The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-10-16
a Roseate View.

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a ROSeate View.
He concluded his annual address as
follows:
"A year ago. at your convention in
Baltimore, plan for the reformation
of our national currency system was
adopted, and While the recommends
tons of the association did not meet
with universal approval the action OF
the convention gave rise to most eX-
tensive agitation of the currency ques-
ton, both in and out of Congress, and
a great deal of valuab BILE discussion fol-
lowed. The effort of the association to
deal with this subject has not been
fruitleSS, and it is to be hoped that
the agitation thus initiated will con-
tinue until the government shall aban-
don the issuance of notes, and a more
perfect currency system shall be
adopted The evils of our present sys-
tenn were never more apparent than
today. During the period since we last
met together our country has passed
through an experience that will not
soon be forgotten. Following a season
of universal liquidation and distress,
the country was confronted by a ma
tlonal treasury forced almost to the
very verge of bankruptcy, and was
saved from this only by the heroic
and patriotic action of wise
and courageous president. For weeks
uncertainty and confusion prevailed,
and were not allayed until by the sale
Of a large amount of bonds the govern
ment recovered its gold reserve. That
this expedient offered but temporary re-
lief we have had ample evidence, and
the signs are not wanting to indicate
va fIn1 in CT
unless we shall depart entirely from
the present makeshift and pernicious
system of governmental note issues.
Present Evils.
With scientific monetary system,
based upon the standard which has re-
ceived the endorsement of the most civ
ilized nations, we may feel assured that
the intelligent and energetic people of
the United States will develop and util-
ize to an extent beyond the dreams of
the widest visionary the marvellous re-
sources which nature has with such
generosity bestowed upon us, until at
last we shall take our true place among
the nations Of the earth, the foremost
in material prosperity and moral worth,
which will be manifested in the adj
Vancement of our arts and sciences,
and in the day life of our people To-
udg. were II NOT LOT our uncertain cur
rency system, we might we'll congratu-
late ourselves opon the condition of at
fairs. Abundant crops have rewarded
the labors of the husbandman, the
wheels of industry are moving more
smoothly and rapidly, confidence is tax
ing the place of doubt, assurance OF
hesitation, and altogether the prospect,
but for one SINCE cloud is full of en-
coura cement. With the increasing
of the people we may hope
to prosper, even as we suffer with them
in their misfortunes. To US. as bank
ers. is committed the duty of maintains
ing the credit of our people. This we
can do by abiding by those principles
of financial morality. the truth of
which time and experience have dem
onstrated Upon US. as an association,
rests a large responsibility to combat
error, to contend for the truth to as
sist in raising the standard OF CONNER
cial and national honor. to extend the
sentiment of brotherly fellowship-this
is our mission.
Are we capable of discharging the