The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-08-19
ANXIOUS TO ALTER
BANKERS NOT A LITTLE UNEASY
ABOUT THE CURRENCY.

7. Tn. Address of Mr.. Eckles Before the
Convention at Detroit and Along with
the Plan Suggested by Mr.. Branch OF
Richmond There are Intimations that
Itts Hirh Time Something Wore Done
IN Rectif, Admitted Evils, ~ Well ss to
"Educste" the People, Lost Worse
Things Befali.
Detroit, Mich, Aug. 1s.-The star at
traction of today's session OF the BANK
ers' convention was Comptroller Eckles.
| Al the conclusion Of mis- address he was
| surrounded by more than score OF mem
bers. who pressed forward TO shake MS
hand. A vote Of thanks was unanimous
" given the young comptroller tor Ms
speech. While Mr.. Eckles was speaking
Standing room was hardly to be had IN
the theatre, but as soon as ne nao mn
ished the audience rapidly dwind-ed'
leaving such a wide expanse OF empty
seats that most of the addresses remain
tomorrow morning. This makes the Hss
Of papers for the final day.of the conVen-
| ton very long one, and as Trip 10 inc
i disti1lery Of Hiram Walker & Sons, al
warkerville. is scheduled for 1 O'Clock
tomorrow. it vii. keep the delegates busy
20 dispose Of all their business.
The list of new officers will be SUBMIT
ed in the morning by the committee on
rronlina tons. Joseph G. Henorlx sun
annears 70 be the unanimous cnoice Iof
nrasident. with Frank W. Tracy OF
Springfield, H., and George H. Russell OF
Detroit apparently about even for VICE
president.
In snite Of the rainy and somewhat
enid weather. the delegates boarded the
steamers Pleasure and Promise late TINS
afternoon and steamed up the river anu
across Lake ST. CAR.
An elaborate luncheon was provloed oy
the Detroit entertainment COMMITTEES ano
=, the party did not reach the dock AGAIN
until well along towards midnight.
Datroit. Aug. 1s-The announcement
that Comptroller Of the Currency Eckle:
would make an address drew this morn
: ine's session of the bankers convention
an audience unusually large. A large
number OF ladies' were present. Kew
David NJ. Cooper Of this city delivered
the invocation.
The roll of states was then called an'
from each state member OF the nom
mating committee was named.
A representative of each state wal
then called upon to give brief state
ment as TO the general condition OF busl
ness in his locality.
MIR. ECKLES' ADDRESS.
. Mr.. Eckles, in his address, said II
part:
81 appreciate the compliment paid m
- by the American Bankers association l.
i, | again making me it's guest and inviting
4 | me to address its members. do no
!. however. fatter myself that upon tn
questions of banking and currency re
form, which have long been OF publ
: moment, / can either throw any ne'
> light or adduce any new facts. The
have so much engaged public attentio
and provoked public dispute that, at IN
best, al arguments are now but a re
Arrangement of propositions already lai
down and all facts given but resta'e
ment of those already known. The WI:
dom and strength of their continual itel
- alton lies in emphasizing, through such
course, the necessity Of remedying tf
natent evils of a financial system {
= ! which all complain. The time for sue
action could not be more opportune. IT
country stands rid, for some years,
least, of tariff agitation. and irrespectN
of the merits or dement's Of the new &C
-, every business man knows, in so far as
is concerned, upon what basis 10 engae
in manufacturing, trade and commerce
:, The evidence accunulates with eaC
~ days advices that the long continued d
preston in financial circles has passe
y and, thanks 10 five years Of forced &c
:. nomy and cessation speculation, couple
:. with today's abundant harvest at rem
=, nerative prices TO the agriculturist, ne
- prosperity is coming 20 the people. Tn
" prosperity, if il is TO be of real wort
ought TO be permanent in character al
reach 10 all classes and interests.
= It demands TO this end cooperation
: the part of every citizen OF the repuoll
- whether ne fills a public or private st
"a ton. Otherwise Il will be- as IN the pa
law-made in every feature of il, flndil
= fruition in immsa surably worse cont
"e tons than have been upon US.
thoughtful student of affairs can fail
know how largely as a contributing e
to ment to all the past idleness, agitatic
III distress and poverty has been the ext
RS. vagance which has entered into !
nd Americans everyday life. l. has reac
n. ed 10 both his public and his private
1t fairs and in lis full effect has been
is. menace 70 the country's welfare. L
he not indulge in an unwarranted ASSERT
he when I say that much Of this must
:ic chargeable 20 the Misrepresentation whi
nd in the years prior 70 1893 flowed fri
list the unwholesome cheapening OF credit
,ty the part OF those who have had 70 I
an in a controlling capacity, with the mC
ct, eyed institutions OF the country. The
asst is a point in competition between bar
ing institutions which lies beyond
danger Inc and when TOUGHER nvaria'
u results in complete collapse. The &
=. cannot be too strongly stated or The tn
made too pronounced OF the responsib
" resting upon the banker OF keep
within legitimate bounds the activi-
n. OF trade. the operations OF ne specuIA
4. and the standard Of public and p-iv'
IA expenditure. I; is by MS aid that
terprise is fostered and through The lei
ing % funds entrusted 70 his keeping :
- industry becomes profitable and la
-oh finds employment. His rule OF SAT
NJ lies in a conservatism mat is hea -
oA- and a prudence based upon careful
ri, yes-igacion and analysis"
Referring 20 TIE financial system %
OBJ Tinted States Mr.. EckieS passed the