The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1896-06-16
BANKERS

The West Virginia Asso-
citation met at FairmOnt June Pad and
3rd and passed the following:
"ResoIved, That the Bankers Cor
vention of West Va. declares unequivo-
cally in favor Of the existing gold
standard of value, or as may be here
after determined by international
agreement, and believe il TO be the only
way to maintain the public credit of
our country and the honor and integ-
rity of our government.
SO. That it is of the greatest import
ance to every business man and pro
Queer and wage garner to do his utmost
to maintain the credit Of the govern
ment and to use his best endeavors to
enlight9n the masses and stop the agi-
tation in favor of the free coinage Of
silver, which has interfered SO serious
ly with business and has stood and
stands in the way Of the revival Of COZ
fdence and national business prosper
ity."
Col. Thos. O'Brien, President of the
Peoples Bank, of he9iing, stool
alone opposed TO these resolutions.
The Missouri Bankers Association
met 1875 strong at Pertle Springs, Mo
May 25th, and the principal thing done
was the adoption of the following:
"ResolUed, That the Missouri Bank
ers' Association place itself on record
as being irrevocally opposed to any de-
basement of the currency, and IN
pbatically declares In favor of, end
urges the maintenance Of the gold
standard Of value.
That we are in favor of the imme
date redemption of greenbacks and
the Sherman certificates and of the
government coming silver purchased
under the Sherman Act, and retiring
from the banking business"
The Iowa Bankers Association a few
days ago adopted the following:
I'VE declare that we are in favor of
gold as the only standard of value, and
take a definite and unmistakable stand
against free coinage of silver"
I'VE believe that the legal teni er
paper now outstanding should be re-
deemed and retired, and that the gov
eminent should go out of the banking
business"
The Georgia Bankers Association:
"The most important and indispen-
sible factor in any governments sue
cess and prosperity is a sound and safe
currency.
Tine financial history of the world
proves there must be behind all forms
of currency a reliable, stable and fixed
redemption OF money.
I'VE favor the use of both gold and
silver as redemption money, to the ex
tent that the parity of the dollar of
both metals can be maintained at equal
and interchangeable value.
I'VE believe it would be impossible
and suicidal for this government alone
to favor and undertake the unlimited
coinage of silver at a ratio of Is to l."
Texas Bankers Association, at Dallas,
Texas, May, 49,:
"ReSOLUed, That the Bankers Asso
citation, of Texas, believes in honest
money and sound currency of sufficient
volume to meet the increasing demands
of population and commerce.
Believing that both gold and silver
concur together in forming the none
tary circulation Of the world, and that
it is the general mass Of the two metals
combined, which serve as the measure
of the value of things, we are, there
fore, IN favor of the use of both gold
and silver as the standard money OF
our country, and believe that Congress
should at once enact a law authorizing
she coinage of both metals at our minis
on equal and like terms at such q ratio
as will maintain the parity and give to
every dollar coined equal purchasing
ard debt paying power