New-York tribune., 1886-01-29
AGAINST DEBASED DOLLARS.
PRODUCE MERCHANTS FOR HONEST COIN.
THE EXCHANGE SOLID IN DEMAND THAT SILVER


If the Produce Exchange as a body, were clothed
with tue power Of coming clLculatlhg anu Pla9oIE 9
values npou Federal money the Bland SILVER uOII&r
1ronld he withdrawn rom circulation, or the 1l%
grains of silver worth less than 80 cehisWou.u
be made interchangeable VITA gold anu pafodi atfed
Ioonev Such was the sentiment which peTV3ue94
The atmosphere of the Exchange at q meethS ho9
Yesterday. Charles NJ Vail presided, and statea yea
that the object of the meeting was 10 ciscus55 , th
silver question Daniel BaInes then introduced tue
following resolutions:
wbcs m. coinage Of silver dollars, lu INN ense MS
nronortiun II tho natural opportunities or pttHS
In circulation perpetual menace that tnoy S ,t% p
forced upon .>e people. ia "a qiantty rre'o0is WIN
TheTe By alstrs SpT%eFc,9 mn saSy sE
ests Of the whole country yreludlcet; ard , a,a,
i,heIsaS In this time of the Nations peace ana imam
nj nrsurify there exists necessity Tor the suDstl-
tu,i6n OF a lowe ana nuc;uating money standard lor
tna Rssd oJ hat the Sew York Produce Exchange
anlTms the position It assumed IN hprl issi anu T
Snaiedy declares in favor OF the Immediate suspension
Of said coinage
Alexander f. Orr seconded the resolutions, and
spoke upon them substantially as follows belng
frequently interrupted With applause ana hsteheu
TO with intense interest:
take it that am addressinS an assembly OF CnGis
10 I'll the I0rd Divine vision that honesty
essential TO tho growth aud O3ridnent Development vi
every great Nation and therefore the tables
of stone were tho ThoD shalt not steal ana
Thou shalt not bear false witness" By legislative
enactment 50 cents worth Of silver Is fashioned nSo
coin on 1t is stamped that insignia when Is dear 10
hearted citizen aud our GODDESS "o rs ao mat the
statement is legislative tasehooi; that under lnss
of the Mosaic law every
Out from the National Treasury has attached to 1t Tho
tant of National theft How long wonid , TINS lex eH
selves how long could exist corpora ion II our
and WeIe iaI aeh
II integrity and purpose IN the pePplr: pI ~
tion NAV cost u.s. because remedy is always close at
hand and purse Is a long one, put when tnIoutA
doing our sense Of right is bluned and we become el
Gated to dishonest methods reto nation comes SLOW" h
ALL and meanwhile the weakest St are are 9 1n9
ones suffer The vocates OF tue Bland Dll are lo.
in their that their dollars are the poor mans
money" This is a fasehood on its very face aud is
snapy those catch sayings by which denGoSueS
or passions OF the who do not investigate ana
think results for themselves we must mgsy Raye R9t
gold values II Congress will not for time suspend the
monthly purchase Of silver let all further purchases DO
held ia ngos aud not coined until the stock OF dollars on
hand is exhausted.
A. b. Richardson followed in almost the same
strain adding:
The question is not whether Congress has right to
reduce values. Have they the right to rob us' IL Is NOT
political question, but commercial one ana tAS great
exchane. shouid make it "a matter Of personal anu COM
mercai interest.
Henry Kemp, in broad Scotch accent, said
We should put an end to this stupid silver legislation
II has orevenfe ed the shipment of $2l 100000 yoar
Merchandise aud instead navng $3.50 900 in use
more in gold I the Bland Oili repealed
j. II. Herrick was glad to approve the resolutions
but he had little hope that they w9uld carry any any
weight with the present Congress. lie deslred that
the action of the Exchange shOnld be recorded for
future reference. TO show that the business men
John p. Townsend said that the onlY way that
the SILVER question coud be managed would pe % 10
make the silver dollars eXchangeabe with gold and
greenbacks. lie offered an amendment that such
law should be passed that holders of either may
have or the other Mr. iownsena amcodnfnr fr
was favored but it was decided best 10 deer IL lot
the present. Richard Lacey wanted the entire shO-
ject laid over till arguments could be heard upon
both sides, and he alone voted against the resoIH-
tiOnS.
