The sun. [volume] (New York [N.Y.]) 1833-1916, 1896-12-06
N PONDER POLITICS
URaED TO TAKE a LITELIER IN
TERESr IN PUBLIC AFFAIRS,

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Mayor strong Think. the Waited States
Couid Oct hlopE without Hts Congress
-Fairohnd Wants Bank Notes Iustend
OF Treasury observation-disclosures Doesn't
want Cuba and Acknowledgements
walker Wants an Opposition Party.
Group VII. of the Bankers Association had
It's annual meeting at the Murray Hill Hotel
Yesterday. The counties included in this group
are Dutchoss, Orange, Putnam. Rockland, Sui
Ivan, Ulster, and Westchester. and nearly all
OF them we're represented at the meeting. AT
terward luncheon was served for the members,
with their wives and daughters. a number of
guests, including Mayor strong, wero present
and made short speeches.
Bradford Rhodes, the retiring Chairman, In
troduced Mr.. Strong as a reformed banker"
The Mayor said he had entirely forsakcn all his
business interests when he took ONCE. He made
one Of his iocose speeches, hitting particularly at
Gen. Butterfield, who had just left, and whose
Fifth Avenue home has recently been flooded
with water, and ut Congressman j. III. Walker,
VINO was present.
II am sorry to see that Gen. Butterheld has
gone" he said. but within tho last twenty
four hours ne has Joined the Baptist Church
and became a believer in total immersion, and
suppose he had to 20 home and get his clothes
aired In time to 20 to church tomorrow. IL
there arc any reporters here, | hope they won't
let this get out West to the Bryanites or even to
those In the city, but | want to say that the
banks of this city and vicinity have done more
to preserve the Union than any other one class
in the community. When Chase needed money
for the war he failed to raise 1t elsewhere.
but he got all he wanted from the New
York banks. II Congress would only let
us alone, and when 1t meets next week would
adjourn to January, 1S0S, l can say to Mr..
Walker that nobody but the Office seekers
would go into mourning. Practically no BUSH
ness is done in this country while Congress Is
in session. because the unexpected may hap
pen, although it never does. There is always
some thought that Congress may pass n law
for the general benefit OF the community,
although OF course 1t never does"
Ex-Stcretary OF the Treasury Charles s. Fair
s en- ats ssnI sna to- S both b. Msxof and T.dII poi;,i ns s1 Hs
urged upon the bankers the necessity of taking
II greater interest IN public affairs hereafter. =,
1T seems to me-" be said, "tnat the political
contests Of the future will centre around the
great social questions, and will involve what
most OF us will believe to be the fate Of tho
country. II behooves all such bodies as this to
exchange views on Il ese questions. that al! NAV
10 prepared intelligently TO moet them. Many
of you did not appreciate the Importance of this
treeistiyer question, and made no study OF it
future. We have got to give a good deal OF our
thought to these questions. We ought to get
business right away. because in meeting the
problems of the future we want as few unneces-
sary question: involved US possible. In this
election your government wasn't SO very far
from going into the hands OF the people who
managed the hicngo Convention. Imagine the
consequences with them in control OF your
whole system OF finance. l believe this whole
matter of paper money can safely DO left to the
banks. to be based upon their assets IN some pro-
William L.. Trenholm, formerly COMPTROLLER
Of the Currency. endorsed what Mr.. Fairchild
had said a. to the necessity of interest in public
affairs, but he would extend 1t also to State and
If the State of New York" he said. were
as we'll governed as the city OF New York now
are. Bear in mind what a staSe you have 10
the government or the State and in the consti-
,n1 % Of the LsF lis Azure IN What ,hs s has been e , done
only unite tsgtsls MRi at Albany sss and
an. .9s e. %s'aHS' .m Ss Hn'' 9on have - r sessi iH,
terest in the preservation OF honesty in state
principles on Which business men deal with
rescue the State Government. You can't have
the example of dishonesty in q public oficia!
without its influence entering your walls and
causing losses Of money which you are bound
William B. Hornblower said: There are two
things we must guard against in the future. 1t
Is unfortunate for both paI ties that Mckinley
goes Into Office without an opposition party.
There Is great danger that the party In power
may go too far. especially in paternalisIn and
man. Democrats have shown their patriotism by
voting against their party. Bnt when yon talk
jingoism goes too far. We have admitted hall
baked States. and we have reaped the reward.
Much OF our trouble Is due 10 that. We have
given Idaho, Utah. Wyoming. and Montana the
same influence in the Senate as New York.
we to add Cuba and Hawaii? Under the if-
teenth amendment every Ignorant nesrot In Cuba
generation ago. will! have a vote. The fight
VIII be against this excess on the part OF the
Republicans. and it is the Republicans OF wis
dom and sagactty who must make the fight.
Congressman Walker. who i. Chairman OF the
HS%@, Of Re en nenn.rE sn said i VII! Want to enc
dorse what the last speaker has said: The
aislnf t. a teppible OF mis shs psFt to this Ht eo 9pP1sy.
You don't know how much IL means unless you
have made q study Of p"lit1tal history. have
party. II they don't. who is to lead their mis-:
guided brethren back to sound principles
that may follow the destruction OF this
great party. The only thing i. that the
Gratis, who stand BY the party helm
ready to push it, will keep us sober. You bank;
your portion in this country. You hold the
very highest place in the pyramid which con
%stitutes the social structure There is not n bust
ness that doesn't have as its most necessary
PARTNER the banker, No other bushes. could
ment that you hold. You want the Govern,
ment to have nothing to do with YOU 6eYond
s m.sSnhiGs, sp nroS ne,lno An oa S S1,snn nos,, to You sn1
want to manage your own business"
Atihe business session Ldward Elsworth o. o.
group for the ensuing year: Charles +. Var
Inwegen Of Port Jervis was reelected Secretary
and Treasurer. John J. Crawforh delivered an
address on 1.-The liability OF officers and stock
holders OF domestic corporations for loans mad
TO the corporation"
+. II. KiIburn, the State Superintendent o
Banks. addressed the meeting. He said TIN
EIsat results OF the gold standard victory coult
not be entirely appreciated yet. He knew o
three banks in the state, now In sound condi
ton. which had determined to close their door
. II Bryan were elected. He believed the wa
against the gold standard had been nade an'
y had been unsuccessful, and would never be re
W newed.
n A loving cup: was presented 10 Samuel d
Coykendall Of Rondout, n member of the group
10 recognition OF his entertainment of the mem
bers at their meeting last summer.
Il DEFENDED THEIR SISTERS.