The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-10-19
!. fRy Associated Press.l

5ffa qf- (By Associated Press.l
s.. LOUIS. October 18-The fourteenth
annual convention OF the Illinois Bankers
Association convened to-day in the Ills
snois Worlds Fair building. President
William George. ofsAurora, H.. presided.
Addresses we're made by Frank a. Van
derlip, president of the National City
Bank, of New York city, and others. .s
Mr.. syanderlip sale. In part:
at has seemed TO me specially fitting
considering our surroundings hereto at
tempt to review illustrative Of our 111 ma
Tterial progress and to try 10 draw a some e
deductions from them.
s"In order to get a setting for our COM
parsons let us for a moment glance 5pack
at conditions during the past ten years.
We Will 4 remember that we were. ten
wears ago, just emerging from the de-
preston or the panic year Of 1873, ana ana
that we were facing great politlcal
and economic conflict over the silver Is
sues, The whole world was filled with
district in regard to tho future OF ouf
standard OF value and the chilling
shadow OF that dlstrust was falling
heavily on our commerce "a nd finances
Continuing, Mr.. Fanderlip sald SAID
"Then came tho definite verdict OF INC
people, declaring for q sound currency,
and following that began AT, une IA
era Of prosperity such as no otner co ,u,I
try. In any age, has ever kno WI. W Inc ne
expansion went beyond all IN tho u :: pc
rlenccs Of mon OF affairs We had l learn Vfl'
cd lessons Of economy, Of carei VI man
agemcnt and of cheap production ny me
depression which followed he pnlncs
or 1893, and now we suddenly lWa t1es y -
the fact that We had obtained q grasp "
thc markets Of the world. Our exports
Of manufactures ran up from $ls3.oVo'VVv
10 $433 900 900 In hnlfaa dozen years, \ a'u
this Increase OF s250000,OoO In the annual
average Of our exports OF nanutacturea
products made Europe STAND az hast .
what WAS denominatedF the 1A1'.e!i, 81
commercial invasion. Our general foreign
trade balance assumed such totals as 70
cause economists seriously 70 consider
what was to happen to the rest o. tle
industrial world II this march OF pro-
gress went on III half a dozen years
We piled up against other countries q
trade balance In our favor OF inore '1'h'l
$4,000, 900 600, trade balance Tar larger
tl,nl the net trade balance had been from
the beginning OF our government doWl
to tic time when remarkable cXpa'l-
sion started 5is 55.s 4
Population Growing.
Mr.. vAnderlp now resorts to5the follow follow
Ing interesting statistics: z, ~ -
s1 Sent toa aES IL Y IS sa % and
years hence with this ratio ,of iEcrea ass;
the population Of the. Uniten STATES W. ~,
be 10000 We We. VII n,hnr the poe,,latlon
equal to onc-half OF FRANCE, Rucn gI1psWY't,
resources, makes lie sort Of material out
or which to shape an On tlrely new ieie1
Of statistics marking the ,country,s il'alpT
rial progress. - 4. i, 90 ., z.
according to The best cs,il'ales %il g,
s %s 9gSs COD na g F &c., .e ysS
moro of increase Will make the ., Wea! W
OF this country $4,000 Oo0,GO0: " iieli No W
rsmemnsr d IA 81 sps 81 toa Wil is the
accllnnlation Is seen to be at q rate al
most incredible. 5i.' IL, (. L, :,
years from sl,eo0.oo0,Wo TO more lt ! Y Y
12,5ooG0o,vo, and every dollar !. Gi ~ ~ y
sound ana every dollar or IT, ao II ~ etncii
haefS in wi, s9'd in HAT ia aneroa
u The money stock increases ny ne I'M
ten years In the same amount Wa WI WI
have $1,000, ooo,UO az clrcuation q Y n, Gnu
OF that period Incidentally, AN lnleiT :
cstns to note that national bank n o. 9
ss flo = tSs n las SsafS a ma
Increase il to 20 on, where the govern
ment bonds arc to come IRON ~ 4, tsi y,
Increase OF national bank eircula Ilol, 90, ,oi
n LA n p m, t,e