The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-10-14
THE BOARD OF TRADE DINNER.

Some fifty gentlemen down last night to the in
augural dinner OF the New York Board of Trade
which laid at Delmonico's. The dining hall was
tastcfuy decorated with bunting and the bill OF fare
was rich and varied. Among those present
were George opdyko, General B. f. Butler,
Peter Cooper, Yashido Kyouar, the Jap
Ambassador; Postmaster James, Collector
Arthur, Judge Davies, Hon Salem H. Wales, Hon
Erastus Brooks, Hon william orion, Wallace p.
Groom, John F. Henry, J. W. simonton, syney Myers,
of Chicago; James Buchanan, OF Indianapolis; F. b.
Thurber and George W. Blunt After the vands had
been discussed Mr. George opdyke inauguraed the in
teectua portion OF the entertainment by addressing
the assemblage upon trade and commerce This de-
partment OF industry, he said, had played the
most important part In civilization-n bringing the
world from barbarsm TO its present enlightened con-
diton He alluded the injustice Of New York city
being obliged TO bear half OF the entire taxation Of
the State.
THE FIRST TOAST
"The President OF the United States" drunk
standing In the absence Of Governor Tiden who had
been expected to reply to tho second toast 1.-THE EN-
pire State" Hon. B. f. Butler called upon. He
responded in characteristic speech He called the
attention Of the Board TO tho Warehouse bill which
he thought should DO repealed. as il permitted
foreign merchants to send their goods thither
ings, where they carefully watched
without any expense and without paying the govern
ment the duty upon them until the market favor
able, when the owner could by cable direct their sale.
BY this plan tho foreign merchant borrowed the duty
on his goods from the government for year
without paying any interest and then put his
goods upon the market to compete with American
manuiacturers' products He called the atten-
ton of the Board to another thing The cloth of this
coat, he said tand now speak from knowledge for
am neutrality-suspicious. eighty 1--WE per cent OF
its cost while the labor represents but twelve per cent
or fifteen at most Now then, at least Of
the material have as a manufacturer to pay duty
What do get in the shape of protection Nothing
VIVA Whatever on al me material 40 get some protec.
per cent of the cost is labor and the only difference
between the labor Of this country and the labor OF
Europe is three per cent Now my mill in Massa-
chusetts just cheaply any Manchester does
his. A. the end Of year will make no dividend and
he will make three per cent
In concluding, he said that the man who loans money
at usurious rates is the enemy OF his country The
Bible he said tells that Moses taught the Israetes
not TO shave one another In that way, and they do
not but they have revenge by shaving" everybody
else.
REMARKS on SALEM n. WALES.
In the absence Of Mayor Wickham, Mr.. Salem II.
Wales was called upon to respond 70 the second toast
'Success to metropolis happiness TO its citizens
and wisdom and homo. TO its rulers He said that il
perhaps appropriate that he should take the
place OF the Mayor for he would have been
Mayor himself If votes enough had been cast for him at
the last election Abiding TO his connection with the
Dock Department he said that not CONNER
cal city in the world had such poor
dock facilities rs New York Up to 1870 the condition
OF our docks would have disgraced fishing village.
Our citizens have permitted hundreds and thousands OF
feet Of water front TO DO filled in. He said with St
Paul that 1--WE are residents Of no city, We are
the citizens Of the metropolis OF country possessing
undcveloped than any other country In
tho world He concluded by calling upon those present
TO secure our harbor against grapng land spectators
Pilot Commissioner George W. Blunt replied 70 the
fourth toast-"In combined efforts for public good tho
commercial organizations Of New York deserve tho
good wishes we offer them" The principal point OF
hr. Blunps speech seemed 10 be to impress upon his
audience the fact that New York has the best habor
tho world In the course Of his remarks he said,
Il like my friend General Butler under the ban OF
the Empire The audience laughed loudly and turned
TO the General who only closed his eyesa ito closer
and grinned through tho smoke Of his cigar.
MT T. - Thurber, the Japanese Ambassador, Mr.. g.
n. Chatter Clarke, President 0rton, Hon Erastus
Brooks, Mr.. Wallace p Groom, Mr. sydney Myers and
others replied 70 the following toast, there wero
sixteen in a-and u was at late hour that the as
semblago adjourned.