Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-07-19
Compt'olIss EoIssls On ths Fsnaa-
ciaI SnAa1ioa.


Curreocy JAnes IL kkkels wos GaWe
a his psrdscsssos. sEcaaxrolls A. e.
Hepburn. ss . dinner e tks Cuksn
League clab thls evening. 1hs u6sks
~ss s1ated 10 b. = pursiy suciai ons. bss
The meeting bstwscn Mr. Ecksls pnd
the hsnsen We sssHrded more . Co.
ference on the moksrtAry slsnst,on And d.
prospective neasurcs for IL ss-
hef than for purely social gathering
George q. Wlili1a.s II tbs ChG<n1so1
National bsak and preukAeul u H.
Clearing House sseorazsisa. pssu>dsl
Besidrs the gcsticsncn nssnsd. thses
were psss<rs C5Assss - Prssssr.
superintendent u Ssw yes4 Sssss bsnk,
William Ansh a ne Germ exchsnee.
George >. Baker q tho firss. kfoass<s
X Wright q the Park james etilslaun
a the City. hrayton Ives a The West
crn. William l. ttroog of the tentrsi.
and George Montague of the second. sil
nstions. banks
Eckeis' sprcch.
Mr.. Williams made a short speech In
Producing Mr.. Eekeis. sho spoke - foi-
lows:
-when ! accepted the invitstson % te
present this evening ~ wss that might
indulge myself Ia the p~rsonal pics<urc
Ut meeting some ~ the rcpscr<f tzfsvcf
of the great financial institutions In so1f
city. ] did not tLcn. nor 10 ] nsx
intend 70 make formal address. buf
there are one O. too things hat may
not he inappropriate Ia the tnc 81 @
cAsion- The condition which ce,Dffonts
the American propie is one that de
serves the tkooghtful attention II
every citisep Who hss 81 bcart
the intcrcsts II his country. It ls
not time of panic. fos ve have rsssrd
the period Ia our history when ssnlc
is a possibility, but n 10 cue q SLOW
liquidation the result of undue sg,eculs
ton and unwise financial isgssl2ison.
Nothing is 20 be gaised By taken ca a
fright that 10 upvsrrsntrd by csshef the
immediate past o. ths immediste future.
Bunine-~ Not T1rrssssed.
Ma. the Amcr.can people ought a.
10 j. tho miosf ~ tAe failures that have
( occufrc. l. a.. ~ give way to unoalleo
I Cor aNas1e sls t. study tie character q
the institution sLlcA have fsiied. fhe
canEce nia1cl. isase pf.sluces then. aud
the localltsc. IN which they has. 60.
currca. Ate. sncL q study ~ thrtn
view the soiseps institutions rsefs where
ahous thea, aud Tho c3ssc nkss n that
nsust sfslr .slsi,sy s.sio0 i that - legit
innate lie u the ccon'Fs a .aa threat.
cHed. Lut sasfcai sli crsa ooi a the
present turned tllc atfpsgeg fgr
having l,asss>i ihroucs. IA. ie cn~crva.
| tive tnSiafs abiars sha .Aliuros
have ieen -. 1sr ia h.ssa kiac o'
other line. iisd b ~. "a ~ ~ times h
/ dsngeroGf aiaD fsas .pcflSsl..y br.nl
r.sirns. ofssa ts.oss1 = ~ e a. b. a.
! The plsssns sir.fGs 81, has rlfsfls las
feuod the siosin.. a -ssi,se .lsHAr 'r~suse
they xer, inherently ~e-.k. others have
CLOSED a. ; Te~aa aas. esiec. 20 isasine
kept alive the operations - speculation
Something oss cf Nothing
The AT has nos yet been discovered ol
making something oat ~ nothing ans
the finaacler uhp stakes his al upon ~
uutnilt city reaching out lafo the vast
! places u Tie earth must bring the run
n hls osn asd kiodrcd institution.
which Lave trusted .n him aud piunel
their faith 10 aesriF yet anfsorn.
Disasters hstc fallen uIssn thcss sg,ec
ulasise lnsiitaiiuns IN brom csfses II
the states - Washington. Csisforass,
5 coicsasio. iAnsas aud Missouri. v hscil
have ia turn Injured solvent ones,
bus the states q New Eugiand al.
the cast aud the middle stssrs and tbsws
~ the northwest. DOT .lees than cf Tbs
soufh have thus Tar escap~i and viii
because the foundations upn which
they are tns!t 10 n rock and not 4
sand.
Itur~ Arr Dcssrwcfise
Such fesirw as that which I har.
indicated caonpi but have The effect q,
quietsnr the fcsfs n the tin,ii aud en
conrsging those who have thu
Tar entertained foTss for "a.
speedy recovery q stnhdens-a Il
turn the hanks have flc rtrhi
a c1nei1erste Treatment from tho pea
re. Let fhosc sbo have - iang tran
sacscd bpsiDs~< with the banking ~
stiiufssBr have sufficient ruufslente ~
them % known and frei that n IA geafs
past the. have proved that The, ~.
likely - to sio n The fsrrsrnf frsstvrucF
Ruus upon banks dessrus the sn'sfeEs
which otherwise uoula 30 rsossrtfsl sn,
those Who indulge In 6'esh cnpss ..
c,ue about the thing which they en-
fhss wish 90 avert
Ia conclusion. 8f tseiIels pad cten
piinsessi e. The ean,lurf - ihe Nts VA
tanters during fhe rrrerni ftrlnFsDef
Each q TIE gentlemen rresssrt fiffs
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