The times. [volume] (Richmond, Va.) 1890-1903, 1900-10-03
mn. NEWTON'S KIND WORDS.
Gives Richmond Pleasure TO tstcr;ain
So Eonorcd :, Body.

The address, thoush brief. was t:guesy
aa@t nuch enjoyed II WAS as follows:
Mr. President and members q: the A1neri-
caa Bankers Association:
II is q pleasing and most honorable func-
lion TO bad you welcome to cur cry, II Tie
name OF lts Banking Association.
one old enough 10 nave borne MS part il:
the nomentous days OF our Civil War
when the new birth OF this nation passed
through cGnyusiKt throcs more crucial
than III any epoch O. IT'S caecaercd i41e-ye ct
young enough 10 recall, with yiG-dness, the
heroic aad str=puols play OF :I-sl forces,
uow happily tempered by the silent, cease
less touch of ting, may but regard tbs
day as ore of the most suspicious in the
tia!eadS OF the capital of the laEe Con-
federac!.
we greet distinguished representatives
from every State Of this Union, whose
touch upon the credit pulse OF the nation
Is the gauge of its commercial end indus
trial life: whose presence indicaEes that
unity o. interest unity of purpose unity Of
allegiance, 1hicia makes the promise and
gives the fTuitioa Of that consumnatton
hoped for-'-an indissolubte union Of inde-
Structible STATES
Risen from the depths OF day of dcso-
lati9n girded afresh with new Vl9or,
iIlulnined by experience. sustained by the
bright promise OF the future, voice with
q
1nert 'Our country, whether bounded by
the ST. Johns and the Sabine, or howev-
er otherwise bounded or described, and be
the measurements more or less, still cur
country. to be cherished in all our hearts;
10 be defended by all our hands
Thus the wlirligfg of time brings IN his
rcvenges.' and we behold a most conspc-
7Ious body of men-representatives OF every
State of the Union, holding its twsnty-siHth
annual session in the capital of The Ola
Dominion: presided over by a president and
srooyed by n secretary. both ito the
manner born
LABoRs BUT BEGUN.
Potential as you have been in Erecting
the thought and the intelligence Of the
nation to sound views of finance. and in
framing and urging measures for adoption
by our national Legislature. Your labors al
but begun and strenuous effort is vet the
talis.na1l by which you may achie,'e Sue
cess.
The promise Of the Republican patty to
tfl.s country. Of such legislation Ss would
ensure to us sound currency, takes shape
after nearly four years OF weary waiting.
In the Act OF March Attn, 1900 This law, as
originally drafted in the lower House OF
Congress. carried features wise ani beneti-
cent all of which were either struck out
or 50 modified by the Senate IS 20 make
ahnrtiye The gEllole scheme Of a mere stable
currency.
w, are aware that the Honorable Sec
rotary of the Treasury has sought 10 ann
irnize the criticism levelled at this abor-
ton Of compromise, yet his warn1esf par
tisans may gather no higher assurance
from his view than the hopes that we haze
no cause for fears so long as one Iaftl2i
To gold or of his sound financial views
administers the office of the secretary OF
die Treasury.
NOT COMMITTED AS YET.
IT is an open secret that we are 40 more
committed te a gold bass 1ow tnaa eclcfs
the passage of the act; that every BOND
of the Government. save the per ceifis
Of 1895, is pa! able in coin. gold or SILVER:
that private contracts without Speciai
agreement TO pay in gold, are payable IN
silver; that our silver currency will be
Increased by some forty-ive inili.ors. and
we shall have in all. some five hundred ana
eighty millions of silver worth II per cent
!n the dollar to keep at a parity with god
and not a scintilla of authority for a gold
reserve to maintain this ilarity, as the
whole machinery of the gold reserve and
the sale of bonds IS solely applicable 20
the protection of United States notes and
Treasury notes OF 1890: that the demand
of the country for a more elastic bank cur
rcrcy is postponed for decades. and that
the United States notes are to continue
a permanent part of orr circulation.
The sole benefit we gain from ttl.s act
IS the separation of the issue and redemp-
ton department from the general Treasury
funds and the privilege to fund all bonds
except the 4 per cent. of 1928 into per
cent bond PAYABLE specifically in gold
The applause that greeted Col. Purcell
had hardly subsidized when President Wal