Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1893-07-13
HUBS BUSINESS MEN
Want the Silver Purchas-
ing Clause Wiped Out.
RESOLUTIONS ADOPTED.
President Cleveland's Action Endorsed
BY q National Bank President.

Boston, July IA special meeting OF
the Chamber of Commerce, to which the
public was invtcd, was held yesterday at
O'Clock. There was a large attendance.
Many of the most proniinent of Boston
business men were present.
President Kemble said that the meeting
was called BY the special request of great
many members of the corporation, and
was for the purpose of considering the
silver question In its bearing upon the
present state Of business affairs.
Alden Speare offered the following reso-
lutions:
Whereas, since the passage. July Il, 1890, of
Che so-cailed sherman act, this country has
fairly tried the policy of purchasing silver
bullion, and az result finds its treasury de-
pleted by the withdrawal Of gold, and filed
with silver which II can neither circulate noI
sell, and which is rapidly depreciatng In
value, the confidence of the nation and OF all
who deal with IL is greatly shaken and bust
ness everywhere checked.
And, whereas, while tn Is policy continues,
no man feels safe In making contracts, invest
ing capital, or undertaking new enterprises,
and unless confidence can be restored, the
great disasters, depriving capitalists of their
property and laborers Of their livelihood, are
likely TO ensue.
country. with it's enormous natural resources,
Its unexampled credit, its annual income of
thousands of millions, its magnificent crops,
which other nations must buy TO live, its great
and thoroughly organized industries and
everything that can make IL rich and pros
porous, TO allow the whole business life to be
paralyzed by suicidal laws
Therefore, Resolved, That the Boston cham
ber of commerce, In public meeting assembled,
hereby earnestly calls upon congress, which
is soon TO convene, for the immediate and un-
conditional repeal Of the silver purchasing
clauses of said act.
After the resolutions had been seconded
Dir. Speare spoke for short time.
IL seemed a little strange, he said, that
country which little more than year
ago was on flood tide of prosperity
should find itself In its present condition.
The course we are now pursuing In re-
lation to silver will lead to evil results,
and, consequently, that is the reason we
offer these resolutions"
Mr.. Speare reviewed the silver legisla-
tion since the formation OF the govern
ment, and said that II the present dis
astrous policy was continued the gold
would all be driven out Of the country.
Views Of q Bank President.
President w. w. Kimball of the Fourth
National bank said that he would favor
the placing of duty on all silver brought
here from foreign shores.
He would make dollars worth of silver
redeemable in dollars worth of gold
every time, and was In favor of doing all
In our power to protect the great silver
producing industry of this land 1t GER
tainly must not be allowed to utterly fail.
Thu kar fhnnobt haf praoiIavf
Cleveland was an able, consistent, honest
and powerful hard-money man, and he has
reiterated in the past few days that he be-
lieves as firmly as ever In sound currency.
Oi'It is the duty of all business men to
stand by him and support him In the great
effort he is making to bring order out of
the present chaos. and make our country
as sound and solid as the eternal hills from
which our precious metals are drawn.
''The present currency Is undeniably q
deprecated and discredited one, and has
made us the laughing stock of the world
"There is widespread business uneasi-
ness in consequence, but there Is really no
need for panic, and the solution Of the
question may bareached easily and quietly
by legislative action"
Collector Beard
was applauded when he arose to speak. He
advocated In no uncertain terms the re-
peal of the purchasing clause of the Sher-
man silver bill
I'VE are seeing the results today" he
said, "of trying to make silver the basis of
the foundation of our currency system"
He thought 1t was fortunate that the
country had at its head q sound money man
in President Cleveland, .and the people
should hold up their hands and help him
L.. ,olo xrh mill
this great mistake.
Henry M. whitney
said he was one of those men who. fully
recognizing the gravity OF the situation,
believed the battle had been fought and
victory won.
He knew the aggressive sentiment which
prevailed in this land and he knew IL
would be felt in the halls of legislation
and the repeal Of the obnoxious portion of
the Sherman act would be accomplished.
He knew how potent and powerful q
thing public sentiment was. Il had passed
out of politics. There was but one senti-
ment prevailing, and that means unques-
tionably the repeal.
The speaker said that two things should
be accomplished First, the repeal Of the
law, and then, IL the government needed
more gold. let IL borrow its gold at any
Bate OF interest that might be necessary.
At the conclusion of Mr.. Whitney's re-
marks the resolutions printed above were
passed amid applause.
On motion of Mr.. Cressey IL was voted
that q committee of three, Of which the
president should be one, cooperate with
other commercial bodies representing sim
liar interests in Washington, with power
to use all legitimate means for the prompt
repeal Of the purchasing clause Of the
Sherman act.
Dr. Pulforo Bound Over.
NEW HAVEN, July 1S-The examination
OF DIR. w. H. Pulford In the HELEN Mes
bitt case at Ansonia yesterday was very
prief. The defendants counsel raised
demurrer, which was overruled. Then the
dsfsndant waived further examination
and was bound over to the October term
of che superior oourA The bond was
raised from $1,000 b 11nooo
The Golden Secret Of LonG Life.
Keep the head cool, the feet warm and the
bowels open. Aunt fsnnv's Health Restorer