The Montgomery advertiser., 1903-05-13
NEGROES LEAD PARADE
Admiral BickfOrd, H. M. N.,
 Conveys Kings Good Wishes
Chief Executive Adheres to His Us- ual Custom of Shaking Hands With the Engineer and Fire
 man of His Train.

San Francisco. May 12-Heartier greet ing was never given q President od the United States than that offered today the city of San Francasco eo Theodore Roose- welt.
 Through miles and miles Of densely packed. cheering. periodically enthused the nation's chief passed. bow ing hAs acknowledgement evidently tired from maintaining an erect position in his carriage, but buoyed up by the tmpres- siveness of the demonstration. It was & magnificent ovation.
 The Presidential traAn. drawn by a decorated locomotive. arrived at Third and Townsend Streets promptly at 2:15 o'clock. A large gathering of Federal. State and city officials. army and navy offivers, foreign consuls and dtstin- guished citizens, was in waiting to well come the chief magistrate.
 Mayor Schmidt stepped aboard the rear car and formally greeted MT. Roosevelt the President making a brief response.
 M. H. DeYoung. president of the Citi- zens Reception Committee. then shook hands with the distinguished visitors and delivered a speech o6 welcome.
 A British Admiral,
 Mir. Roosevelt expressed his thanks in a few words and was then introduced to Admiral Bickford of the British Pacific squadron. who conveyed the good wishes of King Edward and said that the arrival of the flagship of the squadron to assist in the greeting was another instance of the cordial relations existing between the two nations.
 President Roosevelt sadd he appreciated the evidence of friendship and begged that his good wishes be given to his majesty.
 Before entering his carriage. Mfr Roose- welt stepped up to the engine and warmly shook hands with the engineer and fire- man of the train which had brought him from the south.
 In the parade the line was headed by a troop of colored cavalry this being the soldiers held the position of honor in a public procession. Following the Presi- dent came United States troops from the local posts. sailors and marines from warships in the habor and at Mare Island regiments of the State militia and num- ber of semi-milstary organizations.
 After reviewing the parade, the Presi- dent was driven to the Y. M. c. A. build ing where throng had assembled to pa4-ti- pate in the burning of mortgages and notes representing the total indebtedness of $115.2S0 upon the property. The Presi- dent by request touched lighted match to the documents, and z the flames licked up the papers he joined with the assem- blaze in Singing tPraise God from Whom all Blessings Flow"
 The President was banquetted tonight at the Padace Hotel by the citizens com mittee. The dining room was decorated with thousands of roses.
 prastdanf Rnnanvalt anoka iu Oarf q follows:
 Mir. Roosevelt Speaks.
 'J thank the citizens of the Golden State for their greeting. I rejoice with you on the prosperity of California and that prosperity is but part of the pros perity of the whole Union. Speaking broadly, prosperity must of necessity come to all of us or to none of us. Of course there are sporadic exceptions. in- dividual and local. But taken as a whole. it good times come they come more or less to all sections and to all classes, and if hard times come. while they may bear uneoually upon us. yet more or less they hear upon each State. upon each set of individuals. This Golden State has a fu- ture of even brighter promise than most of her older sisters, and yet the future is bright for all of us. There are immense possibilities of growth for all our States from one end of the Union to the other. Tn this growth. in keeping and increasing our prosperity. the most important factor must he the character of our citizenship. Nothing can take the place of the average quality of energy. thrift. business enter prise and amity in our community as a whole But in addition thereto we must have wise legislation and upright and honest enforcement of the laws. We have attained our present position of eco homie well being and of leadership in tho international business world under a tar if policy In which think that our peo- pie as a whole have acouiesoed as essen tially wise alike from the standpoint of the manufacturer. the merchant. the farmer and the waEe-worier. Doubtless as our needs shift 1t will be necessary to reapply in it's detail this system so as to meet these shifting needs. but 1t will cer- tainly seem from the standpoint of our business interests most unwise to abandon the general policy of the system under which our success has been so signal.
 Financial Matters.
 'Tn financial matters we are to be upon having definitely de- termined that our currency system should rest upon a gold basis: for to HOLLOW any OtAcE COuISo WVAi0 ooNS AAS6AS disaster so widespread that it would be difficult to over-estimate 1t. There is, however, unauestionably need of enact. ing further financial legislation so as to provide for greater elasticity in our cur- rency system. At present there are cer- tain seasons during which the rgtdity of our currency system causes stringency which is very unfortunate in it's effects. The last Congress in It's wisdom took up and disposed of matters of vital moment such as those dealing with the regulation and supervision of the great corporations commonly known as trusts. with secur- ing in effective fashion the abolition of rebates by transportation companies that is with securing us a fair play be- tween the big man and the little man in getting their products to market; in- itiating the national system of irrigation. So, in my judgment, the Congress that is to assemble next fall should take up and dispose of the pressing questions re- lating to banking and currency. be- lieve that such action will be taken and am sure that it ought to be taken. It is needed in the interest of the business