St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-05-03
A BUSINESS HOME.
Detroit Celebrates Compile
tion Of New Chamber of
Commerce.
ELABORATE BANQUET HELD.
Exceptionally Able Discus
sion Of Commercial
Questions.
DEPEW ON UNION OF STATES
Eon. James H. Eckels Dis
eusses "Currency"--Oth-
er Toasts.
ELABORATE BANQUET HELD.
DEPEW ON UNION OF STATES

DETROIT, Mich, May 2.-Up-
wards of $50 leading business men
of Detroit, with their guests OF the
evening, enjoyed tie banquet given
at the Hotel Cadillac tonight in cele-
bration of the completion and dedi-
cation of the new Detroit chamber
of commerce. After upwards OF an
hours discussion of the elaborate
menu, the company listened to eX-
cept!onally able discussions of sub
jectS of interest to the commerc;ai
world by representatives of leading
business and financial interests of
the country. The guests were well
coined by Rufus w. Gillett, presi-
dent of the Detroit chamber of COM
merce. Ex-senator Thomas w. Pam
er presided happily as POSTMASTER.
The first toast was eloquently re-
sponded to by Hon. w. G. Maybury,
of Detroit. His subject was mo
North, No South, No Eas., No West;
but the Commercial Supremacy of a
Great Nation"
Commerce of the Inland Seas"
was responded to by Harvey d.
Goulder, counsel of the Inland Car
rieI5' association. After citing the
progress of the Great Lake traffic as
compared With that of other water
ways, he, in closing, declared 'that the
Detroit chamber of commerce was
looked to as the concentrated en-
ergy of Michigan, in behalf of the
lake traffic, in which Michigan is 50
especially interested.
Hon. Chauncey NJ. Depew was ten
introduced, and spoke on THE Union
of States-the Bond of Commerce Is
Their Mutual Dependence and En-
during Prosperity"
In opening, Mr.. Depew said that while
business men might differ politically, the
various chambers of commerce consid-
cred only the questions affecting COM
merce upon the recognized principles
OF commercial prosperity the immuta-
BILE laws of trade, saying: THUS it is
that the commerce of the United States
is the ever-Strengthen ming bond of union
of the commonwealths which consti-
tute the republic" He referred to the
necessity for the association of inter
ests and capital, and said: There is
no more beneficent form of aSSocia-
tion than those boards of trade and
chambers of commerce which are now
established all over the country. They
are the sources of commercial and ma
tlonal union in a republic. Ii time
there will be a central chamber of
commerce in Washington, in which
each of these bodies will have repre-
Sentation. When a business man be-
comes a member of congress, the eff
fort to spread himself over this great
country seems to so thin his gray mat
ter as to make him incapable of bring
ing to the business of the nation the
same common sense which made him
successful at home. The most re-
markable illustrate of this is the
congress that has just adjourned. In
stead of relief, we had a Babel of
propositions which only added to the
general confusion, and made the day
of the adjournment of congress a day
of national Thanksgiving. The national
chamber Of commerce would be a kim
dergarten on economical and financial
questions for the instruction of the
members of congress-" The speaker
went into details on the freight rates
of the world, showing that in this
country the rate per ton was only one
third that of Europe. Continuing, he
said: '"The
INTERNAL COMMERCE
of the United States makes our coun-
try the most wonderful market ever
known. Our internal commerce is sc
vast that the sum of the traffic 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 as
rivulets to the Father of Waters. We
will always and must always avoid
complications in European and Asiatic
politics, but no foreign power can ex.
ercise a hostile authority in Hawaii
or Central America, or Mexico, OF
sister republics of the Southern hem
isphere without receiving from us pro.
test the resistance. How are we tc
preserve our prosperity? With con-
fidence, a business of incalcuIablc
magnitude can get along With very lit.
tie currency; without confidence there
is not enough money in the world tc
conduct the business of the United
States. We have been at the bottom
and we are on the
UP GRADE OF PROSPERITY.
We should have a revenue system sc
well defined that it could not be dis
turbed except in minor details for {
generation. While not discussing tar
If or free trade, we should have {
revenue system which will meet the
requirements of the government an(
to support it without direct taxation
The United States is a debtor, ma
tional, municipal, railway and indi
Vidual to the extent of about fourteen
billions of dollars. Of this, one-thir,
Is held abroad. A well-defned polio,
to pay our debts at 70 cents or at :
cents on tic dollar would lead to tYt
cr three thousand millions of dollar
of our securities coming home for II
10 take. The presentation of them il
cur markets would cndaIgcr the sta
b!lity of every bank. deranGc ever,
exchange, and r;lcaly-ze every Indus
::y In the United States. There ca
be but ore standard of value, an
that is metal tia: will bring tn
Earae Price wlieti:cr it is in bar or ha
the stamp ct tlie government CPpn II
n dollar inust be worth a hundre
cents anywhere in the U:ited States
and a hundred cents any where in tn
wcrid."
'crhe Effcct Uron Commerce Of Tool
Ing by Transportation Lines" was re
yponded to by George r. Blanchard
commissioner of the Central Trafi
association.
Hon. O. D. Ashley. president of tn