The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-05-15

Of English speaking nations and Its elects
no svaus a aoon ne
conterre unon society pv commerce and tho
spread OF the Gospel in distant lands through lis IN
strumeniaty. In that connection he spoke in COM
plmcntary terms OF the HgRAiD's enterprise In send
ing indomtable representative explore tho 70.
cesses OF Africa and to bring tidinss from the lost
Livingston
GENERAL suERsAs's SPEECH.
General W ]. Sherman spoke TO the ARMY ard
Navyn He was greeted with loud and prolonged
cheers as no arose and began, in his characteristic
manner. speech which created more enthusiasm than
any other speech OF tho evening He had
the eyenn. about wise economy the government
OF the. United states I'VE OF tho army said he.
''sand practical exemp.inratIon OF that theory. II
the same principle which mas been applied TO tho
army Is extended 10 all the branches Of the
soon he cxtnguished. d.aushterl Now. gentlemen,
what is the army OF tho United StatcsY Twenty
thousand enlisted and ., 800 officers, among them
many without legs or arms, and yet having families
depending upon them. left without pay. stu
they are At their posts where they commanded
TO be-, and II they leave those posts they do
at the peril OF their lives II this be the generosity
OF great nation then GOD help Sensation aud
checrs But VIC have faith all OF US, and assure you
that not one man has yet mu,tcrcd syllable OF re-
proach complaint. No! II an order goes forth to-
morrow that, their provisions being exhausted, TO cat
their mules, they viii do in Tho General stated
that the army cost loss than scveniy-ivc cents u
year per man. He argued Tint but tor the army,
which preserved and assured pence throughout
the land there could be commerce. Away out
the boricrs OF the far West tho soldiers driving
back the hostile snvnges ana opening up rom day 10
day new territory for cnigrons 10 settle upon and
merchants constantly In receipt OF orders from
settlements which thev had heard from before
But Tor the little faithful bands garrsonng the forts at
tho entrance 10 our harbors those lorrcsscs would
soon fail into decay, and pirates would be
possession Of our cities. II was unjust and unrcason-
able he claimed TO end boys to Wcst Point the age
OF sixtoen, train them up until they werc untitled Tor
any other profession than the army, and then
In middle age, when perhaps they had lost an
arm or leg, TO turn tacm our becarse
Is not tho contract said the General vehcmuntly: tho
contract is for lilo service. You may turn them Of
General referred 10 the fact that under tho protection
Of the army and navy merchants Of this city
had traded with profit and built up whole
ranges OF brown stonc residences on The avenues.
but no did not know OF soldier that had proitcd
one cent by It. YOU said he, ''got tho profits and
got the knocks. wouldn't like anybody else 10 say
that, bat Will say It myself But do not fear We
know there is safe place the heart Of every Amer
lean for tho army and navy OF the United States y
(Apnlausc.)
''rho Resumption OF Specie Payment" was discussed
by cx-Secrctury Mccullough. After reviewing the
financial history of the country from 1860, lie spoke
OF our present financial condition and prospects The
President, he sand, was hard money man, and had
won his aurels IN contest with tho soft money
mon OF hts State. He thought he might also say
that the Secretary OF the Treasury was hard
money nun, and was thoroughly acquainted
with the financial history OF tho country. Mr.
Mccullough was confident that the currency qucs-
ton would soon be solved and that at no
distant day We should be upon sound financial basis
We should never got back Ia Ppecio payments whie
500, 900 Of paper currency were in CIR
culatiou. The first step toward the rcsump-
ton OF specie payments must DO 10
bring about the equalization the currency In
his own judgment tho equalization could be brought
about within the next two years II tho officers Of the
government were trusted as they should he. Ono OF
the most important aud pressing duties Of the
Chamber of Commerce, he thought, was TO bring
IT'S influence 10 bear in order TO aid The
Socrcury OF the Treasury in carrying out his plans in
reference 10 the wished Tor resumption.
Commodore Nicholson spoke briefly OF tho condition
OF the navy aud the best methods OF improving Its
efficiency.
FAIR WOMAN AND THE FINALE.
The last toast .sThc Women OF America tho
best educators OF those to whom liberties To
be transmitted" II was responded 10 BY Mr.. Elliott
4. Shepard
Altogether tho proceedings OF entertaini ing
and attractive character tho Will long be
remembered among the rcd-lettcrcd days OF the
Chamber ct Commerce.