The Mena weekly star., 1907-11-21
'P()KE ID BUSINESS MIN
ecretary CoTtelyou Addresses New York Merchants Association
 on Financial Topics.
:ssOHs LEARNED IN RECENT FURRY
he Secretary Declared That Credit in the Business World Is the Most pcIecste Part of Most Delicate Mechanisn,-Present Problems Will Take Time to Adjust.

pcIecste Part of a Most Delicate
 Mechanisn--Present Problems VII
 Take Time to Adjust.
 New York, Nov 15.--The Mer' hants' assocration of this city cele-
 rated the tenth anniversary of its rganization Thursday. Secretary of be Treasury George B. Cortelyou yas the principal speaker and bore a message of good wishes and congratu- ations from President Roosevelt to he members. MT. Cortelyou's ad- lress was in part as follows:
 I am commissioned to deliver you
 message of hearty congratulations and best wishes, coupled with Q re- aewed assurance of appreciation of Four cooperation in many matters if public moment. That message is rom the president of the United States.
 We have learned some things. re- gently, by very trying experience tor many of you, but one from which H hope you ara even now rapidly re- covering. Among other things, we have learned what it means to stand steady in times of storm and stress. We have learned too, more fully. ..per- haps. than heretofore, the value or credit in the business world, and have had brought home to us anew the fact that it is a most delicate part of a most delicate mechanism. We have learned where weak places were, where improper practices ob- tained. We have learned again the value of cooperation.
 In some directions what was weak has been strengthened, and what is all-important, If any man has been guilty of violation of trust that makes him amenable to the law, we may feel confident that It's processes, in orderly manner and regardless of sensational indictment, for or against him will be evoked in the interest of < the public.
 Now the financial storm appears to be subsiding we should turn our attention more and more to the re lief of the country at large. One of the most gratifying incidents of our recent trouble has been the prompt and patriotic response of many of our great labor organizations to the appeal of employers for their cooper .ations
 It is time when every citizen should assume his share of the bur. den. The hoarded money should be put back in the banks and the exac- tions of bankers and merchants should be proportioned only to actual business necessities. To do other wise is not only unpatriotic but un' wise. believe that If this money oi the country, wherever boarded were put back to fullfill its function in the channels of trade, there would be in 24 hours an almost complete resump ton of business operations. The var ious plans advocated for currency re form must be subjected to rigid scru- tiny to the end that the citizens of every section shall be fairly treated their needs and requirements con suited. and. above all, that whatever action is finally taken, it win be so sound and wholesome as to enhance our commercial standing among the nations of the world.
 As a people we have this and many more grave problems before us. Their solution will not be thing of g month or year. We must approach them with the determination to ex ercise dispassionate judgment and to seek. as our ultimate aim, justice as between man and man.
 We must not allow any temporary setback to stay our progress of pros perity. We may we'll say as we arc recovering from this one. what g great president of the past has said.
 "Resusitation will not be promo ted by recrimination. The distrusi of the present will not be relieved by distrust of the future. A patrio makes better citizen than a pessi mist. The country is not going back ward but forward. American energ, has not been destroyed by the storms of the past. It will yet triumph through wise and beneficient legis lation."
 We will. recall too. this wise coun sel from his successor. whose mess age of congratulation and good vii delivered to you but few moments ago:
 'sIet us go on with the work of th' material upbuilding of this country and at the same time remember that vital though it is to nave good foun dation of material we'll being. yet 1t i only the foundation. and upon It mus be built the superstructure of tn moral and spiritual higher life of tn nation"