New-York tribune., 1896-03-29
FLATFOOTED FOR GOLD.
WHAT STATE BANKERS WANT THE TWO
CONVENTIONS TO SAY.
RESOLUTIONS PASSED BY THE MEMBERS OF
GROUP vII-REMARKS ON THE FINAN-
C1AL SITUATION BY REPRESENT
ATTVE FOWLER

Plain. unvarnished declarations for gold are re-
ouested from political conventions by Group VII
of the New-York State Bankers Association, which
met yesterday In paror II at the Murray Hill Hotel.
Group VII consists OF bankers from the counties
of Westchester Duchess, Orange, Putnam Rock
land Sullivan and Ulster. Bradford Rhodes
chairman, and when he rose to call the meeting to
order he faced Peter j. Elting John ID. Judson,
NJ G. Muir, Joseph A. Sneed. w. E. Scott William
F. Parshall. Charles Bray. George w. Chase, Rich
ard j. Scoles. Robert A. Patteson, General Daniel
Butterheld, F. f. Pitkn. J. E. Bates. Edward Els
worth Gouverneur Rogers. Edward Hartley, Will
lam II. Doty, X. G. Brewer L. II. Youngman. c. II.
Fancher. Cornelius A. Pugsley and F. f. Whippe.
The various committees reported satisfactory
progress, and then the following resolution pre-
sented by c. S. Pugsley. cashier Of the Weschester
County Bank. at Peekskill:
Whereas. The continued agitation In favor Of the
free coinage of silver and the evasive declarations
standard Of values have been productive of great
commercial disaster and have tended to create
doubt as to the stability of our monetary system
Resolved. That we urge upon the delegates to the
the necessity of insisting such action as Will
secure plain and unequivocal declaration on the
maintenance of the present gold standard.
Edward Ellsworth chairman of the Executive
Committee and president Of the Fallkill National
Bank at Poughkeepse. arose as soon as the resolu-
ton was read. and sad II think that our action
ought to go beyond this Nothing terrifes the
ordinary politician public opinion. and l think
that the time has come when he needs to be terri
fed. We do not want to any halfway, llmping
invasion OF this question in the political platform
OF either party. We want TO so stimulate public
opinion that II will be reflected in the political plat
forms adopted at St. Louis and Chicago" The
resolution was adopted unanimously. Luncheon
was then served. and at its conclusion. Charles n.
Fowler. Republican member of Congress from
New-Jersey, and also a member Of the Banking
and Currency Committee delivered an address.
which was applauded.
He declared the only remedy for our financial Ills
was the funding OF the National debt in low-rate
S1d bans @ of 20 fo out %
the banking business and the greenoacKs anu ana
Of S SSSna be s @ s m
tfat the lack of the prime cause OF
that the p1S
the free coinage OF silver at le to l. The endeavor
eessu II we woua put ourselves on on gOd IS s'aha tha
s6anfy @ss largely Of g
stead Of bank" deposits; Great Britain had the
the banks of England Ireland and scotland: and
e he ere m Germany 81 bond
tain limit there was aruay M no 1 % Hsve az fbs
Eia1 sutons SHeS he right hP issuing equal
credit but thai the banks is had s ex
Of single summer while the crops were re being re-
per a capita spH circulation and the booms and financial
4asSn lSn 1s 1 91i3sa o 3 0a' sas sfa
ass As and and US On hs M
Dallas Kansas City, Wichita. Omaha. Minneapolis
S. Paul. Duluth Spokane Seattle Tacoma Los
speculation. Increased circulation had nothing 70
do with the speculations in Australia Increased
unlimited buying in London from 1886 to 1890 when
You could sell almost anything from a beer saloon
10 an undiscovered continent In that market. The
people Invariably, made the mistake OF taking the
expansion of credit for increase Of good money
being constantly redeemed over the counter OF the
bank Of issue.
ladies' Including Miss Madeline Blake. secretary for
the chairman. The meeting adjourned after a vote
Of thanks TO Mr.. Fowler.