Red Lodge picket. [volume] (Red Lodge, Mont.) 1889-1907, 1896-09-26

hSN'hA '''N'A'AN''''
l., II pull.-n. president, liz h annual
a'dreSs said in part We have assem-
He'd bert oi This occasion. cpmin2 rom
the north ard The south, and from tie
-Hst and the west. but We are not ,9ividrI
9eoGl' tphic;tlly H. sectional differences
We are proud, even in these troublesome
ti:urs. /" "all ourselves American citi-
ZenS.
Tie American bankers Association
Turing its 90 years has stood for honesty
pdivdual honesty, official honesty. na
tiona: honesty; has always stood for an
honest dollar worth 100 cents and &c
coptod as such in all the markets of the
world. We should occupy the same po
.ition today and far from desiring to
modify our past record, VIC should con-
firm and reiterate it without phases.
dishonest money. because 1t is dishonest.
attracts the laWless and revolutionary
cl"mcnt-the socialist, populist and an
,chist. The issue today is not exclu
slNely honest money, but the very ey
lstchce Of government and the prestrv.,
lion Of law. life and liberty are at stake;
5snks. especially national banks, have
zen assa lied By the yt-pera tons Of i5
norance and passion.
Through the national bank system Il
market was opened for United States
bonds. yielding the money necessary for
Tie prosecution of the war. for the pres
ervation Of our Union, ard I, currency
provided that has never been excelled
for safety, universal acceptance at par
and Immediate redemption. Ninety
three per cent of the business of this
country is transacted by checks and 9TH
TT negotiable Instruments. Eliminate
the banking facilities Of the national
banks and their circula ton. and subSti-
tutc dishonest money the vehicle Of
trade and a chaos woul.l Immediately
esult. Cation and cereals could not be
Produced; if produced could not tie mar
hetel. Transportation would be para
:yzed. the wheels of industry would cease
20 rcEove. enterprise and Development
lie checked and the land plunged into
uin and misery.
Many sincerely believe /, is true that
t ne free and unlimited coinage of sill
Yer at the ratio of 16 to l, and the paJ
mtnt OF existing obligations public and
PERSONAL in thai metal, would be for the
highest good Of the country. We respect
their sincerity in honestly advocating
dishonesty, but regret their hallucina
lon on the subject, and are sorry to see
them ir such disrcputable company.
The question has finally been referred
to TIE ballot box for settlement. There
is a God who presdas over the destnies
If nations. Let us do our duty. and then
trust Him in the present crisis of ouF
beloved country for the p1 ese1Vat1on OF
| its honor and liberty inscrarab!c, for. as
| I.lrke said What is liberty without wis
| dom and with out virtue3 Such liberty
| ia the greatest of all possible evils. for
| it is vice and folly. and madness With
| out tuition and without restraint
| From liberty without honor or virtue.
1
| anarchy and ruin. good Lord deliver US.
| At the conclusion of Mr.. Plllen $
| address the reports of the executive
| council and protective committee wer'
| read by Chairman Joseph G. Hendrcy
! president of the National Union bank OF
| New York. The report OF the eXecutiv,
| council states that, in its opinion. tht
| existing commercial depression is mma
diatcly due to the attacks which threat
IN 10 overthrow the present gold stand
ard Of value and adds in part:
| We further believe that our full meas
| of national prosperity will not be gained
until the whole world understands tn.
dollar OF the United States is 100 cents
worth of gold, and that the nation in
| tends to keen it at that value
| We believe that an opportunity is pre-
scented by the issue of the political cam
| naign to give Il lasting definition of TIL
| dollar as a morey unit. to permanent.
| settle the foundation Of our money sys
| tenn and to remove the menace of a.
| oyortllrn of value and far-reaching rui
and distress, which q descent TO a sA-'e
! t,asis would involve.
The treasurer's report was read. in tn
absence of that officer, by William 4
| Porter OF the Chase National bank 0
. | New York 1t was followed by the repoi
| of the auditing committee.
| Secretary Branch s annual report say
| dat the close of the year 1896 shows th
largest membership in the history OF IN
| association. In 1889 the association ma
| ofG0 members. This was the maXlml'
| r,,,nh.r until th. present time 'rh
, | membership had shrunk as low as lo
| and the association, by the secretary
| report has made q net loss Of Az men
| hers from 1889 to and through 1898. Sft
;, | September l, 1895, GAS have been added
the list ana Il lost, q large proportion
| the latter having been either asslgnf
: or liGuidated.
. F. w. Hayes, president of the Presto
: National bank CT Detroit, read the r
: Fort Of the committee Oh express morls
@ orders. There was no discussion ar
t an adjournment was had for the day.
The delegates and their families tnf
took carriages and were driven to unit
Station, where lunch was served. aft