The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-01-17
THE BULLION CLUB.


THE OCCASION OF THEIR FIRST PUBLIC DIN
NER-sECRETARY SHERMAN RESPONDS BY LET
TER TO THE TOAST PRESUMPTION.
The Bullion Club gave their first public dinner last
evening at their building. No. - West Twenty fourth
street.
This association was formed on November 1. 1878,
and has for its object the promotion of the develop
ment of American gold and silver mining on the
basis of legitimate industry, and securing for New
York that share of business connected with the in
dustry which is due it as the commercial metrop-
oils of the country, far the same can
be promoted and secured by social discus
sion. the interchange of educated thought
and the recorded results of intelligent investigation
The initiation is $685. and each member has to pay an
annual fee Of S25 The officers of the club are John
McGinns. Dr. president. and r. C. Stone, secretary.
In the absence Of the President Mr. d. g. Croly pre-
sided On his right sat Chief Justice Charles P.
DAILY Brayton Ives, president Of the Stock Exchanges
General C. p. Fiske, J. W. Simonton, gen.
eral agent of the Associated Press; william r.
Garrison, president of the Metropolitan IL Railroad;
George B. Saterlee president of the American Mining
Exchange, and william Mitchell, chairman of the
Stock Exchange. On his left were General Horace
Porter, Commissioner of Charities and Correction
Isaac H. Bailey General c. T. Christensen cashier of
the Nevada Bank of San Francisco; W. r. Hatch the
banker and James Francis, of the firm of Trask Il
Francis The excellent and after the repast
Mr. Croly. the chairman. read an address which the
President of the club had intended to deliver he
not kept away by sickness
THE TOAsTs,
The toasts were next in order. They fol-
l. THE Bonanzas; may every member of the Bull
ion Club find one Responded to by General Chris
Jensen, OF the Bank of Nevada.
2. "Our New York Banks; may they be the cashiers
of the world Responded to by Mr. Brayton Ives,
president of the Stock Exchange
g., "ReSumDtiOu."
Sherman would be present to respond to this toast,
but, instead, Mr.. James Francis read the following
letter from that gentleman which received with
loud APPLAUSE
STONE ESQ, BULLION ss n.
DEAR s,anrou, letter Of the 9TH inst enclosing card
at their club house on Thursday evening" the 10th nst is
regret that official duties will permit mo in per-
TO respond TO the toast send and do
p IMAM '' ITSELF
sos @Ss, the rss of os pest
cept in dire necessity. issue its promises money
whom thSega tenders were rsi issued in February ISL
s and Gsamsa
from voting for the legal tender canse. was that
IRENE as to demand the issue of paper
hs % ss
upon its ability to coin into It's promises pay
ss5eiary %lio"s q
70 Of for
clothing TO main them !, the We then
seemed strange that large and respectable
eoninusnse Of rredeemasle money the rer%a,
nent policy OF nation strong and rich ours able
Of it's issue had disappeared To is
illness, danger to stand sound and healthy
the financial world with currency based the
trinsic value of solid coin Therefore, resump
ton be perpetual To wish otherwise is TO hope for
danger aud national peril caames 60 which
like others be subject but against which
a every DO
Letters of regret were also read from General Hill
house. Assistant Treasurer of the United States Pro-
fessor +. " Hayden. the head of the United States
Geological Survey; NJ dc Zamacona. the Mexican
Minister, and others.
The fourth toast was:-"The New York Mining Ex-
change May its fancies decrease and its commits
sions increase" Mr.. George B. Satterlee.
8. The Press" Mr. John swinton of the Sun
6. 1.-The Geographical Society May il rend earths
surface to use'' Chief Justice Charles p. DAILY.
Z. Our National surveys; their object, their
men,. Professor J. H. McChesney.
8. Investors in Mines" General Horace Porter
o. ''Our Precious and Metal Mines. MAY they be
treated honorably.'' II. p. Rotheem.
TO- Our Mining Press. Let IL give us plenty Of
facts and few opinions" General Thomas Jordan.
H. "Our Prospcctors, the Fearless and 1ndo nitsbe
Pioneers. May they strike rich here and hereafter"
Isaac H. Bailey.
L. ''Our Precious Metal Mines They have given
us an empire. May they be always in royal pay"
General c. b. Fiske
Is. Our Bullion Products May IL and that Of the
rest of tho world flow through New York" II. G.
Stone.
supply the club instruction, fair warning and good
cheer w. ID. Snow
Is 'The Miners and Metalursists. BY whose will
the precious metals wrested from the rocks, and
formed" Professor W. p. Blake, Of New Haven,
Conn.
The party did not break mp until late hour and
every one left satisfied with the evenings enjoyment