 42f grains is against the welfare
Of the country and recommend Com
pre,s tO discontinue such coinage.
George Butter concurred with the
resolution and thought it best to sus-
oend the coinage OF silver until other
Countries joined with the United
States.
SARATOGA, N. Y, August l3.-Mr.
Groesbeck, Of Cincinnati, by request
addressed the convention. He fa-
yored bi-metallic currency and went
on to show that for centuries gold
and silver had been of equal value as
currency. The change took place in
1871 ana 1872. What had been done
10 the past coulo be done in the
future. 1t might be impossible for
one country to carry gold and silver
alone for Its currency and be favored
under the present conditions. The
suspension of silver coinage in the
United States until other nations
took action on the subject. A vote
of thanks was extended to GrGesbeck
and the resolution was then carried.
The following resolution Was
adopted:
Resolved, That in view Of the fact
that the charters of the association of
national banks Of the country are
rapidly expiring without sufficient
isducement for renewal, owing to
the constantly diminishing amount
and high prizes of government bonds
upon which bank circulation is based,
thus threatening q serious curtail-
ment of the currency OF the
country and since the bank
note circulation is absolutely
and issued under ample safe
guards for its redemption on demand
In coin Is necessary for the conven-
lent transaction of the business of the
country and +uch q condition can
best be provided through the con.
timed operation Of the national
bank net as has been attested by re-
sponses Of the last 81 years, the at
lent,On OF the congress Of the United
States will be urgently called to the
necessity ofimmediate legislation to
meet the emergency. Judge P0-
land, of Vermont, on the committee
on commercial paper made remarks
on the subject. Bankers CONNER
cial paper, he said, is an important
part and factor In all commerce ana
30 far as negotiable paper ie con:
nected with trade, Congress has full
Jurisdiction uver 1t. He thought the
bill went further than Congress had
power to 20. The present House OF
Congress Is not favOrably cOnst.
tuted to pass upon the subject OF ma
tional banks. The advise Of Con-
gress should be asked to pass . law to
90 to apy ex,ent that Congress hss
Jurisdiction in the matter: referred to
the executive committee to pR<s the
matter to early action. Secretary
Marshland then read paper on the
banking and currency system IN lts
relation to the business of the coun'
try. furnished by the Hon. Hugh
AcCulloueh who is unable to be
present. B. B. Camegye, of Phila-
delphis. presented . I,ap<r on tne
condition Of safe banking. Ate:
reading q number of interesting pa
pep the convention adjourned until
tomorrow,