The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1897-08-04
GAGE AT BOSTON.
Business Men Banquet the Secretary
of the Treasury.

- TIC
Boston, July 2S. - The dinner Of
Boston business men to Secretary Gage
at the Tuilleries Tuesday afternoon was
attended by about $50 of the leading
men in professional and commercial life
in the city An informal reception was
held preceding the dinner, which oc-
Cured at 2:45 o'clock. On being
acknowledgements Gage said in part:
1--WE have met here in period fraught
with its own interests. Opposing forces met
In November last and contended bitterly
over the most vital of economic questions.
Wnfle the issue was pending the profitable
arts OF industry came to nearly stand
STILL Trade and commerce declined to
the narrowest limits, and in breathless
suspense those who could comprehend the
deep import of the Issue waited for it's
determination. That issue Is now decided
The ballot, magic exponent of the popular
will, has recorded it's imperative voice
for honest money and for liberty regulated
by law. 1t now remains to be seen whether
from that decision there is to be any sue
cessful appeal. 1t is this that gives in
terest, anxious interest, to the prospective
action of those who, clothed with legis-
lative and executive functions, have 1t In
their power to make secure the fruits of
victory, or who, by failing to comprehend
tiCiI iilSl TcSpOuSlDlllly, may lCI oiiP eiC
advantages so hardly won.
THE administration branch Of the gov
eminent will not sleep nor rest inactive.
It's influence has been and will be for
prompt and judicious action. The evidence
Of this fact Is fresh at hand in the mes
sage just now submitted to congress by
the president. bill to provide for the
necessary revenues of the government has
already passed the house of representa-
tives and the senate.
1.-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 it's particular items,
1t has become the law of the land. The rev.
enues derived from 1t will, after a pos
sible brief interregnum. be ample for prop
er government expenditures. and II the
old aphorism be true that the revenue of
the state is the state we say without eX-
aggeration that the state is reeStablished.
We have also reached a point where, with
absolute data furnished, commerce and
manufacture can make correct estimates
and go upon their respective missions
of exchange and production with new
sense of security. The responsible party
in power. having successfully covered this
one important issue, may be safely trusted
to care equally well for the other.
ION the financial side there is really no
pressing need for haste. There is GER
tainly no immediate occasion Tor anxiety.
With ample reserves In the public treas
ury: with financial centers in a full sup
ply of loanable funds: with interest invit-
ingly low: with crop prospects most prom
Using, and a good market favorably as
sured: with new mineral resources COM
ing into view: with a territorial area suf-
ficient to carry its present population many
times multiplied; with a people advanc-
ing in the elements of intelligence and
character, who dare indulge in doleful fore
casts? We need not ignore the fact that
there are many wounds to be cured. ex-
cited passion to be Gained, and many mis-
understandings to be composed. Nor is 1t
passing strange that this should be so.
Within the limits of half lifetime indus
trial methods and processes have been
revolutioniZed; combinations, In labor and
trade and manufactures, have superseded
to a degree the former processes of indi-
vidual movement. 1t is philosophical to
believe that they are all evolutionary
tending to final and higher general good,
but in their immediate effects they pro-
duce incidental injury in many directions.
Perceiving the injury, the hurt cry out and
cannot be persuaded that any good can
come out of so great an evil. Time will
do much to restore. and the natural laws,
everywhere operating, will bring in at last
their compensation"