The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1889-10-18
THE STAR-HYED GODDESS
Speaks Some at the National
Board Of Trade Banquet,
FREE TRADE, ANTI-PENsIoN
And other Talk lndulged in by
Henri watterson-His Principles
Arc Inflicted on u Non.
Partisan Gathering,

LouIsVILLE, KYn Oct, 1.-THE Terry
bankrupt bill was endorsed aud 4 me-
mortal adopted reciting It's virtues and
recommending It to Congress for enact,
ment, by the National Board Of Trade,
after two hours debate, There were
only eight dissenting votes, two OF which
were upon the ground OF the disap.
proVal Of single section, and the bal
ance Of which was prompted by an op.
position to any bankrupt law,
A resolution was passed requesting
the Pan'American Congress to take &C.
tion for the establishment Of a unit Of
coinage common to all American people,
The meeting was closed this evening
with a grand banquet and IN address by
the Hon, Henry Watterson, who spoke
on the general state OF the country, OF
money matters lie said: "What are you
going to do for a banking system when
there are no more bonds to build on
Some ten years ago, ventured to pro.
pose that we reduce the National debt
to a thousand millions, and then for a
fiscal basis, We fund these thousand mil.
lions at a low rate OF interest, and make
the debt thus reduced perpetual. Every.
body laughed at me. Some said was
crazy, others insisted that was simply
a fool, but an more than ever persua.
ded oil the truth and force OF my sug.
gestlons; because, TO say nothing about
the banks and the future OF our banking
system, we ought to have some fixed se-
Curities for small holders, which can
neither be swallowed up by a deluge OF
watered stock, nor be ablO to runaway
10 Canada.
Mr.. Watterson next took up the tariff
andamong other things said: II have
never believed that we shall have free
trade In this country until the manuiaC.
turers themselves lead the free trade |
movement, That this ia only aquestion
OF time, have always believed, but
mean while, here Is o system OF taxation
devised exclusively for war purposes,
yet outlasting those purposes a quarter
Of a century, and assuIedly US somebody
proposes to put 1t on q peace footing,
somebody else starts up and says that,
being about all that survives OF the war,
we ought TO hold 1t sacred and keep II as
q relic. Well, 1t Is relic, sure enough,
fol war is barbarous and there Is not a
doubt that the war tariff is a relic Of
For my part, can live
under any kind OF tariff that the rest
can aud care as little for expenses, too,
Tor in my day have paid as high as
f500 for a pair OF boots, and S. for
glass Of Ice water seasoned with nutmeg,
n Confederate money, but really Il
1oes seem to me that at the moment
when our public men are raCking their
wits to find the means OF spending the
excess Of revenue the tariff yields us, 1t
3 about time that we consider wnether
I would not be better 10 save more and
pend less"
OF the pension position, Mr.. Waiter.
ION says: 1--WE have a pension list that
'osts US nearly as much as the costliest {
Itanding army in Europe, and still the
:ry comes up for more, have been
lighting this with all my might aud
main and have had for my pains the
,harRe very freely made that tue motive
u my opposition Is hatred Of the North
,rn soldier. Gentlemen; this intimatlon
would be laughable IL 1t were not do
,estable. respect the Northern soldier
10 highly that would rally TO his side
% save his honor. l feel so much at
lome with him that can afford to dis
,uss his affairs as member Of the fam
ly. l was sorry when the war began,
because ! loved the Union; was glad
when 1t ended, because It gave US
back the Union, and / llave 70.
DICED ever since in The ever
growing determination OF the people and
The ever increasing glory OF the Nation.
II Is late In the day for anyone TO accuse
mo Of sectionalism, for during years
when 1t cost something to speak as am
speaking now, my voice and my pen
were devoted to tile amplest defense Of
The National spirit, and when loyalty
asked for oatbs and pledges / gave
heart homage and hostages. 1t Is Ills
and the feeling OF brother
hood In all that concerns the North
which lies here, that has emboldehed
mo to speak very plainly Of the wastage
Of money aud the corruption Of morals
involved In this pension business. Ifa
stop be not put 10 II, that which began
In National Indulgence will end In Ma.
tionAl dRRpranAU