The Providence news. (Providence [R.I.]) 1891-1906, 1906-01-13
THE ANNUAL
JEWELERS.
MEETING

Last evening the annual meeting OF the
Manufacturing jewelers. was held at the
Wellington, with about $50 guests on
hand. in addition to the members OF the
trade there were present as guests promi-
nent and professional men. Dinner was
served at o'clock. After which the
business session was held. President Du-
tee Wilcox calling the assemblage to or
der. He announced that there were Sc
new firms added to the membership and
that as he had been president of the
board since 1885, ever since 1t was organ
tied. he could not be considered a candI-
date for the position again
The eecretarys report was then read
by Mr.. Marcus W. Morton. in which he
stated the number of failures in the trade
during the past year, and the basis upon
which they were settled He also stated
that the board was in an excellent cond-
tion financially.
nominating committee was then APP
pointed and during its consultation the
following new members were elected:
Henry Fletcher. Frank 3. Reynolds Ev
erett H. Spencer Robert e. Budlong. Ed
win b. Hough, William =. Chaplin, How
| rad D. Wilcox Alfred X. Potter, +. A.
| Woodmancy. T.. G.. Ostby. Charles ID.
White. William A. schoneld c. A. Marsh,
G. ]. McClatchy. Harold Sweet. Herbert
Bliss. George w Cheever. Louis Wise,
w. S. Metcalf. Justin l.. Cobb.
1t was then voted that the gsvel which
Mr.. Wilcox had welded during his term
Of office be suitably mounted and en-
graved and presented to him.
Having dispensed with the business that
was TO come before the meeting. Mr.. Rob
ert Il. Budlong was introduced as the
| toastmaster and he, I'm assuming the po-
siton, made a few remarks concerning
the subject OF the chief address of the
| evening Credit"
At the conclusion OF his remarks, he in
| troduced as the man who would speak on
the subject, Mr.. Michael F. Dooley, sec
retary OF the Union Trust company, who
was the speaker Of the evening.
CAPACITY AND CAPITAL.
Mr. Dooley spoke I'm brief as follows:
deem II n great privilege to be In
vited TO address this assembly OF mem
bers of a guild whose craft dates back
10 the days when tho Egyptians wrapped
| their dead In fine linen and buried them I'm
the rich and costly gifts that had adorn-
ed them I'm life. il is a long sweep from
that time down 10 1906. but I'm all that
interval jowelry has never ceased to have
It's craftsmen and its worshippers
To deal intelligently with the jewelers.
laccounts at our banks. I have studied
the methods OF the trade I'm order to learn
what system OF credit was pursued I'm
the manufacture OF the article.
The speaker then referred TO the evo-
luton Of the craft. and the giant strides
made in the last generation I'm that craft.
After going "A little further into the de-
tails OF the system he then gave the craft
IL 1sHf IN, hon g,
conduct the trade and TO see that the
customers were making the same pro-
gress that the trade was.
In concluding his remarks, he said that
character. capacity and capital are the
standards TO guide the trade, and these
will pilot any financial bark 10 safety
amid the shoals and quicksands and rocks
OF the life.
Hon. Charles T.. German was the next
speaker He also spoke on the subject Of
credit bringing into tho remarks the
consolidation Of the American National
bank with the Rhode Island Hospital
Trust company. He also spoke OF the In
nuence which the jewelers. board of
|trade was welding I'm the community OF
business
Theodore w Foster. tho vice president
Of the New England Jcwe.ers' associa-
tion. was the next speaker. eulogizing the
president OF the board. Mr.. Dutee Wilcox.
end telling OF his character and integrity.
rs well as OF his business ability He
nleo spoke OF the organization and tho
principles for which IL stood I'm the busi-
ness world lie said that the organiza-
tion represented n capital of t200OOco.
with this the session ended
Tho committee having charge of the
AFFAIR consisted OF kessrc. Robert ~.
Rudlong. Edward u Hough and Everett
l. Spencer.