Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1915-02-17
PROSPEROUS ERA
PREDICTED HERE
BY |RONMASTER
Farrell, of U. S. Corporation, in
Optimistic Vein at Trade
+ Board Dinner,
NEWARK's PRODUCTS IN
MARKETS OF THE WORLD
Speaker Points Out City's Nat
ural Advantages, Especially
for Shipping.

James A. Farrell. president of the
United States Steel Corporation, last
night at the annual banquet of the
Newark Board of Trade predicted that
this country is now on the eve of an
era of prosperity unequaled in its his
tory. The famous ironmaster, who
rose from tFe ranks of labor to lead
ership of the greatest industrial en-
terprise the world ever saw, spoke in
confident strain in making his pre-
diction. He was listened to by more
than 500 members OF the Board OF
Trade and other guests. The dinner
was held in the Kruger Auditorium.
Mr.. Farrell, in the course of his ad-
dress, declared that Newark would
have a great share in the prosperity
that he believes Is at hand. He de-
clared that from an economic stand
point this nation is essentially pro-
gress.ve one, and that the wheels OF
industry must hum again with the
burden of providing for the world.
There was nothing of the pessimist
about Mr.. Farrells talk. He spoke in
touch of confidence to every man
present. His talk was greeted with
enthusiasm.
Mayor Thomas l.. Raymond also
spoke at the dinner. He talked in a
pessimistic strain, dragging in par
tisan politics and attacking Woodrow
Wilson as the psychological Presi-
dent" 1t was soon evident that Mr..
Raymond's frame Of mind was in
consistent with the majority of the
diners, even though they gave him
hearty series of cheers when he was
introduced. The burden of Mr.. Ray
mond's speech was to the effect that
the tax rate of Newark was such that
he would not sanction any improve
rnents such as has been contemplated
under his predecessors administra.
ton. He apparently was obsessed
with the idea that the era of progress
sive municipal government is some-
thing that must be buried as soon as
possible.
No Meadow Development.
One of the things that the mayor
said was that he would not approve
the proposed opening of Haynes
avenue, from Frelinghuysen avenue.
This. it would appear, settles
definitely that the present admins
tration will not stand for any
meadow improvements. The opening
of HAYNES avenue Is said to be es-
sential to the work of improving the
medow district, so 1t can be reached
direct from the city. 1t would con-
stitute primary development, al
lowing the construction of a boule-
ward that would open the entire
Newark meadow district to Newark
bay.
yrSl.1.o ,-vo. ,,a,.1s. l.. &,..-..4 -.
the part of the committee of arrange
ments for the banquet because of the
inability of Carter Glass. of Virginia,
chairman aof the House committee on
banking and currency, to reach New
ark. Mr.. Glass had expected to be
on hand, but the crisis at Washington
over the shipping bill necessitated his
attendance when the vote was taken
early today. He was to have talked
here on the new Federal banking sys-
tenn.
Others who spoke were Austen Col
gate, who, besides being senator from
Essex county. is president IF the Jer-
sey City Chamber of Commerce; Wal
ter s. EDGE, president of the State
Senate; Frederick r. Lehlbach. con-
gressman- elect from the tenth dis
trict. and Rev. John Mcdowell, pastor
of the Park Presbyterian Church
Others who sat at the guests table
were former Mayor Jacob Haussling,
Victor Mravlag. mayor of Elizabeth;
George n. Seger. mayor OF Pasraic;
Robert H. Fordyce. mayor of Pater-
son. and Comm 'ssioner Job H. Lippin-
colt. of the state department of motor
vehicles. Augustus v. Hamburg,
president OF the board, was the toast
master.
MFR. FarreiI's Speech
Mr.. Farrell in his address said in
part:
'"The city OF Newark and its adja-
cent industrial area has always stood
IN significant relation to the outflow
Of many of the natural commodities
which have thus far constituted the
bulk Of our export trade.
your progressive spirit and iN-
terest in problems affecting laanufaN-
turing and business are evidenced b.
the fact that Newark products arc
now to be found in many of the mar
kets of the world
Here you have over 300 distinct
lines OF manufacture, giving employ
ment to Is coo operatives. and an an
nual pay roll of $50 0o0.000 In the
past fourteen years your population
has nearly doubled. your taxable
property nearly trebled and your
banking capital. deposits and re-
sources have increased from f1fty-odd
million to two hundred million dol
lars,
you have many natural advant-
ages. exceptional transportation and.
by reason Of your proximity, all If
the marine facilities accruins to the
port Of New York
Newark Up-to-Date.
Some of the most thorough and
up-to-date exporters in this country
are Newark concerns. Practically
every kind of article is manufactures
in Newark and vicinity and. owing to
an abundant supply of skilled labor.
you are we'll assured OF profitable ex-
pansion, in competition with other
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