New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-12
SILVER CRAZE DENOUNCED.
THE BANKERS AT SARATOGA DECLARE
FOR HONEST MONEY.
RESOLUTIONS ADOPTED WITH ONLY ONE DISSENT
ING voTE-ApDREssEs BY EX-cONGREssMAN
uARTER. II. w. YATES AND JAMES G. CAN
NoN-TIIE CONVENTION ELECTS OFFICERS
AND ApJouRHs TO MEET AT
NIAGARA FALLS NEXT YEAR.
[pY TELEGRAPH TO THE rRrr-SE.]

TpY TELEGRAPH TO THE rRrECNEI
Saratoga. n. y. July 1.-THE New-York state
Bankers Association. at the closing session VI .,s
second annual meeting to-day. declared emphat-
cally In favor OF sound money. Inc reso''o".
we're ndopted with only one dissenting vo'e-tha'
of W. p. st. John president Of the Mercanuie Ma
tonai Bank of New-York who desired 10 We ~
corded in favor OF free coinage the reSoi",'o"s'
which were reported by A. 3. Hepburn Oh New
York City. were as follows: l.,
We the bankers Of the State OF New, orn, ~ ia
to the Of 10000 In the form n o; sspns
declare ourselves favor pt honest , mcnsy to we
are opposed 70 Imitation rynv w aee are opposed to
he free coinage OF silver at the ratio Q, 10 n no
ing fnll We that the less valuable would Inevitably
drive out OF circulation the more vaiuao,e No
sodgood everywhere good by the standard Of the
world and good in the msrs q the hands %Tfo Of caps
We IN" demand o. currency good and stable based
upon the highest standard known to the slserhooa
81 and Which shall arm and
lasting basis to restored and continued prospely.
Ex-Coneressman Michael d. Harter OF ONO
made a long and interesting address on Sound
Money" He was outspoken in favor OF god
basis Bimetalism. he said. would be success
only when water runs uphill the winds cease ~
blow and the sun fails 10 shine. He declared 'na'
sound money existed in this country by the grace
OF God and Mr. Cleveland" The gold nations, So
called were the most prosperous sound money
was OF a hundred times more value to the people
than the volume OF money. He compared England
with France. England. he said can yearly ieno
S7oooO0OoO while France can lend nothing win
stable circulation the bankers OF New-York City
could do the banking business OF the world. but as
Il Is the bankers OF London control the business
Of every continent and island on earth MI Harter
severely attacked the free-silver craze. which ne
characterized as greenback imitation In disguise.
He praised bankers throughout the country for
md fhav had
money The bankers. he said. stood as a wall TO
protect the people from being robbed.
H. W. Yates. president Of the Nebraska National
Bank. Of Omaha. made an able address on The
Of sound money and against silver imitation
Brief speeches were made BY c nGs@ o HeW
The Committee on Constitution and Bylaws sub;
ADOPTED ia1as us The rspI following Officers were elected
rdarS NatoSai Bank city
Vicc-president- George B. Sloan president Second
secretary~f .edyard eOgswell; vice-president New
Nasional Bank BuffaI sse 'ep' e''' ''''
FAILS ss spo.s r 81 the nsss
business James G. the neTy elected ,s
Soon the ' sanssrs Visited Mount McTsseT and he
Saratoga Battle Monument at schuylerylles Early
Task at Ysdao .ef his scat in
The banquet at the Grand Union Hotel tonight
served In the ballroom William c. Cornwell. Of
Buffalo, the retiring president, acted as toastmas-
ter. Ex-Congressman Harter responded to The
Banker in Politics.; b. f. Walker. of Toronto, to
'Canada--our Mutual Relations; Charles s Fair
Have Rendered and that They Can Render to the
People: Charles NJ. Preston. Of Albany, to Ger
tain Phases Of the Banking Law: Alfred S. Hell
delbach, Of New-York. to the Outlook for More
and Charles H. sturges, president of the village
OF Saratoga Springs. TO "Our Guests and the La
dies" lmpromptu remarks were also made by