Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-05-18
FAvoRs REPOSITORIES
Woodbridge Says Governor Hogs Strongly sm.
ers the Plun-Tho Silver cts,e and
Fiat Money Hctesy Mention.
ed by Banker in His
Statement

San Antonio. Tex. May T.-tSpeclall
Interesting addresses and lArr,
amount Of Instructive discussion wert
beard % todny's session Of the Teas
Bankers association.
The hrst business to come before the
convention OF the morAng Hcssion WAS
The report OF the committee appointed TO
aunt the ueasurrr's report, which was
read aud adopted President Woodbridge
announced 4. ]. Gross OF Galveston, g..
A. Leir Of Victoria and Colonel i n.
Miller OF Gonzales had bron appointed
a. members Of the committee to draft
resolutions on u Heath Of The members
during tho past year.
The regular program was then taken
UP anu the address prepared By VI Lnskl
er OF Galeston, was called FOR 1hu sub.
lec, was the boarding Of the public mon.
ey OF Texas in the state treasury, how
TO restore it TO circulation among the
masses. Mr. LasLer was not able to at
tchu me convention, but the paper WAS
read by the secretary. Ia his paper, The
writer said: II hud from statement
mainly furnished by the state treasurer
that during the year 1872, there we're de-
posted N the state treasury Feb, IS,
SlOJS0i053 On May 81, 81 600 OtiT 90.
Aug. ~, Si.3i2, 25l Oh, and on Nov 10,
Sl.O1u,a22O3 an average % about $50.
ND OF money throughout the year which
WAS gathered Ia from Texas tax payers,
tied NJ in the vaults OF the treasury,
thus Withdrawn from circulation, draw
ing no Interest and doing no one any
good. That the tieing mp OF 80 large an
amount Of money IN country al much
IN need Of money as any country like
Texas. ought to be avoided II II prudently
eau be. No one will question further the
only security the state reserves for the
handling OF this vast amount Of money
il the treasurer bond for $4,000 the PEG.
Pile Of Texas had been particularly for
mnate In the selection " their custo-
diaus Of the state funds. hut many Of
system that Texas does, hive not Jared
so we'll. am great believer In this
state depository system said Mr.
Woodbridge, and II would be- the
law today had 1t not been for
mistake Of Mr.. Grcshm" He explained
how the error occurred and stated the
matter had logged along ever since. lie
stated that Governor Hogg Is pronounced
In favor of the Proposed bill which works
success fully Ia Missouri and Gturgia.
Colonel L. +. Miller of Gonzales
thought that snme statements made In
Mr. l.asker's paper are misleading, par
ticulnrly that portion which stated the
cities aud towns are growing rich nj
the expense Of the country people.
@. 4. Leyic Of Victoria then made nm
address on taxation aud state bnnk H.
sues. In part he said: "A distinguished
member vt congress IN public address
said: Men Of Intelligence arc not the enc
niles Of properly conducted banks. and
personally ] pnt very high estimate
upon their importance as factors IN hui.
man progress; 80 much so that II asked
TO name three agencies which did most
TO develop civilization | would place the
church HrgI assltRul anil huftl fttttst
aud " the way was clean TO maintain
the present banking system as our sole
source of paper money supply. | ain
not sure hut that / should place Il first
especially II II promised 10 bring me not
only an ample supply Of currency, but
4 cure for the silver craze, aud fiat money
heresy as Il L. considered there II M
plan for the efficient safe aud orderly
OF our banking affairs
which Quits the provisions for the per
petuation and development Of the ma
tionhl system | said year ago. In
a paper read before this body. that |
could not understand why the Demo
cratic party Of Texas should deem Il
essential 10 snccess 10 incorporate IN
Its party platform as one OF is articles
Df faith, settled opposition TO national
barks A years experience Of life has
not added anything 10 my stock OF wis
dom IN this regard"
THE AFTERNOON SESSION
opened at 2;.i0 .. IN.
q. w Lewis offered q resolution Of
thanks 10 Goodrich Iones for the mag.
niiccnt gnvcl given him. Adopted by
1 rising vote.
The question Of the Texas Bankers
association being represented at ia" com
ng congress Of bankers at Chicago from |
Iune 10 - %, rnd also NJ She Amer
can Bankers association was to have
be ~ considered, but the definite ap. |
pointing WIS deferred
The program Of the convention was
AIKEN up aud the association listened TO |
IA address on the national baking sys-
EN- by 4 Field Of Balenger.
The convention adjourned until
o'clock tomorrow moi Ing.