The Detroit times., 1914-12-04

years. IL VIII take all or tYe years
or perhaps 10 TO bring about a reor
ganization OF the government and the
perfecting OF plan by which as
nearly as practicable the finances Of
the government can be conducted and
managed In an economical manner ap
proximating the way in which the
great industries OF this country are
managed in the interest of theiI
stockholders
Mr., Taft discussed the pork bar
rel" evil very frankly.
The Republicans are just as much
In favor OF the old flag and an appro
priation as are the Democrats he
said. THE theory or our government
and of the state governments Is that
/ there are many things that the gov
eminent can properly do that 20 OF
80 or 40 years ago II was thought
wasteful for the government TO at
tempt The expenses OF both the fed
eral and the state governments have
enormously increased. We have had
very large taxable resources. They
are so great in both state and nation
as to make t'l1 mouth of a European
chancellor of the exchequer water
But taxation is growing so heavy now
that II has become a serious interior
ence with business prosperity we
are forced into greater economy III
our governmental expenses, especially
ii we are going TO enlarge government
tai functions on the plans OF many
reformers. We must make the meth
DDS of governmental business approx
innate those of private persons or else
we shall go into governmental bank
Iruptcy.
1--WE have acted like children. we
have had so much money available
through taxation that We have moi
been Obliged to consult the revenue
side OF the ledger. Now we are com
ing TO the point where we must, anc
| In view of that necessity we must pur
sue the policy that all other govern
ments have found absolutely neces
sary In order TO keep out or bank
ruptcy."
Nearly 400 members and guests Of
the Bankers club, attended the ban
quet, which was the most successful
ever given by that body.
Officers were elected for the ensu
ing year as follows julius Haas
president OF the Wayne County q
Home Savings bank, president; VIII
liam p. Holiday, president OF the
Central Savings bank, vice-president;
John W. Staley, vice-president or the
First and Old Detroit National bank
secretary and treasurer. The new
members of the executive committee
are Charles c. jerks, president OF the
Security Trust Co.. and William j.
Gray, vice-president OF the First and
Old Detroit National bank. They to
gether with the officers of the club
constitute the executive committee.
New members received into the
club are: Henry b. Joy, director Fed
eral Reserve bank OF Chicago; |. Is
Auten, president Cass City bank, Cass
City, Mich; +. G. Steopel director
First and Old Detroit National bank
Detroit Stephen Y. Seyburn and +
III. Croul, directors Wayne County
and Home Savings bank. Detroit
John +. Dodge, director National Bank
OF Commerce, Detroit; Harry A. Co
nant, director Union Trust Co., De
troit; +. V. Illsey, manager Standard
Bank OF Canada Windsor, Ont; Be
thune Duffield, director Dime Saw
ings bank, Detroit; Gordon Fearnley
assistant cashier American State
bank, Detroit Emil Jacob, auditor
German American bank. Detroit;
John Koch and Herman j. Koch, as
sistant cashiers German-American
bank, Detroit; Clarence A. Pfeffer
director American State bank, Detroit
| Coleman c. Vaughan, vice-presiden
st. Johns National bank. st. Johns
Mich. Edward Yentsch, cashier Ger
man-American bank. Detroit, and
Emil Stroh, Director Eugene w
Lewis, director; John p. Hemmeter
vice-president; Luman w. Good
enough director; David Gray vice
| president; John Endicott, director; Fl
f. Dodge, director; Ray f. Danaher
director; Hugh Chalmers, director
| w. o. Briggs, director: E. A. Turn
bull, director, all of Merchants Ma
| tional bank, Detroit.