The San Francisco call., 1905-01-28
THE NEW MERCHANTS EXCHANGE.

combination of the various commercial bodies OF this CITY
that able command the creot
and the required for the erection OF the spenoio
building that was formally devoted to its purposes by proper
notice Commerce began here it has begun elsewhere IN ne
gain the exchanges of the long before
there substantial spirit of cooperation This first appeared
the shmus by the Pacific Mail Steamship Company
is of that the completion OF the exchange build
time the disappearance of that steamship service after
fifty years OF existence The brogaon OF the with t the
have protection equivalent that OF domestic coastng trade
tons as our other deepwar and will mostly under
foreign In the early days important to
bay than deepwater ship Our
history great chapter recording the trade by
which reached the rich mining regions then the of the
Then follows the of development. The trade of
Hawai- was here by the old reciprocity treaty The
refining Hawaii became field for profitable investment OF
American capital San Francisco king Hawaii and
him kingdom dealt with him agent OF development and sta
b here his dathbed and when he died held his obse
ques and paid due respect to his memory.
longer outreach
for the of Eastern Asia We rapidly acquired the know
the great Chinese merchants whose energy it. We
have Asa banks and commercial organizations lines of
ntv our own race in the Antpodes and the island
the Pacific Our lines Tahiti and Samoa and to
Australia and New Zealand
open great ocean,
islands farther San Francisco merchant has
the international outlook with ASIA Africa and the islands of the
all his enterprise and ready yield his profit Our
hinterland California the in the world
the productive, valuable
All of this and inspiring the foundation which
the Merchants Exchange built It has the right time
1t and of that
1t the final of assured cooperation between
chants in all those essentials which require effort and the
noble outgowh of the of greater future
In city Union building
Gated similar purpose The time has when every
the ports of Europe Our Government fighting
tie for the open door China. hold up hands will
When Dewey fought Manila bay thought he had prob
ably saved San Francisco from hostile But he did
than that His affirmed American primacy the Pacific
Ocean AS the position the greatest advantage for the
commercial control of that the smoke Of his the
of San Francisco above the fleet that he destroyed The
door the other side Beyond it lies
This city to-day being built the plains of Manchua and
the valley of the Yangtse. We with war,
peace.
= Politicians make Merchants make peace Much
said about the disadvantages have suffered by presence
Chinese here and but little about the
We have learned China We know her people, and her
capacities Commerce is democratic and cosmopolitan
with the Chinese merchants who
the best merchants in the world excepting the
Bombay making of the trade of
Asia and they will WE'LL
The exchange will give shelter and facilities for the
interesting trade the world 1t will be the
carried with Japan China and Korea, old lands long sleeping
but the of awakening The Merchants
should list in its membership merchant in this city,
should be proud connection with that
wrought we'll.