The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-10-21
CENTRE OF PROSPERITY.

heavens (ApplauSe).
CENTRE OF PROSPERITY.
Group s is today the center of un-
paralleled prosperity. You know, we
have the great iron mills, the coal and
coke plants, and also the natural gas.
Our mills are running TO their utmost
capacity night and day. and their out
put Is sold far into seIt year. We
have one coke plant, the II. G. Frlck
Coke company, which formerly was
able to supply most of the coke in the
country. Today 1t is only able to sup
ply coke for one plant, the Carnegie
steel company. This has caused the
other combinations TO look around for
their own coke, and 1t has also had the
effect Of causing the price of coal lands
to run away up. Farms have been
sold at Immense values and the far
mer today has a sum Of money In the
bank that he never before dreamed of
acquiring.
All this prosperity lie reflected in the
banks OF Pittsburg and the vicinity.
During the past year our deposits have
increased 81, 900, ,000--from t112, ,000, 900 to
tl54,00O,Oo0. Our surplus has increased
s5OO,0oO, or 2e1 per cent. Our clear
.ings for the past year t1,102. 900. 900.
In the year previous IL was 3724, 900, 900.
In summing up these conditions, I
may say that IL there IL an able bodied
man today In our vicinity out of work
1t is his own fault. This great busi-
ness prosperity is even reflected in the
attendance at our public schools, be-
cause the boys have quit the schools
and gone to work. II has also affect
ed us in our families. We have great
difficulty in getting servant girls, be-
cause the girls who formerly worked
out to help support their families don't
have to do 1t any more, as their faith
ers and brothers are working Gap
plause).
The following resolution declaring for
the gold standard was adopted:
GOLD STANDARD RESOLUTION.
The bankers of Pennsylvania most
earnestly recommend that the congress
OF the United States at it's next session
enact law to more firmly and un-
equivocally establish the gold stand
ard in this country by providing that
the gold dollar, which, under the ex-
isting 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 circulating
deemed in gold coin, and that the
legal tender notes Of the United States,
when paid into the treasury, shall not
be Te-issued except upon the report of
an equivalent amount of gold coin"
Mr.. r. E. James Of Enston, thought
the resolution ill-timed ana unwise
He was in sympathy with the purpose
of it, but felt that it was unnecessary
and undigniied now. He was alone ir
his opposition.
The committee on nominations re.
ported as follows and the report was
adopted
| S. r. Shumaker, president, cashier First
National Bank, Huntington.
| j. II. Wilcox, vice president president
Second National Bank, Pittsburg.
! A. J. Hazeltine. treasurer, president
| Warren Savings Bank. Warren, Pa.
| Delegates to the American Bankers rs
! sociation:
| Group John U. Harper, of Philadel
phia.
! Group 2-samuel II. Seeds, of Chester
Group 3.-R. e. Wright, of Allentown.
! Group A. p. Perley, Of Williamsport
Group 5-W. l.. Gorgas, Of Harrisburg
Group e.-Robert J. Mattern, Of Hunt
ingdon.
] Group TT. ID f. L. fterO OF warren
Group S.--Willam w. Ramsey, Of Pitts
burg.
The election OF secretary and th'
fixing OF a time and place for the mex
convention were left to the council o
administration. The Office OF secretar,
is to be made permanent and salaried
Brief addresses by the newly-electet
officers and speech by r. p. James
OF Easton, expressing the qualification
OF the convention for the hospltabl
manner in which the delegates were en-
tertained closed the session.
Killed on the Railroad.
Harrisburg, Oct. 2O.--Gustavus Rain,
pa,;,,a of Sucdap uaa kiIIad cp tho r n