Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1898-02-03
COMMERCE AND MONEY.
These Subjects Discussed by President
Mckinley at a Banquet
,dGovernment Restricted in It's Power to
Promote Induatry-The Financial Plank
of tho NJ. Louis Platform Binding
Upon Republicans.

NEW York, Jan. 2s--The third an
nual banquet Of the National Associa-
ton OF Manufacturers of the United
States, which took place last night at
the Waldorf-Astoria hotel, was one OF
the largest and most elaborate affairs
of the kind ever given in this city.
One thousand guests were seated ut
the tables. At 1880 o'clock Warner
Miller raped for order. The chief
end of the organization, he declared,
was to extend the commerce OF the
United States abroad. This associa-
ton" he said, "would advocate an
other department in the cabinet, name
ly, secretary of commerce"
The widest enthusiasm prevailed
when President Mckinley was intro
-duced. His speech, in part, was as
follows:
Mr. Toastmaster, Members OF the National
Association OF Manufacturers and Guests For
the cordial character Of this greeting return
my thanks The genuineness Of your welcome
is full compensation for having left Washing
ton at an unusually busy season In order TO par
aicipate In this interesting meeting
National policies can encourage industry and
commerce. puO IL rehhlns ior Oho pooPiO w
proIect ana carry mem on II enoso P ololo'
stlmulate lhuustrlal ueVeloplnenO anu enelsy'
the people can be safely trusted to do the rest
The government, however is restricted in us
power to promote industry. 1t can aid COM
merce' Dut not create IT, ~ Gun "lueh uhu
'ueepeh us rlVers improve l.s harpols uhu uo.
Veiop lts great haCionhL wuUcrWuysi ouv tno
shlps 10 san anu inc Vran'c 10 car ry Vne peoPio
must supply Ine government Gun Is sis
revenues by taxation IN suoh way Nv WIN us ms
'crimlnate IN FAVOR OF uomestlo enterprises Du0
~ cannot estaOiisn mem. ~ Gun nshe ooiii-
mercial treates opening 10 our lnnnuIact .t
'and agrlculturists the ports Oh other haIlonS
III can ehter INTO reclprocal altuhsehehOs w
'exchanRe our prouucCs WIN tuose vi oVheI
countries IL can 40 al tnese Inlngs, Hnu oushU
Wo 40 tnemi Dut WIN al inns accomplished INC
result WIN sun DO lheneCIuhl unless suppie.
menteu py energy enterprise anu lnuusVy Va
Wne people
There Is another duty resting upon the na-
'tlonal government 10 com money ana reBula1o
the Value thereol' IhlS uuVy requires CuuU
our government snail reRulate bhe Value OF lbS
money by the hlghest STANDARDS OF commereial
honesty ana natlonal hohor' inc money Oh uno
United states Is ana must forever DC uhques-
'tloneu ana uhassauaple' II uouo1s remain Chey
must be removed. II weak places are discoV-
cred they must be strengthened Nothlng
'shoulu ever tempt us-noIhlng ever VIII teMpO
ms-to scale uoWn Iho sacreu ueDo vi the haOlon
nhrough legal technlcallty Whatever may
DE the language OF the contract the united
states Will dscharge al OF lts obligations IN
the currency recognized Us Ine oest taroughoup
Inc clVlllzeu Worlu a1 the Ilme OF payment
Nor VIII we ever consent mat the wages OF Ia
Dor or It's frugal savings shall be scaled down
by permitting payment IN dollars OF less Value
than the dollars accepted as the pest IN every
'enllghtened nation OF the earth.
the dlihculties IN the pain OF satisfactory
7reform are, 1t must be admitted, neither few IN
number nor slight In degrees but progress cam
nottai to be made with q far ana thorough
trial An honest attempt Will be the best proof
of sincerity OF purpose Discussion cannot
hurt 1t VIII only help the cause Let us nave
full ana free discussion we are the last to
avoid or evade It, intelligent discussion VIII
strengthen the Indifferent and encourage the
Mriends OF stable system OF hnahce'
HaH- heartedness never won pattle Ma
'tions ana parues WlVhouI aDldln8 principles
and stern resolution 10 force them' even II IL
costs continuous struggle 10 DO so, ana tenn
porary sacrlnce' are never IN the highest de-
gree successful leaders IN the progress OF man
Kind FOR us 10 attempt nothing IN the race OF
the present tallacleS ana Ihe constant enort 10
'spread them Is 10 lose Valuable ground already
won ana practlcally 10 weaken the forces OF
sound money Tor tnelr DattleS OF the luture
The financial plank OF the 81 Louis platform
is stlll as commanding upon Republicans ana
those VINO served with them In the last cam
potsd Han yT tSe tar nort oS the patnr
has already been enprafted into public statute.