New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-03-22
OPPOSING BLAND'S BILL.
a LARGE AND REPRESENTATIVE MEET
ING OF NETWORK FINANCIAL MEN.

THOROUGHLY EXPOSED.

4 largely attended meeting Of bank presidents ani
bankers was held yesterday Mt l O'Clock a, the
Union Trust Company TO consider the danger in
VOWED in the Bland Silver Segniorace Coinage
bill George G. Williams presided and stephen
Baker secretary Il Of the most rep
rcsontativc conferences ev"- he'd by tn" financial
interests Of this city Those present were George
q. Williams. president Of the Chemical National
Bank: John \. Stewart president OF the United
states Trust Company; George i. Baker, president
OF the First National Bank; John VI. Crane. pres
dent of the Shoe and Leather Bank: L. D. Ran
dolph president Of the Continental National Bank
Isaac y. Sellgman. Of j. & ". Segmnn & CO.;
j. T. Townsend president of the Bowery Savings
Bank: T. s. Mason. president Of the Bank OF New
York; Isilor Wormsor. OF l. & 6 Wormsor: G. f.
Crane. Of Barring. Magoun & CO.; w. W Sherman
president OF the National Bank OF Commerce; H.
Bulge. Of IiallSa:cn . CO.; q. s Carter president
National Bank Of n. Repuhc: William A. Read
OF Vermilyc ~ Co.; l. Wolf, Of Kuhn. Loeb & Co.:
f.. II. Perkins. ir president Of the Importers and
Tradcri' National Bank; Erayton Ives. president
Of the Western National Bank: T.. J. Cross. o: Nor
ton Bliss & CO.: William Mertens " l.. Won IoI
mann g. Co.; John kcan, j.. vice president Of III"
Manhattan Trust Company. W. :. Lawson. OF the
Bank Of British North America +. $. Smithcrs. Of
finger Smthcrs & CO.; l.. X. Wrish.. president of
the National Park Bank; O. !. Wetzlor. o. J. j.
Probst y Co.; Dumcnt CLARKE. president OF "a"
American Exchange National Bank. g. D. Wool
galloway. president q tn, Merchants National
Bank: Henry ". Cannon president Of the Chase
National Bank: Scott Foster. president OF the "'o-
pies Bank. :. VI. Schnfcr OF Schaf"r Bros. H. Il"
Garth. president OF The Mechanics National Bank;
: q. Eafuo. president Of Tho SclhorTd National
Bank: Ceorg. E.um.atall 81 Laz1vI Frcr,s Folk
Campbell pr ..dcnt Of the Peoples TrGst Company;
William SaiaWol. 81 Spe.'r * Co.; Francs >
Bangs president OF The state trust Company:
Frank Dean. cfshcr Of the Fifth Avcnue Bank;
George ". Noun;. prcs.dou: of TO United states
Mortgage Company: y :. II"li'aach. OF Iiei'iol-
bach. Ictclhciucr 4 60: ". :. Perkins. prcs!lrn
Of tho Bank 4 America. AMI Stephen Baker rrcsI-
don't Of TIE lituk Of Tho M'nh1ttan Company.
There WIS j., lo1- discussion. !. E!war Sim
mons. pr' .der' 81 tn Fourth National Bank o.
fcrcI ;ac fo.Dw4-s preamble and resolutions. Nh.oh
were adoq:cI uaanmous.y. AMI Tire meeting then
adjourned.
Vhcrcas. \ hh u now before Tho President q
the United state for his apr Va! disnpproyai;
silver seruioracc. amounting 80 the sum 81 S.
1851; IL, rcby infaiing H." currency OF The coun-
mSlIng more ,iicult ~, Scnvcrtliity - the cur
rency which tre gold reserve is now obliged 10
Whcre,s TIE lnaaiins q our already REDUNDANT
bullion in the possession OF th~ Government. in
crease the consumption ~ TIM; metal or add 10
Whereas 40 benefit cen accrue either 10 tho
Government or the financial and commercial IN
bin to become law. but serious harm s likey 70
arise thcrcfrou in far ~ u NiU Impair tn
credit OF the Government and ada u tive prevail
Ing dstr.s, OF cur securities IN EuroV". mn On
courage Withdrawals ~ foreign capital. and cause
uly which is the source Of All oar stability; and
Whereas Vicious Legislation with respect TO silver
has been the cause az great suffering 20 IN" people,
end has paralyzcd tho financial and commercial In
t,r"s;s 81 the country. and q continuance Of the
sam. can result only IA checking revivirc Indus
tries ana sitting enterprises which are starting into
~: and
whereas \ nloY At the stability OF the currency
would again disturb the confidence thrt ~ being
gradually re-csiabllshcd I'm business circles. and
would retard recovery from tn" dsa@trous cf""ts
OF n panic tn scVcrii" uul magnitii" Of which
has never been cGuaucd I'm this country; and
whereas The bankers OF tie city Of New York
have always believed IN An honest ard stable cur
rcncv and In sound principles ~ finance. and have
at all times been ready aud willing 20 come 10 IN"
rclics Of the Secretary OF th" Treasury whenever
warrant their assistance. and
Whereas. Tn" officers OF the financial Institutions
firms and corporations Of N,W-Ncrk became sub |
scrhrrs 10 thn last loan negotiated by IN" Govern
ment with tn belief that tn" marketing OF the
bonds would prevent further imitation % H." cur
icrov 10y the coinage Of tn" sO-cned silver
.cigEioraro AMI feeling that. the loan made |
n success because of their Efforts they have claim
upon the Administration FOR veto of this bill; |
therefore be l.
Resolved That IN tho opinion Of tho representa- |
tivos of The financial institutions II New Orl Who
subscribed to the $J0.mn.VD per cent loan and |
made il success. the coinage or the silver |
sclgniorarc would cn1ancer the financial stability |
OF the Government, and would infict upon suffer
which would be far-rcnchins f. its disastrous con-