William Jay Gaynor, the outspoken Mayor of New York who recently advised a colored man that the slaves were happy under slavery, offered advice last night to bankers attending an annual dinner. As reported by the New York Times, Mayor Gaynor
spoke of the great necessity for a uniform banking system that would treat everybody alike. He recalled that Bacon had said that money was not good unless it was well spread, and the Mayor added that it should be spread over the country like butter. The American people, he asserted, would not be satisfied with the banking system until they obtained the same rates of discount as do the men who conduct stock transactions in Wall Street.