Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1899-10-11
hK|NLEY Talks TRADE
Speech by the President Before the
Chicago Commercial Club on
Prosperity.
Tells Of the Vast Increase in Bust.
ness and Hopes For Its
Continuance.
Other Distinguished Men at the
N1,S
Other Distinguished Men at the
Banquet--Party Leaves Chi
cago for Evansville.


Chicago, Oct. 1.-THE president was
the guest of honor at banquet given
by the Commercial Club in the banquet
hall of the Auditorium last night.
To meet him there had been invited
small number Of Chicago citizens. per-
sonal friends Of club members and
number OF the most prominent foreign
guests of the city. The cabinet officials
in the city and q number OF senator's
and congressman We're also present as
guests. Before dinner was served Mr.
Mckinley met the guests of the even
ing In an informal reception. He was
compelled to leave the hall, however.
at 8 o'clock to appear at the bricklay-
ers' meeting on the west side. His re-
turn to the banquet. shortly after ..
occurred before the menu had been dis
posed of.
The banquet room was decorated
simply with the flags of the three
countries whose Representatives were
present.
After the banquet short speeches
We're made by a number of the distin-
guished guests, including the president.
Among those who spoke We're Senior
|Mariscal, of Mexico; Sir Richard Do
bell, Of Canada; Secretary of State
Hay, Secretary Gage and A. G. Bart
lett. of the Commercial Club President
McKinley's address was the feature of
the evening. He said in part:
We have had wonderful industrial.
development in the last two years. Our
workshops never We're SO busy, our
trade at home was never SO large, and
our foreign trade exceeds that of any
Hike period in all our history. In the
| year 1899 we bought abroad upward of
| s697 100000 worth of goods. and in the
same year sold abroad Sl,227 100000,
giving a balance of trade in our favor
Of s560.000.000. This means more labor
! at home, more money at home, more
earnings at home. Our products are
carried on every sea and find market
lin all the ports of the world. In lSSs
| the Japanese government took from us
ISIS per cent of its total imports and in
1898 l4.51 per cent. We are the greatest
producers of pig iron and raise three
fourths of the cotton of the world. Our
manufactures of iron and steel exceed
| those of any other country.
THE growth of the railway systems
of the United Stares is phenomenal.
From thirty miles in 1890 we have gone
to 1s2 500 miles in 1897.
The system of reciprocal agreement
i with foreign countries. provided by the
3 traiff act of 1897 promises beneficial re-
suits in the increase of our trade in for.
. eign countries. Most of the conventions
Il already made await ratification before
il going into effect. but the first recipro-
4 cal arrangement. effected under the
third section of the act. has been IN OPP
a GRAFTON now over year. II is INTENDED
Il especially to cover some very important
products of the west and northwest
4 which are largely handled by the mer-
chants of Chicago. comparison Of
lthese exports Of the United States q
the years 1899 and 1855 shows an in
crease in one year OF reciprocity O
about is per cent in logs and lumber, al
Increase of over 200 per cent in eXpor
, bacon and hams, an increase of ll.b2 pc
, leent in the export of lard and its com
pounds.
We have also. my fellow citizens
made parcels post arrangement VIII
i Germany--the FIRST ever made betwee'
: the United States and any country i
/ Europe. II Went into effect October
. land permits the interchange throug
? the mails of all articles up to eleVe
. pounds in weight a the rate of IL cent
4 for the first pound and reduced rate
: lper pound for increased weights. Thi
has been the result of fifteen years G
: effort to reach such an agreement, bu