The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-11-18
SUBSIDIES
SAYS SHAW
He is for Them if They Will
Insure Us a Good Mer-
chant Marine.
NEW YORK CHAMBER MEETS
Letter From President Roose-
]. Welt Read and Many Toasts
Are Drunk.
(By Associated Press.)

"a s ! :
NEW YORK, Nov. 1.-THE 135th annual
dinner Of the Chamber Of Commerce was
held tonight at Delmonico's, Morris X
Jesup. president Of the Chamber. pre-
siding, with Secretary OF the Treasury
Shaw on his right and Governor Odell
on his left
The list OF toasts was as follows: The
President" This Majesty Edward VII"
"our Merchant Marine response by
Hon. Leslie NJ. Shaw. Secretary OF the
Treasury; THE Senate OF the United
states,' response by Hon. William B.
Allison: "The Army" response by Lieu
tenant General s. NJ B, Young, u 8. Al;
1.-THE Navy" response by Rear-Admiral
Frederick Rodgers. U. S. NJ; Capital and
Labor" response by Right Rev. William
/. c. Doane, D. D.. bishop OF Albany; THE
Commercial Imagination" response by
Rev. Donald Sage MacKay. D. D.; "Ar-
bltraton as a, Means For the Settlement
of International Disputes. response by
Thomas Barclay. ex-presideht Of the
British Chamber Of Commerce In Paris.
A letter from President Roosevelt was
read, in which he said: mo body OF men
can render a greater service not only
to the American business world, but to
the American body polite, than has been
rendered By the Chamber Of Commerce.
The true ideal of this country Is that
hand iL hand, with its material devel-
opnlent. there shall go a high and fine
sense OF responsibility tothe public on the
part OF those whose power and ability en-
able them to take the lead In this ma
terial development. 1t is the good fortune
not only OF the State Of New York, bur
OF all our people, that We can conscien-
tiously say OF the Chamber OF Com
merce that among Its members, we have
found to an unusually high degree this
combination of great business ability with,
the spirit, which practices and demands
integrity In public and private affairs
alike, rT.if.s.
After the toasts "The President" and
His Majesty Edward VII" had been
national airs OF England and America.
SHIP, SUBSIDIES.
Secretary Shaw was introduced.
1.-THE only unprotected American indus
try" the Secretary said In opening us
its merchant marine. An act of Congress,
approved by George Washington and
never repealed though frequently as
SaleQ, gives the AMERICAN SHlpuuIluer,
the American shipwright. the American
ship owner and the American flag mo.
nopoly In our coastw!se trade, and we
have not only the most efficient service,
but the cheapest coastwise rates In the
world.
II am not ignorant OF the agreement
that II foreign countries arc willing to
subsidize ships to carry our freight. 1t In
.ures to our advantage. This might be
sufficient excuse for our supine indiffer-
ence II there were no other consideration
involved than merely carrying our freight
across the Atlantic Ocean In times OF
peace. Unfortunately, however, there are
many other and weightier considerations.
"If war were to be declared between
any two OF the great powers Of Europe,
our foreign commerce would be not only
HELPLESS, hut hopeless, forbear refer
ence to our military and naval condition
in the absence of available coliers and
transports were the United States to be
involved In such conflict, The proudest
navy In the world Is utterly worthless
without coal.
II am not contending for ship subsidies
II any more feasible course can be de-
vised, But II ship subsidies will insure
us a merchant marine, then ! am for
ship subsidies. II soma other measure
will insure am erchant marine, then
am for some other measure, II several
measures combined will Insure merchant
marine, then am for all such measures"