New-York tribune., 1891-01-31
ACTION OF THE CLEARING HOUSE.

| -, r, from the death OF Secretary Window could
10 aid IN bove been felt in Wall street yesterday.
The market is so largely professional that hc"' VI
the most decided character IS needed 10 lhhuc"oe "
The nature OF his speech at the dinner "i"io 10 ~,
fell dead was generally accepted as sem, s-
declaration from the Government against ue he'
coinage of silver and tins idea was rejected III s"p
fall in the price Of silver bullion certhca"s' H'i
way stocks moved with little reference 10 t'e eouo %
| silver The common opinion, after voichg t'e 80
felt at tho loss OF able and impartial man oou
| ing such vast interests the Treasury Depai '".n'
| invoves was that there will be no change IN u"
! nolicv ot the Administration There are no ii''
portant questions of detail now requiring tie sci'
OF n particular personality, and the loss OF MT Ni
| Is generally felt to be one that shouiu .ai " ~. -.
tributes to his character rather than speouiao' 90
| his successor.
| The Clearing House Association held meeting III
response 10 call issued by Jacob ID. Vermlye Losai,
| c. Murray Dumont Clark, George > Coe' D. hu" o."
| simmons Brayton Ives and Frederick d. laPpe'. '
Tappen presided at the meeting and a coh'n'lec "'
appointed, composed OF George ;. Coe' pres'uo4ie "
American Exchange Bank John Jay Knox pieSiuen. VI
the National Bank Of the Republic, and j. Et"aiu '"
mons president OF the Fourth National Bahh' 10 u.s,s
| resolutions suitable to the OCCASION TIC ioio"ne
| resolutions presented and adopted ~
Resolved That the New-York Clearing House asso s
atoh deIres M 10 nfr has sustained by the sud
len death in our city of the Hon william u,,,na
| late
nom tSe fuest activities OF life added to his eminent
official position, and his high personal eAceien'u ot 20
character. have produced in our community 'n' "'"'
RcOoived That this association reviews the admin
sraOn of the Treasury department ~ " ~, a and in his
with sincere commendar0n bOtIl III i's r,,rc % to the
former terms of Office be has done slglal
tEe ya,t Interests ntrIsed u his charge with calm
and intelligent Judgment and without tie shauo"
eprosch, either upon his personal or oit [ t ascer
ia earnestly sought by counsel and by study 10 ascer
tain what measures Of administration wCid DesI p ps
| mScd his utmost endravors TO anelorate n hIxhcla
! linculies that Unexpectedly dsturDeu uc oS can
curront of business. while he was patent anu cou %
h.rare of diverse opinion, upon every Important Sub
cct ne firm and persistent In msInohms o ~ onl ms
and c was s hsPPy As IN Mc IL of ose who agreed as
those who differed with him in judgment .,..,o, .ho
hoIc couniry can fclIcate itself upon the honorable
record that has characterized te m.1VS u NJ Win
ury Department under the administration OF Mr' WIZ
Henry W. Cannon, president Of the Chase National
Bank, aid H..
Although the late secretary Window wei cGo9 I,|3
friend of the President. and undoubtedly ms chei
coun-eor on financial matters. cannot beleye thi' "a,
hi, death will change the financial poHcS Oh f ,,ff Sc
rctary Window consented to address inc b9arl ft M 81
Trade and t t fre e% Eonare m 1t Is
hardly possible that the >ecIrtary repIesentlhs n W.
IN ch close relation, with the President would have
delivered such speech - tat ~, ,I st tb ,itcr
auc., we're not official II seems e. me that by reading
otwccn the lines the financial policy OF TINS Adhlnls
tron +. made clear Therefore ! see no reason why
hc secretary Sudden death should have dl,actfou,
cncr upon the finances Of the country. although .,
course il j, great loss 70 have man - Wen IoiheI Ioii
upou all financial subjects and upon the pld'ucui
wording, Of The Treasury Department pa', away m
finished business with the exception OF the presenI.
legislation before both hou'g5 OF % Spo and
there is nothing pending Of grave importance ~ the
% e fsken M % by Mr WIadom successor
wc may safely conclude that MS successor WIN ~ "
n cry TTS tw mem in tbs country been in public life
Tor longer period than tie reereaaSih in ne wa and
When Minnesota admitted a' state, ne was one
Of il, Representatives In ConEcs,' Whese ne c S"rrru
OF Ng'." M Ser,tary of the Treasury. His work in
the new state that he represented. stan0llg ior II
"r nrutnnt lceIsator Mr.. Window man Of great
carne,tness and character. lie maze many H"tn h
friends ard as he was vigorous and persistent, ne
naturally at times had some opposition ana utta'h,.
During his last term aN secretary Oi the iredSuS liz liz
vIs a man who never he-itatcd to consult with those
Who had knowledge on any subject under cosurtaMHn M
in times of difficulty The conee'ted sui'e y, ,no
Treasury during the last two years mas been hhues
If grr.lt concern 10 this country and Mr. Window, rs
,ho money collected by his Department 10 channels oi
1adr ana in spite Of opposition rom @ ccr,st SIr"mt It
extreme measures in the purchase OF bonds to rel'No
the financial situation ,
81 scc no reason why Secretary Windows death
,houd seriously ac,t finances, said President "eof-9
= rokcr. Of the First National Bank. There IS cny
ore thing Of importance under considerations ana
that +, the question Of silver coinage " 10 ''.
wipdon,,, successor. | am | cannot speak, Oht
think senator Allison would Uc good man ior ''io
Mace lie has previously refused IT, however.
81 have known NJ Windom for wears ana nave
bcl,T him I'm the highest c,t,cm,' said James H 'oI
potc Of James l.; colgate ~ CO.. AT W" ." VAIL ST.
lie was 4 man Of such purity OF lie s"ch eI'N"
uon OF ideas. rs well as II sound judgment an"
executive ability rs j. rarely found in podl'' lie
las often visited me at my home On the HUDSON
Eivcr and | nave always felt that my home was 'he
better Tor hi, presence. NJ department E" '''' ''""
t,y is dependent ou any one man. however ana
do not think there will be any trouble now
81 do not look for any unfavombic changes IN
financial affairs said John Jay kn)N president "l
nc National Bank Of the Republic. There is moth
lug in the Treasury Department now that requires
mara than usual attention John sherman is. OF All
men the enc best fitted to take the place now m@G'
vacant and senator Allison comes next
81 WAS never moru shocked than when read the
notice Of Mr.. Windoms death this morning con-
tlpucd Mr.. Knox / have known linn since the time,
II ,-56 | became a resident of ST. Paul Mr.. Window
,nmo a. about the same time, and located
in Wmona remember meeting linn hrst
nj a Republican convention in ~. Paul ho
has been In public life during the whole
perod with the exception OF about SIN years, since
Minnesota was admitted into the Union There are but
two or three men living who have been in public
! life so long and no who, young man. has
been Of more service to new state. In Congress ho
served on the Committee on Indian Affairs, the com
mttce ON Territories, and other csnmlttecs IN whch
ne was enabled TO he Of great service 10 the state
IF Minnesota During the whole Of MI Window.
career at Washington, up to the time he was appointed
secretary of the Treasury by President Garfield, was
:here as Controller of the Currency. few weeks
after his appointment a. secretary OF the treasury
/ had tie peasuc Of accompanying him and Attorney
General NIacVcagh 20 this city, II consult with the
bankers here regard TO the payment of the Us OF
ls7I which were then aLont 10 fall due. 1t was
suggested that these bonds might be extended, with
the consent Of their holders. into 12s. Mr Window
and Mr. MacVeagh graspcd the Importance OF the propO