Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1898-02-03
M'kINLEY AT A FEAST.
President Declares Financial T,er;..
fation Is Needed.

1sAAon As Needed
The third annual banquet .of the M
tional Association of Manufacturers IF
the United States, which took place
Thursday night at the Waldorf Astoria
Hotel in New York, was one of the larp.
est and most elaborate affairs of the kind
ever given in the city. One thousand
guests were seated at the tables.
Warner Miller called the gathering ts
order. He said there was nothing polit.
ical in the organization. The chief end
of the organization, he declared, was to
extend the commerce of the United States
abroad. Mr.. Miller introduced Theodore
Z. Search, president Of the association.
who spoke briefly.
Inc widest enthusiasm prevailed when
President Mckinley was introduced. Men
stood III their seats, women in the boxes
waved their handkerchiefs and the up
roar drowned the speakers voice,
President Mckinley spoke slowly and
was plainly heard i'll every portion Of the
hall. He said in part:
National policies can encourage industry
and commerce, but it remains for the people
to project and carry them on If ii csc poli-
cies stimulate industrial DEVELOPMENT and
energy the people can be safely trusted to do
eAS Isl. He dofefuLnent, however, Is re-
strlcted In its power to promote industry 1t
can ala commerce, but not create It, Much
pfontaDe trade Is still unenjoyed by our
people because of their present insufficient
iaclilties Tor reaching desirable markets.
Much OF 1t Is lost because of a lack of infor-
nation and an ignorance of the conditions
and needs of other nations.
mere Is another duty resting upon the
national GoFernment-to coin money and
regulate the value thereof. This duty re-
quires that our Government shall regulate
the value of its money by the highest stand
ard of commercial honesty and national hon
or. Inc money of the United States is and
must forever be unquestfoned and unassail-
apie. Nothing should ever tempt us-noth-
ing ever will tempt us-to scale down the
sacred debt of the nation through a legal
technicality. Whatever may be the Ian
guage OF the contract, the United States will
discharge all its obligations in the currency
recognized as the best throughout the civ
lllZed world at the times of payment Nor
VIII we ever consent that the wages of labor
or It's frugal savings shall be scaled down by
permitting payment in dollars of less value
than the dollars accepted as the best in
every enlightened nation of the earth I'M
der existing conditions our citizens cannot
De excused II they do not redouble their eff
forts to secure such financial legislation as
VIII place their honorable intentions beyond
dispute.
l have no fear for the future of our be-
loved country. While discern in it's pres
ent condition the necessity that always ex-.
lists for the faithful devotion Of it's citizens,
the history of it's past is assurance to me
that this will be as it always has been
through every struggle and emergency. still
onward and upward. 1t has never suffered
from any trial or been unequal to any test.
Founded upon right principles we have
nothing to fear from the vcissitudes which
may lie across pathway. The nation
founded by the fathers upon principles Of
virtue, education. freedom and human
rights; nodded by the great discussions
which established it's sovereignty, tried in
the crucble of civil war, its integrity con-
firmed by the results of reconstruction,
with union stronger and better than ever
before, stands to-day not upon shifting
sands, but upon immovable foundations