New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-05-10


would DO sufcicnt only to supply the banks OF the cou
try in making payments for one third OF bank day or
work of year il exclusively would DO exhsusted
BY the fortyeigt National Banks OF tho city OF sew
exclusively by the banks outside Of the city
OF New-York would be exhausted in about four hours
But the work OF the mint which seems 30 little IN com
parson with the Immense payments OF the country In
the transaction OF its business IT, for al ths as we on
OF value The quotations OF per cent and 4e por cent
bonds during the past week show that the rates OF
est realized 10 investors In these securities was Tor IN
yeors ~ to per cent aoC ahon l s nr cent The
borrowing OF the Government Is thus seen 10 De
less than a previous time and lee. than that Of ths
most favored nations elsewhere, both IN French ana
English securities hearing higher rates OF interest
HAMILTON II. HILLS ADDRESS.
Hamilton A. Hill, of Boston, next responded TO
"Agriculture and Manufactures" He said in part:
The founders Of this Chamber than one hundred
ago placed upon their broad SEAL as the emblems
well - the sails OF the ship-a barrel OF ourtho manu-
IactnIed article by It's side bale OF cotton ready
their succeesOrs while commerce means the transit
across the Of the whiewingcd ship and OF the stall
war; steamer with It's long pennant OF pcK snoke 10
gether with the exchanges between the hemispheres
which these are engaged in making FOR u.s. lis slglca-
uon embraces mlch more tOr us hcre lo-hignt, InIS
idea OF commerce includes not only all lnternaonai ex
quantity ana Nhlue, when are oohstlIuy uthIug
place within the borders OF our own National
domaine the mighty movements OF traHc, upon
100000 miles OF railway and the production OF all
thcse staples and fabrics which makes the7o
POSSIBLE Daniel Webster said IN one OF Ills
tarln speeches: With me IL is fundamental axiom,
IL Is interviewer with all opinions that the great In
erests Of the country are united ana lnsepar3De lhaI
agriculture commerce and Manufactures VIII prosper
together or angulsh together; and that all legislation Is
dangerous whcn proposes to benefit one OIL THESE without
ioohHlS 10 consequences when may AN Oh enc puncrn
statement which has been declared an axiom by suoh
an authority snail not Undertake TO prove or 10 en-
suggest an admoniOn in reference TO our now PROSTATE
shipping ntercsts II may be- wise Tor arleuursts snd
manufactures ana common carriers " l"Iu W 49, -.
whei hcr they afford to permit the American s 10
almost unknown symbol IL our own ports Inc
National Board OF Trade, during the fourteen years
Of lis existence, has endciYoTcd 10 Illustrate anu
promote this harmony OF interest among the yarlous l-
6sstrcs, and their mutual deaenderce ON eacn other
OF ALL II has its careful thought ana attention 10
questions relating TO production ana manu-,
and by sea and it has been constantly urging upon
Congress and the Executive the necessity which exists
for the creation OF department ~ Washington, Win
Cabinet Minister at lis head which should deal with
agriculture manufactures, railroad transportation and
broadly mtellgenty aud upon definite and wel[de-
vsed plan. When such department shall DO esiaD-
represented the local commercial bodies and III the
National Board OF Trade viii be able to reach the COY
and efficiently than they have hitherto been able to d.
Responding FOR THE CITY.
The next toast was The City of Ncw-York"
Mayor Grace, who spoke in response, said:
MIR. PRESIDENT AND GENTLEMEN In rising here, in an
assembly among whom l recognize the representatives
OF the great mercantile houses which have made city
famous Il commercial centre, wish that had it in
lay power TO render such All account to you Of the con
duct Of the public business great business house
might render of its affairs Great cities difficult to
govern aud have grown in size political dill
cultes have grown als0 and we have become splendid
prey for both the internal and the external enemies OF
our peace and prosperity. The Siate, whose fame is
world wide, mainly because our city Is subject TO lr jar
tsdicuOn has Ut to burden almost beyond bear
Ing IL has gwen U.s. TAX Ia" Whlch WORKS hardship ana
Injustice; II has put oar wafer 'front.' when IL vital TO our
welfare, IN commission IN snch manner as TO surround
its administration with difficulties and absurdues 1t
provides for the education OF the state manly al
In all things makes business suoservent TO pohtcs We
should not be content with being the richest city upon
the continents We should be the best governed as well
1 believe the time will when shall be So aud
successOr standing IN my place, show to
the Chamber of Commerce public balance sheet sat
iactory as mat OF the most successful DhhRhg mousse OK
business 1rm but IL Will not come until the wealthy take
as great an Interest IN our community as inc poor whose
rga 10 vote Is Regarded BY them as their best posses
SION when partsanshp forgotten In local 0hirs and
selfish interest OF the politician, Is the principal motive
Of our elections.
Mr.. sULLIyAN's REMARKS.
Algernon s. Sullivan answered to the toast
Non noIis matt solun." He said in substance:
Ii has been said that which desires In his youth
he hath in his old age 1T the origin of all Institutions
there Is impulse which marks and develops all
their future The starting pOiut Of the Chamber OF Com
merce translating It's motto To word, was Justice
Not Every man for HIMSELF" not, " All Is far In
tunty" but commerce and exchange which go hand in
hand with all That is large-mnded, aud honorable
among mankind. The lesson ha, not been in Vain
From the beginning our merchants have gotten gain,
but always b. fair trade and just dealing aud literally
do they dispense 1t for benefit and refinement OF
their 1elowmen, not only ut home but throughout the
globe The motto Of the Chamber OF Commerce OF Now
Ork is practical paraprase OF the great
mandment given from the lips Of Him spakc
never man sDake, Thou shalt love thy neghbor thy
self"
Attorney-General Brewster was expected to re-
respond to the toast immigration. The broad
acres OF America offer home to the toiling masses
of the Old World. We welcome all who will assist
in the advancement of high and progressive civil
ization." Mr.. Brewster. however was not present.
Judge Noah Davis had been assigned
the toast Labor the only wealth OF
nation. Nav We DO wIsc enough TO harmonize 1t
with its product--capital" He was detained at
home account of sIckn S. Stewart l.. Wood
ford was to respond TO The toast The state of
New-Yorb" and Clayton McMichael, of Phllaicl,
PIMA, 10 Our Welcome Guests from Sister Cities"
but neither presenl-