The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-06-08
BANKERS OF THE STATE.
Resolutions on the Financial Questions
Adopted.

President Cleveland's Course on the
Repeal of the Purchasing Clause of
the Sherman Act and the Veto of the
Bland seignioraEe Bill Endorsed.
The Association Also Stands by the
President on the Silver Question.
The Defeat of the Brawley Bill De-
plored-ofhcers Elected.
Atlanta Ca, June = The Georgia
Bankers Association adjourned to-day to
meet again next year in Brunswick.
The following officers were elected:
Presldent-T. B. Neal, of Atlanta.
First Vice President-G. Gunby Jordan,
of Columbus.
Second Vice President-C. H. Olmstead,
of Savannah.
Third Vice President-Joseph S. Davis,
of Albany.
Fourth Vice PRESIDENT C. Haynes,
of Augusta.
Fifth Vice President-John H. Reyn-
olds, of Rome.
Secretary-L, P. Hillyer, of Macon.
Treasurer. w. Cabaniss, of Macon.
Executive Committee-John A. Davis,
of Albany; H. L. Crane, of Savannah ;
G. A. Speer, of Lagrange; R. j. Lowry,
of Atlanta; W. A. Wilkins, of Waynes-
boro; J. G. Rhea, of Griffin; w. S.
Witham, of Atlanta; B. w Hunt, of
Eatonton; w. E. Kay, of Brunswick
Chairman T. B. Neal, of the committee
on resolutions, reported the following,
which were introduced and referred to
the committee yesterday, and which were
adopted to-day:
Whereas. Every bank in the very nature of
its business, belongs to both the debtor and
the creditor class, since it is constantly in
debt to its depositors whilst lending to its
customers, thus standing impartial, and the
constant haUitual dealings in debt, credit, ex-
change and currency gives a certain special
and expert knowledge. and this convention
deems it appropriate to the times, as well as
both a duty and privilege to lay the views
OF It's members tefore its fellow citizens on
those great subjects, and also in the men and
measures prominent in the pu0lic mind in
connection with the same. and with the in
tegrity Of the public credit Therefore be it
Resolved. BY the Georgia bankers in con-
vention assembled, That rec ognizng the wis
dom and patriotism of President Cleveland,
we indOrSe his course on the repeal of the
purchasing clause OF the sherman act, as
well as his veto of the Bland seigniorage bin,
as the only logical solution of the silver
problem. and we believe that his firm atti-
tude upon this question was absolutely nee
essary 10 protect the sOundness Of our cur
rency, ana to recall into circulation millions
of money which had been hidden away dur
lug last year stringency.
Resolved, That with all patriotic Ameri-
cans we believe that the hnane al policy of
the administration is not que to any hostility
toward silver as money metal, or to the de
sire to establish and maintain a single gold
standard. but it has been directed so ely by
the conviction that the further coinage of sill
yer by our government can only be safely un-
dertaken after an international agreement is
obtained with the great commercial countries
Of the world.
Resolved. That we deem it sound financial
Vafl f hsa Of no Tod rHrAE.
to enact into law the wise suggestion made by
President Cleveland, VIZ: 10 permit the
Secretary of the Treasury to issue low inter
est bearing bonds for the purpose OF main
tanning the gold reserve when the condition
OF the treasury demands such issue of bonds
THE TARIFF UNCERTAINTY.
The committee itself presented this
resolution, which was adopted
Resolved, 1t is the view of this body that
the the long agitation of the tariff question
without action on the part of the United
States congress has been and now is disas-
trous to the financial and general business
interests of this country. We hope for the
speedy passage of a tariff bill that shall
prove as equitable and Just as is possible for
any measure to be in a country where there
are two parties at issue whose private IN
terests seem to conflict with each other.
The cotton states exposition was in
dorsed, and congress was urged to pass
upon the appropriation asked for
The state legislature was also urged to
make an appropriation for state display
Resolutions asking for United States
mint at Atlanta were also adopted.
On the failure of the Brawley bill the
following resolutions were introduced by
K. j. Lowry, of Atlanta, and referred to
the executive committees:
BE it resolved by the Georgia Bankers As
soclaton in session at Atlanta. at this time
That we ask and urge our congressman and
senators to do all they can. by new bills or
otherwise, to relieve us of the tax imposed
When only our timely action saved many good
institutions from being forced to suspend and
untold financial trouble would have
reen entaied, which would take years to
eHace but for our timely acUion
IN issuing clearing house certificates to tide
over the temporary financial trouble all of
which have long, long ago, been redeemed.
Yesterdays action in passing a resolu-
ton memorializing the'legislature to re-
8 peal the three days of grace law, was re-
considered.
Tonight the bankers were entertained
at banquet by the Atlanta Clearing
& House Association.