The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1908-01-31
FORESEE TRADE BOOM
Prosperity Speeches Heard
by Baltimore Merchants.
TOAST TO THE PRESIDENT
Standing Tribute ut Dinner Follow
ed by Addresses from Representa-
tives Burton and Helm. and John
Barret, Representing south Amer
lean InteFests-Other Speakerk-

cAttlhl 10 ANb hdhnNlEiQn HtTalu-
Baltimore, Jan 3O.-Congressman Theo-
dore Z. Burton. J. Thomas Helm.
John Gill; and John Barrett. director of
the Bureau of American Republics came
over from Washington tonight TO attend
the annual banquet of the Merchants and
Manufacturers Association. They reached
here in a special ear, escorted by a COM
mittee of Baltimoreans. Covers were laid
at the Hotel Rennert for 225 guests.
One OF the most impressive customs
of the banquet was the toast to the Presi
dent of the United States, which was
drunk standing while the orchestra played
The Star-Spangled Banner" in which
every one Joined in singing. The list of
toasts was as follows:
Our Associates and Guests President David Il.
Carroll.
STATE Of Maryland Gov. Crothers
City Of Baltimore Mayor Mah0ol.
Our Greatest Undeyeope1 OupOrtunity-South
America Mr., John Barrett.
Taxation DR.. Jacob II. Hollander.
The Cotton Industry OF the South '-OOngTcSs
mau J. Thomas Hefin
Tho Development Of Inland Ws,erways"-Con-
gresham Theodore Burton
Congressman John Sharp Williams and
J. Adam Bede. who were down for ad-
dresses. were unable to be present.
MIR. Barret's Addres.
John Barrett said:
The cruise Of our battIe-ship feet is
doing more than any other influence in a
century to awaken interest throughout
the United States in cur sister American
republics. The reception given TO the feet
by the Brazilian government and people
was unprecedented in naval records. All
conditions point 10 a duplication Of this
expression of good viii when the feet ar
rived at Callao, the port of Peru, on the
west coast Of South America.
When we seek for an explanation of
this appreciation on the part Of South
America OF the visit of our ships. we
find that there are several important
considerations which should be born IN
mind. First and second is the prepaTa-
tory influence Of the Secretary Of State
in 1905. Another consideration is the
fact that this fleet demonstrates. beyond
question, the ability Of the United States
20 maintain both the spirit and the letter
Of the Monroe doctrine.
These battle ships must be the fore
runners Of a great mercantile traffic be-
ihEEil 4Nbl ri anu EUAAA 11AHNAiids llF
commerce Of that part Of the world is
destined TO grow IN such enormous pro-
portions during the next ten or twenty
years that the United States must extend
every effort 10 gain its share or suffer
immeasuable injury in competition with
the countries Of Europe. and even with
Japan and Asia
Mr.. He1in speaks,
J Thomas Hehin said
Tn 1904 we exported from the United
States eight bales OF cotton to England.
Within one hundred and eighteen years
from that date we have increased the
cotton production from 500 to 100000
bales
twenty-five years ago the South had
only 10000 cotton spindles, and to-day
we have 100000 spindles In 1890 there
were 936 cotton mills in the South, and
now we have over 600. In 1906 New Eng
land cotton mills consumed 2,3i9 f13 bales
of cotton, and I'm the same year our
Southern mills consumed 2.378.225 bales.
2J.000 more bales than the New England
mills"
Theodore Burton said:
we are confronted with the fact that
cOntempor with an astonishing
growth OF the country the inland water
ways of the United States, save in "a
few exceptional cases, have shown a
marked decline not only in the relative
amount of traffic, bat in the absolute
amount So striking has been this decline
that the virtual abandonment of naviga-
ton upon all but a few has many advo-
Gates. The most vitaF reason for this is
found in the relation between railways
and waterways
1T is now in the power OF the former
to subject water transportation to ruinous
competition by lowering rates along routes
paralleIed by water lines. sometimes car
rying freight at loss, with the evident
intention Of making up such loss by
charging higher rates where water com
petition does not exist"