New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-04
FTNANCIER.S AT A FEAST.
CHESTS OF THE BANK OF THE NAN
HAITIAN COMPANY.
ANNIVERSARY OF THE lNSTl'
TUITION OBSERVED BY A DIME" Al
sHERRYs-AN ADDRESS BY SEC
RETARY GAGE

RETARY GAGE.
A stupendous amount Of capital WIS
in Sherry's big banquet hall last eVen''h AZ '"'
dinner given by the Bank OF the Manna''a" IN
pany to celebrate the centennial OIL ,'e -. ,os
OF its charter Invitations had been issued ~ 10
mo, q uas said including the president OF every
National State and savings bank In TINS CITY, anu
loi sat down 10 the tables. which "ere
in horseshoe form Stephen Baker president .. .,.e
Bant Of the Manhattan Company presiue'' ''''''
present We're:
Lyman J. Gage. Secretary r ot 'n ssenator-eiect
chauncey NJ Depew John sloane STATE lRecoTder
John p Jaecke Eed terri sD nj Andrew car
nege. Robert W Paterson Charles 8 stats BANK
hsmss T e KbuTn John
samuel sloan Georgen p r. B K"nneGy Alexander
COZ COT lanes Siman Conrad y Jordan Robert NJ
galloway. James Talcott John -. Ia,oopp boodss
Wniiam Nash. Henry W Cannon, Brayion G Ives
Dumont clarke Henry Parish. WiIliam " cch o."
T n rooker Oliver s Carter George A. Pmpton
George W smith John +. Barne. william ~ IA ne
Richard DeIaieId John Kean. James Mc plih,er
Frank Tiford John F. waterbury r. ciIey'
seg"G FrisselI Forrest IT, Parker. Charles II, Rob
erts Casimir Tag w II. Gelshenen, Leo ocn'eS-
niger. James Rowland. John $ Foster i'e" :,
DelaaoId BENJAMIN Perkins. samuel Sloa m. 1 III
Charies r Barney, Hugh n. Auchencoss Francs
A. palmer. Alexander Gilbert, SiIas -; y c.
Walter > Jenkins. George NJ Hard. II, {.
Copeland George " Young Charles r. rango ohn
Theodore Rogers A. s. Apgar. c. r IJ' y. ~ u
s Mclean Edwin Tangdon, John l. Rikgr l Ronge
J. James J. Howard qod K9S ISns cSencK Henfy
Swords f. 5. Mason. r. J.. EDWARDS; Anq'JI" Tren
William G Surge H. H. BJu" 20 Hendrix W c.
Oakman. John n Hicks and Clarence H. Ne'S'!
There we're no formal toasts The first speaker
introduced by the chairman was senator-e'ec' De-
pew who said among other things:
# seems that as this bank first organized as
n water company and held It's first meeting IN ,s d
saloon those facts would Indicate the tastes oil Ms
founders and from what nave seen III ,v bat re-.
their successors have not changed much III '''
spect. $500, -, ,ro-
He then went on to say that the bank had pro-
cured it's charter by fraud. ana clasSeu II
that other respectable institution. the 'he''io"
National Bank which he said had also been started
~, fraud under cover of manufacturing drugs. Both
owed their birth to the trickery of Aaron Burr pu
their splendid success was due solely 10 "''''
financial management.
Frederick D. Happen spoke next sho"lihls tn ne
the many improvements which modern panh'ns
methods show over those of n hundred yen f as"
are due largely to the Clearing House Association
chaplan of the Clearing House Association n. re
told anecdote which pleased me women ~ sYe
but told the Bishop his bank did not dare ran "a pe
had eight hundred women b ahle ever
"G, vma Cage secretary " the Treasury. spoke
hriSdy Of the work done by the New-York banks
in various crises and especially in 1896 whsh In I
credit Of the whole country was thr'a eiieu
said that the unmpaired credit OF me ~, ILL.,
states today is due to the patriotic stand tahe'
bv The banks Of New-YOrk I'm lS~ t. 81,
Mr. Gage said his hearers might nave Ieau III W.
newspapers that the Treasury purpoSeu ~ 10 an,
issue Of bonds He did not see any nerr VI a., ~
such action He spoke Of the S&iWHNo IN spIu ~
the Treasury and said that even ater pains , ,te'
so 600 600 70 the Philippines there will be sa,is
factory balance The condition OF me Hhd"''"
market was not such az 10 eXCite anNlc SSosos ot
Notwithstanding the extraordinary cNl'nI,' ~,
tho war ne felt confident that for the nScal "a.
ending June co. 1880 the deficit VIII not De muCi' u
onr more than s3OeO000. He had determined a.
FAR as was I'm his power 10 keep the treasury III "
sound solvent and satisfactory condluoh re A. ~,
rDaaiod 20 rho bankers OF New York to keep inc
Government Of the United states always IN thfI
mind from n financial point Of view. In cohciuSlo.
Wr Gage said he would be glad to receive sugseS
lions in any matter OF finance from the members
Of the Clearing House Association -,,
= D. Kilburn. State superintendent OF pa''NS
and others also spoke briefly