The Montgomery advertiser., 1907-07-04
LEGISLATION IS ATTACKED Commercial Clubs Score New Laws. PRESIDENT FoRBEs's ADDRESS Stste is More Prosperous Than
 Ever.
 <--- g ~tsss Of AIsbame is Threatened by ' rsnsticaI Law Making, He Says. It Drives Capital Out of
 Territory.
PREsDENT FORBES'S ADDRESS

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 Selma. July s.--Cspeciai.)--T an- n1al meeting of the State Association of CommerciaI and Industrial Clubs convened in the hall of the Young Men's Christian Association today at noon. The opening session was at tended by large number of delegates. practically every commercial organi- kation in the State being represented by one or more delegates. Besides the delegates there were present as visi- tors Congressman Wash Taylor of De- mopolis and W. l.. Henderson. South ern agent of the Land and Industrial Department of the Southern Railway Company and Mobile and Ohio Railroad and whose headquarters are in At
 President A. G. Forbes of Mont gomery Introduced Mayor V-B. Atkins Of Selma. to the delegates. Mayor At- kinz apoiogiged to the Association for being compelled to read his remarks. stating that he did not have time to memorize them. He told of the pleas- ure that 1t afforded him to welcome the Association in the behalf of the citixens of Selma.
 The address of welcome was re- aponded to by J. c. Esther of New Decatur, whose remarks were greeted with hearty outburst of applause.
 President Forbes delivered his an- .nual address. which was well received by the delegates and which showed the great fstrides which the State Associa- kion had taken during the past year. The address was in part as follows: Fanafical Legislation.
 ~Revfewing the commetcial and in- anstrial history of our State, we find that step by step our progress has been marked by most wonderful develop merf However. yet in it's infancy, and while today it can truthfully be aaid. we are more prosperous than ever before, this prosperity Is threat 8nsd by what seems to be drastic leg ialnfion amounting almost to fanatt- cism. that win inevitably rspel capital and cause it to seek other States for investment, unless there be a speedy return to that conservatism under which we have achieved such splendid success
 ssVhen we consider Alabama's possi- hiIities in the development of its min eral, agricultural and commercial growth, we should encourage and not retard the sources that enable us to en- joy present conditions. But few years ago we were struggling for the iaecessitiess of life, living, as 1t were, from hand to mouth, while today we rayel in available luxuries. enjoying the fruits of our industry and natural ad- vaYatages. hence our motto should be ssconservatism and Prosperity"
 s.No doubt your Committees an( Speakers will present for your con- aideration subjects of vital intrest tt the welfare and material advancemepl 0 four surroundings. hence it would be well to give every consideration tc whatever may be presented for wt need At this time the ablest and Wises counsel on all matters of public mo- ment-
 Helped State Development.
 ssThe politicians would have us be- lieve that we are very much Imposed upon by Loan Companies. Insurance other corporations who have to grea extent been the means through wnicf our development has been made possi ble. A popular wave adverse to thos' interests seems to dominate at this time. but feel that our people wil aoon realize 4he absurdity of tht drastic measures that have been adop' ted and which are in contemplation tho enactment of which will create Ihardships to all of our people.
 Tt ie not undue taxation of loar companies and other corporations. nol i reduction of railroad rates that ii eapttal and money at a low rate of in kerest which high taxation would make 1rnpoasihle, better and more ample railroad accommodations with increas iNd facilities and trackage that win tend to support and develop our re- ,mourecs. We should encourage and fos ter railroad extension and bettermentl ard give every inducement to capita 4hat is offered for investment. tha