New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-07

sum6erea Tor centuries me Ru,san railways pene-
tated the men mould along tne Black sea- and elevators
seeds and implements to the patient Iindoo. and the
India. The Greek Islands awoke to q life and the
banks Of the Nile once more responded to intelligent
wheat. and accommodating debts instead OF dollars In
the wheat PIT OF Chicago IN single year was buried moro
OF the future prosperity OF the Republic than the Of
all the traffic which flows through the great city would
mount up to in a decade
THE MISSION or THE NEw-YORK ExcHANGT.
II this Held q activity where the New-York Pro-
duce Exchange fulfil most patriotic and powerful
mission It handles seventynye per cent Of the exports
from tlo country ami its Legitimate transactions reach
the enrnous money value Of ten millions OF dollars
day II organized deal in food products Of the
! Republic, not TO gamble with them. Applause. In
noble and memorable words is constitution recites that
the purposes Of Our institution shall be to Iculcate just
and equitable principles in trade" Under this banner
the ntcrchaugng surplus OF hgyests and manufactures
OF temperate and tropical cmcs and diverse Industries
will bless and eucrich the land. lApplause. You are
a great commercial congress. and can represent the
opinions and interests Of the lonely homescsder follow
ing the furTow the prairles OF Dakota the giant
farmer ploughng bv steam power the fields OF Mime
sota the tOing millions dependent upon active capital
and pro sperOus trade in the great cities and manufac
turing towns To and all Of them the honest hand
ling OF the haryc-t and the control Of the markets ~
Europe IS a question Of life or death. Greed. which
penal laws cannot reach or patriotism curb can be DC
featcd By education and intelligence.
eminent in the vain effort 10 turn turtle ponds INTO m
land seas. and into navigabe MYERS, 10
pcpetuate some local statesman be wisely spent IN
gauzing bureau OF information 50 vast and yet 80
accurate that Interpretations to the daily pros
peet Of the crops at home ana abroad rs to the Sapy
I'm the worlds mars and tie conditions OF tronsporta-
ton VIII DE impossible. and make all these factors al ail
times accessible 10 every citizen lAppanse; linen
auaclS canis PSS i" yy,oIIac y, y t6e
ebb and now OF national life let the morning and
c hiSh,t1 ,g9 Carr re- Sinai of the weather bnran
hiatt pf III
by every husbandnan. Concentrate upon the Natloha
capital your wisdom and experience 10 avert the evils OF
debased currency to be followed by ruined credits
Chinese wall silver dollars Of hnctuatng and depeci-
acd value artdciay built about business must re-
suit untold caames. and constant and alarming
drain OF gold Applause
The HOSTILITY OF FOREIGN COMPETITORS.
The necessities Of lhcir position have intensified tho
natural hostility Of foreign competitors. Every at
invented and perfected in centuries OF ferccs rivalry
among commercial peoples IL used to defane oar food
products Our reputation for sharpness and natlesss
enormously enhanced for the purpose OF supporting
wholesale charges disease authorizations with
us common and applauded forms OF fraud. The German
Chancellor and the British Parliament have given their
great authority assist in these assaults upon our credit
and good name. This question has become one OF the
gravest National and international importance. Tho
truth is rapidly aud universally dihused thai
neither the aschoods OF traders the orders of auto
Gratis can long sustain Misrepresentation II every basis
for them : taken away. The New-York Produce Ex.
work but with the strength ana prestige Wncn IN on
and custodian OF our honor and pros
pery. formulating rules conducting Investigations aud
enforcing justice with the utmost yigor and Importantly,
ana instantly and fcaressy vndcatng those who are
uuusty attacked and exposing those VINO are guilty,
it must eradicate every Justification for SANDER estab-
fish beyond the possibility Of dispute the purity Of tho
products export, tue Integrity of the men who raise
OF manufacture and Of the American merchants who
The statue of Thomas II. benton. at ST. Louis, with
outstretched arm pointing 10 the west holds scroll
bearing the legend" Behold the East" Never since the
wise followed the star to the manger at Beth
east ward current rs II flows with ever increasing
volume through the Golden Gates OF the Pacific gather
tnent THIS magnificent home OF commerce MAJ ks IT'S
and growth, and this grand city. the metropolis
Of the New World l. It's creation. Tue FORCES NeL nave
in vonT own hands Patriotic cosmopolitan hosptabe,
broad healthy and vigorous the merchants of New
and larger sense under This dome and architects Of
the past will DC the successful builders VI the utufe
| lApplausel
CONGRATULATIONS FROM SISTER EXCHANGES.
Scarcely had the orator ceased speaking than the
strains of selection from &" La Gioconda " held
the attention of the audience. Mr.. Sullivan was
then introduced. He apostrophized the buildingi in
most graceful language, and his remarks were fire.
quently interrupted by applause Brief addresses
by guests from other Exchanges followed. Mr..
blake offered the G9ngrasuWSfiG t Of tne Ego
the Montreal Board OF Trade, a. ). Hatch Tor tho
New-York Stock Exchange Major Hancock for the
Philadelphia Board Of Trade, T.. l.. Colby for the
Milwaukee Board of Trade, J. F. DrayO for tho
Pttsburg Board of Trade, and Mr.. Walker for the
Toledo Board of Trade. number OF cOngratula-
tory kilograms and letters were also read.
After Jubilee Overture" the baud played tho
National anthem America" and the words were
sung by the audience, who rose to their feet and
made the binding echo with the volume of sound
The brokers sang with will and at times the notes
OF the instruments could not be heard. Then the
Rev. Mr.. Brooks pronounced benedlctIOD, and the
building became in every sense the home of the
members of the New-YOTk Produce Exchange
An excursion was given in the afternoon Tho
rain 5anted down IN long lines the steamer
Sam Sloan when the members of the Exchange and
9ue5e5 the ou nartw and nch
con was served C. G. Burke, j. NJ Hazel
tine c. X. HiokOx, AgernOn ). sullivan and other
gentlemen pointed out through the curtain OF fog
the interesting points as they were passed. The
trip extended on the North River to Twenty-third-
ST., returning along the Jersey side, and thence up
the East River past BlackwclPs island and back.
Philadelphia, Chicago Toledo, Montreal and To-
rontO were represented among the guests and sew
eral impromptu speeches were made.