The San Francisco call., 1897-07-28
Commercial Skies Made
Bright by Prosper
ity's Breeze.
Yet the Difficult Task of Cur.
renCy Reform Remains
to Be Solved.
Business Men of Boston Listen tc
the Sound Logic Of the Secre-
tary of the Treasury.


of $50 of the leading business men OF
Massachusetts, regardless of party atfilla-
tions, entertained Secretary OF the Treas
ury Gage at dinner at the Tuileries this
afternoon. 1t was expected that Cages &
speech would define the financial policy
of the administration, but the Secretary 5
remarks were confined almost en- tirely to
generslities. Secretary Gage said in part:
I'VE nave passed through a wearisome
storm. The loss and cost have been
enormous, but to-day the skies sre fair
and the breeze of prosperity brings COM
fort and prosperity. Shall we not be per-
mitted to rest and enjoy it2 No; that
would be to foolish!y wait for further dis
aster. The administrative branch of the
Government will not sleep nor rest in
active. It's influence will be for prompt,
judicious action. Evidence OF this fact IS
fresh at hand in the message just sub
mitted to Congress by the President. But
the administration cannot make laws. 1t
is, then, to the legislative body that your
thoughtful attention should be given II
you desire financial reform. Your Sena-
tors and Representatives cannot con-
sciousy antagonize your well-consldered
d sires, but they must be constantly re-
minded of what you demand. We have,
indeed, a delicate and difficult problem TO
solve, the difficulty being aggravated by
the TACT that ignorance, prejudice and
passion enter in to com plicate and Vex the
solution. With these draw backs we can,
nevertheless, with patience find our way.
The recommendation of the President
for a commission was admirable in this
that it suggested a way by which body
of we'll trained and thoughtful men could
be provided to consider, at leisure, with
out distraction from other pressing
themes, the important subject of currency
and banking reforms. 1t al the same
time opened a forum to which could be
admitted every contributive suggestion
from all classes and conditions of man.
And if there is anything dear to an Amer
leans heart i. is the privilege of having
his say. Give him his say in court, let his
argument be heard, and then, if the jury
is against him. he rests satisfied.
"To these incidental moral advantages
may be added the reasonable expectation
that the com mission would have been
able to gather in most valuable informa-
tion and finally to formulate wise recon-
mendations worthy OF early and favorable
consideration by Congress at the regular
session next winter. That the bill which
passed the House with promptness failed
of recognition in the Senate may be a
matter of regret, but not of discourage
n ent.
The two questions before the country
in the last political campaign were the
tariff and the currency. One OF them is
already settled. Whatever the merits or
dement's OF the new measure in its par
ticular items, it has become the law of the
land. The revenues derived from it will,
after possible brief interim, be ample for
proper Government expenditures, and il
the Old aphorism be true that the reve-
nue. of the State is the State We may say
without exaggeration that the State is re-
esta ablished.
I'VE have also reached a point where,
with absolute data furnished, commerce
AMI manufacture can make correct esti-
mates and go upon their respective mis-
sions of exchange and prod ucu2n with a
new sense of security. The responsible
party in power, having successfully
covered this one important issue, may be
safely trusted 10 care equally well for the
other. On the financial side there is
really 10 pressing need for haste. There
is certainly no immediate occas on for
anxiety. With emple reserves in the pub
lie treasury, with financial centers In
full supply OF Ioanable funds, with interest
invitingly low, with crop prospects most
promising and a good market favora Div
a, sured, with new mineral resources COM
ing into view, with a territorial area
sufficient TO carry its present population
many times multiplied, with a people ad
vancing in the e.ements OF intelligence
and character, who dare indulge in dole
ful iorecasts2
eve need not ignore the fact that there
were many wounds to be cured and ex-
cited passions TO be calmed Within the
limits OF half a lifetime the industrial
methods and processes have been revolu.
tionzed. and com bin atoms in la Dor, trade
aad manufactures have superseded to a
vast degree beyond the former processes
of individual movement. 1t is phiIosophi-
cal TO believe that they are all evolution
airy, tending to final higher and general
good, but in their immediate effects they
produce incidental injury in many direc-
tons. Percelying the in jury to those hurt
they cry out, but cannot be persuaded that
any good can come out of so great an evil.
Time will do much to restore, and natural
laws everywhere operating will bring at
last their compensation. In the mean
time our astule lawmakers must learn 70
punish those who are gra- ping new ele-
ments of power to pervert them into agen-
cies of inju tices and oppression. Prob
lens of democratic society are rapidly de-
veloping in all directions and are many
and troublesome. They must be met with
patience. We must not lose faith nor
abste courag :"
Congressman Lowering presided at the
banquet. Jefferson Coolidge made an
address of we come. Governor Wocott
spoke for the State and Mayor Quincy for
the city. The burden OF the speeches was
rejoicing that prosperity is at hand be-
cause the tariff question is settled, with
incidental expression of hope that some
thing would be done to better the finan-
cial system.
Indian Grrf A.SHuIIpd and Nurdered.
TOLEDO, Iowa, July GA pretty In
dian gill of the Tama tribe was assaulted
H.