In the war with Spain our fleet was ordered to Manila because there was a Spanish fleet there, and every military interest demanded its capture or destruction. When that was done, every military interest required, not that our fleet be withdrawn, but that our hand on the enemy's throat should there remain until his surrender. When that surrender came, and with it the transfer of the sovereignty of those islands from Spain to the United States, every consideration demanded that the President should hold them up, not toss them into the caldron of anarchy, and when violence began should restore order, yet stretching out always in his hands the tender and opportunity for peace and beneficent government until Congress in its wisdom shall determine what their future status shall be. What more, or what less, should he do and do his duty? [Applause.] SETH LOW THE CHAMBER OF COMMERCE [Speech of Seth Low at the 112th annual banquet of the Chamber of Commerce of the State of New York, May 11, 1880. George W. Lane, the second vice-President of the Chamber, presided, and called upon Mr. Low to respond to the tenth regular toast: "The Chamber of Commerce of the State of New York--its Past, Present, and Future."] MR. CHAIRMAN AND GENTLEMEN OF THE CHAMBER OF COMMERCE:--If the historian wished to convey to your minds some idea of the antiquity of this Chamber, he would scarcely do it, I think, by saying it was founded in 1768. So few besides the reporters would personally recollect those times. He would rather tell you that it dates back to an epoch when each absentee from the annual dinner was fined five shillings sterling for the offence. Think of that! How eloquently it seems to tell us that there was no Delmonico in those days. I can understand how a people that punished such a slight to commerce in such a way, would rebel at stamp acts and other burdens of the sort. The Revolution itself seems to get a new interpretation from this early custom of the Chamber. [Laughter.]