The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1893-07-14
BOARD OF TRADE.
Answers Received from Congressman
Regarding the Silver Purchase
Resolution.

KeSOlutlOH.
There was a good attendance at the
Board of Trade Monday morning.
Secretary Chapman stated that he
had received replies from several OF
the Minnesota delegation in Con-
gress in reply to the copies of the re-
Gently adopted resolution, which had
been sent them, regarding the contin-
ued purchase of silver They were as
follows:
ST. PAUL, July 5, 1898.
DEAR SIR am in receipt of your
esteemed favor of the 18th 'ult., being
the resolutions of the Board of Trade
of Mankato. | shall vote for the re-
peal of the provision of the Sherman
bill which provides for the purchase
of 4,5OO,O 900 OF. of silver monthly, and
shall vote generally in favor of any
financial legislation which will tend
to remedy present evils and remove
present discomfort.
Very respectfully yours,
G. X. DAVIS.
MANKATO, June 20, 1898.
DEAR DIX L Jul CSUCCllOu 1ofOA
coveying to me the resolutions of the
Board of Trade concerning the Sher-
man silver bill is received. The mat
ter is an Important and Will nave
my most careful consideration. My
Judgment coincedes largely with that
expressed in the resolutions.
Respectfully yours,
j. T. MCCLEARY.
WT>rnN. lima % 1902
DEAR SIR-Your favor of the 10Th,
enclosing resolutions adopted by your
board has been received. Permit me
to say that heartily concur in nearly
all of the statements of the fact con-
tanned in the preamble and resolu-
tiOns. | believe that the conviction
has become very general, not only in
this country, but in Europe, that our
present stringency in financial mat
tiers is the result of want Of confidence.
In fact, speaking for myself, l would
say that it is wholly due to lack OF
fidenCe. This is not, however, In my
judgment, caused solely by the opera
tion Of the Sherman silver purchase,
law Doubtless this law has contrib
uted, but there are other causes,
chief of which is the uncertainty as to
the future. However, it seems to be
an universal belief that the repeal OF
the Sherman law, or so much of it as
requires monthly purchases of silver
and the issuance Of silver certificates
therefor should be repealed and that
this would afford some relief. In
view of this fact, and because we to-
day, under the Sherman law, are yir-
I'm lly h,1u Gil h1l w GOLD
on an equal basis, | shall favor the
early repeal of this law should con-
greSs be convened IN extra session for
that purpose. l am
Yours very respectfully,
J. A. TAwNEY.
The letter from Loren Fletcher has
already appeared in these columns.
A communication was received
from several Denver exchanges
asking that delegates be
sent to convention TO be
held at St. Louis, July 18th, to try to
prevent the calamity involved in the
destruction of the silver interests"
On motion Of John n. Hall, the
secretary was instructed to reply that
''the Board is not in favor of distress
ing the rest of the country to enrich
few silver mine owners"
A communication was received from
the Philadelphia Board of Trade
urging the early calling together of
congress.
Resolutions recently adopted by the
chamber of commerce of New York,
regarding the Sherman law were re-
ceived and read.
A bill from Geo. E. Keene for $1,000
for photographs for the Mankato ex-
bibit at the Worlds fair was received.
1t includes $3.50 for j. Manderfeld
for the frame and plate glass. The
bill was laid over until the full COM
mittee should be present, as it was
much larger than was expected. One
item is for $40 for a negative of the
High school building, while pictures
one size smaller of the court house
and Normal school were taken, cost
ing only Sc each.
A bill for So for photographs of the
fountain, taken by A. Blissenbach,
was allowed.
Messrs Christensen, Klein, Leo
Lamm, Brett and Farr spoke of the
Mankato and Minnesota exhibits at
the Worlds fair, and the opinion ex-
pressed was that they made a credit
able showing, except the Mankato
stone in the state arch, being full of
sandholes and not a fair sample of
our stone to put in comparison with
the other stone of the state.
The board adjourned.