New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-10

your Committee. Mr. Coe and have listened with great
interest to report that he has made After the state
ment of the wrong that would he inflicted upon every
interest in the country, and the wrong that would
be inflicted upon the honor of the country ny
the passage OF such bill as that when
IL now pending in the United states Senate,
il would seem to impossible that Senators ana Ken
resentaves could reconcile II win te oatn eR ~, ,e
taken defend the Constitution of the country 10 vote
fer such bill II has seemed 10 me that the proVlsions
dicate most clearly what the duty of Members OF Con
gress at snch juncture as ms suc1 "uiy IL Neay
and reguatehe value thereof and OF fores coins and
fix the standard OF weights and measures
in the exercise the power referred to:hc regulation
OF the value Of money-in the words OF Senator Bayrd
10 falsify the yalue instead of regulating II 2" How II
can cannot understand. but In view OF the isc that
such bill has passed the House ana !, now pem1 eyarv
the Senate IL is clearly duty deyoying upon every
American citizen who Is jealous OF the honor OF ms
county and Interested d IN ,S T SsG S6rea to
cned dishonor-o prevent It's becoming realized 20
ccived toiay-thc duty OF demonstrating against such
outrage II seems to me that The irSi dty OF the
repreScn OF institution of the class repre-
scned here and the first duty OF every American citizen
honor OF his country al heart i to
against the great wrong that is threatened for there
can De 10 two opinions in the minds Of Intelligent mrn
to e nature aud meaning OF the h lna = now i d
signedly. great wrong to every Important hh-
gentlemen present we're in Washington. few week,
ago, they were tod by the author OF ms bIt
he west world rend 10 Washington representa-
tives who would wipe with % sponge " the whole
national debt when such declarations are made before
the Finance Committee Of oi the great legislative
bodies Uuitcd s,ates is time for every good cit
izcn 10 the front and not To sit quietly ani see
s1lch laws led without utieTing word OF protest
JOHN p TOWNSEND'a VIEWS.
The views of John T. Townsend Of the BowcTy
Savings Bank, were expressed in these words:
The savings banks OF this vicinity. holding they do.
large amount OF GercrnIDcnt bonds have deep inter
est In securing the defeat Of the Bland SILVER Bill
now before Congress. The hauk with which ]
lave been long connected holas Stj,000.Ooo Of
these bonds, and the passaSc 81 tm- bllI W"uld
seriously affect ne interests 81 ae recpI mIon We
deTositora OF sma amounts Spc4kiHt iol mt,tt,
fn h' Spl b,c l'Pr rs o. ' En- pa.se Of this S
Would not Only b. RFciHtc,m 10 ,o tm, III
others who are Government creditors. Il be proper
10 suggest. and if l might he allowed 70 10 s".
recommended II Consrts lhdl Si.''l ~ Yg'.,'.I'
say Tor $40, after resumption ~ u !, wen h"N" l
below $, after resumption II il coiM be male
SO, large subsidiary cI'"nN "%W d. -
"G MI IN he coaatrg or s g"rt an for real
purposes. small percent =" II tHe resource al tic
s oaG1 aor, on f s1 he 8rc, "Sa accr@ors
OF silver would make only S,i-i increase over Eh'
is present. large amount of s'c might Ice H>od II
this manner
JOHN a. srEwARTs OPINION.
John A. stewart. president Of the United States
1rs; Company, said:
/ ~ the CiH;On contained III Inc report pre-
scented by NJ Coo and in the view expressed ny the
gentlemen, who have sloScil take IL, tina, there j.
entire unanuiy OF feeling here in regard 20 th> hli il
seems that the question before u
now is what we shall do view " the
contemplated action Of Congress. ana that All mat We
can At present do simply memorable against int
massage hIl which j. iTtIGht Win srrh dLr cat"
ity to every interest III the county Nhdt may hc ouf
ac.i0u SHOULD unfortunate rr>ui, happen ~ tr pas
sage Of that bill II viii b; 'inr eh"nCh ii o. iAtl u"
console and determine when that cNrnl shall haNc nap
rt. for IN 4. ta , 90
mon a memorial which viii Ice acceptable {" the hlar
cai Interests OF NewYore aud tnc oilcr reai CITIES q"
the cOuutrY. That. II seems T. me - the dc"h io u7
to take at present
ADOPTION OF TIE REPORT
II l.. Hcguet of the Emipran Industrial Saw
ings Bank, said that silver should not be admitted
az q legal tender in any amount That he Thought
should Doe lcft TO Che free VIII OF the people and the
institutions dealing in money.
Remarks were also made 10y +. (. Winston of thc
Mutual LIZ, fusUranco Company. and W. il. bhawn.
o. the Bank of the Republic, Of Philadelphia.
Letters from the Clearing lIon.ce ii Baltimore and
Philadelphia read expressing sympathy with
and approval of the proceedings oi tire bankers vi
Ncw-Yorl in then efforts resist the Pa~,age Of the
Silver Bill and promising their co0p'raiiou
The report Of Mn Cocs committee was unaui-
mously adopted II was ordered that tie report lc
printed and that copies be sent To- all The clearing
hOusrs and prominent financial institutions II fhr
country The committee of Ncw-lork hI, ken. pro
Vidcd for IN the resolution, accompany nag tue rc-
port was constituted ~ follow; 6rrrsr :. Coz,
ChaIlc- VI. Fry, W. l.. Jenkins, J. H. NrrmilNr. 'nd
+. -. Happen. The members ot Tie committee ii"'h
Boston. Baltimore and Philadelphia, amt irrm the
merchants aud Trust AMI insurance COMPANIES. " III
De appointed hereafter.