Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-05-17

slso.tom.

-There Il ISrs. d Itwaac. s ,'i',,
annual convention of Ia, 'eoyp Bankers
association, which openeu re today.
President Woodbridge of Austin presided.
The address Of welcome was made by
Mayor Paschal. and the response by Z. j.
Grace of Galveston.
The annual message of President Wool
bridge came next on the program lie
congratulated the bankers OF Texas that
IN tie midst of the general apathy 50
characteristic Of modern cooperative as
sicutions, they met for the ninth time In
Increased numbers and with Increased in
terest and zeal.
He said: In our local and national
Affairs Hre there any questions now pend
ing upon which We should declare our
cOnyictionsf we think there are, and upon
these issues J shall briefly indicate my
personal opinions williOut pretending for
an instant to do more Aud first IN i'm
portance ad urgency US think. Is the
silver question. 1t Is practicable for the
United States alone to maintain II parity
of gold and silver. with the free coinage
of both, and Il is desirable that alone
she should make the experiment.
l do not believe Ii practicable, because,
first, think 1t impossible by mere ar
bitraly act Of government great AS may
be It's influence and power to make equal
what Is not by nature So Secondly l
believe as civilization increases and con-
hdence and integrity grow less aud less
money of any Kind Is required In the
transactions Of men and nations, aud foc
the actual metal money needed, gold alone
will suffice. While ] believe this, | also
believe that even with this civilization and
progress perhaps resultant from II as a
counter fact, there is q large and grow
ing cuss of people who do not use checks
and drafts. and whose pay Is so small
that they do not earn gold, and for whom
silver as the morc abundant money must
he provided. | must, therefore, concede
the necessity as well as justice OF the
large use of silver as an auxiliary mon
ey. but that necessity and justice | am
sire are greatly exceeded by both the
free coinage OF silver aud the sherman
law, and whatever the convictions OF tins
association upon tlhs important question
may be, | think should be expressed "
clcnr Ahd cn1hutic largrnr'. J dghii pa
not believe Ii desirable that the United
States alone should attempt the free
roirn.er OF silver. | am sure II would
lessen her financial and political prestige
as Mo foremost nation of the world. l
an certain that as u young and gtowing'
INF n debtor nation, more curtailmeht ~
the nctual supply of money ana credit
would result from thus marring her rep
| utation than gain would come ABOUT rom
even the iree eolnaBe ol sl' 'sI ~, h..
present policy rom ny s,anV ii,,nss ib M,
wolves attempting BOTH an nnp9 .,, 1'
and injudicious thing anu II ought "
be changed .,.r, IA Lang.
more Of Rockdale was then re9d oo
The afternoon session convened ~ Zi;N
and the report OF the treasurer, NJ ~
o. Tcunison Of Dallas was Gall ..'ioi ,ori
The report was then read and referred
10 the auditing committee. , na, oil
President Wooldri1se lelqleS,t ,u '"1 baa All
Them 10 The secretary and have them
counter,dencd, lie also announced wv wv
| Mr. NcAshnn OF Houston was uhnp,
IA br present aud his paper entitled
points on Banking t,poir Mmch us
Public Should BE Enlightened hnd ho'