The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-07-17
STATE BAvnrrs, ooNrrvr1oM.
Unirerrn Tnxation Of Hsanhs ana Trust Cess
panics iu One OF the Topics Discussed.

b-1
SARATOGA. July 18.-In tho New York State
Bankers Convention this morning Cashier A. J.
Barnes Of the Buffalo City Bank delivered an
informal address on "Somo Things the New
York State Bankers Association Might Do
A discussion OF the tonic "Should there DO
uniform laws relating to the taxation OF banks
and trust companies y was begun by tho Hon.
Lester II. Humphrey OF Warsaw.
There nrc many good men in the banking
business" said Mr.. Humphrey, who honestly
believe that the proper method OF reaching the
end sought is TO relieve banks from taxation by
placing them on the same footing as trust
companies, rather than to attempt legislation TO
increase the rate of taxation OF the latter class.
/ do not belong TO the ranks of those who favor
this course. No law exoinptlng banks from
taxation could stand tho storm OF popular
criticism. II we are to accomplish anything
IT. must be by cooperating with those.
.n c iMv0r IN n increase a Oh the tsx Mon OF q,
useless endeavors to secure admission to the
ranks OF the tax-Godgers., 1t is not. with any
the bankers of this State join with other tax.
paying interests in demanding that the present
tax laws of the state BIC amended 80 that the
large amount OF money invested in trust COM
panics shall bear q proper, fair, and Just share
OF the expenses of the government whose pro-
An address By the Hon. +. H. Hamlin of Can.
andaigua, on rs n bankrupt law desirable T.
Prof. jeremiah jerks of Cornell spoke on 1.-THE
cause or causes OF low prices at tho present
John J, Crawford Of the Bonkers' Magazine.
New York. discoursed on "A review of the act
After the he discussion OF WHAT national Iesis.
letion is required, TO improve tho business Of the
void, President OF the Union Bank. Brooklyn.
the Convention adjourned until this afternoon.
four Mr; y GTlsU cf Sn sfpTess depr sas oPiPbi sTe t Ssen due she
TO too. much politics for party advantage, too
much legislation. and too many changes In the
Relief must come from the people. Men should
and not to devep,c most Of h time 70 r Securing
patronage for friends and supporting measures
clared that the three stumbling blocks in the
path OF business are the tarih, the currency dis
S SSa,,fi;,nnnnff r! Tsr lsSG CJ STS6ls%; He to w ssl1 1 N|,S tb a
revenue question and pass a law against chang
ing the tariff oftener than once in ten years.
The currency question would be settled II Con-
gress. would establish a guarded system Of Ma.
tional bank note circulation on a broader basis
Griswold believes That the labor difficulty could
be settled by a national tribunal. appointed by
tribunal, Mr.. Griswoid was vigorously ap-
In concluding the routine business the assooi-
alton selected Niagara Falls as the place for its
1898 convention and elected the following on
vice-President. T. a. Groesbeck, Albany; Treas.
nrer. f, w. Barker, Syracuse; Secretary. W. Z.
tho convention of the American Bankers' Asso-
citation at Detroit, Seymour Dexter, Eimira;
Falls. G: W; Thayer Of Rochester. G. R Will
Isms Of ITHACA. G.. B. Sloane Of .Oswego. J. H.
DE Ridder Of Saratoga, T. Elwood Carpenter OF
Mount Kisco, s. NJ. Griswold OF Brooklyn, and
James G. Cameron Of New York.
President W. e. Cornwell of the Buffalo City
Hank offered q resolution TO the effect that ii is
the settled conviction OF the members Of tho as
s~ociation that all doubts regarding the currency
hnt1lH D. n afnnyAH that Ill ~taRt-
distrust as to stability Of the currency should be
removed, and that the legislators should take
action TO accomplish this. 1t was also recon-
mendcd. that the Government retire all paper
and substitute a safe bank currency under
adopted.
The Hon. L. II. Humphrey Of Warsaw offered
a resolution urging that all State bankers use
their influence to obtain legislation placing
banks and trust companies on a basis OF equal
taxation. This was adopted.
The convention was followed by q reception
and ball az the Grand Union this evening.