The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-11-13
THOMAS BAYLEY POTTER.


OF THE Golden CLUB BY THE NEW YORK
FREE TRADE CLUB-THE ToAsTs AND THE
SPEECHES.
The New York Free Trade Club gave last night at
Delmonico's brilliant reception and banquet to
Mr.. Thomas Bayley Potter. N. P. secretary of
the Golden Club. The toasts. which were numer-
GUS and varied, advocated the principles OF free
trade in general. and as applied to many particular
imports and exports, and ably responded to by
the eminent gentlemen present Among the guests
were j. T. Agnew. c. F. Adams Jr.; D. s. Appleton.
DIR. NJ. B. Anderson. James NJ. Brown. N. NJ. Book
with. b. H. Bristow. Hugh N. Camp. James M. Con-
stable. Brnton Coke, Clarence Deming William 4.
Dodge, Jr. David Dudley Field. Cyrus w. Field. L.
f. s. Foster. E. L. Godkin Parke Goodwin. William H.
Guion, J. N. A. Griswold, William A. Hammond.
Henry Holt, Z. N. Horsford, Adrian Ise-
lin, M. X. Jesup. John Taylor Johnston. d.
Willis James. L. NJ. Lawson, Jonas NJ Libbey.
Charles Mali. W. H. II. Moore. Hugh McCulloch.
Charles H. Marshall. j. s. Moore. G. Nordho George
II. Putnam. Samuel B. Ruggles. Simon Sterne. Arson
Phelps Stokes. F. A. Stout. James Stokes; Jr.. H. B.
B. Staples. W. E. d. Stokes. Sinclair Tousey Baron
G. de Thomson, Casimlr Thoron. d. A. Wells, Z. p.
Wheeler and Horace White
MIR. PorrEn's HEALTH.
After bountiful repast had been done ample JUS
tice to Mr.. Parke Goodwin proposed 'the health of
Thomas Bayley Potter Esq. NJ. p. secretary Of the
Golden Club. We honor the representative Of
tive trade principles. wherein all here his
constituents greet with atfectionate cordially
the man whose sympathies were ours in the day OF
..Friends and free traders" said Mr.. Goodwin.
''our realm is the world and sympathies and our
aims have no other boundary than sunrise and sun
down. We have hearts ready to welcome men OF all
nations and of all climss Our horizon is humanity.
Westand for humanity and for those principles which
| In
human race. Applause.) But We still have special
spot in our hearts for special sn who sympathize
with us and who stood by us in dark hours We
have toward them warm feeling Of gratitude which
eager to express One Of those special friends
liz the gentleman have with us tonight. Jap
plause.) During our civil war, when q great many
Americans themselves did not stand up straight, he
Mr. Potter replied AZ folows:-Mr President and
Gentlemen-I thank Jon for associating the borough
Rocndale which the birthplace Of John Bright
and which represented by Richard Golden. Jap
during the American war can say that there is no
part of my political life OF which have besn
prouasr See IN the an t% OF thus unon my
maintain it. tApplausc) firmly believe that the
glorious Union by its vast Development is to carry
blessings to- tho world believe. too. that by its
influence many institutions which SAVIOR Of
monopoly in our land may be destroyed. I
believe that free commerce. Intercourse be-
tween nations only restricted by taxation which
Is absolutely necessary. Is the best guarantee
timately prevail throughout the world. If any
country in the world is Interested in the develop
ment of free exchange it is this one Its natural
resources are the greatest in the world. and its
products much greater than can be used at
home. 1t must also be great manu-
it is possible for your manufacturers to pro-
duce sufficient for your own wants. 1t is
The great "boom"-(aughter)-isg getting to be well
understood all the world In my opinion it has
caused by the fact that this year your food pro-
auctions larger than while III all Europe
the harvests have been very bad.
UNPRoFrTABLE GOLD.
You receive in exchange for your products small
quantity of commodities and q great quantity OF
gold am inclined to think that the present boom
may give way to depression Unless in the mean
time you decide upon adopting a more sound prin-
ciple of trade. and take the commodities Of
other nations in exchange for your products.
you may have very considerable depression.
The gold which you are now taking does not appear
to me to be what is most needed by the American
people The precious metals are plentiful in your
own land. 1t is n question whether, beyond ell
HANGING the price OF many articles. you will derive
gold which you cannot use. Consumers will
not long DO satisfied with the price they
have to pay for foreign goods. have some
hopes that the question OF tree trade will be pretty
generally discussed in America in the public press
and at Washington. You free traders already
throughout an area such hardly ever existed be-
fore throughout the whole of your states, and we
to your foreign relations. tApplause.) We. in
England. are only beginning to battle for free
trade IN ianu prnmcPae wnicn you nave ",
you my sense of your kindness and hospitality and
to give my thanks to the gentlemen of the press.
You have sort OF national institution-Interviewing
thank the gentlemen Of the press of this country
for interviewing me. for the courtesy and Kindness
they have shown me and for the opportunity they
have given of expressing my opinions publicly.
FREE TRADE IN THE UNITED STATES
President Anderson, OF Rochester University, next
responded to the toast Free Trade in tho United
states." He said it gave him great pleasure to join
in the greeting to their distinguished guest He
years 1862 and 1868, and knew what IL
cost for Englishman to be friend of the United
s.t AupE ham ns. nx.l.l arllv tall
what IL John Bright and Thomas Baylcy Potter
to stand by the American flag Every blow struck
These gentlemen represented not only free
trade. but progressive humanity. Their work
hoary privileges should be struck away from Eng
land. aud until every man should be free. socially
politically and economically. The Kansas farmer
and Texas cattle raiser were aiding in shifting down
privileges in England. England should learn from
America the doctrine OF free trade In land OF FREQ
Mr.. David A. Wells then spoke on the present
Attitude OF Free Trade" The reason why England
did not Interfere in tho late civil war; said was
be found in the work of such Mr.. Potter. Ho
honored Mr.. Potter. not only tho tried and true
friend of this country but secretary OF the Golden
club and most strenuous supporter of Tree trade.
The time was drawing near when nothing could pre-
vent tile discussion OF tariff policy as a national
issue and the subsequent reduction OF the tariif.
RESUMPTION. EMIGRATION AND SPECIE IMPORTS
Ex-secretary .. II. Bristow responded TO the toast
ption. Emigration and Specie Imports" Re-
sumption. ho said. had found ADLER or better all
vocato than Secretary McCulloch II was u ques-
ton whether resumption had come TO stay. Tho
toast spoke about English sovercigns being
welcomed here eagles. but the eagle was q
wary bird of ready light. He considered the pres
ont condition most anomalous one Should the
steady flow from Europe cease the country would DO
In the midst of suspension. II time TO make
resumption permanent by having the government
Withdraw FROM the banking business.
The following toasts were next replied to = "The
railway system of the Continent with Briareau
arms to do the biddngs OF commerce." by q. Il.
Adams. Jr. 1.-THE shipping of the world" by
4. II. Marshall "By rail and ship the acres
of Iowa have become the wheat fields of Eng
land. such are the blessings of partial free
trade by Edward Atkinson; international
Money" by s. ID Rugges; Free Quinine--May 1t
soon become and long remain, o drug in tho mar
- - ~. M,nra a,d s.rha pr.s. % w. Nv II