New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-12-13
THE DINNER AND SPEECHES.


around Delmoncos tables Parke Godwin-who pre-
sided with original edition OF Adam Smiths Wealth
OF Nations, 1776, placed conspicuousy before him
William Cullen Bryant, Prof. Sumner of Yale College,
Secretary OF State Bgelow Henri Cernuseh OF France,
Edward Atkinson, Cyrus w. Field, Howard Potter, DIR.
Hammond, Robert B. Minturn President Anderson Of
Rochester University, Horace White, f. L. Godkin, VIII
liam T. Dodge, jr J. 8. Moore, Arson Phelps Stokes,
and Others The assembled free traders did full Justice
to the dinner, and showed their appreciation OF Del
moncos vands for fully three hours before the speaking
was begun.
Mr.. Goodwin said that several prominent gentlemen
who sympahized with the movement were necessarily
absent but they all had sent letters Of regret Among
them were Gov. Samuel ]. Tilden lgreat appausel,
LleutGov. DOrsheimer, President WoOlsey, President
Eliot Dr. McCosh Senator Bayard Congressman Lamar,
Sir Edward Thornton, NJ Maurice Delforse, Charles
Francis Adams (applausel, Ralph Waldo Emerson, Rich
ard II. Dana, and James Brown Of this city. In the
OF his subsequent remarks, Mr. Goodwin said that
ne felt very thankful that while tine thinking OF the
nation occupied with the momenOus questions OF
the hour so many were able 20 come together TO do
honor TO science. IL often IN secular experience
that came together to do honor to q book. This
meeting TO do homage TO book everyday affairs
book had already taken s position among the mas
terpleces OF human genius [ApPlause.l One hundred
years ago was published An Inquiry into tho Nature
and Causes OF the Wealth OF Nations" 1t not
the work Of staesman or OF banker but OF Scotch
professor, who bore the somewhat ubiquitous name OF
Smith II not attractive topic. In polite society
It would have been thought very dry 10 read Of labor
wages taxes and the Ike and the editors Of that day.
who knew everything but their own ignorance, would
have thought 1t hard work treat OF such subject
The idea OF the wealth Of nations that then prevailed In
Europe the resources Of prince. They did not
know that labor the great source OF wealth. But
this book made its way and school OF disciples was
founded and to-day they had met together to celebrate
NJ al MON For
last page of his work they read that he advised Great
Britain 10 let the colonies CO. for would be supreme
folly to try to keep them.
Mr. Goodwin then alluded to the slow growth OF the
principles OF political economy, and attributed to Smith
the great honor gathering them together and giving
them TO mankind The names Of the modern writer's OF
political science were forgotten, but they would
shine more brightly in the light Of the central SUM- lie
then paid glowing tribute to the venerable poet
Bryant appauscl who had described so beautifully inc
phases life the Streets showing how man hurried
along driven by It's selfish desires Society was ohy
this life extended. II had long been hcldthat human
interests were anita gonstic, but now thoY were SHOWN
IN be conyergent People no longer asked anything
from governments except justice and peace. smiths
great WORK and that Of his CONDUCTORS was u sho" t
the Gospel was right and human practice then wrong;
and they showed tha human interests were reciprocay
helpful The speaker then drew VIVID picture OF tue
,oat benefit men now enjoyed from the fruits of other
pe that political science would become, WITHIN whose
portals all men would hnd refuge
TIE HON. joins BIGgLow's SPEECH.
