Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1914-02-17

t'These amendments to which l call
your attention are of great import
ance and worthy of your serious con-
sideration and action. Their influence
and believe an influence for evil
will extend beyond your lives and the
lives of your young children. They
will mean an entering wedge to the
removal of the limitations and restric-
tions to everything some theorist,
promoter or demagogue wishes to
exploit.
"Remove these limitations and re-
strictions and you make insurance
the plaything and football of politics
and you inject into the business
world menace and an element of
uncertainty and danger more far
reaching and disturbing than bank
failures and panics.
"Remove these limitations and re-
strictions and you open the door to
every political fad thrown out for con-
sumption until we are tied, limb
and hands, and allowed to move only
as the clock will strike from legIsla-
lative hall or executive office.'"
The next speaker was Hon. w. l.
Nolan of Minneapolis. 1t is seldom
an audience is given an opportunity
to listen to one who has such a
fund of stories and one who can tell
demonstrating about all nationali-
ties,-so that they will convulse an
audience. But that Is just what Mr..
Nolan could do. AS he was on the
program to entertain he was called
upon several times, and at the close
gave an eloquent talk upon Abraham
! Lincoln. AS it was the occasion of
the birthday anniversary of that great
American, it was very appropriate.
Tine address of II. G. Flieth,
cashier of the National German Amer
lean Bank, upon the New Currency
Law" was concise statement of chat
new law. He stated that the new
currency bill was the most important
law that had been enacted in this
country for fifty years. That while
/ the bill might not do all that 1t is
said it will, it will give the banks an
avenue of relief. in times of money
stringency, and thereby afford protec-
tion from panics such as have
periodically visited this country in
the past. Mr.. Flieth gave brief
history of the currency bills of our
country and went into details OF the
| present law, explainly how it is to
be operated by federal reserve
board. which is given general and
plenary powers to regulate and super
wise the system and how the board is
brought into existence. Mr.. Flieth
gave brief and splendid outline of
the whole bill and made comparisons
as to It's workings with the old bill,
in his own bank, showing large in
crease in loanable funds alone, which
would prove great help in the busi-
ness of community. 1t was an able
address giving the whole plan in
nutshell.
| The address of G. g. Kreuger Of the
First National bank, was the last of
the local speakers. He talked upon
"The Relation of the Farmer to the
Business Man." and gave an excellent
talk, which was, in part as follows:
"The relation of these two mighty
sons of industry should never be other
than cooperative and helpful. Both
have important tasks TO perform:
each owes faithful service to his fellow
men and both are equally important
in the upbuilding Of the community.
circumstances have at times pre-
vented closer relationship between
these two brothers. This was espee-
tally true in the pioneer days, when
lack of communication and different
modes of living, and the fact that
each was obliged to hew out his own
existence independent OF the other,
brought about separation. Then
too there have been those who for
selfish reassns have sown seeds of dis
trust between them, until they grew
] msas or less Indifferent towards each
other.
aBut there has come an awakening.
This crude farmer, who began life In
the back woods, has developed into q
mighty factor In the life OF every
community. He has become Is power
(eontinped On dfth pzge)