Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1897-07-30
GAGE AT BOSTON.
Business Men Banquet the Secre-
tary Of the Treasury.
DELIVERS AN INTERESTING SPEECH.
Effect of the Passage of the Tnrin
Dill Touched Upon-Says There
Is No Need of Haste In FL
nancial Legislation.

aancinl Legislation.
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. Among those
present We're William C. Lowering, who
presided; Gov. Wolcott, Mayor Quincy,
Hon. Charles S. Hamlin, ex-assistant
secretary of the treasury; T. Jefferson
Coolidge, eX-United States ambassador
to France; Hon. j. r. Lesson, William
B. Rice. Jr., and many others. On being
introduced Secretary Gage said in part:
eve 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.
While the issue was pending the profitable
arts of industry came to nearly a 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 its
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
| their high responsibility, may let slip the
| advantages so hardly won.
| Industry Marches Slowly.
| "Upon the possible doubts involved in
this question men of enterprise still hesi-
tate and the columns of industry march
| slowly, with ranks not yet completely
filed. Is there room for doubt on 50 plain
proposition. There ought to be none.
There would be none, except for the work
ing Of that principle Of human nature
| which coaXes US to ease after efYort-that
| spirit of inactivity which on more than
one occasion kept the armies of the union
from annihilating the enemy, and on an
other occasion so paralyzed the confed-
| crate columns as to turn them back from
the easy capture of our capital. Logical
as the duty of the government seems to
| be, do not yourselves supinely rest upon
the conclusion that 1t will certainly be per-
| formed. When 1t rains the roof Is not
| mended because 1t rains; when 1t Is fair
| the roof does not leak. and the indolent
man forgets its weakness. We have passed
| through Wearisome storm. The loss and
cost of it has been enormous, but to-day
the skies are fair, the breeze of prosperity
| brings comfort and restoration. Shall we
not be permitted to rest and enjoy It? No!
| That would be to foolishly wait for If not
| to invite further disaster in the future.
| The final answer, however, must depend
| upon the urgency or the Indifference OF the
| people.
Title administrative branch OF the gov
| eminent will not sleep nor rest inactive.
| FITS Influence has been and will be foF
nfo9pt and jsdicious action. The evidence
OF tf4s fact IS fresh at hand in the mes
sage Just now submitted to congress- IN
the president. A bill to provide for the
NECESSARY re~enales of the government has
already passed the house Of renpesenta-
tlEes and the senate and awaits executive
action,
A Difficult Problem.
What is that ought to be done to give
security and protection to the future? To
| this there are many answers. and to every
answer many objections. We have in
deed a delicate and difficult problem to
| solve. the difficulty being aggravated by
the fact that ignorance, from prejudice
i and passion, enter into, complicate and
vex the solution. This Is one of the pen
alties which popular government must pay
in return for it's multifarious and eminent
benefits. With these drawbacks we can
nevertheless, with patience, find our way.
The recommendation of the president for
commission was admirable in this, that
1t suggested way by which body of
well-trained and thoughtful men could be
provided to consider, at leisure. without
distraction from other pressing themes, the
Important subject of currency and bank
ing reforms.
One Question Settled.
"The two questions before the country in
the last political campaign were the tariff
and the currency. One of them is already
| 1aI l,ota t1a ffc la,,
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 pos
sible brief interregnum, be ample for prop
er government expenditures, and if the
old aphorism be true that 1.-The revenue OF
the state is the state" we say without ex-
aggeration that the state Is reestablished.
We have also reached point where, will,
absolute data furnished, commerce and
manufacture can make correct estimates
md go upon their respective missions
Of exchange and production with a 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.
No Need for Haste.
son the financial side there is really NO
pressing need for haste. There is Ger!
tainly no immediate occasion for anxiety.
With ample reserves in the public treas.
ary; with financial centers in full sup.
ply of loanabie funds; with interest invit.
lngly low; with crop prospects most prom
ising, and good market favorably as.
sured; with new mineral resources com.
ing into view; with a territorial area sui.
| acient to carry Its present population man5
times multiplied; with a people advanc.
ing in the elements of intelligence anG
character, who dare indulge in doleful fore
casts? We need not ignore the fact tina,
: there are many wounds to be cured, ex.
,ited passion to be Gained, and many mis-
understandings to be composed. Nor is 1,
5 Within the limits Of half lifetime indus.
trial methods and processes have beer
revolutionized: combinations, in labor anG
trade and manufactures have superseded
to degree the former processes of indi
vidual movement. 1t is philosophical tc
tending TO final and a higher general good
out in their immediate effects they pro
J: luce incidental injury in many directions
e Perceiving the injury, the hurt cry out anc
cannot be persuaded that any good car
Z, come out of so great an evil. Time will
u 10 much to restore, and the natural laws
S everywhere operating, will bring in at las
n ,heir compensation.
', I'm the meantime our statute laws mus
II earn--npt to repress the operation of
S natural law, which is supreme over man
# made lawsuit they must learn to justl,
a check and punish those who, grasping tn,
new elements of power, pervert them int
II agencies of injustice and oppression. Tn,
It problems of a democratic society, rapid,
~ developing in all directions, are many an
:. troublesome. They must be met WITH pa
u ience. We must not lose faith nor abat
It n courage. With malice toward none
e With charity for ALL each unit In tn
:, mighty organization must bring to thei
II solution the best that Is In him of viftu
and Intelligence. Upon the wise and grea