The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-09-07
Meeting of the American Bankers
Association at Cleveland, O.
STRIKE BLOW AT SILVER
PASS RESOLUTIONS ENDORSING
THE GOLD STANDARD.
Ask Congress to Enact Laws In Ac-
cordance With Their Views
Walker Fill of st. Louis to Be the
Next President Of the Organize
tion-Reports of Committees.

Cleveland, Sept. 6.-Walker Hill, pres
dent of the American Exchange bank
Of st. Louis, will be chosen as the next
president of the American Bankers
association. The nominating commit
tee decided at it's meeting previous to
the opening of the convention today to
recommend his name to the convention
when the annual election takes place,
and this means election.
Alvah Trowbridge, president of the
North American Trust company of New
York, will be recommended by the COM
acted as chairman of the executive
committee during the past year.
The name of Colonel Myron T. Her.
rick, president OF the Society of Savings
of Cleveland, will be presented as
member of the executive committee,
and it is understood on the highest
authority that he will be made chair
man of that body.
When the second session of that
body was called to order today by Pres
ident Russell, there were fully 200
more delegates present than there were
at the session yesterday.
Reports of Committees.
The report of the committee on edu-
cation was presented by Chairman
William c. Cornwell of Buffalo.
Robert McCurdy, chairman of the
committee on credentials, presented his
report.
In the absence of Chairman Anderson
of the committee on fidelity insurance,
Vice Chairman Hardy presented the
report of that committee.
The report of the committee on ware
house receipts and bills of lading was
next presented by Maurice M. White Of
Cincinnati
AT the close, of the reading of the re-
ports E. o. Leach of New York, vice
president and cashier of the National
Union bank, presented a set of resolu-
lions which endorse the gold standard.
Mr.. Leach said the resolution would
stay the hands of members of con-
gress. Mr.. Leach moved the adoption
of the resolutions.
The question was raised whether the
resolutions could be voted upon by the
assembly at once without referring
them to the executive council After
a hot debate it was decided that the
resolutions must be referred to the
council.
Favor Gold Standard.
Chairman Trowbridge called the
council to order right in the conven-
ton, and in a moments time it rec
commended the resolution for presenta-
ton to the convention. The resolutions
were then voted upon by the assem-
bly, and unanimously adopted. The res
olutions in full follow:
'The bankers of the United States
most earnestly recommend that the
congress of the United States. at it's
next session. enact a law to more for
chilly and unequivocably establish the
gold standard in this country by pro-
viding that the gold dollar which, under
the existing law, Is the unit of value,
shall be the standard and measure of
all values in the United States; that
all the obligations of the government
and all paper money, including circu-
lating notes of national banks, shall be
redeemed in gold coin, and that the
legal tender notes of the United States
when paid into the treasury, shall not
be reissued, except upon the deposit of
an equivalent amount of gold coin"