New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-07
masure deliberatfon have therefore drawn vp some
resolutions which shall be glad to read 70 you in the
tine Of what have already s1h.
THE RESOLUTIONS OFFERED.

resolutions which shall glad read 70 you in the
tine Of what have already s1id
THE RESOLUTIONS OFFERED.
Mr. Clalin then read the following resolutions :;
Whereas This country has often suffered greatly by
reason Of hasty III advised financial legislation ana
Whereas 1t is now suffering from the effect of The
silver clause Of the Sherman act which by
Creating dtrust the ntcrchangeabiity OF our cur
rency silver with our currency based on fod las
caused widespread ALARM and has almost created COM
ncrcia panic ard
whereas In consequence Of this alarm money is with.
drawn from circulation business is greatly depressed
many mills and manufactures closing preparing to
close and thousands Of aboiins men are about 70 DC
thrown OF employment; and
Whereas Business enterprises will pot be resumed
or labor steadily employed until money can be obtained
by manufacturers and by merchants at moderate rates
and
Whereas Ordinary Interest rates cannot be expected
until confidence in the stability Of all the money OF tho
country shall thoroughly Iecstsbishcd that the
lender may not fear repayment In dollars less valuable
than those he lends now. be IL
Resolved First, That the peal Of the SILVER
Purchasing clause Of sherman act, which month
by month readers ,easingly dcu the maintenance OF
the parity of each dollar with every other dollar Is
essential 10 the prompt restoration OF Natona prosperity
This Chamber therefore the speedy and uncOn
dltional repeal OF such silver purchasing clause.
Resolved Second That in the Judgment OF this Cham
Ser representative commission should BE- appointed by
Congress special session about % convene which
commission should diligently study the whole body OF
coinage and currency laws OF the United States and Of
other countries report at tn regular session Of Con-
crcss 10 the that comprehensive plan for saie
and elastic currency may be carefully matufei IN the
light OF the worlds experience.
Resolved That q committee Of members be APP
pointed BY Chair cooperate with other commercial
bodies representing similar Interests this Chamber II
Washington with power Tn use all legitimate means for
the prompt repeal OF the Sherman law.
MR. wINDMCLLER'S SUGGESTION.
Mr. Orr then asked if any one wished to dis
cuss the resolutions. Louis Windmuller said;
Mr. Charm,n 1 rise TO second these resolutions, and
at the same tine l would offer the following addition to
them, namely THAT committee OF sven nj mbers be
appointed ~ the cooperate with other CONNER
Chamber in Washington with power to use all legitimate
means for the prompt repeal OF tn sherman act
Mr. Orr said 1t is not amendment; II
is an addition. Is there any objection to ITS
acceptance bv the movers?' Mr.. Claiiin replied
in the negative. James B. Colgate then arose
and said:
This Chamber has expressed itself Oh the subject OF sill
yer appears that the resolutions are
entirely unnecessary. why thcse resolutions
that are presented ana which would take days and
study and comprehend should be placed before Us
with a demand that act at once upon them 40 not
see why should be called upon u decide as TO their
merits in two and give the sanction OF this
Chamber 10 them without full opportunity for considera
ton. 1t would be simply making the resolutions oi his
Chamber appear ridiculous.