Show J The Merchants feet BOSTOS December 29At the Boston Merchants Association banquet tonight to-night a letter ot regret from John Sherman Sher-man was received It contained suggestions sug-gestions upon the national banking system and stated that the remedy had been recommended by both Messrs Knox and Cannon and was substantially substanti-ally endorsed by the present Comptroller Comptrol-ler but Congress had neglected it Senator Morgan Alabama delivered an eloquent address upon the question half we continue the national bank system or repeal it He BAld our duty i appeared clear to preserve our banking i system Whether the proportion of paper pa-per money to be issued through them is to be creator or less than now should be left to the fest of experience Senator Hale Maine dwelt briefly upon the national security and defence i and exclaimed that our seaports are today to-day as defenceless as when the plunderers plun-derers of the sixteenth century were let loose upon the shores Senator James B Eustis Louisiana was greeted with cheers lie said The trouble of the Situation is that the power of taxation has been used to nrotect private interests I understand your sensitiveness Yon > hare gained i great wealth and the system by which you have gained it must be artificial otherwise taxation must continue I am Jn favor of a revisSonx the tariff and believe you are making a mistake in opposing It r H l |