The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-09-24
PROPHECY OF PROSPERITY
NORTH CAROLINA MAY DRAW
MASSACHUSETTS, COTTON.
SOME WORDS or COMFORT FOR COLORADO
That State and Tennessee May Draw From
Pennsylvania the Iron and Steel Industries
But Some Adequate Reparation
viii Supply the Loss.

Denver. Colo, Sept. 23.-Comptroller
of the Currency James I'll. Eckles was
the guest of honor at banquet given
this evening at the Brown Palace Hotel
by the Denver Clearing House Aasocia-
ton. One hundred distinguished citi-
zens of Colorado, bankers, State Sena-
tors and others, whose names are asso-
ciated with the upbuilding of the city
and the State, were present. Comp
troller Eckels made An afteI-dinneI
speech to which close attention was paid
by his auditors, and at its close ne was
warmly applauded.
After pleading for continuation Of
the feeling of mutual confidence So
long maintained between the East and
West. Mr.. Eckels said:
at will not do for the East to boast
|of its possession of the surplus of the
couatry, which has come with age and
thrift and opportunities, or the West to
point with overwhelming pride to itt
stupendous resources and its wonderful
advancement The wealth of the one
but continues to diminish il not EN-
ployeu and that of the ether is of nt
avail if not developed. The advance
ment of both follows the same pathway
duu tBulcGE Ill tllH SdiE IubtttSlr.
have tonight no plea to%make for the
country's> accumulated capital upon the
one hand, nor for its s~nndeyeloped rich
es on the btfieE> except the plea thai
at time when we are entering upoI
an era of better things they may hi
brought frearer together apd not driver
apart II is a plea consonant with tn,
dictates OF business judgment and ac
cords with common sense. 1t is IA pro
test that may well be uttered by citi-
zens everywhere, no matter what the
measure of their interests or the financial
tenets to which they bear allegiance.
Il am not unmindful Of the fact thai
a large majority OF the citizens Of The
State feel that they have, in the ecOnO
my of commerce. been sorely injured il
one of their great wealth-producing in
dustries. If such a result followed, they
have not been left wholly without com
pensating benefits nor have they suffer
ed more keenly than at various times
in tue country's history have others who
have embarked in other lines OF un
dertaking. 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 to yield to Other
sections OF the country for the indus
tries which their people had hoped t.
build up for the future, and in the years
TO come, / doubt not but that other anC
greater changes viii come upon them
1t is not without the range of posi-
bility that the Carolinas may draw from
Massachusetts the cotton mill and the
States OF Tennessee, and Colorado, from
Pennsylvania the iron and steel indus
tries But If they do, following the
line of economic truth, some new de
velopment will be fostered which will
more than make adequate reparation for
seeming irreparable loss.
''If the citizen of Colorado has suffer
led despite the fact, he can boast a
territory more nearly possessed OF al
the things essential TO the support Of
people than any State within the
borders OF the Union.
Mr.. Eckels closed with a prophecy
that the country is now entering upoI
an era OF renewed prosperity in which
Bast, West, North and South will alike
participate