New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-20
BROKERS HISS SULzER
Vent DisapprovaI When Name Is
Spoken at Waldorf Dinner.
MARTIN H. GLYNN AMUSED
Lieut.. Gov. Salves Them by
Putting in. Good Word for
the Stock Exchange.

Governor Sulzer is emphe'icaly no; the
patron saint Of the international .Associa-
ton of Brokers. which celebrated its OF.
ganzation last night with dinner In
the Astor Gallery OF the Waldorf. Nor
bert r. Prendergast. the POSTMASTER, In
an unsuarded moment referred to the
state executive az "the peoples Gov
ernor. the Hon. William Henry Clay
Sulzer." He reported. too late, when his
audience Missed the name.
Gentlemen. if only you would omit
that lie pleaded. The Governor is q
very warm friend of mine And you
must always remember that IL is not the
Governor who enacts the laws, but the
Legislature"
Lieutenant Governor Martin II. Glynn.
who sat at the speakers table, appeared
highly amused at the spontaneous express
sions Of the brokers. He got a hearty
round Of applause ana burst Of cheers,
led by Cameron Blake, when he arose.
Glynn began by telling them he had al
ways heretofore believed Wall Street men
had a fondness for water. but he now
knew that he had been mistaken.
/
better grace. when he said:
II take it for granted that you MEM
bcrs of the International Association OF
Brokers are interested in the proposed
legislation for the Stock Exchange. So
am /. ] would not prosecute the Stock
Exchange; neither would | prosecute II.
I believe the stock Exchange is a great
clearing house for business. ] believe IL
serves useful purpose. I believe it
ought to be protected in its rights, but
hold it should be compelled to discharge
its duties
AN institution of this kim has civic
duties as well as an individual The Stock
Exchange should be "A clearing house for
business the Stock Exchange must not be
a clearing house for financial trickery.
III mistake not you are with me on this.
I'm this regard Jay Cooke. Uncle Sans
patriotic bond broker. leads where you
ought to follow. Jay Cooke was for simple
Justice. As brokers you should be for
simple justice for the public. AS state
official / should be and am for simple
Justice TO the Stock Exchange. And all OF
us. whether as citizens or officials. should
be for simple justice for the invested dol
lar. simple justice for the man who makes
the dollar simple justice for the public
out of whom the dollar is made.
my friends, if we all stand for this
simple justice the future OF New York will
he as prosperous as its present and as
glorious as its past"
II was something of an ordeal for any
man with a serious turn Of mind 10 adj
dress that gathering. John ID. Moore,
member of the State Conservation Com
mission. was forced 10 break into a rag
time stride at the very beginning.
What in the world" he cried. do you
want to go over to Jersey City for, where
the seven sisters will be in full opera
ton? Why don't you stay where you
belong and where you know the way
'round?
He tried 10 add The Democratic ad-
ministration stands for the conservation
OF Wall Street but a diner in the rear
yelled. Wall Street needs no conserva-
tion'-a sentiment which made more of q
nit. and all spplauded this rather am-
higuous dictum:
"A proper attitude toward the impend-
ing legislation at Albany will accomplish
the much desired end with the minimum
of disturbance and the maximum OF ef-
fectiveness."
John Franklin Crowel. Of The Wall
Street Journal" told them that alto
eether too many men in Wall Street in
positions OF trust had never been west o.
the Hudson or north of the Harlem
River" He chided them for narrowness.
for their lack OF knowledge concerning
the sentiments of the country at large.
Seated at the guests table, besides the
speakers mentioned, were NJ. f. de
Aguero. president Of the Consolidated
STOCK Exchange: John Aspegren. presi-
dent of the Produce Exchange; Lewis u.
Clarke. James 3. Mabon, president OF the
New York Stock Exchange: william
KinAley. J. L. Mccormick. chairman OF
the New York Curb Association; charles
sabin Kenneth 3. Schley, stephen \.
BOND. Edgar Allen Forbes. Samuel D
Campbell and Frederick 7. Condor