The San Francisco call., 1901-10-18
RICH DESTINY
FOR THE WEST
Bankers Hear Warm
Praises Of the Pacific
Coast.

MILWAUKEE, Wis, Oct. 1.-THE clos
ing days session of the American Bank
ers' Association Convention was devoted
to a continuation of the discussion on
practical banking questions. P. G. kauff-
man of Tacoma, Wash, spoke on 'The
Financial and Commercial Future Of the
Pacific Coast He said:
1t is admitted by all who give the subject the
slightest investigation that in the struggle for
commercial supremacy the United States, by
reason of her great resources. the fertility OF
her SOIL and the vast extent of her territory is
destined take pre-eminent place
The twentieth century opens for the United
States with its Industrial machinery adjusted
to the production of wealth on a scale of un-
preeedented magnitude. The nations of Europe
and the world at large are constantly becoming
for raw material but also for manufactured
products, and it may be confidently asserted
that because of our central position between
the Atlantic and Pacific seaboards, because of
our excellent transportation facilities, our va
ried and inexhaustible resources and the stead
lily increasing dependence OF the world upon US
for the necessities and even many of the lux
uries of life the United States is destined to be
merciai age, the twentieth Century. Our great
transcontinental railroads fully awake to
the situation end are enlarging their facilities
to handle the great commerce of the future in
the construction of immense warehouses and
docks and the establishment of great steamship
lines, operated in close connection and under
their direct supervision.
To obtain this pre-e eminence the United States
must enter tnlS Held OF commercial activity
through her Pacific coast. With Hawaii the
key to the commerce of the Pacific and the
Philippines the gateway to the Orient, both
in our hands, fate or a kind providence has
given us two most important and valuable
aids for the attainment of this glorious goal.
The question of the wisdom of the policy
of expansion has been settled forever 1t is
no longer even a debatable one. Our flag has
been raised in the Philippines and, thank God,
1t is there to stay. 1t takes prophet to
state that if the people of the United States
will but awaken to full realization of the
,da1rr Of thafr and fba Of
their opportunities they will settle down to
development of the commerce of the Orient
that will many years re-establish our mer-
chant marine, cover the Pacific with our white
winged birds of commerce. establish the
Pacific Coast commercial emporiums that will
rival any in the world and pour into our
treasures the riches of Golconda.
The list of officers reported by the
nominations committee was elected as fol-
lows:
President. Myron T. Herrick Cleveland.
Va; chairman of executive council, Frank G.
Bigelow, Milwaukee; treasurer George NJ.
Reynolds, Chicago; new members executive
council-Ralph Van Vechten. Iowa; ]. ]. Suln-
van. Ohio: John L. Hamilton. Illinois: James
B. McCallister, Pennsylvania; Frank G. Bige-
low, Wisconsin,; E. F. Sweeney, Missouri; F.
H. Fries, North Carolina J. NJ. Donald New
York; P. c.. Kaufman, Washington; w. G.
Mather Cleveland, Ohio
The new executive council will elect the
secretary, probably James r. Branch.
President Trowbridge, on retiring, was
presented with a beautiful silver punch
bowl by the members of the association.
]. S. Davis of Georgia introduced the
following resolution, which was referred
to the executive council:
Whereas. The bankrupt act has had time to