The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-11-14
Thinks Time VIII Come When All Ma
Denominations of Money.
BANQUET TO FOREIGNERS
AT WHICH THE TREASURY SECRE-
TARY AND OTHERS SPOKE.
Features of an Address Which GEN.
eral Young Had Prepared for De-
livcry-Army Defended.

WASHINGTON. Nov. lS.-A banquet was
given at the Arlington Hotel tonight in
honor of the representatives of foreign
commercial bodies who came 20, America
to attend the dedication of the New York
Chamber OF Commerce, and who arrived
in Washington from the metropolis for a
short visit to-day. In addition 10 the
foreigners there were present Secretary
Shaw and Postmaster General Payne OF
President Roosevelt's Cabinet. Admiral
Dewey, Generals Corbin, Young and Wood,
members of the diplomatic corps, and local
business men.
The table was set in oval-shaped form
and was decorated in large yellow chrys-
anthemums and American Beauty roses
Mr.. A. Barton Hepburn, the chairman of
the committee on reception of the New
York Chamber of Commerce. sat at the
head of the table with Ambassador Cam
bon, of France, on his right, and Ambas-
sador Herbert. of Great Britain, on his
left. while to the right and left of the Am
bassadors were seated. respectively, Prince
Pless and Count Quadt. of the German
embassy. Mr.. Hepburn introduced the
speakers. among whom was Leslie NJ. Shaw.
secretary of the treasury.
Mr.. Shaw said in part: Speaking for
that department which is supposed more
than any other to represent the business
interests of the Nation. take great and
peculiar pleasure in bidding welcome to
the capital of the greatest American re-
public representatives of so many of the
leading commercial nations of the world.
Cue = her hoa m
impossible century ago. In the creation
of sentiment rendering this event both
natural and agreeable and in the evolution
OF conditions making international ban
quets possible commerce has played most
important part"
The spread OF intelligence and the pru-
dence of commerce. Mr.. Shaw added, were
making for international peace, and con-
tinuing he said: The consent of rulers to
engage in wars involving the expenditure
Of well-night limitless blood and treasure
has not always been difficult to obtain.
Statesmen have not always trembled as
they have declared war and made appro-
priations for its maintenance. But COM
merce trembles. 1t counts the cost. COM
merce is not wanting in ambition. but it is
never ambitious TO squander the accumula-
tons of centuries in rebuking the injury
of a day. And so, gentlemen of the Cham
Der of Commerce of the Empire State,
our hosts, and distinguished guests from
foreign chambers, L felicitate you all and
thank my God that the day has come
when nations shall no longer war without
cause, when great nations are no longer
looked upon as threatening the peace of the
world and when ornaments and fortifica-
tons have lost much of their terror.
NEVER SO PROSPEROUS.
1.-The people represented by our hosts this
evening were admittedly never as prosper
Gus as now. And, naturally, their con-
sumptive capacity has increased with their
ability to supply not only their needs. but
also their desires. And so il is that the
United States was a larger consumer OF
foreign products during the last fiscal year
than ever in its history. The universal
recognition of the great truth that the good
fortune of one class of individuals ever
rebounds to the advantage OF all, and the
prosperity of the people Of any one coun-
try ever benefits all nations, would be OF
inestimab BILE advantage to the world. But
IL this principle shall ever be universally
recognized, commerce must be the school
master and chambers of commerce Kinder
gartenS of instruction.
81 have met within the last few days dis
tinguished representatives of foreign cham
bers of commerce and listened to eloquent
speeches from their lips In the current
language of this country. In some instance:
this was not their mother tongue, but they
found ii TO their commercial advantage
TO educate themselves tneTeln- L 90 no
know that miracle of Babel will ever be re
versed, but if il shall be, the convenience
of commerce and not the fear or floods
will be the occasion. do not know tina
the world will ever adopt uniform stand
ards of weight and measure. but 1 an
convinced that such course would be 4
the advantage OF commerce; ana II tnl
ever shall be accomplished, the metric sys
TEN, for which We acknowledge Indebted
ness to nations represented here tonight
will of necessity afford the solution.
1T is evident that all values will sool
be measured In gold. In fact. this is al
ready done internationally, and govern
mentS that provide anything else than tn
gold standard for local use impose a ia,
upon every international transaction suffi
cient to bar their people from competition
in the worlds commerce. L do not know
that the world will ever adopt universe
denominations of money. but IL IL shall.
vided into tenths and hundredths, for thi
would be for the convenience of commerce
1 may be dreaming when l suggest tina
some time. perhaps far off. and posibl,
nearer than we think, the prices curren
of the world will be written in common
language, and in uniform measures or guam
tity and denominations of money, but IL so
my excuse then for the vision shall b.
that more than one dream of yesterday Il
paying dividends to-day.
THE commercial struggle in the year,
that shall follow must not be for CONNER
cial supremacy. Supremacy must not b.
sought for supremacy's sake. sentimen
more worthy of world peoples U prefer thi
term to world powersO would be the recog
milton OF debtorship 10 the world. A frien'
of mine found himself without the mean
TO pay his street-car fare and a strange
came to his relief When thanked for hi
courtesy he replied: Pass il on; some tim
you will find another similarly in need
Paul said: Il am a debtor both to the Gree
and to the barbarian He had receive
from the one; he must impart TO the other
We are debtors both TO the past and TO TN
future In recognition OF blessings inciden
to civilization planted by previous genera
lions, encouraged. nurtured and advance
by commerce. let the swiftest wings o
trade carry the ripened seed OF moder
ideas TO ali lands, under all skies. for tn
blessing and the advancement OF all pee
pies
After Secretary Shaw had concluded tn
evening was given over 10 informal speech
making and there were number of fe
licitous responses 10 calls by the chair
man. Mr.. Hepburn. Among the Speaker
were Anbas sa6or Cambon. Arabassado
Prince Henry OF Pless. Admiral Dewey
| General Corbin. Sir Albert X. Rollt an
! Messrs. ]. Y. Henderson and r. Faithfl
/ BegG. General Young was to have bee
| one of the speakers. but left the hall yer
early without having an opportunity I
| deliver his address.