New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-25
MANUFACTURERS IN SESSION.
THE ENLARGED AMERICAN MARKET
CONSIDERED.
ANNUAL ADDRESS OF THE PRESIDENT. THEODORE
C. SEARCH. BEFORE THE NATIONAL Asso-
CYAToN-wEICoMED TO CINCINNATI
BY GOVERNOR BUSHNELL AND
MAYOR TAFEL.

Cincinnati Jan. 24.-The fourth annual conven-
ton OF the National Association OF Manufacturers
began IN odd Fellows Temple at 1880 a. M TO-
day. With a large attendance. The convention Will
be I'm session until Friday. and it is thought that
most OF The twelve hundred members Will attend
The session to-day devoted 10 routine busl-
ness. after the welcoming addresses OF Governor
Bushnell and Mayor Tafel and tho response by the
president OF the association. Theodore c. Search OF
Philadelphia.
Af,er the preliminary speeches President Search
read his annual address. In the course Of it he
said.
Within the brief span Of single year our Nation
has been thrust suddenly into war ano as the re-
suit thereof has been called upon 10 race proo-
lens involving entirely new elements IN our pO
htcal organization our war WIN Speh have ~ be en-
righted. but our task. instead Of being comp'e'eu
What shall be done with new-found posses
sions? is the problem that now presses IoiWaI1 Ioa
solution. With the exception OF Cuba. with whose
conditions We are measurably familiar the COM
mercia value OF our newly a59urea, ST'I rom
purely commercial standpoint our business htei-
& hsye SgR o hs in the
whatever may be the future disposition Oh THESE
people aud Ihcr land ..a.on,on, ann,,es equally
well eli 70 'i he isiand Of Porto Rico.
SERIOUS PROBLEM IN PHILIPPINES.
In the far Pacific however. there is serious
problem which successful conquest has thrust upon
us The Philippines. with their ten millions OF peo-
a
goods While buying from them about SoVVVVW
worth Of their products. We nave beer. ape 60 S1i
70 them less than twenuelh part OF 'a' , E1iu T.,
From all accounts the fhlippines are as i a. an III
resources the West Indies. but lacklns III Ge-
sne capacities so vast ali area, however, ana SO
great population offer possibilities Of which the
are those familiar With both sides Of this problem
who 90 not hesitate 10 declare That from puIey
become not lar hence Of more consequence than
he West Indies Re this az II may ii stu seems
hat ic
Inercs Without attempting TO express opinion
torial expansion feel moved 10 remark IN passing
that this Nation is not accustomed TO fall In any
thins It undertakes. .,..
The great foreign trade movement. which re-
ceived lis most powerful impetus three years ago
continues with unabated activity. Again the sta
OF foreign business that has ever been transaGtsd
The exports for the year ending June 80 lSS'
American ne nanufaetures in the last hstai year
amounted 10 40, total greater by W.
tOooo0 than ever previously recorded
IMPORTANCE OF NICARAGUA CANAL
Interest In the construction Of the Nicaragua
Canal has been stimulated powerfully by the Incl
dents OF the late war with Spain, and by the
commercial expansion OF the United States which
heretofore advanced in behalf OF the various inter-
oSesn'c GSS1 c6srncter but. While the I'M
portance OF a canal from purely mercantile stand
point has in no way diminished the political and
strategic value of q waterway across the Central
American isthmus has been increased enormously
IN the last few months
We are not called upon TO determine the rights
Of the parties to the controversy nor are we asked
pass upon the technlcalities OF route. cost and
enginesrine 1t seems highly proper. however. Tor
us as business men TO give clear expression TO our
belief IN the commercial necessity OF canal across
Nicaragua. and our conviction that, whether
constructed by private corporation or by FUNDS
supplied by our Government, the canal should
first last and always be ar American enterprise.
and under the control of Ngynted States. With
our new possessions in the faf East we need now.
as never before, a way of quick communication by
water between our Atlantic and Pacific coasts. In
the Orient the largest undeveloped markets Tor
our products and our growing trade there demands
a better and cheaper means of transportation than
our transcontntntal railway lines AFFORD. The mill
ions which a Nicaragua Canal would cost would
he well spent II devoted TO such an end by our
Federal Government.
IN addition TO the appointment Of the commit
tees Credcptials. Kesofftions and Nominations
there were special committees appointed. 10 which
were referred different parts Of the annual report
Of President Search and other officers. These com
of President Search and other officers
The entertainment tonight included an informal
smoke. and vaudeville at the Scottish Rite Cattle
dral: tomorrow night a public meeting will be
held with addresses. and on THURSDAY night re-
cepton and dinner at the Grand Hotel.