Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-12-23
WANT A BETTER BASIS.

Pittsburg Chamber of Commerce Takes
Action in the Financial Situation
Against Free Coinage-Secretary of State
Blaine Sends Lengthy Communication.
The financial situation and the coinage
question came in for share of the attention
of the Chamber of Commerce at its session
yesterday. The subject was introduced by
Mr.. Miller, who offered the following reso-
luton:
WHEREAS, There exists at the present time
a condition of uncertainty and distrust result
ing in part from the agitation and suggestion
of the proposed changes IN the laws relating to
finance and currency; and
Whereas, 1t is believed that no permanent
relief can come until after definite action is
taken; therefore be it
Resolved, That our Senators and Representa-
tives in Congress be and are hereby earnestly
requested to use every effort in bringing to an
early conclusion all legislation relating to
finance; that copies of this preamble and reso-
luton be forwarded to our Senators and Repre-
sentatives and to the Chambers of Commerce
and Boards of Trade in our principal cities.
The immediate Importance of the matter
at the present time was at once recognized
by the members present, and without much
comment it was adopted. Mr.. Miller is in
accord with the views of other well known
fnanciers that wholesale legislation pro-
viding for the unnecessary coinage of silver
and gold in great quantity is not conducive
to the financial prosperity of the country.
When but only or 5 per cent Of the business
of the country is done with gold and silver,
and the other 50 or sc per cent with checks,
bills of exchange, ETC., whose value de-
pends on public confidence, the continuance
of the present unsettled feeling can be ex-
pected. and only proper legislation TO
change this order of things can remedy the
matter and restore confidence. Mr.. Miller
moved for the unconditional adoption OF
the resolution. which was done.
A communication was read from Secre-
tary of State James G. Blaine in relation to
the establishment at Washington of the
Bureau of American Republics for the dis
semination of information concerning the
advantages of the American Republics in
the way of trade and commence generally.
Mr.. Kelly moved that it be received and
filed, an acknowledgement of the same be
returned, and that a request be made for any
pamphlet or printed matter of legislation
bearing on the subject.
Mr.. bravo did not want it passed over too
lightly, as in his opinion the trade with all
the American Republics was a vital Ques-
ton for the present and future prosperity of
the United States. He moved to amend to
appoint special standing committee to con-
slider the matter now and at all times, and to
act in relation to the matter with the Com
mittee on Manufactures.
The amendment was accepted and Mr..
Kellv's motion carried.
Colonel Roberts inquired whether or not
a committee had not been appointed some
time ago to consider the mud road question.
| 1t developed that no such committee was in
existence, and on motion Of Captain Dravo
tine matter of better roads was turned over
to the Committee on Railroads and Trans
portatiou and to hold a conference with the
| engineers who were considering it for the
| State.
A new member ofthe chamber was elected
| in the PENNSYLVANIA National Bank through
| Colonel A. S. NJ Morgan.