New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-02
COMMERCIAL EXPANSION.
POSTMASTER SMITH SPEAKS
TO BALTIMORE BUSINESS MEN.

Baltimore. Feb. 1.-Postmaster-General Smith
and General Nelson A Miles were the guests to-
night of the Merchants and Manufacturers Assoc
citation of this city at its annual banquet at the
Hotel Rennert. The list of speakers and the toasts
to which they responded follow:
''Our Association and It's Guests" General Lloyd
L. Jackson. president OF the Merchants and Manu-
The city Of Baltimore" Mayor Thomas G.
Home Development and Commercial Expan-
sion.' ostnlaster-Cieneral Smith.
Military Service Of Our Country" Major-Gen-
0q6i'Sn Of AmeTica ar oF Fad Con-
GnJsd States Of America IN the TWsndeth
Two Chief Industries of Baltimore Congress
man ar Francis w Cusnman: OF washington; ILL., /,
Behalf Of Commercial Expansion" Isaac L. Stratus.
of Baltimore.
Among those present were Senators Louis E.
McComas and George l. Wellington, of Maryland;
Congressman Frank c. Wachter and James W.
Denny. of Baltimore: Congressman Jonathan P.
Deliver of Iowa; Congressman David H. Mercer,
of Nebraska; John X. Coweu, president of the
baltimore and Ohio Railroad Company; John H
Hood president Of the Western Maryland Rail-
road Company. and John Shelton Williams. presi-
dent of the Seaboard Air line.
Postmaster-General Smith spoke in part as fol-
lows:
Our country stands pre-eninent among the in
dgstrial Powers of the world. The American policy
Whlcn, wish only single brief break, has been
ham Lincoln became President. has brought us to
a position of manufa curing supremacy which is
uhrNaied and unapprOached. We first made good
our second declara ion of independence. We built ur
our own Iorges and factories and mastered
LnarkttS. ana now, when We have fully possessed
ourselves or our own domain. ready 10 20
OUT INTO the markets of the world.
III tIie prosecution of the policy of commercial
expansion the next great step is the DEVELOPMENT
OF d merchant marine. If we would successfully
larry on the work which have entered upon
we must carry our products in our own ships We
nave ttcnieVed industrial Independence nd We.
must, IN ilke manner, gain commercial independ-
SlICe.. MS IS an essential part of the CoInpre-
heltSlVe National policy which is required to com
pete our nome development and fulfil our mani
resi- desuny we are paying nearly $500 900 900
the ocean That great should go 10 our own
people, and 1t should be deliberate and stead
last national policy to create powerful merchant
navy WhlCh shaI carry our flag every sea which
Shail seek new fields and cultivate our foreign
trade and which shall crown our acknowledged
sured commercial supremacy.
Inc requirements of our Industrial position COM
pei US 10 enter upon commercial expansion. With
our unparalleled capabity of production with our
farms and FORCES and factories turning out more
than we can consume with our matChIess fnventfvp
ultouChed resources which must in the future nut
us still further in the lead of all Powers we have
only one or two courses before US Either We must
matt our growth. limit our production, bank our
nres ana stop our sptndles. cUrtail our labor and
restrict our capital with all that this involves or
| We must ma broader markets and expanded con-
| sumption There may be cost in this ocean
wide extension but IS there greater cost OF loss
| IN a paraIyzing restriction There NAV be some
| perplexities in this policy OF commercial exp:
| sion, out are there not greater perpIexties and
| dangers In policy OF industrial contraction1