The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-19
The Proceedings.

Detroit. Mich, Aug. 1S.-The roll of
states was called. and from each state
a member of the nominating commit
tee was named This committee VIII
meet at 8 o'clock tomorrow morning in
the Russell House to select the new
officers of the association.
The representative from each state
was then called upon to give a brief
statement as to the general condition
of business in his locality. Marked i'm
proVement in business conditions and
indications for better things in fhe fll-
ture were the characteristic features
Of all TIE state reports.
Henry W. Yates of Nebraska said the
golden grain of the ripened and ripen-
ing harvests in his state did not re-
fleet the calamity tint to which the ut
teranceS of so many of it's public men
and the vote of the state last fall had
seemed to point.
James Faxon of Chattanooga, Tenn,
derided Mr.. Bryan's claim that the
price Of silver controls the price Of
wheat, and said the recent fall of one
and the rise of the other offered con-
elusive proof of the falsity of that
claim.
ECKELS APPLAUDED.
When Comptroller Eckels came for
ward he was greeted With great ap-
plause- Throughout the reading of his
address the large audience gave care
full attention In closing ne said:
1t is asserted that when the revenues
of the government exceeds it's neces-
sary expenditures no further trouble
will. follow, and the argument based
upon former conditions under q. plethora
of money in the treasury is advanced
in support of the contention. 1t IS for
gotten. however, how greatly the bur-
den placed upon the treasury has been
increased through silver purchases and
issues, and how, under existing con-
dltions of today, the treasury has no
gold income from the ordinary channels
of receipts. The difficulty is a more far
reaching one than mere lack of revenue.
1t touches the vital point in trenching
upon the confidence OF Those dealing
with US in our ability and continuing
determination TO maintain gold pay
nentS. Complete confidence cannot be
restored by increasing the governmental
income, but even if it could there would
be no guarantee against future impair
nIent of it through the same cause.
That danger can only be eliminated by
rendering it impossible to have the
treasury the one source of gold supply
for the people of every nation. It is not
sufficient to have our currency good to-
day, but an earnest pledge must be
given that 1T Will be good tomorrow and
throughout the future. That promise
cannot be accepted unless legislative
action once for all esta blish beyond the
peradventure Of Il doubt that ours is a.
gold standard country with laws eStab-
lishing thJe fact 50 plan that he who
runs MAJ read and with a treasury
so equipped and res0urcefuI as to be
uumOVed, no matter how strongly as
saulted. It viii not be fully credited as
long as it is but the policy of an exc
cutive officer and not the uncontra-
dfcted expression of statutory law
Il ann aware that all this cannot be
brought about without a. struggle. 1t
rests with nations law making powers
to say whether the people shall be
freed from this body of death or
whether they shall still continue to
carry it. The people at the polls de-
clared, after a campaign which knew
no other issue, for complete emancipa-
Jion But from those who stand Within
the inner circle of legislative action the
announcement comes that nothing can
be done unless concessions are made to
interests, the harmful results of which
no man can 1oretell. If such be tine
truth, the duty is placed upon every
citizen who has this countrys good at
heart and would put an end TO the
losses SO long entailed upon his fellows,
to raise his voice in protest against
either iGlaotion or concession, and thus
make the eountry's declaration at the
polls more than a barren victory. With
American people the most potent force
for good is the might Of public opinion.
Against the power of it when once
aroused, no legislator has ever yet been
able to stand no matter how loud his
buastful threats or arrogant mis- de-