New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-04-16
THE SILVER CoINAGE QUESTION.
BUSINESS MEN URGING OBSERVATION-DISCLOSURES OF THE
EVILS THREATENING.

| BUSINESS MEN URGING bUSPEN5lON- w A''A
EVILS THREATENING.
WASHINGTON, April 15.-The House Com
mlftee on Coinage Weights and Measures to-day gave
hearing 70 rrpresentatves from Boards Of Trade and
Chambers OF Commerce OF various cities on the subject OF
the suspension OF the coinage OF silver Nathan Cole Oh
ST Louis said the representatives OF the business lDter
the country before the committee because OF
m apprehension that the Government IA making mis-
take coning large amount Of silver dollars What
the consequence would he of continued coinage, he did
not know "There Is safety" no said. "in going slow
We hurt nointeres by and wo may prevent disaster
why cannot we IA people say that we prefer gold
ascurrcncy and silver az subsidiary therefor
j. A. GanO, OF Cincinnati, read letter from Murat Hal
stead in which he recommended the stoppage Of the coin
age OF silver dollars Mr. GanO said that business inter
ests were much depressed and that it was scarcely
possible to ship anything from this country profit.
C. :. Smith, OF Now-YorI, offered the folio wing memo
rial signed by 1000 business II IL desirable that
the metallic money Of the United States should consist Of
gold and silver coin OF interchangeable relative valuo
and that coinage should he restricted u the needs OF com
and the wants Of the people The amount OF silver
dollars accumulated In the Government vsults IL
largely in OF these requirements and it has been
demonstrated by experience that this excess cannot be
utilized at present circulating medium. Your
memorlalists, therefore, respectfully pray that a
bill may be speedily enacted by your honorable body
which shall provide: that the coinage OF silver dollars
aung and that in order bring into gradual c'rcla
ton the surplus silver coin now IN the Treasury the fur
Their bills OF the denomination OF and two
| dollars shall he discontinued
Mr.. Smith said: "Wo want silver circulated but the
country preu6ced against the heavy clumsy, silver
dollar We subsidiary coin. Trouble Is experienced
OF small change. There Is large number OF 20
cent and 50cen pieces in the Treasury but We can't got
| them out"
You never will get them long you have a
NewYork Secretary OF the Treasury ncrposed Repre-
sentative }elfOrd
Mr. Smith continued: eve ask for suspension as an
experiment I'm order to circulate what silver have. lf
you will not give n suspension for two years do IL Tor
one year, II not for one year for six months $500
"What effect would the suspension have on England
asked. go
at woudforcs England to come into n convention with
ne" said Mr.. Smith.
G.. A. Butler OF New Haven made an argument IN favOr
OF Iaetalsm. He said ought 10 take such position
as show Europe that will not be her cats paw to
draw her Chestn1ts out OF the fire.
Mr. Bland asked why no petitions ever came from
poor clas5-the farmers !
Mr Butler replied: They do not SEQ the danger
that are in We do not before you 10 Cypress
the poor We do 20 with braZCn face and iron heel
20 the troubles Of The poor We do not say this
wiz any disrespcct; but do not wish 10 hear the
motives Of the delegation mpugned"
George Coz of Newly Ork answered number OF ques-
tons propoundcd by the members OF the committee.