Los Angeles herald., 1907-10-31


as its parents.
Some interesting remarks came from
w. H. B. Kilner concerning "The Finan-
cial Situation of Today" Mr.. Kilner, all
though optimistic in his views, and speak
ing in glowing terms of the management
of the various trust companies and banks
In Los Angeles, claimed that much Of
the blame for the past weeks disturb
ance in financial circles rests with the
state of New York itself, inasmuch as
the law under which the trust companies
are operated there Is liberal to the point
of looseness, and illustrated his point with
an outline of the methods employed by
the old State Trust company before 1t
merged with the Norton Trust company.
A. L. Adams, in response to the toast
''Why the Railroads Delay the Freight"
said 1.-The main cause has been the tre-
mendous increase in westbound traffic.
together with the unusually heavy crops
in the middle west and the inability of
the railways to get additional engines. as
the locomotive manufacturers were
months behind in their orders"
market Conditions"
The subject allotted to T. s. Milburn
was watching Market Conditions" 1t
was handled in a very able manner and
the speaker called attention to the many
advantages to be derived from watching
the market closely. He was Of the opin-
ion that the present high prices in the
cotton market especially could not be
maintained much longer.
"The Efficiency of Our Employees" was
responded to by Acting Superintendent
]. T. Newkirk. He pointed out that al
though good help was difficult to obtain
he thought the rank and file Of the
Broadway was second to none.
'sWhere advertising first began am
not in position to state, and yet i am
i of the opinion that in the time of Solo
| mon it had It's effects" said Mr.. Carroll.
advertising manager In responding to
| the toast, advertising Possibilities
| "Great have been the changes and inn
provements in modern merchandising;
they have not outstripped the progress of
advertising. Today 1t is the strongest
prop-I might say the backbone-of a
progressive institution"
| He further dwelt on the great po5sibili-
ties obtained by the union Of buyer and
advertising man in the exchanging OF
ideas.
| Those present were: Arthur Let's. A..
l. L. Adams, G. E. Adams, o. Bartlett, E.
X. Beach, H. L. Brooker, j. Bernadott,
H. 8. Carroll, c. w. Courtney, p. Cow
herd, C. H. Crawford, r. L. Darrow.
H. ]. Dreisbach, P. c. Goetsch, M. D..
Hall, D. w. Johnston. w. H. B. Kilner,
VI.
lea, J. A. Milburn, ]. Michalek, r. r.
Musser, D. Massie, E. w. Metcalf, J. P.
Murphy, M. e. Norton, ]. t. Newktrk,
Stanley Norris, H. G.. R. Philip, George q.
Ruff, f. e. Strong, ]. v. Vaughn, G. r.
Went, M. H. Wilson, J. G. Wood.
Mr.. Let's, who was received with much
applause. spoke as follows:
''Mr. Toastmaster and Friends: | am
sure 1 am more than grateful for this
evidence Of your kindness and good dis
position In rendering this banquet to me,
such an unworthy person. l have not
much to say, and have no notes. 1
consider I am about S25O0 more or less In
pocket on that account. OF course l 90
not know what these other gentlemen
has paid for their notes. Oaughter.)
Judging from what have heard should
think they have paid pretty good price
to get them. They do not strike me as
home productions. tLaughter).
'sWell friends, for sick man who is
supposed to be in a sanitarium with three
nurses holding him DOWN. think 1t Is
to be three, maybe 1t Is more-I am
pretty healthy blossom, and | do not
believe there is any sanitarium In this
country that would allow me to break
into it, never felt disposed to get into
one. If have the mental disease that /
am credited with am very sorry that
the seyenty-five to eighty millions Of
American citizens haven't got the same
trouble. / do not think 1t would hurt
them any. I venture to say that If good
many of you gentlemen erestonight had
followed my footsteps you would be
weary. I have not been resting, assure
you, although apparently ! nave peen
quiet. (Applause). The speech that has
interested me considerably tonight was
that of my secretary, Mr. Kilner.
N.iI. Tkan. ThiAuAe
'fIe has sized up the financial matter
pretty clearly, excepting for this-that he
has not given the fellows the name they
are entitled to. He says Wall street
He should have said den of thieves. OF
blackguards, class Of people that do
this country and have done this country
almost to a finish as far as they have been
able Thank God, the limelight has been
turned on them (applause) and l hope
the day has come when the gambling
element Of this great and glorious coun-
try of ours will be everlastingly separated
from the Industrial interests. We live
in the greatest country on earth, In the
greatest time of prosperity this country
has ever seen. Our resources have only
been touched, just scratched over. There
is no gentleman here tonight who realizes
accurately the immense possibilities OF
this country We have immense wealth,
more wealth than we dream Of, undis-
covered. We have only about S0.0o0.0o0
population here yet. The time is coming
when we will have 800 900 million popu-
lation--yes, and more than that All this
great territory that you cover as you
come through from Chicago will be
densely populated some day. Maybe am
looking in the distance, but it is certain
ly going to be cultivated and developed
and populated. Our resources are going
to be developed more and more. We are
going to be one grand happy people in
these vast United States.
''At some time or other we are going
to separate all this gambling element