The times. [volume] (Richmond, Va.) 1890-1903, 1893-10-13

ford. Colonel John B. Cary NJ. Mlllhlser,
Iunius Morris. J. r. Tucker, Jr., Joseph
Bryan j. y. Boyd, A. Is. Clarke. h. A.
Patterson, John r. West, T. n. Whittle
Jr.. j. r. Werth. r. g. Leigh, Rufus A.
YarbrOugh. a. NJ. Seldom. W. b. Cay,
j. M. Fourqurean and G. A. Taylor.
En route q meeting OF the commit .ee
was held and Colonel Cary was made the
chairman. IL was also resolved that the
purpose OF the committee and the reso-
buttons asking the unconditional repeal
OF the Sherman law should be presented
by Colonel Buford and that Mr.. Miiihser
should specially represent the mercantile
interests I'm scconding the remarks Of Col
onel Buford.
II was understood that any other mem
bers OF the committee might add such
remarks as they might deem proper.
On reaching Washington the committee
in a body repaired TO the Capitol. and
were met in the Marble room, behind the
Senate Chamber by Senators Daniel ana
Huuton, both looking as fresh as If they
| had had the most comfortable nights
rest. committee from the Chamber of
/ Commerce Of Alexandria met the SEN
/ ators al the same time and place. and
/ the ioint bodies were led into the Commit
tee room Of the District OF Columbia, the
/ room being well filed Colonel Cary took
/ the chair, and, both senators being pres
ent, ne stated that Colonel Buford would
act as spokesman for the Richmond com
/ mittee
This Colonel Buford proceeded at once
/ 10 do and while deprecaung any such
1 presumption as undertaking to instruct
or lecture the senators. ne urged, forcibly
| and earnestly, the wishes and the neces-
/ stiles Of the mercantile and manufactur-
] ing interests OF Richmond, and read the
| resolutions Of the Chamber Of Commerce.
! At the close Of Colonel Bufords remarks
/ Mr.. Mllhiser gave in some evidence Of
/ the trouble brought upon the merchants
/ by the unsettled condition Of the national
/ financial policy.
I Mr.. James y. Boyd then gave the views
/ Of the young Democracy, and pressed the
/ necessity of such action as would com
mand the confidence. not only of the
business men Of the North and East, but
| OF the party workers at home, who feel
| discouraged by the attitude Of our South
| ern senators on this financial question.
Mr. Arthur y. Clarke added brief ad-
dress, which, however was full Of force
He was interrupted with questions by
Senator Daniel, as il appeared to break
the force Of his argument but Mr.
Ciarke's answers were direct and pointed,
and the senator was fully and satisfac-
tOrly answered.
MIR. -. b. Gay stated that he was a
. ] IltiIUtI OF a S9uultdAt Aldl UdQ DTOuEHl
| about a million Of dollars to Virginia,
That at first they had been obstructed
| by Virginia's financial troubles, and now
with much more TO be done, the lack
of confidence in the national financial
system, caused capital TO withdraw from
new enterprises.
Mr.. Junius Morris followed, and while
expressing the highest personal regard
! for the senatOrs-especially his friend
Senator Daniel-earnestly urged action.
Mr.. Werth gave the experience Of a
building association, and showed how hard
the financial situation bore upon the work
ing classes.
The Richmond committee having had
their say. the Alexandria representatives,
headed by Mr.. John d. Burke. made
| similar statements. Several Of this COM
mittee spoke, and spoke forcibly.
! Senator Daniel arose and made a short
| address, and insisted that the sherman
law was not responsible for the panic
and, II so why had we had the panic in
1890 and why had there been the Aus
tralian panic-Australia being on an ex-
clusively gold basis. lie said, II want
| some one present to answer me" He
then sat down. After a brief interval
Mr.. Joseph Byran undertook to answer
| the senator's inquiries. lie stated that
| the senator was one Of the best informed
| men on financial subjects In the country
| and he had no hope or expectation Of
adding 10 his information. The deductions
Of the senator, however, from the facts
were very different from those who
| favored the repeal OF the Sherman law
! Mr.. Bryan then gave an account Of the
| Barring failure in 1890 growing out Of
| wild investments in Argentina, and the
| unbridled corruption Of the officials OF
| that country. He also stated that the
| enormous capital Of Europe-and especial
| ly Of England-always seeking invest
ment. was tempted to 80 TO Australia in
excessive and Improbable amounts be-
| cause il was an English colony on a
gold basis, whose undeveloped resources
were very great, and had afforded such
| opportunities for heavy returns that the
| business had been overdone. Speculation
| had run riot as il did In our own land
| boom on a smaller scale.
| Mr.. Bryan stated that before the re-
| sumption of specie payment in 1879 there
| had been direful predictions of contrac-
| ton by the soft-money Democrats, where
| as. In fact. this resumption Of specie pay
! ments had caused a great expansion Of
| money and had brought flush times. He
| elieved tie same would be true If me
! Sherman law was repealed, and the dan
| ger Of excessive issue Of silver was re-
| moved.
Senator Daniel then made long ad-
dress, reviewing the nDdncldl ana polll-
| cal situation declaring his faith in silver
as a money metal of equal dignity with
| gold and insisting upon the observance
| Of the Chicago platform by present legis-
lation i'm connection with the repeal Of the
| sherman law. He advocated the repeal
! Of the ten per cent. tax on the issue OF
| State banks. and said this repeal should
| be a part Of the act repeating the Sher-
| man law, He declared that he would al
ways aid In bringing about vote, and to
! that end both senators had been present
| at every roll call to make a quorum
! cept one. He concluded by saying that
he would rather die than abandon the line
| Of conduct dictated by his convictions.
Senator Hunton confirmed the views of
Senator Daniel as to the line Of conduct
OF the Virginia senators. They would not
| delay or obstruct vote. They would al
| ways be on hand 10 make a quorum.
| They would vote for such amendments
as in their judgment would preserve sill
! yer as a money metal Senator Hunton
gave IL as his opinion that the Sherman
| law would not be Internationally repealed
but that final vote would be had within
| a week or ten days, and that there would
be a compromise.
This concluded the conference, and both
| the Richmond and Alexandria committees
j then withdrew. The Richmond gentlemen
| left for home this afternoon.
| -S
| COURTED HER BY SIGNg.