The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1893-09-13
ADVICE TO SENATORS.
Resolutions Adopted by the Board
of Trade Convention.
REPEAL THE SHERMAN LAWAT ONCE

u Is Regarded by These Representative
business Men As tho Cause of Lack OF
Confidence - Remedies May be sug-
gested Afterward.
WASHINGTON, Sept. 13.-In the national
board of trade convention, which opened
yesterday, twenty-one states. including
the District of Columbia, were repre-
sented by 175 delegates appointed by sixty.
nine organizations. Ex-senator Hill of Col
orado, delivered the principal speech yes
terday, being present by invitation.
permanent organization was effected
by electing the following officers, Presi-
dent, ex. Governor f. 0. Stanard, of Mis-
Rouri; secretary, Ryerson Ritchie, of
Cleveland; second secretary, +. 8. Gard
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 prl-
vations and hardships by which the west
had been transferred from a wilderness
into garden, The business men, farm
ers and mechanics of tho west had become
satisfied, from the education which they
have received in the past two months, that
tho 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 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 recitos the fnan-
cial distress which has recently prevailed,
and expresses the belief that these none
tary and industrial troubles are traceable
10 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-
scntatives 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 IL Is the conviction Of
the business organizations represented by
this convention that any considerable de
lay on the part Of the senate, or any fnil-
ure by it to repeal the purchasing clause
Of the said law, will plunge the business
interests of the country into a more ser
fous crisis than that from which they arc
now beginning to emerge.
Resolved, That It IA the opinion OF this
convention that the only action in regard
10 this matter which it is desirable for
congress to take Mt this time is the speedy
and unconditional repeal of the purchRs
ing clause of said law. leaving for futur,
consideration any further effort ut finau
ciRl legislation, so that il may procer,
with the caution and deliberation which /,
demanded by the vital importance OF the
subject to the welfare OF the country; ana
TO this end this convention recommend,
the appointment Of an expert on-pnrtisan
commission to suggest the needed legisla
Lion.
John W. Vernon, of the Providenc.
board of trade, advocated the adoption
the resolutions. He repudated the prepos
ferrous proposition that banks and none
lenders have eOnspired TO produce pani
for the purpose OF reducing the debt pay
= snR ability Of taeb0rTowefs "a "a this eonn:T
by seeking to perpetuate gold standnr'
of value.
Representative Bell, Of Colorado, OF
posed the adoption of the resolutions, an,
in the brief space of time allotted TO hin
made ringing speech. But he was not i;
kF
hardly accorded courteous treatment. II,
snid be thought it highly presumptuous
on the part of the meeting to attempt in a
dictatOrial manner to instruct the United
States senate, especially such men as Jones
and Stewart, who were acknowledged the
world over rs among tho greatest econ
omic authorities. He wished to say to his
friends from the east that they were la.
boring under a misapprehension. What
was the difference lie asked, whether the
balances abroad were paid in gold or sil
yer. The best customer the manufacturer
ofNew England aud the east had was the
silver state.
Waldo Smith, Of the New York Grocers
ass6 citation, denied the impression sought
to be created in the minds of tho people
by the anti-silyer advocates that the com,
mercial interests OF the east were dom
mated bY Wall street
Representative Pence followed As 4
member of the committee on resolution,
he said he must dissent from the resolu
tons presented. He then proposed sub
stitutc from the silver standpoint, which
of COURSE was received by the meeting a.
Rjcke. Mr.. Pence then proceeded 10 ridi
Guile the importance Of the meeting, II Il
had any, on the United States senate DID
they have the presumption to suppose thai
any action taken by them would nave in
huenoe on such men us Vest and Cockrell
''You might tickle the fancy OF the chic
executive" said Mr. Pence In conclusion
"but shall be greatly disappointed if /;
representative of sovereign state will b.
Influenced by such resolutions"
The vote on the resolutions resulted
Ayes, 1876; nays, g.
A committee OF ten was appointed t,
wait upon Senator Voorhees,, chairman o
the senate finance committee, and presen
copy of the resolutions
After votes of thanks to the chairman o
the convention, the Washington Board Q
Trade and the New York Board of Trad
and Transportation, an adjournment wa
taken, and the president authorized to cal
another meeting when he may deem /
proper, to continue the work now taksi
up,