The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1909-04-13
BANQUET TALK
IN UTICA
VICE PRESIDENT SHERMAN AND
SENATOR CARTER MAKE AID
TELLS Or
ADVANTAGES PARCELS POST.

UTICA. y. Y. April 12.-"Our
Country" was the subject of a stir
ring patriotic address by Vice Pres
ident sherman at the annual banquet
of the chamber of commerce in this
city. Senator Thomas Carter, OF
Montana, spoke upon the desirable
ity of postal savings banks as a
means of fostering thrift among the
masses of the people. Representa-
tive Francis w. Cushman of WASH
ington also delivered an appropriate
address.
In responding 10 the toast. Our
Country Mr.. Sherman recounted the
elements of strength possessed by
the United States both in its actual
development, its possibilities for
greater development and the moral
forms II is enabled To exert over the
destinies of the world. Recounting
the wars in which the country had
been involved, every one of which
he declared had behind il some ex-
allied moral purpose. He said the
nation had been devoting itself pref
" assiduously TO its commercial ad-
yancement.
We have but > per cent of the
population of the earth, said Mr..
sherman. Our nation possesses but
: per cent of the area of the earth.
and yet industrially We about equal
one-half of the balance of mankind.
We have twice as much life in
surance as the rest of the world and
one-half as much money on deposit in
our savings banks as all the rest of
the world. Our expenditures for ed
ncation is two-thirds as much as is
spent by all the rest of the world.
One-third of all the revenue collected
by governments is ours. while our
debt is but one-thirtieth of the debt of
the world. We have enrolled in our
schools 20,000.000 students, 1900
600 being in our public schools alone
for which We pay annually $780,
600. goo, which is more than is spent
for educational purposes by the five
greatest countries of Europe, includ-
ing Great Britain.
The advantages of postal savings
banks were told by Senator Carter In
most attractive manner \ sound
be maintained with reckless or inn
proyident people. He who spends all.
he added, and saves nothing betrays
himself and those dependent upon
him. and in the end he will cheat
somebody and blame everybody
The combined powers of the
world would perish said Mr. Car
ter. in an attempt To conquer the
American people and hold possession
of this country. Our power to re-
sist outside pressure is invincible.
Bur who can forecast the issue of
the event should a troublesome per-
eentage of the governed require an
increase of our standing army to the
relative proportion of the average
European war establishment? You.
gentlemen of affairs, are deeply con-
eerned in having prudent rather than
reckless people 10 deal with. The
government is interested in nuturing
the devotion and interest of the peo-
pie in its we'll being. and the masses
are profoundly concerned in the
growth of prudence. thriff and pa
triotism
He said Il was impossible for say
ings banks facilities to reach all the
people in rural sections. On the
other hand the government with 40
oee money order post Offices could
do this work to the great benefit of
the country at large. He showed the
extent 10 which postal savings banks
are operated abroad. He insisted
that this work should not be called
banking in its true sense so that
bankers who opposed the system
could not do so with justification.