The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-18
CAPTAINS OF COMMERCE
NEW YORK BUSINESS MEN HOLD
BANQUET AT DELMONICO'S.
Distinguished Guests Present-Letter
from President Roosevelt-The
TOasts and Speakers.

NEW YORK, Nov. 1.-THE one-hundred-
and-thirty-fifth annual dinner of the Cham
Der of Commerce was held tonight at Del
monico's. Morris X. Jessup. president of the
chamber, presiding, with Secretary of the
Treasury Shaw on his right and Governor
Odell on his left. Among the other distin-
guished guests present were:
Postmaster General Henry c.. Payne,
Senator William B. Allison, Senator Chaun-
cey M. Depew Lieut.. Gen. S. NJ. 3. Young,
Major Gen. II. c. Corbin, Rear Admiral
Frederick Rodgers Judge Alton B. Parker,
Carl .Schurz. Whitelaw Reid. Bishop Henry
c. Potter, Bishop William Crosswell Doane
and ST. Clair McKelway
The list of toasts was follows: 1.-THE
President" "His Majesty, Edward VII"
Our Merchant Marine" response by Hon.
Leslie NJ. Shaw, secretary of the treasury;
1.-The Senate of the United States.'' re-
Spouse by Hon. VIM. E. Allison; 1.-THE
Army" response by Lieut.. Gen. S. NJ. B.
Young. u. s. A: 1.-The Navy" re-
Spouse by Rear Admiral Frederick
Rogers, U. S. N; Capital and
Labor" response by the Right Rev.
VIM. c. Doane. d. d., bishop of Albany;
THE Commercial migration" response by
the Rev. Donald Sage MacKay D. D.; Ar
bitration as a Means For the Settlement
Of International Disputes response by
Thomas Barclay, former president of the
British Chamber of Commerce in Paris. The
following letter from President Roosevelt
under date of Oct. 16. was read:
1.-The Chamber Of Commerce of the State
of New York occupies a unique position.
1t is distinguished not only by Its long his
tory and by the vast Importance or the
t.tz
also for the high type of public and busi-
ness morality which 1T represents. / pay
you idle compliment. The records of the
men you have chosen as presidents, the
Der of Commerce has from time to time
been identified, and, above all, the stand
ard of business integrity which the Cham
Der of Commerce has consistently repre-
sented and which ii has demanded among
those for whom 1t has in any way stood
sponsor. shows the truth of what say.
1T is surely unnecessary to add that no
body OF men can render greater service,
not only to the American business world.
thus been rendered by the Chamber Of
Commerce. The true ideal of this country
Is that hand in hand with its material de-
sense of responsibility to the public on the
part of those whose power and ability en-
able them to take the lead In this material
only Of the State of New York but of all
our people. that we can conscientiously say
OF the Chamber OF Commerce that among
its members we have found to an unusually
high degree this combination of great bust
ness ability with the spirit which practices
and demands integrity in public and pri-
vate affairs alike"
Secretary Shaw had carefully prepared a
speech, but toward its end he departed
from ii. He said in part: I'VE are going
to dig the Panama canal. Do you realize
that this is equal to our voting a subsidy
to the commerce of all the countries of Eu-
rope? 1t will benefit them all, but we be-
lieve Ii will benefit US still more. Your
started from Liverpool to San Fran
cisco, one by the Suez canal and one by
Cape Horn, they would both beat a vessel
| sailing from New York to San Francisco
| around the Horn. That's only one reason
| why we must have the canal. We must
| have the ships to carry the trade. We
out hurting anybody's pocket. Hence. il
| we must raise money to help the merchant
| marine, it will not be hard