New-York tribune., 1897-07-17
BANKERS FOR SOUND MONEY
CURRENCY REFORM DEMANDED BY THE
SARATOGA CONVENTION.

SARATOGA CONVENTION.
DECLARATION OF PRINCIPLES ADOPTED DIX THE
STATE BANKERS ASSOCIATION - OFF,
GERS ELECTED AND PAPERS
READ YESTERDAY.
Saratoga, N. Y. July ls.-At the convention oi
the State Bankers Association here to-day a. y
Barnes cashier OF the City Bank o! buitaio, oe
livered On address on Some Things the rev"
York State Bankers Association Might Do ssena-
tor Lester II. Humphrey, president Of the Wyom-
Ing County National Bank, Of Warsaw, opened the
discussion on SHOULD There Be Uniform Laws
Relating 10 the Taxation Of Banks and trust Cofh-
paniesT An address, was made by r. II. ha'''''''
president Of the Canandeisua Nationai Dahk, o'
rs Bankrupt Law DesirableT Professor 'e'e
mIah w. Jenks of Cornell University. spoke OH
THE Cause Causes OF Low Prices at inc frcs
ent Time" and John e. Crawford. OF "The BANKERS
Magazine" gave n Review OF the Act OF 1871 IN
Reiat ton Negotiable Inatrumcnts." stephen M
Griswold president Of the Union BANK OF brooh-
Ign. opened the discussion on What National Leg
slation Is Required to Improve the business Oh the
Country" He said:
The last four years has been a period Q! gIea.
trial and strain upon the business community MIa
for this. we have too much egislatio too much
P1ose a. and S,fS too %vsh q Of
%srca prosperity at any Sne me Se country m,t en
bear further depression. The business interest.
weakened by It's long fight against adversely can
not shs ssna he e"HfsfF ssy "5i'sa Il some
gesons upon the question before us and for oc the
no great change will come unless It comes from ron,
the people Let send men to SSngrsss wno a,ron %,
age for their friends combining their efforts to
those measures which affect only their constitu,
enough to legisate for the peope OF the whole Na,
ton The three great questions which a stn1d ,bn IN
currency and the labor questons In regard 70 me the
s sas sSa anpG; d ar ha Tsn 10 c
the tariff sou not take place ofsnsr M tb than
question would take " place if Congress would pass
law esablishng some safe and sys nd
more elas,i: than tho expedency or makeshft eur.
icncy which we now have ! would suggest that ina,
settled by National tribunal or commission ap-
pointed by the, President Of the United States with
the advice and consent OF the Senate. TO whom all
labor disputes should be referred
With the settlement Of these three questions the
this the grandest. the most powerful and the rich
esty and patriotism OF the. American people, the
win f IF rn RSs' of aS pspy s e @ of
The closing session was held this afternoon. A
committee OF nine resolutions. representing each
group. presented the following which was unani-
mously adopted:
Our n s
Ing from time to time safe balance for gold re-
Whereas, We believe 1t necessary that system
should b, devised to correct these defective ar ar
placed by sound provisions; therefore. be 1t
Resolved. That II is the settled conviction Of the
members OF this convention that all doubt as TO
our currency should be removed. Currency is the
basis Of all business transactions. and unless this
cannot thrive nor PROSPERITY be assured We are
consequently in favor OF the prompt removal Of all
our currency and urgently request OF our legisla-
oTs such action as VIII accomplish This ena
paper; that safe bank currency under @ Govern. Govern
nares Of such action could be prepared on sound
economic lines by commi isson selected for their
oT hs S Of sss to
suitable action 6y our @ w on
neis. will cause the great ' resources Of our coun-
try, to be developed and the comfort and cheer
are the birthrisht of our people to be speedily
In this express IN we speak for the thousands OF
business men with whose wishes and conclusions
We are familiar by reason Of daily intercourse: we we
feel ,he pressure OF hard times in the Unite mite
on is s of s9 The sa ss
because simple changes in our laws which woulc
about. thus forcing upon our popuaton the evil;
of currency created for the exgencies Of war
peace, while other less favored nations are to-day
the ewnrds OF fSd on ,b
currency question and solemny warn our country
men that safe conditions cannot possibly prevail
| without II.
| II voted to send copy of this resolution tC
! President Mckinley. all the members Of his Cabi
| net and to each member Of Congress.
| The following elected delegates TO thu
American Bankers Association Convention. which
| will meet In Detroit In August: F. +. Johnson. Nj
| agara Falls; George w. Thayer. Rochester; Georg
| r. Williams, Ithaca: George B. Sloane Oswego
John II. Deridder Saratoga Springs T. Ewoo'
Carpenter, Mount kisco; stephen NJ Griswold
| Brooklyn: James G. Carman. New-York City; Sey
| mour Dexter. Elmira.
Niagara Falls selected the place for thu
| next annual meeting
| The association elected the following officer;
| President, A. Il. Hepburn. NewYork City; vice
president. Edward Groesbeck. Albany; ireasucer
| +. W Barker, Syracuse: secretary. Walter
Frew. Long Island City. Mr. Hepburn ADDRESSED
the association a. some length.
| The members Of the association and the womel
with them were entertained this evening at re
cepton at the Grand Union Hotel