The chairman reld the nrst regular toast OF
tho .yeaIng 60 "The early French Economist In the
absence Of Pro, 4. l.. Perry. Mr. Bgelow was calIed
upon 10 respOnd % this toast He said the toast du oy
sItpple Justice 10 that great school OF enlightenment 10
which Adam smith was also under great obhsat4ns
- the men who fUurished under the reign
of Louis XIV, and esuccally to the man WHO
fret organized the industries OF frH r WIZ W
ttr -fg fles Of
Colbert Toe arrangement and casshratom OF r ine's
concerning tho indu.tres OF iIans. y, lhr was thai
IS nu~sc OF science he really LAID the Iouhua'oh lo III
~ M ,iearIes advanced by others To this man
i,h and III economists we're Indebted for meas
uring as 10 were, the science OF poichi Scon1iy ~
Srralcst misfortune this country now lalored under IN
tb fspcrt AZ that ~ did not foster nor end aNor 70 sep
up the urcau of Statistics In the manner III "un J. %
%ct and Statistics about their own industries and their
own progress Mr. Becow III closing cxpessIu iS sur i
prise that he had yer seen an AIne,ioa To seU NJ
Adam Smiths works, and asked the gentlemen PiTson
il had seen one Two n IN haa in his library
an American edition published III l'Vo
ADDRESS OF DAVID A. WELLS.
The chairman then read the secon regular toast:
The Wealth Of NatioTsAn mpernGpo Of science
destined 10 revouOnze the legislation aua Piaci w.
nations At the end 100 year IL Is as insnetE9 III
its iCaeDngs aud M beautiful in style as when u hst
ntr ,cted the attention OF the world lIs @ Sr
smith, will be held In honor by MS l'llo"-i"'n i'
David A. Wells was called upon to RESPOND 10 tn'S
toast and was received with great applause lie Sau III
part: - -, ,, tho
Considering the condition Of Western EutopG rom ,e
time when the States had attained mp moi tanIS ont
ote OF civilization, there - no Que point tih
more prominently than the spirit OF y, ga
nation aud nation and man and nan Tbe one theory
everywhere ctnthccrzru s sui Cousins dId more
which n IL did originate social ~ ham
than anything else to intensity ana po P UpiveT
was the false economic idea, at one time uhlne ns
sally accepted and nor , no" accrued In the way
NJ advantage through trade ana commerce Wuh2y -
nation community individual, m must VI los or
conntcrbaauccd by an equal or co[tp"ity9 ar 9s
dsadynutays 10 souo other nation or eomhuni'y o 40
the old prOverb pithiiy eHprssca u. Erarv state i'm
gain III trade is other mans nosi & yo,,,nsrcc
GIri.tendon instead Of making trade anu oolintrgo
free IeIt bound to impose the most c,nnyrs NOT
merely as between different nalf13hs' Du' ci1Dtry
between different dlSrlotS ., ny Tho rrsult WAS I'm
mud even as between man anu MAN. inu 'iah cv,r,
ingenious or rather Internal hysieh " W." su0,ri,,
wUrUngnan who had through uo In in, any one Of
The Sids or trade companies, WIS made 10 reg ,t %
scll-interest most surely prOnN,u in condition
many of his fellow-labOrors rs pOssplo ~ tIn narv
little better than slavery 10y M Hnnr5ence 10 be
restrictions which nc hau Under these circum-
suncps tne union OF capital and aDOr wns 5d an ~
imnerfect that production every where carrier oh t
tna minimum OF advantage. Poverty ano sun"IinS pe
came the rule comfort and aDunance n. ,i The tbir
such h te economic history OF Europe from me 1ii
,cuti Ia near the close OF eighteenth century. Ls
wear We celebrate the first ,yhicI was i'm
iIy The first great successful protest te Hofd tlet
saw against doctrines that tne 10 hs Wealth of
universally adopted. Adam smith ~ nS ,Ith and
Salions Tor Tie first time clearly denhed %ea ncS
that AZ consists solely OF ut 49, naIIra
labor and skill can add to the mat ,n,t af
furnishes that production alone DrnSs pii and iae
tng is distribution aud that no wealth eau ~
nation unless the producer can SUPPLY him elf RMS
Le,neT thon the consumer can supply mih'sh' ,
SOLITARY scoIchnan BY the publication VI h U If
book mas contributed more t0wa,h United abiItIes of
ai Ihc statesmen and legislators OI "nonh Ni''"A' ~
preserved for any authentic recoiu'
SPEECH OF WILLIAM CULLEN BRYANT
cr, Oh ,ar ,ton read the third regular toast, The