The Birmingham age-herald., 1909-04-13
Vice President Sherman De- IiVGrS FOrcibI8 Address At
 Banquet In Utica
SENATOR CARTER TALKS OF POSTAL SAVINGS BANKS
Montana Senator Says That Bankers Who Oppose Postal Savings Banks Are Wrong Because They
 Are Not Real Banks.

Utica, N. Y, April 12.-"our Country" was the subject of a stirring patriotic address by Vice President James s. Sherman at banquet of the chamber of commerce of this city tonight
 The gathering represented the business and professional men of Utica and the reception given MT. Sherman and other speakers was extremely cordial. Senator Carter of Montana spoke upon the desir- ability of postal savings banks as a means of fostering thrift among the masses of the people.
 Representative Francis W. Cushman of Washington also delivered an address
 1n responding to the toast, "Our Coun- try Mir. Sherman recounted the eie. nents of strength possessed by the United States, both in it's actual material devel- opment, its possibilities for greater de- velopment, and the moral Iorce it is en- abed to exert ovs1 the destinies Of the world. Accounting the wars sn which tae country has been involved. evory one of which, he declared had beh;hd it some exalted moral purpose, he said the na- tion had been devoting itself assiduously to it's commercial advancement.
 Quoting some of the leaeding statistics showing the material growth of the coun- try he said the nation should have cnnfi- dence in itself as the world has conti- dence in it. The growrn Of the United States has been enormous that 1t could no longer be demonstrated by eompat- ing it's industries, wealth and rational strength with any other leading country in the world nor even with 2 group of other countries. It was necessary to compare it with the remainder of the world.
 Population and Thrift.
 We have but per cent of the popula- tion of the earth, said Mr Sherman. 'our nation possesses but per cent Of tho area of the earth, and yet indUstri- ally we equal about one-haif of the bal ance of mankind Mr. sherman 1e- counted the proportion of great staples that are raised in the United States in comparison with all other portions of the world. We have" he said, |" twice as much life insurance as the rest of thc world, and one-half as much money on deposit in cur savings banks as all Inc rest of the world Our expendit ure fo. education Is two-thirds as much us is
 
 third of all the revenue collected by gov erLn ents is ours, while or debt IS hut one-thirtieth of the debt of the world. We have enrolled in our schools here, for which We pay annually $2,00,0O0, GOO, whicn is Eiore than IS speat fer ,drta- tional purposes by the five greatest coun- tri,s of Europe, includt lg Great Brita ;1 " The country he declared. is not retro g.aiing. Ambition as well as patriots m is indigenous to our soil.
 Ambition" he added, lis inspired by opportunity. Ambition and opportunity have inspired and developed genius. Genius had produced invention. Inven- ton has enlarged opportunity and in- creased by bounds American products, American wealth and American power.
 Senator Carter Speaks.
 The advantages of postal savings banks were told by Senator Carter ina most at tractive manner. A sound business rela- ton, he said can never be maintained with reckless or improvident people. He who spends all, he added. and who saves nothing betrays himself, and is dependent upon circumstances.
 The combined powers of the world would perish.' said MT. Carter, ''in-an attempt to conquer the American people and hold possession of this country. Our power to resist outside pressure is in- vinctble. But. who can forecast the is- sue of the evet, should a troubled gov ernment require an increase of our stand ing army to the relative proportion of European military establishment. You gentlemen of affairs are deeply concerned in having prudent rather than reckless people to deal with. The government is interested in nuturing the affection, de- yotion and interest of the people in it's well- being. and the masses are profound ly concerned in the growth of prudence, thrift and patriotism"
 He said 1t was impossible for savings bank facilities to reach all the people in remote sections of the country because the initial cost of establishing business with the added cost of it's maintaininco would prohibit the venture. On the other hand. the government with 10000 money order postoffices could do this work to the great benefit of the country at large He showed the extent to which postal savings banks are operated abroad He insisted that this work could not be called banking in it's true sense, SO that gankers who opposed the system do SO without justification
 Cushman on the Canal.
 AThe Panama canal is not to be A sea level canal" said Representative Cush- man of Washington, who spoke on "A Layman's Picture of the Panama Canal. when it Is completed, any ship pass- ing through will travel about H of the $ miles upon water level s5 feet above the ocean. The ship will be raised three steps on one side by means of three locks to the S5-foot level and will then steam through the canal to the other side, and by means of three more locks will be lowered to the level of the ocean on the other side. I never felt more proud of my country then did when I saw that great work and the men who were doing It."