The Montgomery advertiser., 1908-05-17
STATE BANKERS FAVOR : THE vREELAND BILL
W. P. G. Harding is the New A President.
Tke spIeadsa Program at Jackson's Lake Was Interrupted Long ! EnousA to Serve One of the
 Famous Barbecue
 Dinners.

With a deiigftful barbecue at Jack sor,,s Lake. the convention of the Ala bana Banlsrs, Association. which was in session In Montgomery Friday and S,turday was brought to 2 most happy and successful close At o.clock yes Eankers to the Lake began. and when the progrhm for the final day. of the session was opened at 10 o'clock prac- Convention was assembled upon the grounds The feature of me gay proceedines was the address of Hon. William B. Ridgely sT-Compllr1iieI @ @s,atlnn nd o5 Rey,ysI s @ of Buslness." enjoyable ad- dresses being also delivered by Hon. WalteT D Seed and Sol Wexler. Ofn- sFtsr 1he conlpietion of the formal pro gram sas follows: President, " G. Hk.dtng of Birmingham: Vice Vice. Presit- dent. H l. McElderry od or Ta,lsaegaa HsetaTaav rorninE, President Buck opened the final session of this years convention with the announeement tnat Hon. dress, Mir. Seed stated that he had lost ifE mznuscript, but that in the ab- sence of this aid he would do his best h: handling tlie snossct assignea @ nm. hs gan speech that kept his audience In aFl uproar of laughter throughout the period thaR he occupied the. floor. Re- 
 lis theme. he concisely and completely sanalyzed the State deposttary system 0f Alabama, and presented very
 ass s SSeosRss Rss oa anasr s lfss'f
 fn the midst of an awful disturbance. cfsated by q freight . trai1 ss q, upon the Mr Rtdgely was called upon by the Presideslf, after a very complimentary lnfroduefion to address the assembly 1Ra sSs sf AS ssSa is Sas ei1 pos- s plhle almost. in the din prevailing, to make one's self heard. Mir. Ridgely was compelled for few moments to lay aaIde his topic. but aYailed htmsslf of the tntervafs between successive toots h9 tft waiting engine to narrate se-. rec G ArnuslnE stories that greatly cana6 f2 flces peffpitted. he began deiiy- ertnB his address. speaklng forceful1y ink the effects of poor banking man. agerlent, stating that the failure Of banks under the: conditions that pre- vailed during. the financial furry ex- necessary. He devoted particular att tentfon to a consideration of the vree- land bill now under consideration, wa@ The best ever presented for the alleviaRion of the financial troubles of the day, though far from ideal in its proyisicns The speatkeI 5snt was @ emphatic iegislation would lead merely to an aEerayation of the existing evil con dltions pertainihg to the present bank ercise of conssrvatism and business
 Address of William B. RidseIy. ss < Tse worst remedy for frenzied finance ia frsnzied iegislation. for the medicine is worse than the disease. It produces no cure. but only makes the condition of tla6 patient worse. It gives two naaladies far the system to throw of. instead of one, and thus delays the re- suits of the natural forces of recuper- ation. We have had too much of bad finance, and too much of bad legisla- tfon. What we want most now Is long neriod of rest from both. Let us give the patient good, wholesome. san nature Have a chance. with no more worry 0r physic. The fever is over the crieis IS past; the patient is fully convalSscent, and 1t Is only question of time and patience, with proper snr- roundIngs and good nourishment to bring about a complete recovery. We havs had a most severe spell of snan- cia1 illness and If we try to do too much we shall have relapse which will greatly postpone our ultimate re- cevery. am not one of those who believe that our condition Is greatly due to either legislation or the lack of it. certainly do not believe that We need look to Legislation for a cure. We must rather look to nature and our natural resources. It Is the planter and farmer, the miner and manufactur- ar, not the legislator and the lawyer. the hnancier and the politician who must do the work and produce the wealth which shall again restore our business to a firm basis of enduring and permanent prosperity.
 For ten. or twelve years not only the people of the United States but of the w05seIe world have been passing through sm I era of unprecedented activity in business of all kinds While perhaps fhA United States has led in this ac- t5vt4v if has been by no means con lined to the United States: but the peo- pie of all other eonlmerelal countries sonate scale. just what we were do- iifg here The whole world had over SsnJtaifzAd it's anticipation of the fu- SSira' There never can he but one re- suit of such a course as this. It pro eeeda until 1t is stopped by its own weirht: until the liquid capital and credit which can be based on 1t are so