The times. [volume] (Richmond, Va.) 1890-1903, 1896-09-23

metal would be for the highest good of
the country. We respect their sincerity
in honestly advocating dishonesty, but rec
greet their hallucnaton ON the subject
and are surprised 10 see them In such
0sroputable company
"Tho question has finally been referred
10 the hallot-hox for settlement
The report Of Treasurer Porter on TIE
case of the National Bank Of New York
showed "a balance ON hand. September lst
from dues. S3.6lS and from the protective
account S.4i6 Total Sil6Gj
THE sECRETARY's REPORT
Secretary James Branch Of New York
read a detailed report in which Doe said.
"Thc close of the year 1896 shows the
largest membership in tho history of This
association. In 1850 this association hal
$50 members The records show that
during the last eight years this associa-
ton has gross average annual Joss of
two hundred members. in the past year.
however. we have only lost forty-seven
members having gained hfty-oight OF the
ono hundred and five who were Dropped
from December lst. according 10 article
eight OF the constitution. A large pro-
norton Of the forty-scvcn lost mcmbeTs
either assigned or iiquidatcd.'
The association has gained six hundred
and fortv-six new members during the
past year and the total membership is
nearly two thousand one hundred.
DECLARATION OF PRINCIPLES.
Hon. Joseph c. Hendrix. president OF the
National Union Bank of New York, and
chairman of the Executive Committee read
the following declaration Of principles as
adopted boy the Executive Council;
"The American Bankers Association I'm
fits twcnty-sccOnd annual convention as-
scmblcd and representing every section
of the republic. hereby declars that in ITS
opinion the existing commercial dcprcs i'n
is Immediately due 70 the attacks when
threaten TO overthrow the present s'.d
standard of value ana mat we luiiNeI N'-
lieve that our ram measure OF Aallo"'i
prosperity VIII not Toe gained ,'"l'i ."e
whole world understands 'il'i. ,..'
or the 'hiei 9ldl' i9 o,'' ...,..'.,,
worth of gold and that the na'io" i"''"'s
10 N',p d. ~ 49,, ,,.,,,,,,it,. i- mo
'. - IKE ,oiitical ,',ro-
S'i'''" ~ ,'l- -. .I..i~f+s., ~ ,to
pug" 10 Hi'D " ',' .,t. ~. .'t-....,.,,tl,,
l''aI "' d" ~, ,...,,+,,r,, ~
80, '' w. e',,.... ..,,, and dietr,.s
values ana TAT '"'''- '''' ..,a..,,
"Nl,n u'7c"1 ~ " ''''
.f.f.
We warn ou' country i'''" ..i,
rash proposition 1hal iN'7 H.'i'"
sinele-handed. attempt 10 lesi-l s"'
20 o parity with goll at h'i'l ,"7 i"'i'.
eve declare That the Tree COINAGE "'
silver means mOnomeialllsm with gold az
a premium. al other forms OF our cure
rencv at discount. ana the value Of the
dollar an uncertain quantity depending
ooch da,- ON the gold price Of rilycr bull
pon with CORRESPONDING fluctuations in
fha valuo Of all kinds OF property.
1--WE believe that before the mtnts
could berfn TO coin silver every dollar Of
cold vror11 disannear from circulation.
a. ,-ioi,r4l,. .,or+r,,tir,- our currency
and n,.t t,o value az tho remaining dbl
a.. -, "a 3D.. t.,1ifo, ,.ar,,. ~ tba
H. =. IN, ,,,,.,,,..5 h,, fla. GOLD
~ 80 49,. 80 -. ,....,.,,..s ~
-,
'"c WIN ,-,-er. 1,r 80,
- ., = =. - ~ ~, -.
owe dencunce as utterly false the CAIN
that the gold standard is "a device OF hank-
ers. creditors and hnanciers. They have
no such power IN human ahalrs ana
never had. The gold standard Is an edlcf
OF commerce translated INTO law. 10
was dictated by those conduct 'he com
mrce OF The world rather than those VINO
handle the money OF the world IL is
rooted IN a preference LOGGED IN the hu-
man breast. a test or the weight Oh lhe
two metals IN quantities o. elual Faiue'
shows how ana why uaders ce,luea h
favor OF the money whlch they couid ear
ry with the least burden ana use wherever
they might 90 10 inc D'st "uNa''d5e
Gold commands an values because it Is 'ne
most staDie jill Vaiue 1t ""S io' l,5lS'l'-
NJ we q, 49,. a,,d a. ,,i1 NOT fs
leris,ated out Of use If laws are changed
1--WE assert that mere money changers
have always found more rroft I'm "a nuc-
tuatina- than I'm a fixed currency and that
one source Of revenue which those who
thus handle money always had when the
currency was not stable. has been closed
up an this country by the influence Of the
gold standard and that what they have
lost by such revenue has been gained by
producers and merchants But bankers
are not mere money changers. they are
trusted custodians OF the money oil the