The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-09-24
ADVICE TO COLORADO
SPEECH BY CONTROLLER OF THE
CURRENCY ECI1ELS AT DENVER.
Plea for the Continuation of q Feel
ing of Mutual Confidence Between
the East and West.

DENVER, Col, Sept. 23.-Controler of the
Currency James III. Eckels was the guest of
honor at banquet given this evening at
the Brown Palace Hotel by the Denver
Clearing house Association. One hundred
distinguished citizens of Colorado, bankers,
statesmen and others whose names are as
sociated with the upbuilding of this city
and the State, were present Controller
Eckels made an after-dinner speech, to
which close attention was paid by his
auditors, and at its close he was warmly
aplauded. Mr.. Eckels began by emphasize
ing the fact that citizens of all parts of the
country are actuated by the same spirit-a
desire for the good of the whole country
and that no matter how fierce the fight be-
tween partsans might be waged, there is
no danger of its weakening the foundation
of the Republic. After pleading for a con-
tinuation of the feeling of mutual con-
hdence so long maintained between the East
and West he said: 1T will not do for the
East to boast of it's possession of surplus
capital of the country which has come with
age and thrift and opportunities, or the
West to point with overweening pride to its
stupendouS resources and it's wonderful ad-
vancement. The wealth of the one but con-
tinues to diminish if not employed, and that
of the other is of no avail ii not developed.
The advancement of both follows the same
pathway, and centers in the same interests.
l have tonight no plea to make for the
country's accumulated capital on the one
hand, nor for its undeveloped riches on the
other, except the plea that at a time when
We are entering on an era of better things
they may be brought nearer together and
not driven wider apart. 1t is a plea con-
sonant with the dictates of business judg-
ment and accords with common sense. 1t is
protest that may be uttered by citizens
everywhere, no matter what the measure OF
their interests or the financial tenets to
which they bear allegiance
Il am not unmlndtul of the fact that a
large majority of the citizens of this State
feel that they have in the economy of COM
merce been sorely injured IN one OF their
great Wealth-prOducing industries 1T such
a result has followed they have not been
left wholly without compensating benefits,
nor have they suffered more keenly than at
various times in the country's history have
others who have embarked in other lines of
undertaking. The law of the commercial
world, through all its history, is proven to
be a law of continual change. More than
once New England and the East have been
compelled toS yield to other sections of the
country great industries which their people
had hoped to build upon for the future, and
in the years to come l doubt not but that
other and greater changes Will come upon
them. 1t is not without the range OF pos
sibility that the CarOlinas may draw from
Massachusetts the cotton rnill and the
States of Tennessee and Colorado from
Pennsylvania the steel and iron industries.
But if they do, following the line of eco
nomic truth some new development will be
fostered which will more than make ade-
uuate reparation for a seeming irreparable
loss If the citizen of Colorado has suffered
he can still boast territory more nearly
possessed Of all the things essential to the
support of a people than any State within
the borders of the Union.
Mr. Eckels closed with prophecy that
the country is now entering upon an era of
renewed prosperity in which East, West,
North and South will alike participate.