The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1909-04-16
SHERMAN PICTURES
IN GLOWING TERMS
AMERICAN RESOURCES
WcE-PREsIDENT DELIVERS AO-
DRESS ON SUBJECT ~oUR
COUNTRY"
THE PART PLAlED IN WORLD GAME
Collects one-ThEd The Taxes, Sup
ports 100000 Students. While
Owes Only one-Thlrtieth Of The
Debt.

UTICA \. Y. April 1s-~Our
country was the subject ofa stirring
patriotic address by Vice President
James 5 sherman at the annual BAN
quet Of the Chamber Of Commerce in
this city. The gathering represented
the business and professional men Of
Utica. and the reception given to Mr..
sherman and other speakers was ex-
tremely cordial.
In responding to the toast, Our
Country" Mr.. Sherman recounted the
elements of strength possessed by the
United States, both in its actual mate
rial development, its possibilities for
greater development and the moral
force it Is enabled to exert over the
destinies of the world, Recruiting
the wars in which the country had
been involved. every one OF which,
he declared. had behind it some ex-
allied moral purpose, he SAID the Ma
ton had been devoting itself assid-
uously to its commercial advancement.
Quoting some Of the leading statis-
tics showing the material growth Of
the country. he said the Nation should
have confidence in itself, as the world
has confidence in 1t. The growth or
the United States has been so enor-
nous that it could no longer be demon
strated by comparing its industries,
wealth and National strength with any
other leading country in the world,
nor even with a group OF other coun-
tries. 1t was necessary to compare
it with the remainder of the world.
We have but per cent of the pop
ulation of the earth" said Mr.. Sher-
man. Our nation possesses but Z
per cent of the area of the earth, and
vet industrially we about equal to one
half of the balance of mankind"
Mr.. Sherman recounted the proper
ton of the great staples that are
raised in the United States in COM
harrison with all other portions of the
world. I'VE have" he said, twice as
much life insurance 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 expendi-
ture for education 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 all the world. We have
enrolled in our school 100000 stu
dents 100000 being In our public
schools alone for which we pay an
nually s2OO,OOO.OOO, which is more
than is spent for educational purposes
by the FIVE greatest countries of Eu-
rope, including Great Britain"
The country, he declared, is not re-
trograding. Ambition as well as pa
triotism is Indigenous to our soil.
Ambition" he added. lis inspired by
opportunity. Ambition and opportuni-
ty have inspired and developed genius.
Genius has produced invention. In
vention has enlarged opportunity and
increased by bounds American produc-
tions. American wealth and American
power"
Carter Talks.
The advantages of postal savings
banks were told by Senator Carter In
most attractive way A sound bus
mess relation, he said, can never be
maintained with reckless or IMPROVE
dent people He who spends all, ne
added, and saves nothing, betrays
himself and those dependent upon him
from the beginning, and in the end he
will cheat somebody and blame every
body
He said it was impossible for saw
ings bank facilities to reach all the
people In remote sections of the coun-
try because the initial cost of estab-
fishing a business with the added
cost of its maintenance would prohibit
the venture. On the other hand. the
Government with 10000 money order
postotfices 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
he called banking in its true sense,
so that bankers who opposed the sys-
tenn do so without justification.
.. e,,ah,,,,, 90 Washing