New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-08-16
rsy TELEGRAPH To TIE TBIBryg.l

co,ooo Aue 15-About one hundred delegate
va, In state convention here to-day 10 organic
tho New-York State Bankers Association. Ada.
,ional delegates are expected tonight and
believed tina, the membership VIII exceed 10 Sew.
ora, ~ tho delegates represent number Of banks
A ,ennorarv organization was effected by electine
Henry G. Brewster OF Rochester. chairman. and
charles Adsit of Hornellsyille. secretary. The
ono,ruan stated the object Of the convention,
,.o- wbicb an address OF welcome was made By
ox.state Senator John Foley. president OF the Ci.
zops' National Bank, of Saratoga Springs. The
hair Amounted the following committees. which
will report tomorrow;
ON constitution and By-Laws-J. Mcdonald ana
J. G.. cannon, of New-York, and W. [. cornwell
OF Buffalo.
ON Permanent Organization-F. p. Allen and J.
~ ,tues Of New-York: j. A Kennedy. OF Buffalo;
:, A Scramlng. of Oneonto. and l.. J. Clark Of
Pulaski
An address was delivered by James H. Eckels,
Controller OF the Currency. y telegram o: friendly
Greetings was received from the American Bank.
ers' Association. After session OF an hour and .
half the convention adjourned I'LL O'Clock to-
morrow afternoon. when an address VIII be made
bv Charles NJ. Preston, Superintendent OF the
Stare Banking Department. In ms ADDRESS to-day
Mr. Eckels said among other things:
TIE 0eld of financial teaching is one that such
asshc,ations as this ought egltimaiely TO occupy.
,'hc ,na,orial interests here represented, vast a.
the, are are not Of the few; but o. the many ana
everv step here taken tending 10 counteract tho
in1slence of those who teach financial hereslts
vh.ther bearing upon banking or currency is out
an additional safeguard thrown about the properly
rights Of those whose trustees pahA omceis an!
nv the banks and kindred institutions OF THIS ana
oher sections OF the currency except IN the small
Ger degree are not the capital and wealth OF hose
active in their management IL i thdt OF lhe snare
boiler and the depositor. whose NUMBERS are many
millions whose ayocations are a. vatisl a. .n.,s
arc calli1gs In NE and who. intrusting earnings
erea. and small 70 the bankers. NATIONAL, slate.
Savings and private, OF right may We; demand Ok
nrotact their accumulated store from shrinkase IN
value or total loss. whether II be from absolute
dishonesty negligence OF action or rom ehaeuas
into law a financial vaGary, whlca. - US eonc.p-
ZION contravenes sound principles ana N us opera.
ton destroys confidence in the Nations monetary
system and thereby causes widespread eomme'eln
depression ana rum .....u..
+ am not unmindful that apparently prelriice
exists against the banking interests assuming 70
take part In the discussion OF monetary questions
upon the grounds OF sef-!nterest. but such reiA.
dice IL only apparent. II does not eSls, IN lse-
II may be harbored by some pohucn.h W. 1877 ss;
ma here and there md expression Qn psuo1Lm asa
in legislative hall. but IL does not haw 0lsmea.
with the sober-thnking people VINO apFeusM ~
the proper sense their property interests sna us
Of heir fellows II is not found in ndiyi1a eOn;;
r,,,ni,ies where each days business j. q'i0hsnst
nv IFS banks and whore the idle wcaIln = sa
G3v augmented by the employment throusn m.A
Inc channels OF capital which otherwise ~ouia "
The continued increase in the number OF oannns
,rs,itutions trust companies ana loan assocauo.s
in every portion OF the land Is ainpl. W. hassats
the fact that the people appreciate thf 1880 ga Ir
arcr,,ne from them, and added thousands 0. ~. ~
vestors and patrons prove full commence !" '"'-
management.