New-York tribune., 1911-04-20
;R{NK[RS HEAR MACVEACH
e.eretary Urges South to Break
WV from One Party Rule.
ron ITS OWN GOOD, He SAYS
Tin r. Gardin Makes Plea for
otter Banking Methods-Eu-
.,rean Systems Advantages.

I .-vnle. S. C. April 19-Secretary
s~assh of the Treasury Department
- before the South Carolina Bank
ASSOCIATION here tonight made plea
e,,. Southern states TO break from the one-
e'. r,,le and become bipartisan In their
pa.,.s for their own good He declared
:. OF fundamental importance that
osrtv governed nation should have
available parties. that the political life
w ,he people should be at its best He
sid in part
,,or, how long il has taken to amelio-
A.Se situation thrust upon the South
Is",bs errors of certain features. OF the re-
n.s,rucuon measures adopted by the
se-,S / realize, as vast mum bers OF North
He't. ta.Aople realize. the problem thrust upon
era fang with which you have wreStled for
!e. " years ] do not say that in dealing
p..b these extraordinary conditions you
W. W. IN every instance found the very best
lS,e What people dealing with vital and
NE,,av problems have i'm every instance
tonsa Ne very best way? Self-preserva-
'o.hi is q stern responsibility. 1t does not
toA - admit Of the incest determinations.
slssyvS, particular friend of the colored
And I have always wondered that
ls.' - the North should have believed that
4 tNeros good for that race TO suddenly load
~ .- s dawn in their unprepared condition
itn.m fDjl share Of the responsibility OF
wl.....-nroent. VIZ. And I have always realized
ss''ttannness Of the North in its exemp-
., m. froyn the tremendous problems OF the
uon of the South But. happily. time has
peseirIv worked the needed reparauons, and,
hSr',S ,cSoncsive II, the South has arrived. at
o. 80 al a time when II is practicable
an fsye that great necessity OF party gov
i...s.,ssni-two J. equal parties. And ! know
sIn,es,er political boon than that oppor-
20 a-i,v and privilege: and | know no great
" ~ssrrivstion that has come 10 the South
~ the reconstruction DAYS than the ne
e.N',S.v of irving 70 live under party gov
.,rrnent with only one party.
independent Voting.
,,ssnsndent voting creates two par
~ y. nd party government that is real and
..smai therefore there is no political fac
- more essential or more powerful or
u.,,-nlljng IN a free country than the fac
,or Of the independent voter. IL means the
- no, mean at all hurtful detachment
I'm I'm marty nor loss Of essential party
.ssty. ..io. os,ab,isbad e,.ar,,.
-hsre-North and South-ano everywhe,Ie &, 9
...-sIaIljng and dividing the people on the
en- lines OF thought and action. the last
s..ns viii have been added TO the immoV-
~ foundations Of our perfect union. Our
ss-.,ms ear all then come true. ana no
isi,se sacrifice Of the great and terrible
ei,si war will remain without its reward.
1ohn z. Gardln. a vice-president and
-.,aesr Of the foreign exchange depart
80, NJ The National City Bank, of New
yort spoke on Banking and Commerce.
Va made an earnest plea for better bank
,,g methods in this country and pointed
M, the advantage Of the European sys-
,sr over our own.
Z. called attention 70 the inadequacy OF
.r nrese1t banking system when IL comes
"a financing our country's exports. and
is,1 that had American bankers been
icsrsd upon. as az one time seemed PROB
lssls. % finance last years cotton crop.
.Hounting to 100000. they would have
b.n hard pressed indeed. He continued
think Ne could have done il, but II
would have been a heavy strain and would
have taxed the ingenuity or bankers ana
,ss resources of their institutions 10 the
s,-sst To large extent we have been
| ,tlgsd 70 rely upon our European frlehos
| n financing our cotton crop, "hlch ls
| rrT practicaily the only raw material that
| =. are exporting in large quantiues
viii Have 70 import Food
y, poslticn as the worlds food pre-
.ter iss beer nearly lost. owing 10 the
gbr that our population mas increased 70
Ificeh az extent that what We prOducs Is
| hi NEEDED here az home, and IL is within
,ssscn 10 expect that as the proportion OF
utan population increases We shall nave
. mrort some Of our requirements IN
. Us respect
NJ. Gardln declared that within ,he last
i.n wears the consumption Of cotton in
'ts United states had increased rs per
t.,t. ard that u this ratio was main
,snsd. Europe would have 20 rely upon
Asa and Africa for its supply of the sta
fs Such 2 condition. he said. would place
i.s United States in most favorable po-
hiior. on, g. would have 10 have better
tnkng facilities % meet the new condi-
ton successfully He declared that the
sctton goods now supplied to the world IN
ihs quality produced by American cotton
tould he Obtained o-lv from US, and that
es will in time be exporting our manu-
tsct.red goods instead of furnishing the
material . other nations for manufacture.
What viii be Of more interest TO YOU
3, the present time. however" lie added,
q the relation of the American banker 70
ne European banker in the valuable as
sssnce which the latter furnishes this