The Detroit times., 1911-05-27
SURE
To WIN OUT SAYS
MACvEACH
Only Danger to Pact Lies In Attempts
to Amend It, Declares Secretary
of Treasury, Here to Address
Bankers Club.
LaFollette Presidential Boom Not
Taken Seriously In Washington
According to Cabinet Officer.

Franklin MacVeagh, secretary
the treasury, who Is TO be the guest
of honor at the banquet OF the Bank
ers' club, Saturday night In the Cadii-
lac, arrived In Detroit early SATURDAY
morning, and was taken In charge py
William Livingstone, president OF the
Dime Savings bank and vice-president
OF the American Bankers association.
The secretary had breakfast In the
Detroit club and received the news
paper men there afterwards.
Il suppose reciprocity Is the topic
In which you are most interested IN
Detroit" said the secretary. be-
lieve that reciprocity with Canada IL
In the line OF progress and further
believe that the treaty VIII pass the
senate. or course there Is opposition
as there always Is to any progressive
movement. but I think that reciproc-
ity Is sure to come.
THE chief danger lies in attempts TO
amend the pact. That is the line that
the most dangerous opposition will
take. II Is much easier to kill the
onss's position safe when the country
demands reciprocity and calls one to
account. You can say that you want
ed IL TO pass and were only trying 10
improve 1t. | am sorry TO see some
Of the presidents closest friends sug-
costing amendments, because II
makes il appear that the president has
changed his mind on some points.
The president, OF course, stands TOT
tie treaty without any amendment
whatsoever"
The secretary was asked about the
LaFollette boom for the presidential
nomination in 1912.
The LaFollette boom is not taken
seriously In Washington he said.
"and from what can find In my own
state, Illinois. the movement for La
Toilette has fiickered out This ID
not a I.aFollette year. II he Is ever
president II win be at some future
tiSe."
With regard to the summer capital,
Secretary MacVesgh said that wa
would have TO have good many
more presidents than we have now Ii
we were 10 supply one for all OF the
! comfortable spots that could be found
| in Michigan. He WAS enthusiastic
about the climate OF Mackinaw island
and northern Michigan, but said that
/ he could not promise the summer CAP
ital 10 this state.
| Martin W. Littleton, OF New York.
who Is also TO be the guest OF the
| Bankers club, at their banquet. did
not arrive as expected Saturday morn
ing, but will come In this evening In
time for the affair.
4 August Blum, ce-president OF the
First National bank, OF Chicago, who
will be one of the speakers at the
banquet, arrived in the city, Friday
local bankers.
Clark Williams, controller OF the
state of New York, another speaker
at the banquet reached Detroit Satur-
day morning. He Is the guest OF
First National bank.
MIR. Clark, who is president of the
Bankers club, gave luncheon in the
Country club at / o'clock, Saturday
afternoon, to the speakers for the
banquet to be held Saturday evening.
The guests were Hon. Franklin Mac
Veagh, secretary OF the treasury (;
Hon. Clark Williams, of New York,
and August Blum, vice-president OF
the First National bank, of Chicago.
The Detroit bankers present were
George II. Russell, Richard p. Joy,
Emory w. Clark, John II. Johnson,
William Livingstone. John W. Staley,
George II. Barbour, Russell A. Alger,
Philip II. Mcmillan, Charles F. Col.
Inns, Charles A. Dean, George e. Law
son, Hamilton Dey and Emory Wen
dell. After the luncheon, the party
boarded the steam yacht cara" as
the guests of A. L. Stephens and took
a run to the Flats. The acceptances
indicate that the banquet at the Cadil-
lac Saturday evening will be one OF
the largest in the history Of the Bank
ers' club.
The proverb lIp-fo-Date.