New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-08-04
DINNER TO DIR. NORVIN GREEN
A SPEECH BY THE GUEST OF THE EVENING.
THE FUTURE OF TELEGRAPHY-THE WESTERN.
UNION-rHE CABLE COMPANIES.

LONDON Aug. 3-A dinner was given tonight
in honor of DR.. Norvn Green, President Of the
Western Union Telegraph Company, by the chair
man and directors of the Eastern Telegraph and tho
Eastern Telegraph Extension Companies. at the
Star and Garter. Richmond. John Pender presided
DR.. Green. replying to toast acknowledged tho
honor paid him and the hospitality he had received
in England and his Indebtedness to Mr.. Pender and
the entire telegraph fraternity for constant alton
tons He had seen something of city and country,
bad found the mother country kind and agreeable.
and was 10th to leave her. He everywhere saw cul-
ture, thrift, progress. power and dominion of land
ana sea, but the sheet-anchor of strength
was the latent wealth of the people
and their money investments throughout tho
world Here was the money centre where
every conceivable industry aud enterprise In every
country was owned and controlled. Here. mighfter
still, were made the immense Investments IN the
bonds of every country. which, amounting to two
thousand millions of dollars il the United States,
must be triple that amount IN other lands. America
was paying England $l2OO0O.000 interest per
annum, the greater part of which returned through
the balance of trade in her favor, ard the profits
thereon. Almost every State and county In the
United States had some part of it's domain mort
gagged in the interest of British bondholders.
THE RESOURCES OF AMERICA.
America had not done i'll by making these heavy
Liabilities. She was young and growing country.
with vast undeveloped resources. Railroads had
| greatly advanced the worth of her productions.
ITO build them," said DR.. Green, we mad to bor-
row; TOR we never could wait. We had greatly
benefited by these loans and could
well afford to pay the interest. We
are fast people, pushing on in the for wealth.
The English slow and thoughtful, and are never
in hurry. With us things move so rapidly that Il
| hurrv he GET
pointed to the great progress made during the iass
sixty years in the practical arts, useful inventions
and improvements particularly III America. he was
naturally proudest of his own country Tor having
gwen to the world the electric telegraph. the telo-
phone aud the electric light; and wnat a wonderful
| revolution al the telegraph caused In modes or
communication The public had been slow with its
belief IN it, and slower with Its patronage. 1t now
could not do without it. Its greatest extension was
within the last seventeen years.
| THE TELEGRAPH IN lis INFANCY.
| The cable companies extending him this hospitals
ity tonight could grdle the earth with the length
of the cables they had laif The Western Union
Company had increased its plant fve-fold, spanned
a third of the earth, and had sutlicien; wire 70
girdle il fifteen times. In the meantime its capital
stock had been increased only two-fod.
With $4,000 miles of wire it was Sal 100000;
| with 425,V00 miles it is $50 10000 The markev
value OF tne shares was 40 to W per cent. ihey
are better worth par now than 4O then he pc
| heyed that teegraphy was still IN us infancy.
| Many very important usrs had yet TO come As ao
interest-savIng method IL must he generally used
for drafts and must bring about more inIl-
| mate commercial aud speculative relations between
the two countries. The hours OF the exchanges IN
| London and New-York mist conform so that tnoso
bodies NAV be in session at the same time aud con-
nected by cable. This woud result IN vastly in-
creased uses OF the telegraph
DR. CREAMS FAREWELL WORDS.
There was, therefore. no property more secured
and no enterprise more promising than the tele-
| graph It's necessity aud usefulness must continue
TO Increase 10 popular appreciation. DIR. Green con-
tnued as follows:
Aud now I come to bid You grateful farewell Ibavs
eioyel mucn OF your hospitality and nsd % many occa.
Queen wnicn nave doiformly done VITA hearty good
| Will, for II you must nave Queen you certanl, nave
p noaorsa and respected al the World alike tor
her wise prudent rule for her ver exemplary court
csm upon your form Of government not that you have
sovereign out tlat you have only one We aaye hfty
million country ana are rather partial
10 them Tue tle may DC less appreciAtei because
ali. but yoi know We have no title below the
still IL is rather remarkable that with forms Of govern
so ess .tay different there snod 9e 80 % %Scs nra
OF fs ana property n .nese ,ns saes as
Face every there march osnd in hand. May they con-
tuue to cooperate In peace aud smity tll tue Engs9
counIry and these advanced principles of tue English
speaking peoples snail impress themselves everywhere
OTHER ToAsTs AND SPEECHES.
The usual loyal toasts were then propoed. Sir
| Thomas Brassey. member of Parliament and
Junior Lord of the Admiralty, replying to toast
| to the Navy, referred to the United States
| Navy, aud said 1t was not the
policy of America to spend money In
making prepara ions for war. but whea the United
States Navy was engaged actively, 1t exhibited .
power not surpassed by any other
Mr. Pepder in proposing the health OF DIR. Green,
referred to his visit the United states, and said no
was received with hospitality which surprised him.
He calogzed the great enterprise which DR.. Green
| commanded. and said that he dld not Deiievs
any one could realize or have any idea OF the I'M
portance of tho power which nc wiciueu' lne 'oass
| was received with enthusiasm. =, .o.
| After DIR. Green's reply as given above, the Star
SpangIed Banner was sung, the, company
joining in the chorus Lord ,stsTn B1Ty tnsi anS
Eastern Extension Telegraph, Companies"
| to which Mr.. Pender replied. Sir James ANDERSON
then proposed toasts to "Our Guests" coupling
| Herewith the name Of Isaac j. Bailey, VINO inaoe
| an amusing reply.
| SOME OF THOSE PRESENT
Among the invited guests, mcst of whom were pres
ent. were the following Sir Thomas Waae' a.
Grant. NJ. p; P. Rysnds, NJ r.; tns
p; the Hon. J. c. Duadas, NJ; r; I. Mao.
liver NJ r.; DIR. Farquharson. NJ x; Professor
P: o:S Sir i. Archibald. Sir j. MEG. Hogg, NJ p;
Sir L. Brassey. NJ T.; the Hon;, A. dc l. Egertsns
Nj p sam Ward, Sir Charles Forster. M. r; Ad-
mlral Inglefeld. Captain Shaw. OF the tlre brt-
vade; V. q. Probyn, DIR. Goodsall and Z. IL. ratoy.
| of the General Post Office.
A COLLECTION TAKEN UP At a HANGING.