The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-11-09

Bordeaux caruies Chumpagno Z
Clos de yougoot s
ADDRESS EX-GOVERNOR rILpEx
When nil good things had been done Justice to
Ex-Governor Tilden arose aud calling tho company TO
order made brief ADDRESS before proposing the
health OF the honored guest Of the evening He
joined in these social festivities offered TO a gen
teman who had become eminent In tho mo-
tropolis OF Great Britain by his fellow citi-,
zens in America 81 am commissioned,
he said ITO offer single toast TO elicit single
speech and Tor that purpose must make some NJ
ductory observations calculated to draw out that
native eloquence which springs from every American
bosom" tLaughtcr.) Mr. TiIden said he could not
minded that 1t was teaching oil political Gus.
tom that every man who by any effort
reduced tho cost increased the result OF any
demanded by society, to that extent Increased the
productive capacity OF human labor as the result OF
exercise. Tho men whom he saw around, owners
colossal capitals and managers OF mighty capitals
associated together in corporate forms, doubt
had-somo OF them at east-an idea that they
were working Tor themselves The speaker, however,
had tho satisfaction OF claiming, behalf the gen.
era public that they were chiefly working for that
public. (Appause) He could remember a few years
ago when the products Of industry in the United
States not worth the cost OF BRING
ing them to market little time before
east OF tho Hudson River, aud bought farms east Of
Albany, but found that products east OF Albany
means then known to civilization. A little later
no remembered meeting reports obtained by
Mr. Flagg, then Comptroller, In answer
to certain parties who inquired IRON tho farmers
whether they could abort send their products to
the New York markets. little later and New York
ers were able grasp the arises In tho
wiley Of the Mississippi The question OF trans
portatlon In the United States had mag
nitude which was possible nowhere else in
tho world. product OF industry used TO cost
a man equal to its whole value to farm to bring 1t to
Market and II the cost Of It's transportation wcrc rc
II would bring II ono added onc-quartcr to the
fertility OF the soil without any additional
crop being raised applause Today tho people
bring products IRON the romotest parts OF tho
continent and TO ship them prices which command
tho mako. The gentlemen who managed all these
enterprises, considered, no doubt, that they wcro
working for themselves and their stockholders though
the perhaps had sea doubt on that
the public The speaker remarked tha. tho
millions could not even carry carpet bag with thom
when they went on that long journey into the land
from whence no traveller e'er returns daughter and
quite young man he was sent for by OF the
ablest men he had ever known--a great statesman,
great thinker-Martin Van Buren,, who consulted
him about hts will Mr.. Tiden walked about
with him over his farm afternoon, and
trustee over hts children in the will Mr.. Tden told
him II not woil to be wiser than events
troll the future, which DO man could foresee, to
Of distrust OF ones children whom did
know In consequence Of these suggestions
Mr. Van Buren, altered his w The speaker
visit to Mr.. Morgan's establishment last summer,
during bis visit abroad. Mr.. Morgan seemed curious
matter Mr. Tildcn said he had been
thinking on II great deal, and hc had
come 70 tho conclusion that Mr. Morgan
was merely sort Of managing trustee OF the BUSH
which he carried ut No. % Old Broad street.
in London. He said to Mr.. Morgan, ..You got your
food clothing and Shelter and that 10 about
alL" OF course, man may have some delight in a
sense Of power, IN sense Of consequence. In that
might have tho better OF nim "Yss," sud Mr. TIL
den, II could not help il told HIM thought he
was trrstee on handsome salary; dong
than any the of the people about the place "
Tho speaker, however, could not help remarking
that when he saw Mr.. Morgan at work he seemed TO
take Us deep an interest in his duties trustee and to
be diIIeent ana faithful as though he had
personal interest IN the estate. tLaughter) Mr.
Tilden proceeded to mako some humorous com
PARSONS between Mr.. Morgan and Dick Wilmington
listening to the prophetic voice OF Bow Bells
Sand now, - no continued, "for quarter OF n con-
fury he has upheld our national honor in tho capital
oil England tapplause). and during all that time, when
he has risen to great eminsnce and great distinction
believe hts deepest claim 10 our consideration is that
ne has ceased 70 be- an American l trust
OF course, that all the OF these colossal
men have discovered that thcre somethi ing better
than money, and that is American esteem for their
follows And tnorc is something better than American
esteem Tor their fellows, which is tho conscousness
that human society Is better Tor tho fact that have
existed. (Applause.) Now, gentlemen, propose you
the health OF Mr. Juuius 5. Morgan.
Mr. Cyrus W. Field proposed "thrce cheers" for Nr.
Morgan, and they were gwen with will
THE GUEST . RESPONSE
Mr. Morgan bowed his acknowledgements. and.
silence being restored, proceeded to address tho
company. He playfuliy compared himself who
after falling from q housciop asked whether
the fall hurt and replied that the fall did not
hurt him. but the shock when he upon his feet
did. He entirely unable TO put Ia words tho
emotion which filed his heart His memory carried
him back to similar scene which occurred on the
occasion Of hts leaving America 70 settle abroad.
Ho went forth after the words Of counsel
given him by the friends who then surrounded
him with a resolution TO DO all he could to prevent
the good name Of America ever bong called In qucs-
ton. Nothing could be kinder, Mr.. Morgan said,
than the reception he met with in England, and he
bad since done all In his power to porpetuate that
good feeling.
securities twenty years ago and briefly skeIched tho
financial history OF the country since. The manage
ment OF the national securities at the out
break Of the war; the collection OF tho mighty
army OF the Union and its dsbandng at the tcrmna-
ton OF the struggle without turbulence no referred
with PRIDE. He dwelt upon the fact that securi-
ties ties are now quoted on every exchange IN
the future Of this country In conclusion he thanked
tho gentlemen again for the honor conferred upon
hin. and SAID that he would return to HIS post Of
labor more fully determined than ever to merit their
comm endation-
OTHER ADDRESSES.
Governor Rico, OF Massachusetts,, being called
upon responded with amusing address In which
no humorous. cuoeized his own State at
the expense OF all tho rest OF creation.
Governor Hartranit, Of Pennsylvania made a
Secretary McCuIioch, VINO briefly dwclt upon the
financial questions OF tho day President Garrett OF
the Baltimore ana ohio Railroad eulogized Mr.. Nor
gam and dwelt upon tho the latter had per-
formed Tor his country whilo living abroad Mr. s.
d. Babcock made lew remarks OF similar tenor.
Mr.. August. Belmont, beng repeatedly called for,
briefly to the financial condition of the country and
expressed his confidence In the Senate and the Pres
dent ana his Cabinet and his bo!lei that they would
listen 20 wiso counscis in the matter OF national