New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-11-06
SILVER COINAGE AGAIN.
ACTION BY THE CHAMBER OF COMMERCE
ASKING FOR A REPEAL OF THE PRESENT LAW

OTHER SUBJECTS DISCUSSED.
The silver question came to the front again yes'er-
day at the Chamber of Commerce. and was inc p'in-
cipal topic OF discussion at the regular mohihV ee@
ing. Resolutions were finally adopted urging up'n
Congress such modification Of the present silver Ia"
as will suspend the further purchase and coinage Oh
silver until International arrangement Is fescpu ~
the currency question. The meeting also c'hS"ei.u
the questions OF the establishment Of permanent Ceh
sus Rureau and tho danger arising to navigation rom
large RATS OF timber on the high seas In reference
TO the latter the Chamber adopted resolutions ca"s
the subject TO the attention OF the secretary Oh s'o
Charles s. smith the president Of the Chamber, pre-
sided at Che meeting, which was well at'ehoeo Inv
silver question was brought up by j. Edward simmons
president of the Fourth Naronsl bahh WIN o0 Wv
following resolutions:
Whereas The principal function OF this Chamber Is
10 promote the passage of good laws. the
sTs sn cuisines ss Interests Of the country and
Whereas sound currency has been ioT NOT tb The
chsmbsr. and always received its most carcf"i ana
coDsideraie attention; and 49,, ...,,o . resolution
was adopted expressing the opinion that so maeh OF te
act Of Congress of July H. 1890 as c'p pss n silver
Is against the public welfare and should DC fope'e''
therefore A.. ,r,s,do,, no authorized to ap-
onf committee Of five. OF which he shall be chslr
man whose duty shall be TO urge upon tb frher
rchase ~ silver and any additional coinage OF tne
sane until an International agreemeh. - nofions
between Tie United states and other commercln h"''h'
Oh Essolved That the committee have power TO invite
$be cooperaton OF all other commercial Dooes III uis
ing this subject upon the attention OF ooheresS' 49,
A lively discussion was at once started py W. r
81 John president Of the Mercantile Nauohai nsih'
who offered substitute. which was LAID on inc 'aoio.
& n stranahan spoke in favor OF the resolutions ana
Tocos u schif thought that the subject ought TO be
eterred 10 the Finance COMMITTEES for consideration
,loxarder f. Orr expressed himself In favor OF lhe
,rso,uons but said that he Thought they siiouiu -
f,rther and offered an amendment canins u'o a'
tentjon Of the President Of the United states 10 .,o
.ct,on of the Chamber. Mr.. simmons accepted ''ie
amendment. 80, ,o,r
Mr. St John attacked the resolutions and asked now
a., increase in the circulation OF the coun'rys
money would be obtained II not through the meuiu VI
silver He expressed his regret at uhe ishoi"hoo
that existed the silver question "a 49,.
he had been unable from the records OF the |"'""o
10 refute the charge that it had always
in advance every financial measure ever passeu W
Csongrex Mr. Simmons objected to this oecrira,o"
ana M ST. John replied that he did not mean 'h".
the ignorance he spoke of existed IN the onh"0o 70
roibmerce but in Congress and elsewhere
o. Henry w. Cannon, president OF the Chaso NaV'o"'
Rank said that he was totally tppoSeo " '"0
coinage of silver but thought that the existing csi"
,s.on ,nona moi be repealed without providing some
,n,ro in its pace lie therefore could not favor MI
amnons,s resolutions. G. Waldo Smith offered sun
statute providing for a reference oi 'ne ""oo -
h, the Finance Committee, with INSTRUCTIONS " '"
an investigation and report at an carly da'e.
After sose further discussion the substitute was
VOTED down. and the Chamber then passed the olisi"
r.sa,ntIon as amended by vote of Il to IL
nh. following committee appointed as proVioea
for in the resolutions Carl Sehurz, Abram .. he"iV'
George S. Coe John Sloane and Charles o. shl'h' Ca
ofhclo. - -. ,,o com.
and I'm
,pited the following report which was ordered Oh ne
yonr Committee on International Trade ana I'M
movements have under consideration the matter Of G
e. tSem 1T the last monthly meeting Of the Chamber
ana beg TO report progess thereon ana 20 nyaI on
me snt,ect when they have not had time TO properly
digest but will doubtless be able TO make iuii
at the next meeting Of the Chamber
Tho question of the danger arising to navigation on
te high seas from large timber RATS and wha4eoaek
wss fully discussed In report made by inc ooN''e
ON Harbor and shipping. Their Recommendation .'"'
the Chamber call the attention Of the secretary Oh sa.c
to the matter and urge some action on him. was
ed The report as follows:
ycc,r Committee on the HaTbor and shipping nave
had under consideration the subject OF ine peri t, ~
f neee and are SATISFIED that the subject is sufficiently
grave to warrant some action by tne e1a nr consist
of many thousands OF great logs Of timber bound 10
gether as possible in egsrSna d ram maRe
them almost solid body and are thus toweq by p SSta
tugs by the hShwaSs OF the ocean ION te 800 IN
S sS'Sf s"D 80 s,..,.,n.. ~. ent.,v IN.
inhababe, are not in any way Lighted or h,yser
made dlstinguishabe are towed by very long htwi
dangers of collision at Ses far in excess of any form OF
vessel now existing. 49,, ,o,, ,,o,,ros are liable 10
and have broken adrift from their towboatS,, nave
broken up and become very serious source OF aa-
cast INTO the OCEAN on the other hand, we learn
that by improved methods and appliances uls ua y,
ger Of the RATS being broken up has been largely
Our attention has also been called to the new lew
svhalebackr boats. and the avowed intention OF tns
company owning that patent to build parss~, WIZ
are to be towed by such vessels even across oe ro
Iantic and that now many of such towS CONSISTING
Of such whsieback steamers with two three and four
harees in line and towed by te one VeSs co os all
presenting similar danger although not 70 the same
degree being obvious that no one coph dgy c
your committee can see relief from these dangers
except through oonjont legislation of this ana other
eSmme that y, thu the sssTetsry Of
ss s os 10 9s n Ss danger threatening shipping
high seas and that he be requested 10 invte 9.nor
commercial nations to cooperate IN rss. on oSsr
structure any and every kind which does not carry
whilst aaoat proper distinctive lights by night, and
flags or other sgnals by day WHEREBY they can ne
seTned and collisions which their peculiar structure
render more liable to occl With them be avodahle or
At least reduced to level with other vessels ard Or
binary navigation.
A letter from john T. Purdon, the chairman Of the
Shanghai General Chamber OF Conmelce. was read
and referred to committee. The letter called at
tention to certain fraudulent practices connected with
the sale of cotton goods I'm China, which Mr.. Purdon
saws have become serious injury TO legitimate trade
Owing TO the fact that there IS no law in China by
which trade marks be registered 1t is easy for the
chinese wholesale merchants TO open packages of I'M
stamped goods and counterfeit the marks Of well
known American and English firms The Chinese
authorities have issued proclamation to the effect
that all such counterieited gods would be liable to
oonfscatlon This has had no effect In checking the
rracce and Mr. Purdon asks for the assistance OF tho
New. York Chamber OF Commerce In bringing about O
remedy for the evil
FOR A PERMANENT CENSUS BUREAU.