New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-09-04
BANKERS AT THE SPRINGS.
THE AMERICAN ASSOCIATION MEETS AT
SARATOGA.

THE AMERICAN ASSOCIATION MEETS AT
SARATOGA.
PRESIDENT PARSONS DISCUSSES THE SILVER
LEGISLATION OF CoNGREsS-pRorEssoR
JAMES On BUSINESS EDUCATION
[pY TELEGRAPH TO THE TRIBUNEl
Saratoga, Sept 3.-The American Banlters' Associa-
ton began its sixteenth annual convention here to-day
1t was presided ovcr by Charles Tsrsons president OF
the State Bank Of St. Louis. The association has
nearly $500 members, 400 Of whom are attending
the convention. In the annual address President
Parsons traced the growth OF the association since its
permanent organization The purpose OF the assoca.
ton is to secure the proper consideration OF public
questions affecting banking interests, and Its power
to produce this result was dwelt upon briefly. lie
spok. Of the fact that there over 10000 banls
and bankers IN the country, and said When all these
become members OF this association their united
efforts properly and wisely directed can do much to
overcome the prejudice against banks which has here
tofore subjected them to much unfavorable legisla-
tionn The address closed with favorable comment
upon the recent silver coinage action Of Congress.
Here is a part OF wha: Mr. Parsons said:
am sure there Is prejudice with this association
against the one currncy (spcakg OF silver
thu other except It's members suppose the more
suitable discharge the duties Of medium and 10 meet
Congress passed bill for the purchase Of $500 900
ounces Of silver month. which leaves the standard gold
Tho tendency raise the price Of silver
largely and yet the mctu OF free coinage Is gold and
silver Is not 1t may be that take up the large
production Of silver high prices and still keep gold
tho coin OF will constantly Increase
currency by this absorption OF silver and is3uc Of Treas
ury notes viii also take ta' place Of the National
ban fast sog out OF circulation No tell how
large is the capacity OF this county absorb
people and silver Is bona ndc cotl. and never
,2luclcs being certainly ia" next thing to gold
while try this experiment fairly Il
con make Of tn" world,n for they need -buy
silver possible the old coinage price it vii!
be we'll II 1t that brgiu to be flooded with
foreign silver and the product OF our mines H. no: purchased
abroad usual consider Whist is next best to be
Under all circumstances It Is satisfactory that
modu vivod has fo The time arrived at and the new
experiment and will be tried by the Secretary OF ac
with all fairncss II the result should be to
rive price for silver quite equal to 81 292? sr
ounce further agitation Of this subject Will arise
IT, Oh the contrary there should be serious ALLURE In this
respect each side Will again ag!tat the question the one
claiming not radical enough and the Other
that any the direction OF making silver free OF
coinage US gold and to keep 1t on y parity with 1t will
utterly fail.
III the constant practice Of he right and the dspoSi.
ton T., ns,.- prevail i necessarily involved On ine's
SAINT warfar": Is this in religion aud morals
tan i. any lin. Of though; ad hu,n.S-. The nV't
absurd ard hreci doctrines constantly being brought
forward professions and TRADES and also III finance
and politics. Th, quach profession is a. extensively de-
y-o,ei in almo-, everything IL n" Inc; We men
who never acunul0:cd dollar d!scoIr.inr To ia" nn
t.de OIL financial msttr with air Of knowledge trh
assuming tlan world h" worn 10y Va" nio'
thorough who iad .rnt lifetime IA tn" Intelligent
pursuit o! snch information What more ab~'id u"of'
could b.. of led than grc,rback hem" q unii:
tied i>suc Of nat moa"v r.denshl" In ANYTHING bat
d n.w Inoi.i>. foi ;lc old
The P,,sd.ut treated OF the agitation now going Oh
in IT,. Farmers Alliance regard matter 81
Government nrfS'IiiE
VI fam property aud hod That th" Anrnt'h' i'"iD'
had calicd a halt In such cranc' ring recently ana "''
that it show that AZ HON" her t"t Is h"'"' " e'"''
,oc on n&cal ,uhjc.ts ami will rot d. fo' ~ t"
1T Gown and 1T thing, take their '"Hr:' 81 th'nR
= ,n.. o:l-.r " rso'.'s bushes, 20 book g. 4:
The report Of the treasurer and s"rc!arN was next
read. which showed That The a,S"'iaton was ifui =
r:ancla institution. having 1aancr Of SlO.W' after
pay ing all the expenses OF TIC last year.
A paper on "~rlools Of Firance and Economy was
read by Professor Edward J. James Professor 81 Pub
lie Finance and Administration in Wharton school oi r.
nance and Economy Of the University OF PcIIn'yivala
This paper ably discussed the subject Ok higher ehnr
ton for the youth taking up business life ana Clearly
illustrated the great benefits to lie derived rom an
education at liberal and piactchl lie speaker
pointed out that Mr. Carnegie. in his fanona interview
ON tho subject, practically correct when he SAID
that the colleges speaking generally are NJ" cdnca'hs
the business OF t!o community y Smaller ana
smaller proportion Of the yonh 81 ~" country ar
going 10 college. THIS is true even Of those who
expect to become lawyer and p!, 'ician'. and sill
rucr OF the Immensely greater Lumber VII" expect W
take up lisinc>, careers
Ploi,>,vr Jane, takes the ground that this i very
natural .o;. ldc:.ng the curriculum ~ our colleges
II j., however. un!ortunstc Tie hthr education ~
,t,r,c-> ca.>..> j. absolutely c>>"nal To- .r"h"h"ht
welfare Whether or good or H. the c"ntiO! OF mod"ri
lie lhc school society politics, the church. In word
%; civilization itself. IS A.pping mt" the hand. 81
bu,irc., ,ii-,c-. The professional world !, LOSING
he hu;ino-S world saning II + longer H." great
LAWYER ,tate~nan or ccrgI man. bnt "a" r'c'l haAh.r'
manufacturer. railroad manager. WI" speaks The DE
ci,ivc word In many matter o: pu ne inpn th'":
The higher educai"J 81 t'Ne las IS th"i'io" .,
fund Incnt,l inroranoc ~ onr social ana p"il'lc'i
cNi f-nc". Existing facilities az" in'N" l't. -"
literary college III IL prcit form Is ~ utah" to meet
the u,cc -lti, of the is the s"rail"d III Inc
-" .m,nr-r,,l COLLEGE. The ,rn.T gives higher train
Ing of kind usntd TO The wants OF ni'c bi.'inc'.
men the Latter does not give ANY higher education ~
The problem /, % be solved by the addition I" Ia"
existing coll.-" curricul, II courses "hFh lfi'"
direct relation 90 the wants Of educated hm>iic-> nrt
in some such cxi-tnr fcnrs"- correspond -
the wants Of the future teacher or engineer, OF arrll
tcct.
The subject of banking IN the south was then in
trOduccd by II. VI. Nelson. III selma Ala. who -io".
generally and hum"r"n ~ o. IT," " i"t Of >tit and
William r. Irc.sc. Of A>hcvc. " C.. also >pnk" on
the same subject. .N'cr III" appointment OF Il nnnii
mating committee by I'll" 'har M adjournment wn~
taken until tn morrw. This afternoon. through the
courtesy # w. j. Arcll Tie m InhcrS Of Ia" a>-oca
ton enjoyed a trip 10 Mount Moimsor, where they
entertained.
Is there anything You want To huy. hire sell
II 90 taic lock al the Ilitlc advcti,cncnts on the
ninth page Of The Tribune this morning.
THE ,urBJCtE EURry7RY aysuf,T army