New-York tribune., 1900-05-09
our part 70 think that It

can equally 1899 of the
means means that there is very great possibility of
Lord Charles Beresford 1 think made a great
M ntlsIake when 1e entitled his book The Break Up
f % IN that country All that it. needs is
r5I s opead pe hdersecteG with raiiroads ana us
yelopment thar will astonsh the nations China is
piieable great portion Of it is very fat ali of it
Is densely populated The traffic is waiting for the
China has great waterways. 1t is lntersected by
allowed to get into disrepar. OF roads there are
none; those which exist are hardly worth the name
road. and of all the countries the face OF the
earth earth showing a good field for railway enterprise
When Lord Charles Beresford addressed you here
door Wen. the principles thar he then advocated
have since been adopted by the United States, a
wei as by Great Britain.
PRAISES SECRETARY HAY
Secretary Hay deserves the thanks of the trad
ing communities of the East for the action he
one He wants nothing for America that he does
not want with all nations trading with China. That
last: All ideas OF special advantages and special
appear like mists before the rising sun.
In thinking Of China's future, | take very DIFF
ferent view 10 those who speak of its breakup
As ] have said il is on the eve Of great deveI-
h2e-al in granting concessions for railroads and
mining rights | regret to say that the concession
tunities which have been offered them. They
have jumped over each other TO get concessions,
- Sc444 az No-i i''iie N--Li1 ~
pToper 5scaI adrinisfrsti"n resIiv fail 70 set
bounds upon the ma gnitude of Chinas trade.
No nation can be in the front ranks Of com
nerce by selling merely raw materials 1t must
be the product OF mind and brains that will sell.
This is a wide, wide scheme for the future. It is
tynastic and religious wars will come 10 an end.
80 -; ~; - 80, ma ~ h7IS IN i " % 49, 49, 1oI,5.
a-u u lS pI4Leclloi can any llils oe more
Die and in keeping with the common interests Of
should stand shoulder to shoulder and keep the
he las rTr1r1C No a
no i1ta~eIt m SIS betyeen S the Tntad states
future discussions which may arise we will be to-
might Of the two nations will never be exercised
except in the cause Of right. Night without right
might, properly exercised. must be a blessing to all
mankind
BISHOP POTTER SPEAKS.
Bishop Potter was greeted with round after round
Of applause. He said in part;
confess to considerable embarrassment in speak
ing at this dinner tonight ana in the presence OF
honor. but recently returned from China: where
Aau d SoEIt",iat EtIiTI eAleI IN ~
Hong Kong and Shanghai Banking COMPANY me
processes OF that banking institution impressed me-
China somewhat mystifed
I carried TO China letter of credit. giving the
transacting business. I discovered, however, that
in all the transactions in connection with the letter
Of credit no matter what / migh- have thought
about its economy or otherwise beforehand. came
out OF every transacton with less money than
home a Sadder but = wiser NO doubt
there underneath it all equity not tnteli-
gible my uneducated mind NaughterD
the nations Of the East is in observing an equity
in all her commercial dealings. Sir Thomas Jack
portance Of the doors which are being opened on
pes 6 81 re6re1 ne % q9 T vou 5g men here r tenief
China Is distinguished above all the nations Of
founded on scholarship. a nation whose aristocracy
is founded scholarship is. sooner or later, no
matter how much her horizon is be widened
sure to have great future. (APplauseJ
CHINESE MINISTER WELCOMED.
The applause which greeted WI Ting Fang. the
Chinese Minister Washington indicated that he
most welcome guest He said in part:
It is great surprise TO me to be invited TO speak
you tonight. 7 had been informed that the
dinner was solely to do honor to our distinguished
was glad to lay aside my official duties ana TO
to me TO have the opportunity TO respond 70 toast
be broken up. but am glad that Sir Thomas Jack
son stands here tonight 10 deny that unfounded
centuries, and has withstood many storms and ag-
gessio5 % aRa 54e Is & sun @ gnina 9 dn @ mis-
great Nation exists. CApplause)
is an all around good man. As your president has
said, he is one OF the abest managers Of the great
bank he is connected with For domestic reasons
several years ago Sir Thomas resigned his mana
Scn He was no sooner gone than his absence be
gan 10 be felt business began 10 get bad az the
20 down daugbterJ Then the directors decided
feelings and resume mis- connection with the bank
Gentlemen. no sooner did he return than the
shares began 70 20 up. Q.aughteTl WY WI WI! Il
give you a tangible clew TO the mystery II was
an on account Of Sir Thomas, he master Of the
great founder but ne IS also a pillar OF the bank
Being a Chinaman, ! nave this presenr1ment;
great success ne must be lucky. Great laughter
and appIausel purely lucky man without talent
and has good luck as well that is the kind a
man you waRt daughter @ and a aPplagI5i99 m sGIi9s b vii,
nope LnaL dIter ne mas Nd4 ms ueiltaE Nc VII
60 back TO China and resume his place n the
bank. 7 hope so for selfish reasons. for. gentle
men I happen own few shares in that bank
myself. Great laughter) II he goes home for
fear 7 shall have to sell OUT my shares Laughter
Thomas possesses is greatly needed IN the imperial
service OF China to manage our finances but /
joining the Government service. hope he viii
60 back TO Hong Kong and spend more happy
years there and Il his successor Is chSen hope
the coming VIII be like Sir Thomas. ZAP
plause)
PRESIDENT LOWS REMARKS.
Before introducing President Seth Low Of Coum-
bia University the presiding officer gave brier
sketch of the house of A A Low & Bro and
short review Of shipping of the old days before
vessels were made of steel. President Low. after
referring in a tender manner TO his father, who
was one Of the pioneer American merchants in
China, said:
The man who welcomed my father and coun-
sed him S5 a5 yGgns on sonehf w anna htereeJ as 994 Fact
that Of the memorial buildings on the grounds
of Columbia University one is a memorial TO John
c Greene and the other 10 A A Low
Mr. Low paid the highest OF tributes TO the Chi
nese. on account Of their bushes sintegrity, and
told or how an old Chinese merchant had sold 10
his father L3T NJ & S2Fs9 word 91 [s of boR6F Wl5h d ho
pending on the sale OF the tea IN TINS country 2y
ION OF the Low fortune. AS a mark of honor and
gratitude A A. Low named his first clipper ship
the ship is to-day one of the most highly priced
treasures left by the elder Low L3g,.,.o ,,,,ars -