Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-10-19
COMPTROLLER EcKELs MAKES
A SPEECH
Urging the Bankers to Take Part In
Discussing All Financial Questions.
Sound Banking and Currency.

the association made a speech.
When routine matters had been dis
posed Of, Hon. jas II. Eckcls. comptrol-
Ter Of the currency, appeared to make
the principal address OF thc morning.
Eckeis began with brief summary Of
the panic of the Iast summer. saying
in summarizing, that afirighted people.
fearful VI the resultant effects NJ altman.
cial system cause by ill-adyiscd and III
considered legislation. had become doubt
fnl Of The di,tinciiyely inancial iustiiu.
iions Of the country. the banks, and.
as consequence. steady drain upon
deposits begauuntil within two months.
from MAY 4 10 July T. from the III.
tional banks alone was drawn out more.
thln Si93,OOO.OUO and from state, saw
ines and private ones. u sum as great
Not for the purpose OF trade or invest.
msnt. but 10 lie idle in was,cful idle
ness thus rendering the sonnGest .usti-
tuuJns helpless, and complete currency
starvation ia the midst of plenty. These
months witnessed The closing Of 1870 M
iioual banks aud not less Khan 800 stare.
savings, and private Orts many of
which under ordinary circumstances
"g,e s'heh,
a.. ,,'.. ''iil l nc Dlhhes upon
~ ny svneIH success OF the'r yuots 70
.u,uftle tue stuatl'h' nut SAM " would
not do tn count too much ON the prog
rrss toward recovery aud the romunera-
uff powers shown Tor complete return 10
i''4". '''i H.-'lLu ."H"oN D. han H, louE
- tHt w Ele"t tatae yer lsl1aius 70
I'm ul''l ", " Hpu' a"u 9Dluei
Nv" glt nhNh'lHI iu"s Atypid Milh
',-',W ,u"t e'N'lH iNe VOL" slAI',.'
".'''i O'I iuIltn.y luhoH nn u unlnflnl'
""u lastilitS ngW MHVlS HgAHst
Y"' V"t Fn"l"t F't l'h OF lnc lN'ihltlour
~ 'Ae '''t money Mh'eu ir tAeAp ahl
pts7'lls Hnl source
"l NeNllh, WNFnu "l curse anu
."uao "l hhAntlul pane anu ultimate
iT'ri's' we ''hHut pnt expect AZ STAT
~ ItHo9a Iryur r'Ler OF tunuluols
f,,i Us nave ana uu sun thtfatrh US
b"t .lt statement lhat IN pIhEI"s Npou'
4 Hnl'l'lt .el ~ huhtlal NN tne
u'hhils mo ,.Is must loil aloot, y
~ f'uE hluhuall"h OF 'nr tNleut
20 "4',h u.ll'u9liluk plS7'"li uhu l.tyu
ll'e nave yttpt mo our p'ltl's' SURF
]! the DahAlhg interests oil the country
Art vast chouEu anu 81 sHhlrirht lh-
PDrt 70 warrant rn'pcc!lpl nearing
anu clielu! e'l1lNeflHph WITHOUT Ai'us
rug ''thcr me Pla,iuns OF ule pEeJWAt,a
OF any Iall-lnIhleu ci'l1el OF the reP"p'
ilr. II may he lhat buhksts are seusn,
ult NOT more 80: venture thnu men
~ "thtt walks OF me. surrey hut more
80 thah the SILVER interests winch TO-DAY
ihNeigh inost loudly against mem, ana
YET WIN inconsistency 70 narhcd mat
ne VINO runs may ftaa are VIII SER
~ Indifference 10 public gooH not only
hloeking the wheels 81 LEGISLATION nt
Warrington, put uhihlhului OF the voice
OF The people nhd Of tue press are max
ing tne iunHnhehtal pEhyille OF our gov
erumcpt the nsht OF the maJ9Iy 10
control, "a hiseing ana u byWprl, that
their own selfish purposes may ind irui.
non "a leghlaiiVe chhctheht that VIII
compel Tue government 10 pc the Spega
patron OF th'lf SWpu pfouurls Ihcsc
eHh" VIM would d'bar fhe banker
because Of the business m which ne is
euSlEed IRON beihg hrard Wheh grave
laW,making power seem 20 forget that
stocks are an held IN cities bN capitalists
Aud merchant princes hut thhl every
town aud village boasts Of li7 bank,
the stock OF which Is owned by men
OF moderate means, merchants, farmers,
and mechm,c5' I'hey forget TINT the
deposits placed IN the custody of che
bankers Of tie country are from the
hany AMI not the few who inuust 20
them their earnings. and cxnect from
thcm WatehAnncs't than NO financial
DISASTER through legislation ur otherwise
aggregate wealth than amy special in
tercst within our borders. Therefore,
When uungcN 10 the pubic good threat
on the United states, lot no banker hest
tt'e 10 nisrhnfge ms trust because OF
Tue ntterqnce Of some demarognc striy-
ny 10 WIN votes ~ INC Incoming olee-
tons. but lot him give uttcrance TO- his
views upon every nhnnrlal nr"posuonn
under colrld' ramon but what shall
ue NalH,H liuln an W. wVsvh oil Its-