New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-23
AN APPEAL TO BANKERS.

THEY ARE URGED TO Use THrIR INFLUENCE II
FAVOR OF THE REPEAL or THE SILVER LAW.
The annual convention Of bankers. which had been
called TO meet in Chicago next month. has been
postponed ndcitey owing 10 the financial s'ring"ncy
which requires the presenc" at his post OF duty OF
every bank president in The country on that ac.
count the following proclamation was issu' yesterday
by the American Banners Association
To the Bankers Of the United States.
Gentlemen: The extraordinary monetary crisis through
which the United States are now passing when Involves
the banks Of the country extent that comp's their
officers 10 remain constantly At the post Of duty Will" the
danger IL imminent has constrained the American Bank
crs Indefinitely postpone ~ annual con'
called for the 9Th and 9Th poN at Chicago TINS
will prevent such expression upon part Of the assoc
cat on as the situation demands which ohew- -
be made 1t thus becomes the du'y Of the officers
Of association TO sp~ak for az this time ana s"g
COST them n be the proper action Tor The
bankers Of take Immediately with view 70
Obtaining speedy rcc: from tho continued ana ui>a''"'
etrngcBcy.
|. IS manifest that the Immediate cause Of the pro-
loccd strngency the fear and Apprehension Of disaster
enrendcred the minds Of the people by the continued
pV hase, of silver by the Government ana bv the IN
ccasng Issues of It's Obligations therefor. rcde"mabe in
gold which fear aud apprehension only be removed
and confidence restored by the removal Of the cause II
i, believed bakcrs Of the country VIII und"r-
stand and realize this great II not 10 greater cN-
toni than any other class Of citizens and it Therefore be-
come, the duty Of such Of them fully realize this to
urgo upon their fellow and upon Congress the
cret ,sity for Immediate and uncOnd uona Re-
neal Of the pure chasing clause Of the Sherman Silver ac
The repeal OF this clause i demanded IN the Interests
y, those fayorng gold standard and Of those fnyOring
the uso Of silver with gold. the continued purchase OF
enorou, quantities with gold obligations only
result in the final inability OF the Government To redeem
such obligations in gold, and In the continued over
production and consequent further depreciation Of silver,
thus rendering prospect OF any International agreement
for lis more general throughout the world hopeless
present.
The President Of the United States having convened
Conrress in extra session and recommended 10 II such
repeal the power OF pubic opinion should be brought u
hear upon Congress induce favorable action thereon
This may best be done by invoking the aid OF the
aud by citizens writing their Senators and Representa-
tves and by sending them petitions urging such repeal
oil OF which should the fullest extent possible,
and without delay
\ blank form Of petition is inc'o'c1, to be circulated
among merchants business and others for their sig
natures 10 which additional sheets may BE- appended Act
al once I'm the and secure the Intelligent corpora
ton OF others providing them with printed or type
written copies Of petition for the purpose Respect
fully, WILLIAM H. KhA"N' rre''oe"~
r.. H. PUII.EN, Chairman. Executive Council
Sscrl