The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-05-03

AVsS hssli ana their guests OF the evening
enjoyed the banquet given az the Hotel
tadiiisc tonight IN Celebration OF the COM
pietfon and dsGication of the new De-
troit chamber of commerce. The guess
were welcomed by Rufus w Gillette,
president or the Detroft chamber OF COM
fnsrce. ex-senator Thomas w. Palmer
presiding happily as toast master. The
hrst toast was eioquently responded 20
oy the Hon. w. c. MayBury, OF Detroit.
ais subject was mo North. No South.
No East, No West but the Commercial
supremacy OF a Great Nation"
Hon. Chauncey NJ. Depew was intro
duced and spoke on The Union OF States
-tne Bond Of Commerce Is Their Mu-
euad Independence and Enduring Pros
psrlty. In opening Mr.. Depew said
that wfllie business men might differ po-
iHleaily, the various chambers OF com
nlerce considered only the questions af-
Iecuns commerce upon the recognized
principles OF commercial prosperity. the
immutable laws of trade. Thus II was
mat the commerce OF the United States
ls the ever-strengTheniBg bond OF union
OF the commemorative which constitute
the republic.
he referred 90 the necessity for the as
ISOLATION of interests Of capital and labor
~ sdld' There Is no more beneficeut
form OF association than those boards OF
are now established all over the country
mere should be a central chamber OF
commerce IN Washington City, IN which
eacn OF these bodies will have represen-
tAtlon-- When a business man becomes a
member OF oQngress the effort 10 spread
hlihseif over this great country seems to
SO thln mis- gray matter as 10 make him in
capable OF bringing to the business OF
the nation the same common sense which
made him successful al home. The most
remarkable illustration Of this Is the con-
gresS that has just adjourned. Instead
or relief We had babel OF propositions
which only added 10 the general confu-
sion. and made the day OF adjournment
Of congress a day Of national tlaanksgly-
inS. The national chamber OF commerce
would be a kindergarten OF commercial
and financial questions for the Instruction
OF members OF congress.
The speaker went Into details on the
freight rates of the world. showing that
In this country the rate Ter top was
only one-thhd that OF Europe. Contlnu-
Ing. he said.
"The internal commerce of the United
states makes our country the most won
derful market ever known. Our internal
revenue Is so vast that the sum of the
tarln OF Rome when she commanded the
world; of Genoa when she was queen of
the Mediterranean; of Venice when she
commanded the seas. are but a 5 Tivuiets
to the father OF waters
we will always avoid compllca tions In
European and Asiatic politics. but no for
eign power can exercise a hostile author
ity In Hawaii O. Central America. or In
Mexico or in any OF the sister republics
OF the western hemisphere without meet
ing with protest and resistance.
How are we TO preserve our prosperity
With confidence a business Of incalcuIa-
ble magnitude can get along with very
little currency; without confidence, there
Is not enough money in the world 10 con-
duct the business Of the United States
We have been at the bottom, and We are
on the upgrade OF prosperity. we should
have a revenue system 50 we'll defined
that IL could not oe disturbed except in
minor details, for a generation. While
not discussing the tsriT or free trade. we
should nave revenue system whieh viii
meet the requirements Of the government
and support II without direct taxation.
The United States IS debtor. na-
tionai. municipal. railway and individual.
TO the extent OF about fourteen billions
OF dollars. or this one~third T. held
abroad A well-defncd policy 10 pay
cur debts AZ IS cents or at ~ cents on the
dollar would lead to two thousand or
three thousand millions Of dollars OF orr
securities coming hume for US TO take.
The presentation Of Them iu our markets
would endanger the stability az every
hank, deranwo every exchange and par
alyEe every Industry in the United States.
There can be but one standard % value
and that Is a metal which viii bring the
ga me price whether X Is IN har OF has the
stamp 0f the government on II. 4 dollar
must be worth a hundred cents any
whore n the United States. and hun
dred cents auywhere in the world"
Hon James II. Eckels. comptroller n,
the currency rrsgrfnrsierl q. h. to-.
Currency" "a follows.
1T u impossible wsth8n the brief limits
81 a conventional after-dlnTer address n
do more than touch upon the sent trnert
which has Just been announced and Il,
which / am asked % respond I shall
therefore content myself BHh giving ex-
preston 20 such general views as seem
70 ma 30 Re pertinent 20 single phase ~
she currency question a Cd tnf4y engages
public thought and commands the peo-
nle's attention. I am sure all VIII agree
that & Is the most important Frosflara
with which the execfy,tve and legislative
branches e.f the government have now
20 deal. and. as such. demands thar thera
be brought 20 hear 90 It's sr'u-ton a s+a.es-
rnaushfp as wise as - Is patrsotle and as
honest as II Is wise. II involves too great
interests and Is too far-TesctiaE So fts
Effects 10 re considered from any other
atan.frpatnt than the desire 20 reach s,ir-h
results - fhis land. in which the wealth.
The happiness the aspirations - every
patrSotl, American center
Its discussion has been Hrceipita "a
a. a time when the country Is energfng
from a period u finaociai ami rrr1l.,r-
ciaI depression. widespread ard - long
continued duration. II nais every avenue
OF trade giving evt3ence % renewed a-stv-
ftv: mills and factories again ia orerz-
y{on. ard agriculture promising "a those
engaged IN fts pursuit ahaudsnt ha~vestz
and apprecsat ting prices. y presses f,self
ur,on the "a aborer. TOW 10 longer faie. hut
busv With the employment which has
oo-ra With the settlement oS quest ions
whtch have long vexed the pms
n, mind. ana after ample demon
sfra.fon - the ability oS ne
government - maintain unta1n+e1 The
pnhlt- ga&tn and tfls natiou's Crvsff- L
rsr,iar Salch circumstance. the cause ~
those who stand against she schemes pro-
ru,se4 - ri3 Ay means ~ }Aw = F~eerl@
f-,-,, making prysner payment - their
fus, 3 .htS and give taeu riches th-o szh
fsc.slaftve sction. cannot te s'1s,sin infri.
flfe experience. OF AIT monetary hls5erv
viii be reversed Il iris cou;est shall en1
.s1e~Uss> than ta fne trggm10a - th-ac
which Ia right in theorv and ssGud tn
-,~f7-ir,lA = WI - because tlss azne~ffeaR
f,s,s.s,1a laSt Tnnrn - tAat gas3 ssaaSe
ara honesty Which. a great Wratfr 0s-
.,7.re<a rhs44xa sometimes permitting An
go a ss.,vs fur something roag sSs1 ga4s-
- leysrrss always wsan the sanger asr.nf
- raarsle4 brings gerzn 3 mass - o7in'oi,S