The record-union., 1899-02-18

OF Quty Is NOT an AI1cItO<su IdDit. IL
was not the custom of the fathers. and
should not be the practice of their
sons
The applause that followed the re-
marks of the President continued for
some minutes. The members of the
joint convention were then introduced
to the President, standing in front OF
the Speakers desk.
After the members had resumed their
seats there were loud cries for Secre-
tary Long, who gave a brief and hu-
morous talk and introduced Secretary
Gage to the convention.
The party then proceeded to the AL
gonquin Clubhouse, where the CONNER
eial Cub was assembled
President Mckinley spoke as follows:
Gentlemen of the Commercial Club:
I am glad to meet the members of the
Commercial Club and the business men
of Boston. I rejoice with them upon
the better condition of trade now pre-
vailing throughout the country. The
last twelve months have marked great
changes and brought business improve
ment to industrial America The man
of affairs feels better because his af-
fairs are in a better state. He is more
comfortable than he has been for many
years. He has taken on new courage
and confidence He is satisfied with the
revenue and financial policies of mis-
country He can now make accurate
calculation on the future
'The past year has recorded volume
of business, domestic and foreign, I'M
paralleled in any former operations of
the United States. Our enormous export
trade had made American balances sat-
isfactory, and almost the first time the
money Of the country has been so
abundant and the wealth of the coun-
try so great that our capitalists have
sought foreign investments. We are fast
going from a debtor to a creditor ma
ton. 1 hope nothing will check it. We
have quit discussing the tariff, and
have turned our attention to getting
trade wherever it can be found 1t will
be a long time before any change can
be had or any change desired in the
present fiscal policy except to
strengthen it. The differences on this
question which existed have disap-
peared. We have turned from academic
theories to trade conditions, and are
seeking our share of the worlds mar
kets
MOT only is our business good, but
our money is good There is no longer
fear of debased currency; it has been
happily dispelled The highest and
best standard recognized by the leading
commercial nations has been main
tanned, and it has been done without
resort to loans. The cause of sound
money has advanced in the last two
years. Honest finance has made pos
sible gains. do not think we quite
appreciate yet the full measure of it's
success. Both branches Of Congress on
the 4th of March next will have an un-
questioned majority opposed to any de-
moralization of our currency, and COM
mitted to uphold the worlds standard.
Certainly for two years every branch
of the national Government will be
united for good currency and the in
volatility of our national obligations
and credit The investments and other
enterprises of the people cannot here
after be unsettled by sudden changes.
I'VE have been engaged in war. Two
hundred and seventy thousand Of our
citizens have been in the field. Our
sailors. have been afloat in two hemis-
pheres And yet the business of the
country has been steadily growing, our
resources multiplying, the energy of our
people quickened, and at the end of our
glorious land and naval triumphs we
find our country in "a condition of al
most unparalleled activity and prosper
ity.
Our domestic situation is fortunate,
indeed, considering the new questions
which we must meet and solve. That
they will be settled on the lines of right
and duty I cannot doubt, and that the
business men of Boston and of the
whole country will be an active and
helpful force in their rightful solution
confidently believe"
After a short reception the Presiden-
tial party was taken on a tour through
the subway and thence to the Algon-
quin Club, where a breakfast was ten
dered to the gentlemen by the members
Of the Commercial Club
At $40 the party was taken to the
South Terminal Station, and they left
for Washington on their special train
at $40.
Secretary Long did not return with
the party, preferring to go to his home
at bingham, with Mrs. Long, and start
for Washington in the morning
Hon. Ferdinand Peck, Commissioner
of the United States to the Paris Expo
sition, with his wife, accompanied the
President as far as New York.