New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-09
4 CURRENCY EEFORM DINNER
MONEY MATTERS TALKED ABOUT AT TIE RE
FORM CLUB

] MONEY MATTERS TALKED ABOUT AT TIE RE
! FORM CLUB
| The form club held a dinner last night al the
clubhouse Fifth-ave. and Twentyseyenth-st Covers
! were laid for $50 members and guests. ana every
seat at the tables was occupied. The tables them
| selves were handsomely decorated with flowers
lamps and potted plants. and while the guests were
| enjoying an elaborate menu band in an ante-room
| furnished pleasing musical selections. 'harle'
: Farchild presided. Seated with him at the CUES
| table were C. G. Jackson OF Boston: Henry w
| Cannon president Of the Chase National Bank
| 4 u Uepburn president OF the Third National
| Bank; ". q. Oakman. president Of the Guaranty
and Indemnity Company John A. Mccall presi-
| dent OF the New-York Life Insurance Company;
| william H. Perkins. president OF the BANK OF
| America: Hugh : Thompson. controller OF the
! New York Life Insurance Company. and John eros
| by Brown ~ Brown Brothers Il 10. ~'s-a'.'
Among Others seated at the remaining tables were
! Louis Windmuer. Clarence H. Kelsey Hugh X
| Garden. Jacob schoenhof Wallace Macfarlane.
| United States District Attorney Edwin BALDWIN.
| Horace White. f. Ellery Anderson. Everett +.
| Vhec.er William f. owens. Andrew Fiske. or Bos-
| ton. Franklin Pierce. Henry LOOMS Nelson. seth
| Sora.le Terry Lawrence r. Sexton. f.. S. White
! man James r. Steers. jr.. Calvin Tomkins and r.
| - Woodward
Mr. Fairchild gave a brief resume OF the object of
| the Sound Currency Committee In arranging the
dinner. He said. In part:
The purpose or tne committee - ~
toseth information with the utmost oo,tl..D' "a
curacy In regard various currency systems nrst
| laws they were founded upon. and exactly what
their operation and outcome was Fnat VIII I'm
the suffolk banking system OF England. the system
IN New-YorG. the Louisiana system ana me syi ,,
toms which obtain in the West The committee VII.
also publish various documents which seem 10 pe
desirable which contain Information Wnicn mas e 9
useful and educating 10 the country We propose 10
enlarge and complete and revise our lists OF CORE
spondence 80 as to make them as conpiete anu
. all arar
documents into the hands OF as many peoPe III
the country as we Son these subjects
So FAR as the currency propositions are concerned,
~ an orranza,ion for the present at least. shall
advocate any particular system We propose 10 de-
vote our strength Il placing before the people ex-
act Information. without color without prejudice.
without desire ead their smlnds IN any par par
tlcular direction. In order tnat tnev MAY "o p'e-
pared for action at a iiturc time -f
He thon introduced &. C. Jackson. OF Boston,
who spoke with the ala Of chart. when covered
about 7x5 feet OF the wall at the head OF the guest
table on this chart were drawn number OF INES
OF different length and angles. to when Mr. jack
son often referred
rho next sneaker was H. ". Cannon. He said;
am not much OF a reformer. The world seems
good enough generally for me. but AFTER De'hg WI"
this CLUB tonight am lncnng hart 70 dnner and an
exceedingly good one. and then you got right down
to bushes Ss think legal lender notes should be
tired but 1t is great problem to know how 10
Win great caution. but believe that we are now
on the high road TO accomplish the retirement OF
iecal-tender notes. am not. however. certain that
thr exnort OF our gold Is caused bv redundancy
of our currency. as has been CANNED mere W.
night. III, .., nan, hu, ,,itb
credit While from $S5.00000 10 $lOJ.WO.NO or ous.-
moss masses through the Clearing House every day
verv little actual money is passed BUSINESS Is
now done by credit and the representatives. OF
credit. .. .... -.
The issue OF banknotes is n question that re-
,,tres careful considerations We have been
using them long that We forget that they are
mere promises TO pay
Mr. Cannon told the club of they decided TO take
m ,,s hanknote question as OF reform. TO
move carefully and bear in mind the vast army
OF deposltors who might become alarmed by any
radical change III. II, O.,,,o, lain
Mccall and Hugh $. Thompson