The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-10-15

Thrift the Best Coinage Law.
Springfield, H., Oct. 4.-The Si1Ih
annual convention of the Illinois Stare
Bankers association convened in the
state chamber today. The attendance
was meagre. not more than foE'ty-flVe
delegates being present, representing
membership Of 466 in the state. Posi-
bly, 200 persons were present at the
opening session. Mayor Woodruff, on
behalf of the city, welcomed the dele
gates. Andrew J. Lester read an ad-
dress of welcome. by Frank w. Tracy,
on behalf of the local bankers. The re-
sponse by President william P. Hall-
day was very interesting. He said:
az belong 10 neither that class pre-
tending to believe that all the bad and
scheming men are on one side Of the
money question, nor to that other class
claiming TO have only the workingrnan' s
interest att heart, regardless OF my own.
believe that a currency system could
be adopted somewhat in the mature of
uhe famous Baltimore plan which
would be of great benefit to the whole
country, but particularly TO the south
and west, where the Cry for a, change
Is greatest. Those who seek TO array
one class of our citizens against enoth-
er are the greatest enemies our coun-
try can ever have. Should they ult-
n1aiteIy triumph. the death knel of the
Republic viii soon be sounded. 1t IS
not our monetary system that has
made the habiJantS of the eaStern
states a saving people, which We Of the
South and west are not. We cannot
eat our cake and have it too. We can
not indulge an our whinss and concerts
and at the same time lay up our earn
ln.gs. For this reason the eastern peo-
pie are an interest earning people,
while those of the south AID west are
Hn intereSt-paying people. No none
tary system Can or ought to change this
law, for 1T was industry, thrift and
economy that were intended to accom-
plish it. The investment of money of
nom residents in both Old and new
southern and western enterprises us
necessary 10 prosperity. We cannot get
along without it, but wiz a declaration
upon our party that we want cheap
money to pay debts which we agreed TO
pay in the best money, tempt CAPITAL
hither? The sooner every man accepts
as fundamental proof the principle
that a contract is a two-sided affair,
equally binding on both, the sooner
VIII we be rid of a gitators and mischief
makers, and the more surely wild our
race become in the fullest and best
sense. manly and honest and our cOun-
try great and prosperous. We cannot
Increase the natural dengaGsd for wheat,
corn, cotton or any other labor pro-
ducts by coming Silver. We should
never lose sight of the fact that the ap-
pearance of wealth does not make us
rich, amy more than the appearance of
heat will warm us in very cold weather
Stern reality is sure to undeceive US
If we attempt the costly experiment. of
folding ourselves. We cannot alter or
defy the laws of nature. What any
nation can do in the higher ways Of
civilization, we can do. but We cannot
make water run UP hill and we cannot
by a mere law make silver equal TO
gold
Reports by the secretary-treasurer
of the executive council and nominal
ton committee followed, dosing The
session.
George A. Sanders and Judge S. p.
Wheeler OF Springfield delivered papers
this evening. A reception was givenlito
the delegates tonight at the residence of
b. F. Ferguson.