Webster Farmers' Club

The last meeting was held at the residence ofWm. Scadin, Saturday, June 13. A goodly number attended, not only 'rom Webster but from other places as well. Dinner was served at noon. At ne o'clock, or thereabouts, President Olsaver called the meeting to order in he open air, under the shade of trees?he male quartette rendered music, af;er which Eev. Scott Williams offered rayer. Business, reoitation by Miss Alice Ball, and music by the quartette, ed to the important feature of the meeting, a paper on "Banking and Handling Money," by Robert Gibbons, of Detroit, editor of the Michigan iriner. He did not wish to touch on ree roinage of silver or kindred subeets, but held more elosely to the bank,ng systeni. Money, he said, is siniply labor performed or labor in a portuiúe 'orm, and is produceil by three essenals, labor, economy aud self-denial. Tiie depoaiiors are beneüted much, as hIso are the bauks, but not these alone, :or great enterprises are many times conducted by borro wed capital, and thus the country at large is benefited. Banks are a necessity to trade and commerce. ïo sustain theui integrity and good character are necessary. National bauks wei e organized to hold up the governinent. Some statistics were used to show thatthey made nothing out of the goyernment. Bankers are not, and cannot be, generous, but are strict and exaeting to all alike. The editor then spoke of the savings banks, and showed that the patrons, who are mostly manual laborers, helped to keep up the circulation and form new enterprises. Hoarding is evil. Stagnation of money is death. He then showed, just as the rivulets join larger streams of water and they in turn join to form vast rivers that turn vast water wheels and empty into seas and oceans, thussailing niighty ships from continent to continent, so do the small deposita of the laboring mau find way into channela of good, and produce the great ailluence that carries on uaighty enterprise.s and keep.s the wheels ot commeice turning. After the male quartette rendered music, quite a warm üiscuasion was brougut out, which was not uonfiued to the pa. .er, but brought out the opinions of different ones on the justice ot the present systems. Mr. Gibbon.--, whon called upon.described bricily the clearing house of Detroit. Mr. Nordman thought rates of interest too high and money too scarce. Mr. Ötarks spoke about private bunks. If these were swept from the community, said he, plucea that are now ruined would be ')iosperous. There ought to be a system ot commercial integrity established. Rev. Mr. Morris, of Dexter, brought out the thought that money is a symbol of work, and protested against its indiscriminate waste, in great dinners, resorts and costly furniture. He referred to the able contribution by Mr. Andrew CarnejUe in the June number of the North American Review. Rev. Mr. McMahon, also of Dexter, said that although much money was spent in various ways, yet, the monoy was not wi-lteit, for it found its way to the lionie of the laboring man, the mechanic or the painter, and gave them their living. Xhus he defended a liraited amount of luxury. Othurs joined in the discussion, at'ter which Mr. John Williamsang "Fürty Years Ago." AdjourniiKiit followed. The next meeting will b held in August, at Mr. E. Bali's.