Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-10-11
LAST DAY IN CHICAGO,
CONTINUED FROM FIRST PAGE)

CONTINUED FROM FIRST PAGE)
over 900 were present tonight, but they
comprised the men most prominent in
the commercial life of Chicago. Cyrus H.
Mccormick presided. and in his opening
speech announced that while, ACCORDING
to the usual custom Of the CLUB, there
would be no toasts, a list Of speakers had
been prepared OF whom the first would
be the president. Mr.. Mccormick made
a very neat speech, introducing the PresI-
dent, who spoke as follows:
EVIDENCES OF PROSPERITY.
II congratulate you. gentlemen, upon
the growth and advancement OF your city
and the evidences OF prosperity every
where observed. Nothing impressed me
more I'm looking into the faces Of the
great multitudes on the streets yesterday
than the smiling, happy faces OF the peo-
pie That was evidence 10 me or your
real and substantial prosperity. Ii meant
steady employment. good wages happy
homes, and these are always indispeAsa-
BILE 10 good government and 10 the happl-
ness OF the people
"Wa have had wonderful Industrial
development In the last two years. our
workshops never were 30 busy; our trade
at home was never so large. and our Tor
oign trade exceeds that Of any Ike period
in all our history. In the year 1879 We
boueht abroad upward Of S69IVoVW
worth of goods. and in the same year
sold abroad 81 IN. 10000, giving a balance
~ trade in our favor OF over >JO'OvVO'
'rhis means more labor az home more
money az home, more earnings Al nome
Our products are carried on every sea-
and ind a market IN all the ports or the
world. In 1855 the japanese GoVernmsn.
took from us $50 per cent. or us tolal
ir,ports and I'm 1898 l4.ji per cent. we arg
he greatest producers or plg-roh' IN"
,aise three-fourths OF the cotton 81 me
world Our manufactures OF iron 'nn
steel exceed those Of any other country
"Thc growth OF the railroad system
az the United States Is PHENOMENA
From thirty miles IN 1850, we nave So
- 80 eco miles I'm 1897. The system OF
reciprocal agreement win Ioreisn 80
,r,e. provided by the tariff act or 1871
,ror,fses beneficial results in the increase
- our trade in foreign countries. Mos.
~ tho conventions already mace a"al.
,-ifcation before going into erect p"1
tbe first reciprocal arrangement uiu0I
tho third section OF the act mas pes" III
eperation now over year.
sHIP-BUILDING
"our shiu-buildlng has been greatly III
iced For the first time In all ou1 n1s
,orv the tonnage OF our steam Neses's
:, l,c6ed an June lat the tonnage Oh an
c,,r sailing vessels barges, ana al
craft our ship-buildng plants are
ms. ENLARGED. and new estaDilsiiiii1 '''S
rroIected. There is no better t,ihc ,iiSi'
The present, therefore, WIN al ,'tcS
favorable conditions, ana o1ne's -" ,he
In suggest themselves TO YOU LOT ths
development of po"ellu' i'e' 0''''''
marine .a,,o,s Ia, raa-
.o. of our new possessions make MS
80. avon more commanding than IL has
- been American shipping under INC
,r,arican Aag should be found IN an
,,,s and our trade must go Wherever
49, aao goes Our internal commerce
has ven exceeded the growth OF our Out
ward commerce -.,,,,,, Ii,es
"our railroad and transportation INES
,,e,.sr were so crowded, Wnlle our pui'u-
ers OF cars and engines are uhaple !"
ail the pressing orders, mace
nv the Increased traric. We nave e'sis
,birg gentlemen. 10 congratulate our
Lies on as to the present condition OF
IN country. The only fear | nave ever
Ma IL that we might OverdO Il and thal
reallv we were not exercising tnat CON
serve,isn which IS 50 essential 20 SUP
stan,ial business. You would douDtesS
disogree with me az 10 this fear. aud say
n yvas groundless. but the boundless pros
neritv we have had IN the last year ana
: half has made me fear that Ne might
be OVERRIDING the business OF the country
BUSINESS on SOUND BASIS.
Il trust / am mistaken, and am lolu
..rfa.
I,,si,sss 81 the country rests on a sub
stantial basis. and that YOU are really
only making what there - market
for and as long as you DO that OF course
,-ou are doing ii safe business. and our
markets ere going TO increase. iAppiause)
"Our products are going into every port
~ The world and the reason Tor ~ ~ that
We make the best products ana we IN
dersell everybody else In the world. lhat
is the only reason for H.
Il am glad 20 welcome the representa-
tive OF Mexico and the representative Oh
the Canadian Government In this city
and in our country tonight. and | thank
you all
Following President Mckinley, Mr.. Me-
Cormick introduced Vice-PresiGent Maris-
cal. OF Mexico. who told Of the good work
President Diaz has done for that country.
SECRETARY HAY.
Following vice-President Mariscal. Sec
retary-of-Stete Hay was introduced.
Nearly every member OF the Cabinet Win
President Mckinley had made an ss
dress. except Secretary Hay. His speech
dwe,t entirely upon the welcome which
Chicago had extended 10 the visitors at
the Fan Festival. and kindred topics.
A Fortune for Converse College.
DOT. IA
Converse. a large mill-Owner OF Spartan
burg who died week ago. left one third
OF his estate valued at fJ01.Oo0, 10 Con-
verse College. an institution for the
higher education OF women, founded by
him In Spartanburg ten years ago.