The Saint Paul globe., 1897-06-08
C. p. MOVES PRESIDENT.
Chamber of Commerce Elects Him
Unanimously.

Without a dissenting voice, the
chamber Of commerce yesterday elect
ed it's officers as follows:
President, Charles P. Noyes; first vice
president, William H. Lightner; second vice
president William B. Dean; secretary, A. S.
Tallmadge; treasurer, John A. Stees.
A resolution introduced by N. P.
Langford condemning the expenditure
OF $4,000 for new. elevators in the city
and county building, was passed under
suspension of the rules.
President Peet delivered his farewell
address, in which he said, among other
things: ~ s-7-'- -ras,-~- 49,
In reviewing the transactions of the cham
Der during the year now closing 1 am re-
minded first Of the able and interesting re-
retirement from the presidency. While the
prosperity so confidently predicted by him
has in many respects not been realized, the
chamber and the city can congratulate them
selves upon somewhat improved condition
Of affairs, Notwithstanding the special dis
asters that have befallen the financial in
terests of the city. No" one is so pessimistic
as to believe that the universal depression
that has existed so long will continue for
ever, and therefore the lapse of one years
time has brought us that much nearer to
tho prosperity which we all hope for and ex-
pect, and we must all admit that some prog
ress has been made in laying the foundations
for the rebuilding of the superstructure of
legitimate and prosperous business. False
theories, exaggerated ideas and erroneous
principles have been swept aside, and this and
all other communities have come to a realz-
ing sense that true and permanent prosperity
must be founded upon conservative and cor
rect business principles. An undue initiation
Of values of property OF all kinds, a too
rapid expansion of growth and too great ex-
tension of credit have been demonstrated by
our experience to be an evil rather than a
benefit, and we have learned that for solid
prosperity there must be the foundation Of
actual worth, real and bona fde capital and
conservative and honest business manage
ment in all departments.
Mr.. Noyes, on taking the chair va
Gated by President Peet, said the retir-
ing president had presided with such
distinguished ability and exemplary
faithfulness that he felt it would be
difficult to maintain the high standard
placed before him. Nevertheless he
should serve the chamber with such
ability as he could command.
E. S. Rogers offered resolution di-
recting the president of the chamber
to appoint special committee of five
to act jointly with similar committees
Of the Commercial club, Jobbers' un-
ion and Retailers union to settle the
street railway differences. These diff
ferences were of so serious nature
that it was time the citizens of the
city took UP the matter. This question
of the Selby avenue line was compli-
Gated, said Mr.. Rogers, with the Broad
way loop and the union depot line. The
many indictments which had been
found against prominent people, the
troubles of the school board and the
street railway differences with the city
all had the effect to throw a wet
blanket over the community and more
than that, these things were working
harm. The chamber had done much,
dealing often with outside matters of
national and international consequence.
and now it should devote itself as we'll
to the settlement of these home ques-
tions. 1t was high time that st. Paul
put herself in condition to compete
with her rivals, Kansas City, Omaha,
Denver, Minneapolis and Duluth, so
soon as the wave of prosperity came.
To this end they should hasten to
settle these practical home questions.
The resolution was adopted
The president appointed Messrs.
Peet and Murray to draft an invitation
to the grand lodge of United Workmen,
in session in Milwaukee, to hold it's
next session in st. Paul.
The special topic of the morning, the
charter, was not brought up.