New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-10-03
the attending surgeons think that the bail can be
extracted and that the priest win recover. Gleason
wa al
NEED or STABLE CURRENCY.
SET FORTH BY PRESIDENT HILL OF
AMERICAN BANKERS ASSOCIATION

Richmond. Va. Oct 2-The American Bankers
Association met in annual session here this morn
ing. After addresses Of welcome by the Governor
the part OF the State. Mayor Taylor on the part
Of the city and Virginius Newton on the part OF
the bankers, and response by Walker Hill. presi-
dent OF the association, Mr.. Hill read his annual
report. There were about hundred members
present. In his address President Hill said
We have broken commercial shell and me me
trade Of the country will never be pushed 9aG 1S
within the confines Of the United states ms
meet lion tae sa % Of the
OF the country If they do not use intelligenty
6e fer resi- essure thai We will not long
pensively what can be better done by others tx.
therefore We must educate ourselves in the com
Of the World S mosi e9S the Countries
to which trade reaches. We must Know what
the routes BY which they can be reached most
quickly and eheapy and ~e @55
But we need more than this knowledge OF these
P PTeP tie dominate their trade and be their bankers
To do these things we need a currency OF stable
their their money with us If these drafts and their
credits re2Gesent 0d1 o Sng cTTs bc
does not shrink and is measured at all times by
paSent m god that Is the Standard dsred
can be secured by private contract The very fact
declaration that the general law does not afford
/ think that ali members of this association will
agree with me that variable standard of value is
TO be depored and avoided if possible, though we
standard and how II could be best avoided. Fur
thermore, few dispute the proposition that gold Is
the most unvarying money standard, though some
contend that IL is not the only best standard to be
had Mr.. Bryan says he first desires to preserve
'greenbacks from legislative destruction. and that
he viii then consider whether they should ever be
paid, and il 50 how. I would firmly. establish gold
as the only standard money OF this country.
the past and both teach that II is the best
standard am always in favor of improvement
but I do not believe that everything so called is
We may not be able to bring all the world to
adopt our system of money. but may we not in
duce most Of the people OF this hemisphere TO adopt
1t? Hayu has already made our gold dollar It's
standard of value, and its action may be the enter
states will become in express terms the standard
OF every country in the three Americas. All OF
them, except some Of the British possessions, use
is practically that of the Western Hemisphere.
is at least familiar to most OF it's people Let this
association take up important part of its
dollar Of the United States the standard of value
throughout all the Americas.
find it to their advantage to decry the patriotism
or bankers Is. am sure, source of regret to all
members of this association. may venture to say
without fear of successful contradiction, that no
other single class of dependent
good times as bankers, and none do more to
make good times or stand more bravely in the
avert the untold evils that follow in its train than
bankers And no one class OF men from the days
OF Robert Morris to the present time have made
more personal sacrifices and ventured their for
tunes more freely for their country than American
bankers, and yet some who must know this hesitate
not to induce many to believe that bankers the
ever increasing intelligence of the people will
make them fmpervious to such unjustifable misrep-
now misead them to the injury OF their most i'm
portant interests