The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-03-20
SEC'Y CAGES NOTES OF ALARM
DO NOT INTERFERE WITH HIS
GOOD DIGESTION.
Race From the Cleveland Banquet to
the One at Pittsburg-Shafts Di-
rected at Silver Alliance.

Pittsburg. March 1O-The annual
banquet of the chamber of commerce
of Pittsburg, given at the Duquesne
club this evening, at which Lyman ].
Gage, secretary of the treasury of the
United States. was the principal guest
of honor and speaker, proved the most
pretentious and important affair of the
kind ever attempted by this organiza-
ton. Other banquets given by the
chamber of commerce have been of
purely local character. That of tonight
was of a national character and i'm
portance.
The decorations were the finest and
most artistic ever seen in the Du-
quesne club. and the menu was elab-
crate and unique.
The banquet began promptly at
o'clock, with 225 guests seated at three
I long tables, extending the entire length
of the banqueting hall The speakers
were seated at the center of the first
table, facing the entrance. Banker
William r. Thompson was the toast
master. President John Bindley of the
chamber of commerce delivered the adj
dress of welcome. responding to the
toast. The Chamber of Commerce
Duties and Responsibilities.
Secretary Gage spoke of American
Enterprise; Some of Its Trials and
Achievements"
Mr.. Gage said, in part:
TT we would promote productivity,
commerce and trade, we should try to
encourage and maintain these condi-
lions favorable to the just confidence of
man in man, and the confidence of man
in the future. The producer of raw
material parts with his product in the
faith that the manufacturer to whom
he transfers it will, in due course, be
not onl ywilling, but will possess the
ability to pay for it. Likewise, the
manufacturer disposes of his wares to
the wholesale merchant moved by sim
liar faith. The wholesale merchant, in
turn, sells to the retailer on credit
terms, in the belief that this man, the
last in the order of distribution, will
find his credits. extended in small
sums to the mechanic and laborer, safe
and secure.
DISTURBING INFLUENCES.
whatever disturbs these general
faiths and condolences, unsettleS COM
merce and disturbs industry. Unhap-
PLY, the disturbing influences are nu-
merous, and by their interpoSition from
time to time, suffering and ruin result
Wars, the fears of wars, crop failures
widespread industrial revoltS, shocks
arising from the betrayal of great
fiduciary duties-these are some of the
adverse influences. But none of these
nor several of them associated, are as
harmful as are the doubts and fears
which arise from the apprehension of
a radical change in the money stand
ard to which all commodities and all
credits stand finally related.
And yet. we find a great party, in
blind disregard of this fact, placing as
a foundation stone to their political
doctrine. a proposition charged with the
most destructive consequences to our
commercial and industrial life. This
proposition is urged upon the people
with a fanatic zeal which would inspire
admiration if enlisted in a useful and
noble cause. But it is a zeal born out
of non-reason, stimulated by prejudice,
and fed by passion. No wonder that
conservative interests unite to oppose
it.
I'm spite of the unsettled influence of
their doctrines, which have again and
again alarmed the forces that make for
progress. which have more than once
sent capital into hiding, crippled indus
try, and sent labor into idleness, the
evidences are everywhere that we are
in a state of progress, not decadence-
do not the most prudential consid-
erations dictate adhesion to a money
standard which has been cOntempora-
neous at this great progress, if not an
efficient factor therein?
OFFENSIVE PROPOSITION.
Second only in Importance to a sound
currency is a banking system adequate
or capable of self adjustment to the
public needs. Yet this proposition is
not less offensive to the three leaders
of the opposition, who lately coalesced
in a joint effort to unite all forces hos-i!
tile TO the present order.
Can we not learn useful lessons from
others? Is the experience of the world
to be despised? Can the stern DEGREES.
carried by the laws of our economic
life, be successfully challenged? Can
they be rescinded or repealed by the
wild impulses of the inconsiderate?
In a free social state the individual
man is clothed with the power and re-
sponsibility of self direction. His well
being depends upon his ability to com
prehend, and his willingness to obey,
the physical and moral laws with which
nature has environed him. In a gov
eminent like our own, similar power of
self-direction exists. 1t is a high privi-
lege, and carries with it great RESPONSE
bility Like the individual man, the
nations well being depends upon its
ability to discern and obey the economic
and moral laws which environ it. We
may congratulate ourselves that. in the
past wonderful history, we have so
well perceived and followed the ways
of wisdom.
May we continue to be thus guided
amid the growing complexities of the
great future"
The speech was listened to with the
closest attention and the speaker was
heartily applauded. Mr. Gage was fol-
lowed by number of local orators and
the affair wound up at about midnight
WALKERS STORE.
Millinery Opening.
Visitors TO the millinery opening, |
Monday Tuesday and Wednesday, are