The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-09-14
BUSINESS MEN MEET.
Jersey City's Delegates Honored at
the Boards Of Trade Con-
ventioD.

The convention of the Boards of Trade
Of the United States. was convened IN
Washington. Tuesday last. The JERSEY
City Board of Trade was represented BY
Mr.. Joseph Dear and Mr.. Andrew J. Cor
coran. Over 200 delegates were present.
The convention was called for the pur.
pose of considering the financial situation
In the country. 1t was evident from this
very beginning that the delegates were
In favor of the repeal OF the Sherman
law.
JERSEY I DELEGATES HoNoRED.
The Jersey City delegates were highly
honored at the meeting. Mr.. Joseph
Dear vas made one of the vice presi-
dents, and Mr.. Andrew j.. Corcoran was
appointed on the important COMMITTEES
on resolutions.
After addresses by prominent gentle
men on the financial situation, the
following resolutions were adopted:--
q RESOLUTIONS.
Whereas, The serious monetary and Industrial
distress prevailing throughout the country has
rendered necessary the calling together. at the
National Capitol, Of this convention Of repre-.
sentatives of business organizations from all
sections of the United States: and
Whereas, The evils from which the country Is
suffering are in o large measure attributable to
the effects of the silver law Of 1850, known as
the sherman silver law. under the operations of
which doubt has been cast upon the psrma-
nency OF our monetary standard, and thsre has
arisen widespread apprehension aud alarm,
causing a withdrawal of CAPITAL and the hoard
ing of money, and in this way bringing about q
ser ious scarcity in the circulating medium; and
Whereas. The President of tb ,4uited States,
10 his message. submitted to Congress- on August
8, has clearly pointed out the only means of
giving immediate relief. and has urged tn e
prompt and unconditional repeal OF so much of
said law as provides for the continued pur-
chases of silver; aud
Whereas, The prompt and emphatic action Of
the House of Representatives in passing a bill
for the repeal of the purchasing clause of said
law has already produced markedly beneficial
results in stimulating the renewal OF confidence
and the revival of all classes Of business; aud
Whereas, 1t is proper ut q time like this that
there should be an expression OF opinion from
the business bodies and institutions of the
country; therefore be it, by this convention,
Resolved, That we heartily commsnd and In
dorse the Presidents message and the decisive
action OF the House of Representatives In pass
ing an act in accordance with his recommends
ton. and We earnestly urge upon the Senate OF
the Uulsed States the Necessity Of speedily ami
uind Internationally coneurrlng in said action.
Resolved further, That it is the conviction Of
the business organizations represented by this
convention that any considerable dsiay On the
part of the Senate, or any failure by II to repeal
the purchasing clause of said law, will plunge
the business interests of the country into a more
serious crisis than that from which they are
now beginning to emerge. "a
Resolved further, That it is the opinion of this
convention that the only action Ia regard TO this
matter which it IS desirable for Congress to
taxe at this time is the speedy and uncoudi
tional repeal of the purchasing clause of said
law. leaving for future consideration any fur
Their effort at financial legislation, SO that 1T
may procesd with the caution and deilberation
which is demanded by the vital Importance of
the subject to the welfare of the country, and to
this end this convention the ap-
/ Dointment OF an expert, non-partisan commits
sion to suggest the needed legislation.
Resolved further, That these resolutions be
printed and that copies be sent to the President
Of the United States. to the President and mem.
bers of the Senate. and to the Speaker and
members Of the House of Representatives.