New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-12-30
BOSTON MERCHANTS DINING.
MANY SPEAKERS OF NATIONAL FAME.
FINANCIAL SUGGESTIONS OF VALUE SENT BY MAIL
BY SENATOR SHERMAN.
IpY TELEGRAPH TO THE TRIBUNE. ]

ance was only limited by the capacity Of the largo din
ing hail.. There present 275 representatives of
commercial and financial interests in Boston. the CON-
mercial regulations OF many OF them not bounded by
Boston or newfoundland. The only drawback to the
pleasure OF the occasion the absence Of several
statesmen. who were prevented from fulfilling their
promises the Committee OF Arrangements by tho death
Of General Logan The affair admirably managed by
the Executive Committee. consisting of A shuman.
Weston Lewis J. j. Henry. and G. b. Gookn This associ-
alton incorporated In 1880 but until last year Its
banquets not especially notable occasions.
Tho success OF last years gathering. which
had National interest, owing to the presence OF
several distinguished men, gave impetus to
the OCCASION which caused this year increased demand
for tickets much that it was found necessary to
limit them to for each firm reception given
in the parors Of the hotel from to 43O O'Clock, when
the company entered the banquet hall William Wood,
who presided. hanked either side by Governor
Robinson, Mayor OBrien, Governor elect Ames Senator
Morgan OF Alabama Congressman Morrow, OF San
Francisco; Congressman Curtin from Pennsylvania
Senator Dawes Senator Hoar Congressman L. b. Taylor
of Ohio; John ID. Long A. A. Ranney and F. A. Collins, or
Massachusetts,; Senator Hale. Of Maine Congressman
Hepburn of Iowa; Senator Eus:us, OF Louisiana, and
George Nj. Stearns.
Seated at the long tables among others Eben \.
Jordan. ir.. Chester Guild. Arthur Burnham, Exon
gresham Rufus &. Frost, r. c. Downer, Congressman
Leopold Morse. state Treasurer A. W. Beard W. A. Rus
sell. II. G. Jackson. Charles Levi Woodbury., Seth NJ
Milliken Thomas Mack Charles e. Powers, Cnaries ~
Clapp. General John NJ. Corse General N. p. Banks.
Colonel r. NJ Pulsifer Colonel Charles H. Taylor Con-
gressman-eect Henry Cabot Lodge Judge Abbott, ".
II. Forbes. Charles V. Written Ezra c. Fitch George H.
Richards, r W. Chick Thornton f. Simmons. ThomasN
Hart Colonel William " Hutchins John Paige. Albert
W. Nickerson W. Farley John Sheppard s. s. Blanchard
Colonel George Whitney, L. A. Fenno. George W. Sim
mons William f. Simmons, Thomas W. Deland, Isaac
Fenno. Joel Godthwaite, George G. Croker Joseph H.
Winch. Roland worthington. John NJ Graham John 8.
Clark j. II. Freeland william Asplnwal Edward Avery,
E. W. Kinsey Edward A. Taft A L. Coolidge 7. p
Bea Caleb Chase. E. NJ. Springer. Joseph d. Leland IT,,
Professor George d. Olds Wallace D. Lowell. George W.
Merritt Samuel Z. Allen. Ezra Farnsvorth. George A.
Miner Charles O. Billings. NJ. Larrabee, Curtis Guild
Samuel Johnson, Samuel Little, John Brayton, Charles
We'll, A. H. Rhoades b. f. Lsrrabee, Henry Woods. Will
lam Endcott ir, Colonel T. L. Bovine. L. NJ Goodel' f.
W. Converse Robert Farbairn Charles Richardson, the
Rev. ii Price Collier. william f. Barrett, A. NJ Went
worth. Urie II. Croker and Charles NJ Clapp.
At conclusion of the repast President Wood made
pleasant address and introduced Governor Robinson who
was received with great applause The Governors adj
dress of humorous nature. While abiding to the
difficulty among the Congregaonalist he remarked that
the citizens of Massachusetts dealing with things
both spiritual and material He said "We have not for
feed claims upon another because we differ in
things give 10 distinguished guests the free
dom of the Commonwealth"
The next speaker Senator Morgan. OF Alabamaw who
delivered eloquent address upon the question, Shall
We Continue the National Bank System, or Repeal 1t I"
He said in part
hope the time NAV never come when merchant shall be
rpsane either 0 which he offers for sale or
discount 1t will entrust the mother bank the
count or with the purchase sale OF exchange Let
BY an@ re@ e@ the ' nG duty
greater than should be left the test of expert
He dwelt at some length upon the silver question and
said:
us In dealings VIII silver and gold give TO be- each
coin r 10 % Lego ar lsp Of oan n
deposiiod i the Goyerpment bank Than
IL nasf notes s$a s2ass which
when IS reserve the cay e S Sny o. UopeP
promises to say nothing of the bonds we owe
Mayor O'Brien followed Senator Morgan with an ad
dress of welcome TO the visitors.
George ~ stearns United States District Attorney, re-
sponded to the toast The United States OF America
cone Of the great questions considered he said is
the that trade is rampled upon and pIosper
by aweght taxation unprompted ami unnecessary nat
let us reach ont and provide t. What would BE II this
and mannaeture antiquities oT the bazaar Rome and
would equip skating rnk on he banks OF the rong hat
robbed the laborer a high rate of taxation
Weston Lewis State Arbitrator. of Boston. read letter
from Senator John Sherman who unavoidaby absent
National Banking system and stated that remedy had
been recommended by both Messrs. Knox and Cannon |
and was substantially Endorsed by the present Controller
but Congress has neglected. it.
Mr. Sherman, in the course OF his letter, said;
wOpS S a or Rt oa. 's s e any O S
banking only know Of none The attempt 70
in 1 "s OF the
TO definitely aps%er 3 ssaT
thousand million OF ned States bonds no.
IONS a5e not rceemabio for twenty years WIN di not the
National banks buy the Government was
nae Is that tel hey 1 on 70 bonds bearing
Ss oSn1 ena 81 Thought could
% o eSy n Ur Fl this OF the National
aS' ' pN.SS i
the United states bonds that could have been bought
Press e's n ae the sr@s existing bank
tie privilege issuing notes to the amount Of 90
be he en now remedy ssu for 0 5' %ps
s ss @ e notes. Si arr" a
w sSc%Ty Sp 1 MARLIN az @
per bond that does not vary except go up
a S '1 %%dr waSH Jaw
% T5' per aS SSn the nafset value the
the price Of the bonds may e. os 30 IG
this present law provides easily be made clear that
once
for b The Controller Oneouth OF the interest on The bonds
pDSd rs as n e % H" Se S to s e
this viii the existence OF The banks Ne
vond for twenty years me lDci easeu
circulation would Justify the purchase OF the BONES
even al the present Why has II not been adopted
by Congess9 1t strongly and ably recommended ny Nj
Knox Cannon. ana III substance IL not In Worus 10
reeomendei by the present. Controller IL is simply neg
Iects by other measures are hegecteu
hn an by the business men OF the United
states this provision and thus preserve ior
twenty years the benefits National BANKING system
hat ought 10 that period may well be lei 70
our SUCCESSORS. Wh the light oil our experience a e
the system, we can nope tnat they
viii be wise enough preserve and perpetuaiea hLancla
nolicy which has guided through Tile peins OF
and which has advanced our country 10 Tie
foremost the nations OF the word
The greater question OF how to abolish our vas. nn
10 appropriate III lot great pui
noses OF National development this Is now excng
tention Congress and the people OF the United sate
md we may Ope solved with wisdom and In spirit
OF regard L. party ties or sect ona am