The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1893-09-13
ADVICE TO SENATORS.
Resolutions Adopted by the Board
Of Trade Convention,
REPEAL LEs-77uAN LAWAToNOB

1t is Regarded by These Representative
business Men As the Cause Of Lack OF
Confidence - Remedies May be sug-
gested Afterward.
WASHINGTON, Sept. 13.-Tn the national
board of trade convention, which opened
yesterday, twenty-one states, including
the District of Columbia, were repre-
3ented by 175 delegates appointed by sixty.
nine organizations. Ex-senator Hill. OF Col
orado, delivered the principal speech yes
terday, being present by invitation
A permanent organization was effected
by electing the following ofIicers Presi-
dent eX Governor Il. O. Stanard, Of Mis-
souri, secretary, Ryerson Ritchie, of
Cleveland; second secretary, f. S Card
ner, secretary New York board of trade,
New York. One vice president from each
state represented was also chosen.
In taking the chair Ex-Governor Stan
ard expressed thanks for the honor con-
ferred upon him. He referred to the pri-
vations and hardships by which the west
had been transferred from a wilderness
into a garden. The business men, farm
ers and mechanics of the west had become
satisfied, from the education which they
have received in the past two months that
the national government has purchased
too much silver This convention had
been called to urge upon the United States
senate the necessity for repeating the Sher-
man act. There is sufficient money TO
conduct the country's business, but there
must be a restoration Of confidence. This
could easily be accomplished by the
prompt passage of repeal bill.
At last nights session the committee on
resolutions reported. The preamble re-
ported by the committee recites the tinan-
cial distress which has recently prevailed,
and expresses the belief that these none
tary and industrial troubles are traceable
to the continued purchase of silver bullion.
The committee offered for adoption the
following resolutions;
Resolved, That we heartily commend
and endorse the presidents message and
the decisive action Of the house Of repre-
sentatives in passing an act in accordance
with his recommendation, and we earn
estly urge upon the senate Of the United
States the necessity of speedily and uncon-
ditionally concurring in said action.
Resolved, That it is the conviction of
the business organizations represented by
this convention that any considerable de
lay on the part of the senate. or any fail
ure by it to repeal the purchasing clause
Of the said law, will plunge the business
| interests of the country into a more ser
| ious crisis than that from which they are
now beginning to emerge.
Resolved, That it is the opinion of this
| convention that the only action in regard
to this matter which it is desirable for
| congress to take at this time is the speedy
and unconditional repeal of the purchas-
| ing clause Of said law, leaving for future
| consideration any further effort at finan-
cial legislation, so that it may proceed
with the caution and deltberatiOn which is
demanded by the vital importance of the
subject to the welfare of the country; and
to this end this convention recommends
the appointment of an expert non-partisan
commission to suggest the needed legisla-
tion.
John w, Vernon, of the Providence
board of trade, advocated the adoption of
the resolutions. He repudiated the prepOs-
ferrous proposition that banks and money
lenders have oonspired to produce panic
for the purpose of reducing the debt pay
ing ability of the borrowers in this country
by seeking to perpetuate gold standard
OF value
Representative Bell, of Colorado, OPP
posed the adoption OF the resolutions, and
in the brief space of lime allotted to him
made ringing speech. But he was not in
I sympathy with the meeting, and was
hardly accorded courteous treatment. He
said he thought it highly presumptuous
on the part of the meeting to attempt in a
dictatorial manner toinstruct the United
States senate, especially such men as Jones
and Stewart, who were acknowledged the
world over as among the greatest econ
omic authorities. lie wished to say to his
friends from the east that they We're la
boring under mlsapprehension. What
was the difference he asked, whether the
balances abroad were paid In gold or sill
yer, Inc best customer the manufacturer
OF New England and the east had was the
silver state
Waldo smith, OF the New York Grocers
association, denied the impression souSh'
TO be created IN the mlnds OF the people
by the antlsllVer advocates That the com