Morning journal and courier., 1886-08-13
THE BANKERS, ASSOCIATION,
A Law Wanted to Spoil the Vacation of the American Colony in Canada

A Law Wanted to Spoil the Vacations
 of the American Colony i'm Canada. | BOSTON, Aug 12.-Notwithstanding the | extreme heat Horticultural Hall was pretty we'll filled with delegates when the second days session of the annual convention of the National Association of American Bankers l was called to order at 1920 o'clock by Presi- dent Gage. The following newly y-elected officers swere announce d: President, Logan O. Murray, president United States National bank, New York; first vice. president, Hall H. Camp, president First National bank, Milwaukee; vice president for Connecticut (there is one from each State), G. A. Butler Tradesmen's National bank, New Haven Ex-President Gage surrendered the chair with brief speech and introduced President Murray, who, after thanking the convention for the honor shown him, presented Judge Lowell, who read paper on Bankruptcy Legislation" in which he presented the claims of 8 general bankruptcy law.
 A communication was read from c. N Jordan, treasurer of the United States, which contained the following statistics: Number of silver dollars coined to June 30, 1886, 233,- 723, ,286; estimated value of subsidiary sil-
 
 of silver in standard dollars at to-day's (Au- gust 10) price is 71.21, subsidiary silver val ued 66.61. Exclusive of abrasion, the pres- ent value of the silver coinage is $213, ,O61,- 352 It costs to maintain this circulation $14 42 per thousand dollars.
 MT. George Hague, general manager of the Merchants bank of Canada, read an address upon the Canadian system of branch banks. The executive committee reported and the convention unanimously adopted resolu- tion declaring that while the association con- tained men of every political party, and while it's conventions avoided mere political questions, it must again emphatically give warning of the danger to the whole country in the continued coinage of silver dollars un- der the act of 1878. Both gold and silver are required as the money of the land, but neither should be coined in such ratio that the other shall be driven out of general use Banks and bankers do not oppose the continued coinage of silver dollars from self-interest; the contrary they have no interest in one kind of coin more than in another. Persons having limited in ! comes, and particularly wage earners, will l suffer most largely when the threatened evils | come. All boards of trade, chambers of l commerce and civil and political associations of every kind are earnestly asked to make persistent efforts to secure the repeal of the l law on suspension or the cO1nage Ot such silver dollars.
 The following resolution of last year was ! re enacted: Resolved, That it is the of this convention | that the coinage of silver dollars under the compuI law of 1878 is detrimental to the interests of the people and dangerous to the welfare of the and that the law should be immedi- ! ately suspended and remain imperative until an international agreement with leading commercial II nations shall give substantial assurance as to the future relations of gold and silver money.
 An amendment was adopted recommend ! ing continued and persevering efforts to I bring about an international agreement | among the commercial nations of the world | in regard to the ratio at which gold and sill | yer shall circulate throughout the world. A | resolution that the headquarters of the asso- ciation shall remain in New York referred to | the executive committee. A resolution was adopted authorizing the executive council to i'll any vacancies in the office of vice presi- lent occasioned by declination to .ct. The mortuary report, reports 'n membership, dedication, bogus banks md a proposition in regard to a cipher were 'eferred to the executive council. A resolu- ion was adopted authorizing the execu- i've committee to take the neces- 'ary steps to procure such amend nents to extradition treaties as will | 'ecure the return of fugitives from justice | who shall be at large on account of what are considered defects in the existing treaties.