The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1903-09-14
bEVERIDGE USED AS A
MOUTHP|ECE,
Fresh from Oyster Bay, Beveridge
Informs Indiana Banks Just
What Roosevelt Proposes
That Congress Shall Do
as to Finance.

South Bend. Ind. September lo.-The
seventh annual convention OF Indiana
bankers was addressed today by United
States Senator Beverage. Senator Bev-
eridge has but recently returned from
q visit with the president at oyster Bay
and his positive assertions with regard
TO the action Of the coming session of
congress were thus given weight
Senator Beverage said:
The coming session Of congress Will
not enact anr radical or sweeping Imam
cial legislation. Except in greet emer-
gcnces. moderation IS the word in all
financial legislation. The STABILITY Of
financial legislation even though imper-
feet is more desirable than sudden aud
comprehensive changes even though those
changes are toward greater perfection.
Some moderate financial legislation which
will relieve the periodically recurring
money Stringency in the money center is
probably desired and may be enacted.
bat such legislation. II enacted, will be
simple.
great financial question and always must
be Credit is only another name for
confidence. Confidence IS preserved by
reasonably permanent adjustment OF bus
mess to any given lines OF financial and
commercial policy more than by all otner
things put together.
Il do not mean that there should not
be gradual changes IN all of our laws
rs those laws here ana there become out
of date. But / do mean that 1t is better
for business to steadily adhere TO some
settIed line of policy than to suddenly
snd radically change it. our whole
financial and industrial legislation should
be steady and not spasmodic.
Bankers Should Quit Fighting.
within banking circles themselves all
contentious should cease. There is no
natural antagonism between eastern and
western bankers. Naturally their inter
ests are the same, Bankers east and
west are the financial servants of sin
gle people under Il single flag. ii west
ern bankers when they do not need their
money make loans 10 the customers OF
New York bankers. for example, as IS
universally done, and when they need
their money again take II away and re-
n1ljre the entire financial necessities OF
business in the east to be cared for by
eastern bankers whose territory they
have invaded. western bankers should not
object to q measure which VIII relieve
tn local eastern stringencY which the
western bankers themselves have caused
On the contrary. the eastern bankers
should not invade the territory OF westei n
bankers when eastern money is plen-
--ss,-'O and thus invite reprisals in their
n, 7eld bv the western bankers There
sholIrd he mutual consideration. each sec
tion taking care of the financial necessi-
ties of its own people, a long as 1t has
the money to do so and relieving the
necessities of another section only when
thev are not able to take care of them
selves
.T1pon the shoulders Of the bankers Of
the country more than upon any one set
OF business men depends the continuanc"
of our present prosperity And if with
out reason the bankers indulge in
vague apprehensions they VIII them
selves bring about the very thing which
they fear. If the bankers begin to exer-
else cowardice instead of prudence; If