The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-01-13

Speech to the Convention on T'akine
his sent.

Indianapolis ind January IL Tho fol
lowing IL the speech Of Temporary Chair
man o "a Stanari nf Sc Louis hcfirc tho
monetary convention;
Gentlemen ! drsirc to thank YOU for the
honor yen have conferred upon me by this
| call 20 preside over the Temporary dolibera
lloua II this convention
Early In December at The inspro of
| the board OF trade ana the huNlnoAa men of
| indianapolis. Il preliminary monetary con-
ference WAS calloi to moet h"re. consist
| INK of Representatives Ot commercial or
ganizationn Of some of the Central Western
Stntca, nnd thai conference waa composed
OF come hfty business mon
After thorough aud rather oemprehcn'
sivo diacuaalon of matirra under consider
| alton. II wng resolved ia invite the com
| nnruial organizations oi the United States
to send delegates to a Convention TO he held
! In this city today, 20 consider mnttora OF
| importance pertaining especially 10 the mn
aucial policy OF our government Pursuant
to lhla action you have here assembled, and
| I congratulate you and the country upon
tho aHaomhlage of thia convention Of hnsi'
| ncas men to conHidur matirtB III 40 great
| Importance to the country.
| II H. moi my purpose on this occasion "a
suggest any giVon line of policy to be pur'
| sued Ia rcmedying the evils OF when ,ntn-
| piaint has been made or that may DO aus.
| erstrd here ur hereafter. But may men
| ton TO my mind some nf the most glar-
| lng defects IA our nnanulal system, In this
| connection II Va safe Tor me IA say thu,
| the stability, prosperity aud safety of our
| commercial manufacturing, banking ana
| agricultural operations depend upon safe
| comprehensive aud stable hnanclpl policy
for our government q policy that may be
! 4 a.. t.. 81 nm xtalF
aud from one political administration ID
another, and 10 be taken, Ms far Al posaihlc
out Of the realm Of politics.
confidence w. tho foundation on witch
huslncss and all affairs of material inter
est are built There should be enohsN
money Ia do the business of the cnpniry
and there should be 40 donht about 81
character and no shaking OF confidence "a
take IL out and keep Il ont of circulation
| Tho peapie OF the United States not onlS
should have confidence IN our iinancia
methods, hut all the nations OF the enrii
With whom We have commercial frlationl
should have assurance ~ the STABILITY o
our financial affslrn, no TIA, they may Know
ON what basis they are working, Thln u
of great Importance to ua nH we'll an Il
the foreign nations when We take into hc
count that during the last year We export
| ed 10 foretgn countries mere than a thou
aand million OF dplars worth of the sur
plus OF our soil and the Industries OF GU
people. and imported little mare ttai
aeyen hundred millions " their pfoiuotu
and while our operations with foreign onun
trien may not be quito us large every yea
as this, they are always OF enormous pro
portions.
The present financial methods ot tho gov
efumeni are largely thoae adopted dnrln
tho war. when there were great cmerscn
eiea, / believe there Ia very strong an
/. constantly Increasing conviction Among on
people tina, rome method should be adopt
ed for the retiremen, of the United state
treasury mates, and that they should ne
much longer he tolerated as oifeuiaua
medium They have been hindfanor
the prosperity ot our government Tor man
I, yeEfs, They arn a constant menace 10 ou
treasury reserve ana 90 the credit ui ~
z, government and when entertainments ~
(, made upon these ivserves yomnef,e stana
IN fear and trembling. There secns 10 !
E. a we'll defined conviction Amons bualno'
!, men from tho experiences of the past ,h'
/. there should ba no nc<cs IN clrculatle