New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-01-05
PRAISES COMMERCE.
y. y. Straus Says Most of the Ed,s.
Gated Hen Enter Busines.
MARITIME EXCHANGE nrNx,,


AT the dinner last night which marked ~. ,,r,,,
opening Of the new quarters OF the Martrt,s A1
sociatlon % the Port of New-York abou, ,,
ured members and their guests were ,r..~..
the new exchange room. Among the gus,r. -
e'ie presidents OF the other exchanges ana Gov,
.1eic41l organizations OF the city. and many :.
those prominent in mercantile and cornmsrc,.r -,
cIes outside the city VIZ
Following the dinner. these toasts wer. r.xnor,.
70 Our F4as, L. V. F. Randolph. presidsn, %
ehe NeW-Hork Consolidated Stock and Pstrol.r
exchange; Congress and What 1t Should Do so
Our Merchant Marine" CONGRESSMAN vVtT,,ar ~
Douglass; Diplomacy and Our Foreign g,
meFce." Oscar 5. Straus; sour Sister Exchang.sn
X, H. Thomas, president OF the Stock Excbanva
marine insurance. A A Raven: American shn
oulldlns. Edwin s Cramp; Maritime Exchange.
OF other Cities" j. s. W. HoIton; steam V.ss.1
interests OF the United States" George rrbI.s.
The United States Weather Bureau" WIN,
Moore. and The United States Coast ana GS,oa.,i.
Survey" o. H. Tittmana
captain c. 3. Parsons president of the sxchanx.
pIesided an his brief Introductory address hs tolls
OF the work done by the exchange for IN, sou
merce OF this port. He then read congratuIato-v
telegrams from President Roosevelt Csovsrnor
OceI' Secretary Shaw. Secretary Cortalvou
clement A. Griscom and z. G. Burgess, presdsnt
or the Produce Exchange
Some flags to-day dumb" said Mr. R,,
dolph The dragon flag OF China Is as IL was IN
the days OF Troy-it has not changed. Our nax IA
the dean OF the modern world. Germany's Franoe,.
and Ensland's standards have changed but ou,9
Is as our foTefathers made It; it has NOT b.-n
changed. only amplihed. No wonder the JAPANESE
who first came TO this country called it The Land
OF the Beautiful Banner
How can we add to the glory OF our nag7 gv
giving every ounce Of energy to the building Up Of
a great American mercantile marine. Who holds
the holds the world. England knows This
Germany is beginning to feel it Trained seauen
are necessary to our safety and it is from the
merchant marine that the navy must be manned
Americas peril lies in her lack Of american sea
men trained in the American merchant marina"
Speaking or those who oppose our national
growth. he said:
There is another way 10 stand By the haz For
bid it's removal from any spot on which 1t has been
honorably planted Heap your opprObium. and If
need be, your imprecations. any paltry parti-
san (for example. when Panama Canal Is at
last to De cOmpleted) who would offer puerils OBJ
structiou to great world enterprise for mean DO
utical ends"
Oscar l. Stratus said in part;
There was a time. and that not many decades
ago, when every educated man lifted himself for
the learned professions and when commerce was
f mas as the SRneEe 0[ sns
largely changed Commerce to-day claims the best
cenrage OF educated and college bred men enter
commercial and manufacturing pursuits than the
bgiies sc us his ri lbs aber OF SommsTc snd
boards OF trade throughout our country. and the
same IS true in free parliamentary governments
such Great Britain. In two notable recent IN
stances have the commercial bodies kept the coun
tries in peace when their governments had drtrted
10 the point Of WARM the Venezuela controversy
between the United States and Great Britain. and
the FashOda affair between Great Britain and
spective countries were in friendly communication
with each other and made effective their influence
for peace. And IL IS because this is tho OF
conmercialisTn. a conmercialism that stands Tor
piracy capture and seizure con1rlerctaHsrn that
stands for the open door in Manchurta and the
open canal I'm Panama COmmercialtSm stands for
a well equipped. regulated and graded consular
posed 10 the haPhazard Of spells system IN our
foreign service. Our new cOmmerctaliSm seeks 20
lessen the causes of war and the terrors or war.
The Maritime Exchange, or TINS CITY oates caCA
"a the time when the shipping men made the Old
Tontiue coffee rooms Wall and Water stS-,
their headquarters in the early part OF the last
used 10 meet about noon on the west sidewalks or
BeaVer-St.. IN front OF where the Cotton EXCHANGE
now stands. Tired OF staying out in the Wet. 40
OF them subscribed SIS each to obtain some rooms.
change OF to-day In about i've years the new
organization had grown so strong that II absorbed
the rooms Of the Merchants Exchange and News
room Nos 50 and % Pine-st- The Merchants Ex-
goodwill. Then the premises at Nos. So and IS Bea-
ver-St, where the Coffee Exchange now stands,
were rented In 1883 the exchange moved TO the
Produce Exchange Building. where II had been IN
I'll # moved to IT'S new quarters, NOS. Is ana 81
BTCad-st.. yesterday.
Congressman DOUGLASS said: EFT Is with ragrat
that we say that we no longer occupy on tho high
seas the position that h5 a. bL- l.l4sI
not despair for believe that this stain. this danger
our nations prosperity, this cause OF regret 70
every who loves the flag. will be swept aside
by the tide OF onward progress" He thought
q ship subsidy the easiest solution.