New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-05-20

the Society Cor Savings Of Cleveland Ohio on
Postal Savings Banks" giving reasons why the
United States does want them.
The law permitting savings banks to pay for ap-
pra!sals. introduced BY Mr.. Hll. In the Assembly
and signed by the Governor on April rs. was also
consderod and discussed at the meeting.
PRESIDENT RHOADESS ADDRESS.
John Harsen Rhoades president Of the assoca-
,on. opened the meeting with an address, saying in
part:
Tho existing war has absorbed so much Of public
ssnterous Elements in Inc Situation wRich still
continue to exist: owing TO the disordered condition
hat until the existing policy has been changed and
the Government adopts some plan, gradually seiiring
from The issuance OF currency obligations and su
currency issues are relegaied to the banks. which
are inc only proper medium OF ISSUE. we cannot
continue 10 nave permanent prosperity or. pe re-
ncyed from the danger OF alarm and d.strust which
are sure TO come wren failure oi crops OK uno ,
speculation nave produced the causes NhISh h'''u-
raily lead TO heavy Withdrawals Of gold from tho
inSs bank officers must be mindful OF these facts
and govern ourselves with caution and prudence
The Tinted States and in this connectioa it seem,
10 me proper to say that which know you all viii
indcrse and 1t is that war or no war. the savings
law. so carefully guarded by competent Banking
Department and so wisely restricted az 10 invest
depository for the moneys OF the people which
can be found ANYWHERE place where they sh nsa
from which they should be withdrawn. The pity
that the nd and ID The ,sI saG oo9
sdering the excited condition Of the public 4, mind
nlarkable that there has been SO little disturbance
OF savings bank deposits. and that the great mass
confidence in the savings banks OF the country not
withstanding the alarm OF war and the ioohsh
How n mu a the members of this association
differ as to the need or necessity ioT war ana IN 's e
say that when the Government OF our c9untr! dc,
ia
partisan and became patriot pledgin1 at once
nS susan the dignity and the honor Of his
try So. gentlemen, the officers and the trus-
say. Of the entire country pledge themselves e
render all possible assistance to she % crst
OF the Nation.
OFFICERS ELECTED.
The association elected officers for tho ensuing
year follows:
President-JoHN HARsEN RHoADEs Greenwich Saw
ings Bank
Vice Presiden;-JAMES AMAHON. Em'grans INDUS
TRIAL Savings Bank.
Treesurer-ANDREw MILLS. Dry Dock Savings Bank
secretary-wIILLAM G. OoNELIN. Franklin Bank.
Executive Commttee-sAMUEL. r. RAiNkY. WILL
IAN c. STURGIS. EDWARD S DAWSON JAMES NJ
VENT J. HOWARD KING. BRYAN II. SMITH JOHN
p. TOWNSEND ROBERT S. DONALDSON and ALEX
AMBER Z. ORR.
The following resolutions were adopted:
Resolved, That the provision in the proposed
House Of Representatives; and now reported by the
Finance Committee OF the senate Whereby onas
quarter OF per cent annually on deposits, IN DAMS
its provisions. work grievous wrong and impose
too heavy a burden upon the savings OF the people
OF deposits in savings banks TO limited number OF
the best character Of Investment ssegrgS nnd
nie,p BAL bonds The present rate Of return 70 ne
% be r s%n viii % s thu
OF the rate Of interest PAID TO the depositor rem
tngs arising from the proposed tax. would seriously
Impair the efficiency Of the ;savngs-bank system
the habit Of saving on me part Of the ps0Peb hanks
call la s. States tss faS ose holding ne
out OF total OF s. 900 deposited are purely
ns Ss pqds IN 10 ,se BENEFIT OF
positors who largely made up OF the thrifty
We therefore respectfully present these facts 70
the members Of and urge ha, Iesve es
from the imposition Of the proposed tax.
TO PROTEST IN WASHINGTON.
A committee Of seven appointed 10 90 TO
Washington and confer with the Senate or con-
ference committee Of both branches OF Congress.
The committee consists Of John p Townsend. chair
man; James McMahop. Andrew NILS. Samuel H.
Rainey Of Hudson: Salem Hyde. OF Syracuse John
Harris. OF Rochester. and Rufus r. Birdseye. OF
Utica Mr.. Kilburn the State superintendent OF
Banks was requested 10 accompany the committee.
REMARKS BY JUDGE CRAWFORD.
After luncheon the members OF the association
listened TO addresses by Judge Crawford and Colo
ne, Herr,ck Judge Crawford. IN closing his ad-
dress, said:
II We have the courage OF our CONVICTIONS rs a,a
stand up and make bold and manly nght lot u1e
single gold standard, We cannot fall NY ialth IN
the virtue OF the American people Is unshakemni
tbev are too brave 70 be dishonest They VIII
never consent 10 take from the savings OF the poor
more than 800 100000 nearly every dollar OF Nm" sna
vast gum has been earned BY the sweat OF some
toller's face They will never consent that Ihe
obligations Of the Government, created IN oeienu-
Ing lis life and preserving the integrity OF tne
Union shall be paid In deprecated currency p.e
the time will come when the great heart OF inc
Nation Will respond 70 the noble sentiH en- 81
General Uawley, uttered thirty years ago: E'eIy
Obligation and every bond Of this Government nlust
be as sacred as a soldiers grave
ON AMERICAN GREATNESS
Colonel Herricks closing remarks were tho to-
lowing:
America owes her greatness 10 her freeoomUI1hi.
tpdsnendence gained by hard fought battles. Her
soil has been enriched by tho blood OF pat'iJyts;s
e.fnhf na Ions