Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-12-24
MATTERS OF MOMENT.
The Chamber of Commerce Held Most
Important Meeting Yesterday-silver
Coinage and Tin Tariff Considered.

The Chamber of Commerce Held n Most
Important Meeting Yesterday-sIlver
Coinage and Tin Tariff Considered.
The regular meeting of the Chamber Of Com
merce directors yesterday was more interesting
in a number of ways than usual Mr.. Scott, of
the Committee on Railroads and Transporta-
ton, asked for continuance of the matter IN
their committee relating to country roads. He
said the subject was being considered by some
of the societies and he deemed it best to wait
until they took some action.
Mr.. Miller, of the Committee on Finance and
Banking, had prepared an exhaustive report
in relation to silver coinage. He submitted it
and asked that it be placed aside until other
business had been disposed of.
Mr. Anderson's report on the matter of a re-
duetion In letter postage was also temporarily
laid aside.
Mr. Dravo, of the Committee on Rivers and
Harbors, reported q resolution tavoring the
establishment Of rye boats to protect property
nlling in the rivers beyond the low water line.
1t was adopted.
The firm of Black & Baird was admitted to
membership. and then Mr.. Miller read his re-
port on the silver question. He was decidedly
against an increase in the coinage of silver and
said:
BY the Window bill the Government had to
take all the silver brought TO it, and in effect
corner in the commodity could be created. The
standard value OF money is based on gold. and
when silver is offered for sale in Europe the value
Treasury has the whole matter in hand, and he
makes tue price and has the power to put II up or
checked. The silver dollar was refused by the
United states Senators, and riot was almost Gre
The old legal tender the promise to pay, was the
better form of money. The silver piece purpOrt1nR
fraud on the face of IL and when we tell them in
Europe that it is dollar they look at us in man
ner signifying that we either fools or knaves:
The report of the committee is to let well
enough alone. We have $50 000 600 of silver lying
in the vaults of the treasury, and we are coming
fast enough. We do not want to coin too much.
and the credit of our people and country is too
delicate thing to tamper with.
A resolution was then submitted as follows:
We recommend to our representatives in Con-
gress the continuance of the existing methods Of
coining silver, and that change be made at this
time in the laws relating to silver coinage.
On the question TO adopt the report Mr.. Fos-
ter arose and spoke strongly against ii. He
favored the coinage of all the silver produced
by the country. Captain John #. Dravo also
spoke against adopting the report, and made
quite speech in favor of an increase in the
coinage. He believed that the country's credit
would be strengthened rather than weakened
by continuance of turning out the finished
product.
He offered an amendment to the resolution
in the report that the Chamber of
Commerce recommend an increase over the
present production in coinage of 81 O00, 900 a
month. Mr.. Foster seconded it. Mr.. Miller
then moved that the whole matter be laid on
the table for the present The motion was
carried without dissenting vote.
Mr.. Anderson, OF the Committee on Legisla-
lion. then made his report on a reduction of
letter postage. In view of the fact that the
present cost of the postal service is in excess of
the revenue derived from II, and from other
important reasons, the report was averse to the
of reduction in the post.
Mr.. Ricketson read a communication from
The American Tin Plate Association asking the |
board to consider the matter of an increase in |
.he tariff on tin plate. The matter, at Mr.. |
Hlcketson's suggestion, was referred to the |
committee on Manufactures, of which Mr.. |
is chairman.