The Montgomery advertiser., 1905-05-27
MIR. RUTLEDGE'S ADDRESS TO
 THE BANKERS OF ALABAMA

Mobile. May 2e.--(Special) 1.-The speech of state Bank Examiner Rut- ledge before the Alabama Bankers As- sooiation this afternoon was as fol- lows:
 MT. President and Gentlemen of the Alabama BanksfT Association:
 "rhe state of Alabafna Is probably any similar spot of ground in the state aovse wpr ne than the whole State of Massachusetts. The de- posits of iron ore, in easy reach of these soppI ea s asmsds ea or mUss an % deflnite period. The timber supply of the State is of great extent and variety sRSaas. snS s Y wesSh TsSshre ss sSs lands
 ity capable of supporting four times our present population. In . addition ads to iron and timber. which alone will make Alabama pre-eminent for generations to come. the State abounds with many other valuable resources which will produce great wealth in the future
 The foregoing statements are not the red fire oratory of boom and Industrial facts which are capable of the most abundant demonstration.
 ."It will thus be seen that the hand more prodigal in the resources 1t has lavished on this favored State. The possession of these vast stores of bilities and their proper development will bring happiness and prosperity Co thousands who are to come after us.
 such "a rich inheritance cast at his feet. Counsel cos Td and Experience viii often be snppg tRe ss so develop ns sources of the State and bring them into commercial activity. In this re- hs s and Sf foa Se future. |. .a. or ,,, .u .rr.a cient @ in quantity and value to afford safe and profitable investment for vast amount of capital This being the case we cannot afford to give aid or high sounding syndicate whose cap-
 ital stock is generally composed in equal parts of wind, water and auda- of an investor will sometimes slip into the fold, but he should be given the hickory club rather than 6 seat at the
 Our resources are too commanding and attractive to be made the sport and spoil of the fraudulent schemer, and every reputable banker should dear Is a handicap to legitimate en- terprise, a black eye to the good name of the State, and virtually an assault upon the integrity OkAho Ddnhiu8 DuS-
 You cannot bottom your business principles any too firmly on the rock of conservatism and safety--and to this end the whole brood of get rich quick schemes, speculative deals and questionable methods in business should be trampled under foot. There Is no excuse for any of our people running off after false gods when a safe and sure return on their invest ments can be secured by adhering to the solid and conservative principles of banking and fostering the develop ment of our own abundant natural
 "RecentIy my attention was called to an article on Textile Manufacture
 in one of the leading encyclopedias which entered fully into the details of cotton spinning in the Lancashire dis trict of England. The statement was made that in the county of Lancashire, in which the city of Manchester Is lo- cated, there was more than $500 con- cerns engaged in the manufacture of cotton goods and that the city of Man chester shipped cotton goods In some shape, to every business community in Manchester could maintain her supre- macy in this respect was her proximity | to the coal supply of England, as the l adjacent county was the leading coal | county of England and furnished the mills of Lancashire with cheap fuel. 'Tn the light of these facts Is 1t not possible to ring the mineral district | of Alabama about with cotton mills | supplied on the one hand with cheap | fuel from our coal mines and on the
 other with the raw cotton of our ag-