Show I gym SECY 1 GJSGFS NOTES N S OF ALARM DO NOT INTERFERE WITH HIS GOOD DIGESTION Race From the Cleveland Banquet to the One at PittsburgShafts Directed Di-rected at Silver Alliance Pittsburg March 10The annual banquet of the chamber of commerce of Pittsburg given at the Duquesne I club this evening at which Lyman J Gage secretary of the treasury of the United States was the principal guest of honor and speaker proved the most pretentious and important affair of the kind ever attempted by this organization organiza-tion Other banquets given by the chamber of commerce have been of a purely local character That of tonight was of a national character and Importance im-portance I The decorations were the finest and most artistic ever seen in the Du quesne club and the menu was elaborate elab-orate and unique The banquet began promptly at 7 oclock with 225 guests seated at three long tables extending the entire length of the banqueting hall The speakers were seated at the center of the first table facing the entrance Banker William R Thompson was the toastmaster toast-master President John Bindley of the chamber of commerce delivered the address ad-dress of welcome responding to the toast The Chamber of Commerce Duties and Responsibilities I Secretary Gage spoke of American Enterprise Some of Its Trials and Achievements Mr Gage said in part It we would promote productivity commerce and trade we should try to encourage and maintain these conditions I condi-tions favorable to the just confidence of man In man and the confidence of man in the future The producer of raw I material parts with his product in the faith that the manufacturer to whom he transfers it will In due course be not onl lywilling but will possess the I ability to pay for it Likewise the manufacturer disposes of his wares to i the wholesale merchant moved by sim I I ilar faith The wholesale merchant in I turn sells to the retailer on credit I l terms in the belief that this man the last In the order of distribution will I find his credits extended in small sums to the mechanicand laborer safe i I I and secure I DISTURBING INFLUENCES I Whatever disturbs these general I I faiths and confidences unsettles commerce I com-merce and disturbs industry Unhappily I I Unhap-pily the disturbing Influences are numerous I nu-merous and by their interposition from I time to time suffering and ruin result I I Wars the fears of wars crop failures widespread industrial revolts shocks I arising from the betrayal of great fiduciary dutiesthese are some of the I i adverse Influences But none of these nor several of them associated are as I harmful as are the doubts and fears I rich arise from the apprehension of I I I a radical change in the money standard stand-ard to which all commodities and all credits stand finally related And yet we find a great party in blind disregard of this fact placing asa as-a foundation stone to their political doctrine aproposition charged with the I most destructive consequences to our commercial and industrial life This I proposition is urged upon the people with a fanatic zeal which would inspire admiration If enlisted in a useful and noble cause But it is a zeal born out of nonreason stimulated by prejudice and fed by passion No wonder that conservative interests unite to oppose Itth In spite of the unsettled influence of r ttle j i their doctrines which have again and I again alarmed the forces that make for progress which have more than once sent capital into hiding crippled industry I indus-try and sent labor into idleness the evidences are everywhere that we are in a state of progress not decadence I Do not the most prudential considerations I consid-erations dictate adhesion to a money 1 standard which has been contemporaneous contempora-neous at this great progress if not an efficient factor therein OFFENSIVE PROPOSITION I Second only in importance to a sound currency Is a banking system adequate or capable of self adjustment to the public needs Yet this proposition is I not less offensive to the three leaders of the opposition who lately coalesced fta 1 In a joint effort to unite all forces hostile hos-tile to the present order Can we not learn useful lessons from others Is the experience of the world to be despised Can the stern decrees carried by the laws of our economic life be successfully challenged Can they be rescinded or repealed by the wild impulses of the inconsiderate In a free social state the individual man Is clothed with the power and responsibility re-sponsibility of self direction His well being depends upon his ability to comprehend com-prehend and his willingness to obey the physical and moral laws with which nature has environed him In a government gov-ernment like our own similar power of selfdirection exists It is a high privilege privi-lege and carries with it great responsibility responsi-bility Like the individual man the nations well being depends upon Its ibllity to discern and obey the economic ihd moral laws which environ it We nay congratulate ourselves that In the past wonderful history we have so well perceived and followed the ways jf wisdom May we continue to be thus guided amid the growing complexities of the great future The speech was listened to with the closest attention and the speaker was heartily applauded Mr Gage was followed owed by a number of local orators and the affair wound up at about midnight |