New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-06-04
PRICE THREE CENTS.
"COURAGE!" SAYS Mr.. GAGE
THE sECRErARYs OPTIMISTIC sPEEC8
TO MARYLAND BANKERS

BY CONTROLLER ECKEIS AND sENA-
TOR WELLINGTON a STRONG
GOLD RESOLUTION PASSED.
Cumberland, Nd, June 2.-The Maryland
Bankers Association held Its final session To-
day. and the exercises closed Tonight with
banquet at which Lyman j. Gage. Secretary OK
the Treasury, and James H. Eckels. ControHer
Of the Currency. the principal speakers
The banquet was held at the Queen City Hotel.
and the ost-prandial part having come. GOV.
ernor Lowndes introduced James Ramsey, VINO
was to-day elected president OF the association'
and who created much merriment when he SAID
II had greatness thrust on me to-day. I got
the only office the people Of Allegany County
did not want"
MR. GAGE RECEIVED WITH CHEERS.
Secretary Gage was greeted with prolonged
applause. He said: II did not come 20 make
a speech. I feel Of kinship toward this
place, and feel a sense Of kinship toward you.
the bankers Of Maryland" He then referred to
his birthplace, describing II as such a place a.
Cumberland is, with hills touching the horizon
on all sides. and a placid stream passing by his
door. He continued follows:
II am optimistic. There are evidences to
Justify It. found evidences OF It to-day. One
Of your citizens took me out to drive. He was q
very intellectual man. asked him how busi-
ness was He said Good That man was
Judge Sloan. Court mad just adjourned. (Great
laughter) Reference was made here this even
lng to my recent address in Cincinnati Let me
repeat here the substance Of the conclusion OK
that address. The prophecy made then VIII bc
fulfilled. The promise am absolutely certain
will be. The prophecy was that both bodies OK
Congress would put through an adequate
tariff BILL and the promise that the Admin
istration would be faithful to the task imposed
upon 1t by putting the currency Of the country
on a sound enduring and solid basis" cloud
applause and cheers)
Governor Lowndes. in introducing Controller
Ecsels, said that his manly words rang through
the country like a trumpet-blast last fall when
he pleaded for good government and sound cur
repcy.
REMARKS OF CONTROLLER ECKELA
Among other things, Mr.. Eckels said: 1T has
become popular throughout the South and West
to decry the banking interests. Those sections
have been injured by raising that hue and cry"
Referring to the South the section with the
best resources that the sun ever shone upon. he
said that because Of the devastation Of war.
they had not yet gathered unto themselves that
surplus capital, and they must needs borrow
money for their development. The interests OF
the South and West he said. would be pro-
NOTED by better banking facilities Controller
Eckels referred felictously TO the bankers OK
Maryland, saying: Il never trouble any one
that does not trouble me. No banker In Mary
land in my official life has given me any trouble
whatever"
Senator Wellington. in a vigorous ADDRESS
which was punctuated with applause, pre.
dicted the early passage Of the Tariff bill He
referred to the sturdy manhood or one Demo-
crat In the country" which helped nightly
toward making 1t impossible to debase the cur
rency.
DEVOTION TO GOLD REAFFIRMED.
The days session was taken up by the election
Of officers and the reading Of papers on banking
and currency questions, one OF the principal In
cidents being the adoption Of the following reso.
luton. which is the same as that adopted at the
last session Of the association held In Baltimore
last year:
,es Coinage OF silver and to every debasement Of
our currency in whatever form II may be pre-.
sented: that we firmly and honestly believe that
the interests of our country will be best served
by its rigid adherence - to 1bs ne g g9a no ony g.
serve its financial integrity and the future weiare
Isl Isl, S but viii insure through the prompt restoration
of confidence that rapid development & OK us , re,
sources which will eventually place 1t first among
the commercial nations OF the earth.
w. T. Dixon. president Of the National Ex-
change Bank OF Baltimore. offered resolution
asking Congress before adjourning TO make pro-
vision for the appointment OF commission to
consider the revision Of the currency laws OF the
country, said commission TO submit Its report
and recommendations to the next session OK
Congress The resolution was unanimously
adopted and a copy ordered to be sent to
each member Of Congress.
State Senator ]. w. Herring, Of Carroll County.
cashier Of the Union National Bank OF West.
minister read n paper on The Relation or e
Bank 10 the Community in Which 1t Is Located.
in which he discussed the banks OF Maryland
and descanted upon their soundness.
Robert Shriver, president of the First Ma
tiOnal Bank of Cumberland, read paper on
Early Banking in Maryland" L. j. Penni-
man cashier OF the First National BanF or
Baltimore, read a paper entitled THE Bank
ing Laws Of Maryland. Their Defects and the
Safeguards Needed" and presented the follow-
ing resolution, which was unanimously adopteo:
That the president OF this convention shall APP
poiut five OF its members who shall be known as
the Legislative Committee. with power 10 act.
whose duty il shall be 10 present to the Legislature
at its next session a measure that Will fully meet
the requirements OF good banking law and urge
its passage and adoption