Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1907-11-15

New York. Nov Infringing mes
sage Of corgratula tons and good VII!
IRON Prudent Roosevelt. George =.
Curtelvoti, secretary OF the treasury.
was the principal speaker at reception
given today by the Merchants ASsocla-
ton Of New York at its rooms on La
favette street in celebration Of its 10th
anniversary. Clarence Whitman. presi-
dent of the association since 1893, pre-
sided and introduced Secretary Cortel-
ven who SAID:
AZ native of New York il is pccui-
iaIly gratifying to me 70 have this 0n-
uortInity Of meeting such a represent
alive body of its business mc-rcpr"-
sentative not ONLY of its romHerclal
and industrial interests. but of IN ASSOC
citation tina; was organized as your
notifications state. TO foster its trace
and welfare"
At the outset LEI me say that ! am
commissioned to deliver I" You II mes
sag. of hearty congratulations ana
best wishes coupled with Il renewed
ase,lr nee Of appreciation Of your co.
operation in MANY matters Of pubic
moment That message is from the
President Of the United States.
II is not my I,urprs" - max" an "x-
tended address,; in fact j shall take
but :. few moments of your tlin". ana
What | shall say is suggested by the
character Of this gathering and the
events Of the past few weeks.
congratulate You most heartily
upon all that this occasion signifies.
When your association was organized
in June. 1891, effected largely. as |
understand. through the initiative and
business sagacity of Mr.. William +.
King. who was for years your presi-
dent. a marked revival in business fol-
lowing a considerable period of stagna-
ton suggested for it Il field of great
usefulness. The we'll known mer-
chants, manufacturers and others who
Joined with him have in the asSocia-
lions present prosperity splendid
tribute to their foresight and public
spirit and aided by their successors
they have shown what can be accom-
pliShed by Intelligent. organized eff
fort.
Your invitation to participate in these
exercises of your tenth anniversary
was accepted some weeks ago. Much
has happened since that time. We
havn learned some things by expert
cncr. recently by a very trying expert
enc" for many of you. but one from
which ! hope you are even now recov-
ernE. Experience is of value to Us on
" as we profit bv it. Let us hope then
that in what we have just been through
We have all had that kind of experi-
cree. Among other things we have
learned what il means Ia stand steady
in trrcs Of storm and stress. We have
learned. too. moro fully, perhaps, than
heretofore, the value of credit in the
busint 81 world and hav" had brought
home to us anew til" 'act that i, is Il
most delicate part of i most delicate
mechanism. W. have learned where
weak places We're, where improper
practices obtained. We have learned
again the valu" of cooperation.
In some directions what was weak
has been strengthened and what is al
important. if any man has been guilty
Of u violation of trust that makes him
anl"nable To the law We may feel con-
fid"nt that its Processes in order, man.
ner and regardless of :. sensational in
element for or against him will be
evoked in the interest of the public.
The financial institutions of this
great city have had during the paSt
three weeks one of the Severest test,
they have ever undergone and when
tn" popl of the country realize as
those of us who are familiar with the
conditions realize. what they have
con" tn stay panic and establish con-
hdence. the measure of public approvaI
of their services will be large indeed
''tntr great commercial and industrial
''nterS have co-operated and back OF
'h"m all has stood the government "a
representing all the people. seeking
l" alu only legitimate interests and to
render assistance to every state and
every section
Now that the financial storm appears
l" ne SuhSldlng we should turn our at
'h'i"n more ard more to the relief of
IN" country at large. In the South and
west. and on the Pacific Coast. and
III other sections there are heavy de-
handS Gron all available funds. for thc
movement OF crops. Tor the continuance
"l "lh'r mercantile undertakings and.
what we must not for moment for
get. for the employment of Labor
one oi the most gratifying incidents
W our recent trouble has been the
prompt and patriotic response of MAN..
III our great labor organizations To tho
appeal OF employers for their ,nonor
''l"h. This corporation. in most cases
initiated by them. should be available
"i everywhere by employers and shoul5
w generously recognized rs a distinct