SHALL THE WHOLE AQUEDUCT Be LINEDi
FOIrFSTfON-CON-
TRACTS FOR TIE LAST SECTIONS.
laroe number of bidders assembled in the rooms
of the AGucduct Commission yesterday iOawalt tAe
award of the contracts Tor sections ~; 10 % q a d
contract for Section II be awarded to john Rogers
d Co. whose bid was $316,3lc. Commissioners
Spencer moved an amendment giving IN" cOhtfutt
TO Clark 81 O'Brien, whose bId was 'S43O,345. Mr..
Grace voted 4" No on the amendment Controller
Ioew explained his vote by saying that he thought
the work OH this section, whch was lhost 5t Inot-
tant one, being the key to the eniHe Aqleduct,
should be given 70 a firm that would know how to
do the work. He voted for Clark d OBTlcn Com
missloneTs Squire, Spencer DOwd and BALDWIN voted
likewise and the coatraci was & Iot - co ~
etrnctug part OF the Aqueduct ABOVE lhe harieh
River. - ..o4 ooa4io,s "a ood
ii he awarded to 'John BruntOn & Co.
whose bid was $l,037Go0 TINS was
carried after an attempt by Messrs. spencer
and SQUIRE to have tle c1dtract awarded TO Clark
O'I;ricn. The question of Inning the AqGcduct
tbronghout its entire length was brought up and
giving the Chief Engineer power to do So
Mayor GraeeG shall not vote for @ any such pror2sl
ton II would cost the city Fl5oOOOO The ChloI IN
queer already has power line the Aquoduct where 1t
is necessary. THIS Is a serious matter.
Mr.. Baldwin was in favor of lining the whole
Aqneduct The Controller moved I? amend MT.
S3encer'S motion by giving the CHIEF Engineer
power to line the Aqueduct wherever be
ts%pd tsg that such @Gton Gas yG
but he voted Aye" as did the Controller: Com
n;ssioners spencer, squire. Dowd and Baldwin
IL . NJ aph up
original motion TO line the e"trc work was Drought
agaln.
M,vnr Grace-This is a very considerable matter, gen.
tcintn and should be thought over long before IS
carried in this Board by SO small maorIy, mere are
parties pushing this scheme know, but move that
be laid over for a week.
Mr. Church. the Chief Engineer was asked as TO
the necessity for lining the Aqueduct lie sald, oW-
Inc to tie minerals III the rock that the new work
involyed a litte more risk than the Old Aqncduct,
which was not lIned. lie wanted the responsibility
taken from his shoulders by being empowered TO
line il throughout.
The Mayor insisted that as the Aqueduct was not
even completed ii was wrong 20 authorzo llnng II,
when rnuC IN of it. he understood ran through rIck
that was fully equal TO any linIag
The Board then agreed TO lay the matter over 10
its next meeting.
THE DEFENCE Of THE KOHUrS BEGUN.
One of the regular attendants at the Kohut trial
was absent yesterday from the General sessions
court-roon for the first time. JUSeI2 kOhut, the
wife of ore of the defendants, who was al hrst
Jointly indicted with thcm but atteiward DIS
charged from custody. gave birth to son cary III
the morning She has been staying at the house of
her husbands uncle since her re.eass from the
TOmbs. ~. :,
Assistant District-AttOney Fitzgerald finished
the examination of witnesses to prove that Mrs.
E;oIIa and her children were the only persons who
are not known to have escaped from the burning
fcnetncut- house Representatives OF the fourteen
other families called and testified That none OF
fhe,members of these families were burned. The
design was to show that the dead bOnes found III
one of the rooms of the tenement must have been
those of Mrs FIalka aud her children.
The case for the prosecution was closed and eX-
Judge Curtis, the prisoners counsel, proceeded TO
arpue in an attempt to convince the Recorder that
the District-AttOrHey must elect one OF the Two
charges against the prisoners.
lanes H. Cony, of the Unitel States Hotel. the
SIXTH Juror complained of sickness, and recess