New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-06-10
VISITS TO THE EXCHANGES.


THE WALL STREET DISTRICT
The Produce Exchange first visited by the
delegates after leaving the City Hail. There the
visitors welcomed in the Board room, by
President Henry D. McCord and ex-President Her
rick
In extending the freedom OF the Exchange to his
guests President McCord promised that It's MEM
bers would be found ready at all times 10 furtner
the success OF the mission which had brought them
10 this country. Mr. Herrck also spoke. and at
some length dwelt upon the advantages 10 be de-
rived from intimate trade relations between the
South American republics and the United States
'You also like our people" Mr.. Herrick re-
marked at one point ARE republicans. and you be-
lievc that Gods earth Is free to all men, III we
persevere In cementing the ties now existing be-
tween power on earth will ever dare 10 IN
terfere with the territorial right OF all their sister
nations. Commercial centres are intellectual CEN
tres and distribute ideas to the surrounding coun-
try. The South American trade for many years
has taken n European course, but IS THIS Wise!
Tho United States has taken the lead In manu-
featuring machinery. and now supplies all Europe
You know our machinery. but you Will also IND
that the same talent which has devised 1t has
produced other articles which as yet you are I'M
familiar with but ought to learn more Of. We are
a country Of railroads. and these extend from the
lakes 70 the Gulf OF Mexico / feel that the time
is coming when they will reach nnbroken from the
lakes Straits OF Magellan, carrying Dack ana
forth the product Of the Americas to tho
Americas"
In cordial terms representatives, OF the delega-
ton thanked the officers Of the Produce Exchange
for their courtesy. and the party then visited the
gallery and was escorted TO the floor.
Afterward the delegates were taken to the MARI
time Exchange where they were received by .Ptesi-
dent Hugh Kelly. At the Coffee Exchange worGs
Of welcome were spoken by President Henry llentZ
He Illustrated ihe changed conditions OF trade since
The great tea importing firm Of a. A. Low Co.
the senior member of which was the father OF the
DR. sident of Columbia University, and OF the great
fleet of clipper ships required to carry the product
of the gardens OF the East TO the people OF tnis
country. Mr. Hentz pointed out the marked dif-
ference that prevailed then as compared win the
business methods Of to-day, and quoted Seth Low
az saying that his father. clever as he was IN MS
own day could not possibly compete with the con .
dtions OF to-day. DR.. Fernando Mendez. OF no dc
Janciro, suitably replied. and the visitors nearby
pleased with the reception extended TO theni'
moved 10 tho Stock Exchange.
Arrived here they were at once conducted 20 tne ga
ery OF the house from which they looked down with
plainly expressed wonderment at the lively scenes
going beneath them The committee appointed
by the members OF the Stock Exchange took innnite
ing" For fully twenty minutes the Southerners
watched the animated opera ons on the floor. the
Stock Exchange being the only Of the exchanges
which did not suspend business In their honor Ihen
an adjournment to the Board room was made, where
President f. Eamcs delivered the customary well
coming address The response ntrusted to
Henry s Price. OF Colombia.