The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1896-04-10
MARYLAND Bankers Convene,

Baltimore, April 9.--The Maryland
| Bankers association held it's first con-
vention in Sutro hall this afternoon.
| Comptroller of the Currency Eckels,
| exComptroller Cannon, Presidents
Hardy and Rushton of the Virginia and
Pennsylvania Bankers associations
Colonel William M. Singerly of Phila-
delphia, Governor Lowndes and Mayor
Hooper were guests
The hall contained notable gather
| ing of financiers when the session was
called to order by J. Thomas Smith.
| After a prayer and selection of tempo
rary officers, addresses of welcome We're
made by Mayor Hooper, Enoch Pratt,
| the Oldest bank president in the coun-
try; Robert Ramsay, Eugene lowering
and Bernard Gilpin, representing the
big exchanges of the city,
The first real business of the con-
vention and the most important to come
before it, was the resolution for sound
money, offered by President c. c. HON.
er Of the Second National bank. Mr..
Homer was chairman Of the Committee
on the Baltimore plan for a national
currency system, which was approved
by the American Bankers association
| two years ago.
Mr.. Homer explained that his resolu-
| ton had been submitted to and APP
proved of by the Baltimore Clearing
house association. Comptroller Eckels
and ex-Comptroller Hepburn had also
endorsed them.
THE burning issue of the hour, both
/ political and economic, is the future of
| our currency continued Mr.. Homer.
I'm the fierce attack now being made
upon the integrity of our money it is
| the duty of every patriotic citizen who
| believes in the preservation of our fl
| nancial honor, in our dignity as a ma
| tion and in our Importance among
the enlightened powers of the world
to proclaim his allegiance to the cause
of sound money, to the end that his in
| fluence may be felt and that the agita-
ton which for years has been so harm
full to our prosperity, so injurious to
| our industrial and commercial improve
ment, may receive a lasting quietus.
Had the adherents to the cause of
sound money displayed but half the
| energy of their opponents, the issue
would have been long since decided.
Proud of Maryland's finacial record,
upon which rests no stain, mindful OF
the unique history of our city where
no bank failures has occurred during
the past sixty years, alive to the de-
mands of the hour, the Baltimore Clear
ing House association requested of
| your organization committee that this
enumeration by the Maryland Bankers
association might be the first, as 1t
shall probably be the most important
act of this convention, and l am dele
gated by our Clearing House assoc1a-
ton to state emphatically and earnest
~ that the resolution which am about
to offer conveys to you it's attitude up
on the currency question as unanimous
ly expressed at recent meeting.
Resolved, That we are unalterably
| opposed to the free coinage of silver
and to every debasement of our cur
rency, in whatsoever form it may be
presented; that we firmly and honestly
believe that the true interests of our
country will be best served by it's rigid
adherence to the gold standard of
| value, the continuance of which not
only reserves it's financial integrity
and the future welfare of it's citizens.
from the wage Garner to the capitalist,
but will insure, through prompt resto-
ration of confidence, that rapid develop
ment of it's resources which will event
ually place it first among the CONNER
cial nations of the earth"
Comptroller Eckels commended the
resolution in an address to which
every banker paid the closest possible
attention