Morning journal and courier., 1893-11-22
SYSTEMATIC ACTION NEEDED.

Secretary Carlisle at the Banquet of
the New York Chamber of Conn
Eerce-Presfdent Smith Denounces
the Act Excluding the Immigration
of Chinese to This Country.
NEW YORK, Nov. 21.-The 125th annual
banquet of the chamber of commerce at
Delmonioo's tonight wac attended by many
prominent men, and was one of the most
noticeable events in the history of that Or
gsnizstion. President Charles S. Smith
presided. Secretary Carlisls sat at his
right. At his left was Congressman Outh-
waite. Others at the guests tables were
Major General Howard, U. s. A; Rev. DIR.
Patton, president of Princeton college;
Hon. Carl SohurE, Controller of the Cur
rency Eckels, Rear Admiral Gherardi, the
Hon. Florence O'Driscoll, NJ. P, Horace
White, Bourke Cochran, William Walter
Phelps, Whitelaw Reid, st. Clair Nickel
way, Murat Halstesd, David NJ Stone,
Samuel D. Bsbcock and President Low of
Columbia college. There were FIVE tables,
presided over by members of the dinner
committee. Bouquets of roses adorned the
tables and the mirrors back of the guests
tables were drsped with the stars and
stripes and the flags of Great Britain and
France.
President Smith made the opening speech.
After some preliminary remarks he passed
to the consideration of the repeal of the
silver-purchasing act by congress and
claimed that . share of the credit for this
congressional action was due to the special
committee of the chamber of commerce,
which had done much toward creating q
healthy public sentiment on that question.
MI. Smith said that but for the wise, prompt
IS . ala r1,N
| house banks of the city the recent financial
| ruin and devastation would have been far
| more extensive and disastrous.
Mr. Smith referred to the legislation of
| congress, excluding Chinese immigration
| into the United States and the pronounced
| opposition of the chamber of commerce to
| the LEGISLATION. He asserted that China
| had taken far more of the products of the
/ cotton looms of The United States during
twenty-five years past than any Other
foreign country, and that the character OF
the Chinese merchants for honesty and fail
dealing would set an example to the world
II the American trade with China, ne ssid
should be embarrassed in the future b.
action of that government the fault will bt
our own.
Secretary Carlisle was then introduced
by President Smith, who said:
| HThe question of silver repeal, so recent
" decided by congress, was the most i'm
portant which had challenged the attention
of the country since the close of the civil
war. We are glad to welcome to our boarC
the secretary of the treasury, who, through
the long contest in the senate thew hi
great influence in favor of just decision.
Mr. Carlisle responded to the toast
Commerce Demands and the Honor Q
the Country Requires That the Obligation
| of the United States Shall be Paid in Coli
J Current in ANY Market of the World, an,
: That This Question Shall be Settled TO
/ All Time and Beyond Controversy" L
the course of his remarks he said:
: "Being the greatest silver-producin
: country in the world, and having on han
3 a large amount of silver coin and bullion
q the United States can not be otherWis
than deeply interested in every measur
/ designed to enhance it's value and increas
Q its use as money upon a safe and SCUM
t basis, but We can not alone maintain II
4 | unlimited coinage as full legal tender
t opposition to the policies of the other grei
r nations of the earth; and the country
g to be congratulated upon the fact that "
!, have at last placed ourselves In positio
!. which enables us to preserve our oW
: monetary system intact and exercise q p
q tent influence in any movement that ms
y be hereafter made for the permanent 81
justment of this very important and diff
= cult question.
It sit is great mistake to suppose that d
10 supporters of our recent legislation upc
l. this subject were animated by any feeliI
"a of hostility to the continued use of sily
r. as money to the largest possible exte
30 consistent with the stability of our Gu
II rency and the preservation of the publ
70 faith. The wisest and safest friends
D. that metal are those who have had t
T. ssgacity to foresee the inevitable effect
10 its continuous accumulation in the fol
D. of bullion in the vaults OF the treasul
as and the courage to remove from the statu
O. book an experimental law which from
a tune of its enactment was q constant me
be ace to the welfare of the whole country.
Up "All that Is needed now to insure
ok early Inauguration of an era of great pr
n perity Is such action upon the part of q
i'd and similar organizations throughout I
nd country as will inspire confidence and
II. vive the spirit of enterprise among I
at people. Now that our credit has bt
nd greatly strengthened and our currer
he made more stable and secure, an oppor
1t. nifty Ia afforded those who control {
lss commercial and industrial interests to
I'D sumo operations under more favora
Nd conditions than have existed for m,
1e- years, and am sure you will cheerfr
lth cooperate In any effort they may max,
I'm hat direction"