The Portland daily press., 1892-01-22
ELoQUENcE At THE HUB.
Boston Merchants Hear Of Their
Country's Prosperity.
OPENING OF THE NEW TEMPLE OF
TRADE CELEBRATED.

| A Letter From the President-Gov. Russell
Saws the Bay State Is Ready for the
Chilians-.Jolln Jay Knox on the
Achievements of New England Brawn
Trade Speech.
BosToN, January 21.-The banquet of
the Boston Chamber of Commerce at the
Vendome this evening in honor of the
opening of their new building was at
| tended by 400 members and guests.
President Lamont G. Burnham presided
Among those in attendance were Hon. S.
M. Cullom, chairman of the Senate com
mittee on interstate commerce, Hon.
John Knox of the New York Chamber of
Commerce, Hon. Rufus B. Bullock,
president of the Atlanta Chamber of
Commerce; Gov. Russell, Hon. Thomas
F. Bayard of Delaware; Mayor Mat
thews, Collector Beard, Postmaster Hart
and President Choate of the Old Colony
railroad. After dinner, President Burn
ham briefly introduced Governor Russell
who. in the course of his remarks, said
referring to President Harrison and
Ser retary Blaine: "Whatever measures
they may deem wise
To Maintain Our National Honor
will receive the undivided support Of
this patriotic commonwealth. Mayor
Matthews welcomed the guests to the
city.
A letter of regret was read from Presi-
dent Harrison, in whichh said: II am in
full sympathy with every movement and
with every organization having for its
object the protection of home and
/ foreign commerce and, in connection
with our national finances, safe,
| adequate and stable monetary medium
for the exchange which commerce i'm
plies"
Collector Beard was the next speaker.
When he had finished, Senator Cullom
was introduced and spoke upon the in
/ ternal commerce of the United States.
In his opinion, there should be depart
ment established for the sole purpose Of
| gathering statistics showing the condi-
| ton and growth of every line of bust
ness. He gave facts to show the won
derful growth of the country, and pre-
dicted that at the Columbian world S
| fair there would be demonstrated
The Most Marvellous Development
and progress in commerce and all that
makes anation great ever witnessed in
the worlds history. To adapt labor to
| the changed condition of business meth
ods is one of the great problems of to-
day.. in solution of which one of the
| first steps to be taken is to restrain cor
porations from the assumption of the
right of confiscation by eXtortlon and
| unjust discrimination.
Hon. Thomas F. Bayard followed. He
said in substance that by freedom of ex-
change only can we attribute to our
country it's wonderful advance in pros
perity The discomfort among our agri-
cultural population and the dangerous
remedies proposed for it's relief must be
carefully regarded. Among those most
| to be feared is the overthrow of our
present standards of value and
The Free Coinage of Silver.
at an arbitrary legislative ratio. The
currents of public taxation have been
running against our natural industries to
| the detriment of which artificial indus
tries have been stimulated and unjust
distribution of government aid is the re-
suit Being convinced" said Mr.. Bay
ard, "that the present rates of taxation
of imports are often prohibitory and, in
most cases, excessive, ] commend tariff
reform. l deplore the efforts at retalia-
ton under the misnomer of reciprocity.
hn r;rri,, sof A
| was the resistance to unlawful taXation.'
Ex-Comptroller John Jay Knox, repre-
senting the New York Chamber of Com
merce, spoke upon the commerce of the
great Northwest. He said: ''If you ask
me to give the reason for the growth of
those two cities, ST. Paul and Minneapo-
lis, which have so rapidly become pros
porous, I should answer that the men
who founded and peopled these two
thriving cities were
Chiefly Natives of Boston
and New York, of New England and the
Middle States. 1t is stated that the old
residents of Minnesota did not believe
corn, wheat and potatoes would grow so
far north, so they did noteven try to cul-
tivate the ground. When the New Eng
landers from Maine. attracted by the big
pine forests, and the New Workers, Bos-
tonians and others attracted by the pros
pect of trade and speculation in land,
Settled in that country, they soon found
the character Of the soil, its value and
productiveness. The state now pro
duces more good wheat than any other
like portion of land on the face of the
EARTH" Mr.. Knox gave statistics of the
output of the flour of Minneapolis and
the wheat production of Minnesota and
Dakota, saying that the latter equalled
the whole production of that grain in
New England and the Middle and South
ern States. Mr.. Knox said New England
had been
Sending Out Her Sons and Daughters
to the South, the West, the Northwest
and the Pacific, and these children did
not hide their talents in napkin, but put
out all the talents they had and bor-
rowed more and more from the old folks
at home, and put it out at interest. They
had shown themselves to be thrifty men