The record-union., 1897-08-20
WenStOCk, Lubin C CO., 4OO-4I2 Street, Sacramento
this tyrant politics, which rules our

| this tyrant politics, which rules our
| business world.
mot more degraded the SerfS of the
broad white plains than we of America,
| bound down with the chains Of political
possibility-slaves to a system which
makes us labor day by day, with no re-
Ward-bTain and muscle wasted be-
cause of bad legislation, which brings
| to naught all our agony of toll and
| extorts every dollar of profit from our
utmost exertion-
''When will all this be changed? /
cannot but feel that a nation which is
| at heart right, which has freed She
| black slave at a cost untold-Will at last
turn upon it's prosecutors and free the
1 white slave as well-will cast off the
shackles from the business toiler and
give US at least commercial freedom in
these great States.
My fellow laborers-business men of
the United States be not deceived by
/ prosperity, as you were in 1879, but in
sist that the cancer be cut out by leg
islation, that sound currency laws be
enacted. commercial freedom establish
| ed and no chance left open for an
other '93, or, worse still, for the ami
! hilation which would follow another
90"
The subject of M G. Gunby Jordan
of Columbus, Ga, was: How Would
National Banks With Capital Less
Than $4,000 Be of Benefit to This
Country" He said in part:
"A monetary conference command
| ing and obtaining the attention of the
chief executive of 73,000 600 of Ameri-
cans has lately declared that a bank
| ing system be provided which should
/ furnish credit facilities to every por-
ton of this country, and a safe and
elastic circulation, and especially with
a view to securing such a distribution
/ of the loanable capital of the country
as will tend to equaliZe the rates of
| interest III all parts thereof What
| ever may be the individual views each
! of Us may have on other financial af-
| fairs, to this demand every member of
/ this convention, every banker every
right thinking man in the Union can
| subscribe. In this moment, when politi-
| cal contests and professional politics do
not beclcud the question, 1t is a fitting
/ time to earnestly seek q method to en-
large borrowing facilities, to better dis
| tribute the loanable capital now con-
| gested in the centers, and pull from
/ It's IIO11lS pldC6 the luie HOdfdIISS VI
sections now lily provided with banks.
/ The ideal we may aspire to, perfection
we may hope for but practical men
rarely expect to attain either. The ag-
| itation now happily well inaugurated
may eventually lead US to an ideal
monetary system including perfection
in banking; but for one, expect neith-
/ er 1T an early date. So let US take what
we have and make the most of it. The
| demand of bankers for the retirement
| of the greenbacks, the elamor of the
agitators for the abolishment of the
national banks will neither, probably,
| find accomplishment in our day. The
| party in power has a record opposed
/ to both propositions. The national
| banking system is with US, and with
all it's faults there is much that COM
mends it. Our lawmakers seem to pre-
fer it, and it will likely endure. The
part of wisdom, the practical thing to
| expect of them, is to have that law so
| amended as to meet the changed con-
| ditions of the republic, and to allow
| it to properly fill the mission of the
/ day.
Among the amendments none could
serve a wiser purpose or prove more
| beneicent than a reduction in the min
| imum amount of capital required for
the organization of a national bank"