The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1907-01-23

which was worthy of such an inheri-
lance 1t would be pity if we could
dream no other dream than the sordid
dream of wealth. What can we do
better than to live up to the full meas
ure of the opportunities we have?"
"The Public Good"
Dr. NJ Pietrzycki, president of the
Dayton Commercial club spoke on the
toast, 1.-The Public Good
This is the best gathering l have
ever seen and hope it is only the be-
ginning" he said
Commercial clubs are best fitted for
building up the country because they
take positions not for any class but
for all the people. The improvement
of Snake and Columbia rivers is the
most important thing for this country.
Delay in the work at Cello may be
for the good of some interests but it
is not for the public good
National Currency.
Another subject also of great gen.
eral Importance to which 1 want to
rency.-As we all know. the principle
volume of the currency of this cOun-
try consists of that issued through the
medium of our national banks, and
based upon the security of our nation
al bonds. The volume claimed to be
| at
for the needs of the business of the
country and we have considerable
agitation for additional issues in Or
der to increase the elasticity and VOL
ume A recently held bankers assO-
citation proposed as a remedy the con-
ditional and additional issue of cur
rency to national banks, on other Sc
curities than the natiOnatl bonds, and
such or similar scheme was also pro-
posed by the former secretary of the
| treasury and there is some reasonable
danger if not probability, that a meas
ure in accordance with these propo-
! sitiOns might be by our congress enac-
ted into law. l will not go into the
| details of the proposition, as the time
will not permit, but will ask you to
consider this question: Would not the
| bonds of our states. and municipal
corporations, within certain limits and
under certain rules be rightfully con-
sidered by any impartial judge to be
fully as good. nay I will say better
security. than any that can be pro
posed, Outsode of our national bonds?
| And if this is the case, the question
arises. when considered from the
standpoint of public good. have
given this matter some study and at
tention. and have prepared a plan,
which plan, while being constructed
from the standpoint of public good
believe to be superior to our present
and proposed system. and to be prac-
| teal and absolutely safe. / have some
copies of pamphlet describing the
plan, and if any of you gentlemen is
interested in the subject, and wish it,
1 will be pleased to furnish you.
1T is desirable that commercial
clubs interest themselves in all mat
tiers of this kind and that they all
be considered from the standpoint of
the public good"
Something About "Jute."
"Jute'' was the subject of a talk
by Will A. Peterson of Athena. He
spoke about hearing of Walla Walla
20 years ago when studying geogra
| ply in the east that it was the largest
city in Washington. How he had
come here five years ago and nearly
got lost in the mud.
Il have never seen such magnificent
growth in any place as Walla Walla
has made in the past five years; dou-
bled its population, paved streets, have
| finest public schools of any city of its
size in the United States.
| Mr.. Peterson presented the ques-
ton of removing duty on jute making
forceful argument on the resolutions
which he presented.
The New Railroads.
| This is the best money Walla
Walla ever spent" said Hon. j. H.
Morrow in opening his toast on IN
ternational Lines
Il congratulate the Commercial club
of Walla Walla on this sumptuous
banquet and entertainment. Its influ-
| ence will be felt for years to come
Mr. Morrow spoke of the company
organized to build an electric line from
Lewiston to Wallula and created
burst of enthusiasm when he assured
his hearers that there was every as
surance that cars would be seen on
this road soon.
eff the strong brainy men of this
country whom / see before me say
that this proposition is to go it will
CO. said the speaker. There has not
been the enthusiasm back of it quite
that there ought to be.
lone of the peculiar things of this
age is that the dreams today become
the realities of tomorrow. 1t is dan
gerous to set limit to the achieve
ments of modern science. Electric
railroads are a striking example OF
this"