The age-herald., 1898-01-28
Emory Smith Ursed a Strong Effort to
 Enter Foreign Markets.
SEARCH REELECTED PRESIDENT
Question of Taxation of Foreign Corporations Referred to a Committee The Assoca- ton Will Meet in Cincinnati
 Next Year.

New York, Jan. 27.-The third annual banquet of the National Association of Manufacturers of the United States, which took place tonight at the Waldorf-Asto- ria hotel, was one of the largest and most elaborate affairs of tk, kind ever given in this city. One thousand guests were seat ed at the tables
 The banquet hall was magnifcently dec- orated, the tiers of boxes being draped with silken banners. The presidents flag was suspended over the head of the table from the presidents box. President Me Kinley, with the committee of thirty-six marched into the hall, the band playing "Hail to the Chief"
 At 10:3O o'clock Warner Miller trapped for order. MT. Miller then introduced Theodore c. Search, president of the asso- citation, who spoke briefly.
 Mckinley Wildly Greeted. The widest enthusiasm prevailed when President Mckinley was introduced. He spoke slowly and was plainly heard in every portion of the hall. On the financial question President Mckinley said:
 "There is duty resting upon the na- tional government: 'To coin money and regulate the value thereof The duty re- quires that our government shall regu- late the value of it's money by the high est standards of commercial honesty and national honor. The money of the United States is, and must forever be, unques- tioned and unassailable. Nothing should ever tempt us-nothing will ever tempt us ito scale down the sacred debt of the na- tion through legal technicality. What ever may be the language of the contract the United States will discharge all of its obligations in the currency recognized as the best throughout the civilized world at the times of payment Nor will we ever consent that the wages of labor or it's fru- gal savings shall be scaled down by per- hitting payment in dollars of less value than the dollars accepted as the best in every enlightened nation of the earth Should Be Settled.
 "All those who represent as you do, the great conservative but progressive business interests of the country, owe it not only to themselves but to the people to insist upon the settlement of this great question now, or else to face the alterna- tive that 1t must be again submitted for arbitration at the polls. This is our plain
 
 fifteen months ago won a great political battle on the issue, among others, that the United States government would not per- init a doubt to exist anywhere concerning the stability and integrity of it's currency or the inviolability of the United States obligations of every kind
 International Bimetallism. "We are unalterably opposed to every measure calculated to debase our currency or impair the credit of our country. We are therefore opposed to the free coinage of silver except by international agreement with the leading commercial nations of the world, which we pledge ourselves to pro- mote and until such agreement can be ob- tained the existing gold standard must be preserved. All our silver and paper cur rency must be maintained at parity with gold and we favor all measures designed to maintain inviolably the obligations of the United States and all our money, whether coin or paper, at the present standard. the standard of the most en- frightened nations of the earth" Charles Emory Smith spoke at length on the commercial destiny of the United States, which he predicted would in the coming century peacefully dominate the markets of the world.
 Bid for Foreign Markets.
 This international work accomplished, it was our next step, the speaker said, to make a bold bid for the foreign markets of the world. The means are within our reach. merchant marine which shall re- veal our early prestige on the sea, navy to command respect for the voice of our authnrjtv commercial Mnes which shall run direct to pivotal points and the Isth- milan canal, under exclusive American control which shall be the focus of con- tinental trade, gives us a practically con- tinuous coast line and open to our trade the markets of the 7O,OOO, ,OO0 people of South America and the 5OO,OOO,OOO of China.
 Fry Created Rumpus.
 Senator William P. Frye of Maine, who was introduced as one of the greatest friends of the merchant marine, made a brief address,
 Senator Frye said the value of the Hawaiian islands was s39,oOOO0O and that Americans owned 1t. American ships car- ried the commerce. valued at $23. GOO. He said that if the treaty was not ratified in less than one year the islands would be under British protection.
 This was met with cries of "No" Much confusion followed. He asked the guests to exercise their influence with the senate to have the treaty ratified. There were cheers and cries of mo" as we'll.
 Will Meet fin Cincinnati.
 New York, Jam N.-The third and lslt day of the National Association of Manu- if