The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1906-06-21
West 1rg1nia
BANKERS Meet


Confined from Page one.9
Since the Organization Il society
there haye been money lenders and
bankers. which seems a great deal
more Bankers have always been In
dispensibIe in the transaction OF the
worlds business II is recorded far
back that there e money lenders.
and usury was forbidden. We find
in Exodus XIII: ky:
III thou lend money to any OF my
people with thee that is poor thou
shalt not be to him as a creditor,
neither shall ye lay upon him usury-"
Here usury is condemned as now.
and while there is less u now
than ever before. yet laws against
The reason for its violation is that a
man ordinarily wants all he can get
for what he owns. or for It's use The
price OF money is generally regulated
by supply and demand. and II the de-
mand for money is greater, the lend
i AK &&&cc& HS e. ~
use. This is human nature, and
throughout all the ages human nature
has been the same. Times. customs.
laws. and races change, kingdoms and
empires come and go, but under all
conditions in this fast changing world
the one change1esS thing is human ma
ture-
Money in a certain sense is con-
centrated power In a mans pocket
it is his most loyal and unfailinS
friend. The most lonesome person in
all the world is one wolkins the high
ways without a dolIor. Money is an
order on the world for what the world
produces. and in all countries and
climes his order is always IGNORED.
What %actualities there are in a large
bank account: There is hid away il
them houses and palaces, railroads.
mines. factories. and plants. churches
and libraries. indeed all the neces-
saries and Injuries OF life. which come
forth at the will of the owner Of such
balances.
Bankers deal and have to do with
money, and money being a powerful
factor in the social and business world.
makes the business OF banking,s apart
from the high character Of the men
engaged in it, not only respectable.
but honorable and influential Bank
ers have always exerted great power
and influence on the communities in
,.:A chow, 1.-Two Tp Enp1onT q nQr-
son wishing to be advised about a
business trancastion consults a solicit
tor. and then sees his bankers and
takes their advice. which is generally
more practical than that Of the So
licitor.
ninety years of age, worth more than
500. O00. 900 easily convertible into
cash, whose name is known all over
the United States, speaking to me
about the necessity of making money.
attending closely to business, losing
no time and gathering a few dollars
said: Young man. none
is never questionable" l have OBJ
served tina the remark is true.
In the beginning OF my Senatorial
career. against the advice OF older
attempted a very bold
thing for a young Senator. 1t was
first thing that I did Of import
ance. You will remember Of the scare
abou ten years aGo possessed the
about the scarcity OF god
and the selling of government n
at. private sale to secure gold l felt
the selling Of government bonds
at private sale was wrong. h a they
should be sold publicly. after inviting
bids. to the highest. bidder, and I IL
reduced a resolution in the Senate
requiring that this be done. After
extended debate the resolution was
The President invited bids
or $780, 100000 in bonds. which we're
sold at IL While the bonds sold at
sale brought only l04 z. show
that there was gold in the country
Is I claimed. and hat a better price
Gould be had at a public taan at q
sale. After the passage OF
he resolution Mr. Russell Sage tele-
sraphed me that I had saved the coun-
~ six million dollars by my resolu-
ion. AMI I have always been proud OF
hat telegram.
Although money is 4 great power
never understandable. yet We must
TOT fall into the error of thinking that
I brings happiness and every other
;ood thing in life. Far from II. A
man once said 10 his son:
John. when yau chase the dollars. all
5 right. but look out my boy when