The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-07-07

so that the lender may not fear repay
ment in dollars less valuable than those
he lends, now be il,
"ReSolped, That the repeal Of the silver
purchasing clause OF the Sherman act
which month by month renders diff,
cult to maintenance OF the parity OF
each dollar with every other dollar is
essential to the prompt restoration OF
national prosperity This change there
fore urges the speedy and unconditional
repeal OF such silver purchasing clause.
RESOLVED, That in the judgment Of
this chamber a representative commits
sion should be appointed at the special
session about to convene, which com.
mission should diligently study the
whole body OF coinage and currency
laws OF. the United STATES and OF other
countries and report at the regular ses'
sion OF Congress, TO the end that com.
prehensive plan Tor q safe and elastic
currency may be carefully matured in
the light OF the worlds experience"
With an amendment providing for
committee work at Washington the res
olutions were passed, tho whole cham
ber voting aye except William Z, st,
John, A. Foster Higgins aud ]. b. Col
gan,
]. r. Colgate said he thought the re.
solutions were complicated and that
they should be printed and studied for
week before tho members were re-
quired to vote upon them. Any way
he did not think the adoption Of the
resolutions would have the slightest
effect. There were cries OF Question"
from various parts OF the chamber but
Mr.. Foster Higgins obtained the floor.
He said he disagreed with Mr.. Clailin
as to tho cause OF the financial disturb.
auce, but, at the same time,
ho personally had no objection
to the repeal OF the Sherman
silver purchase law. Ho admitted that
there seemed to be very general opin-
ion that the Sherman law was respon-
sible for all our troubles, but he
asserted substantially that tho majority
were wrong. Mr.. Higgins then plunged
into mass OF statistics OF tho money in
the world from the time when money
was first used, and urged that those
figures proved the conclusion OF the
British commission, namely, that every
step had been taken in the direction Of
q monometallic basis had retarded the
progress and prosperity of the world.
There was not enough gold in the
world, he said, TO supply the money OF
the world
Mr.. ClaAin replied to Mr.. Higgins.
The thing fos this country TO do, II Mr..
Higgins and Mr.. Colgate woro right,
was to bring all the gold we could into
this country and snow Europe that she
could not do without silver. That
would be the best way to remonetize
silver throughout the world. But Just
80 long as the Sherman law remained
on the statute books, so long would this
want of confidence and the disturbed
condition in financial and commercial
circles continue.
The resolutions were declared
adopted, the result as announced by
the chairman being three nays against
the whole chamber" The chairman
at the close OF the meeting appointed
the following members as the commit
tee to go to Washington aud work for
tho repeal OF the Sherman silver law:
John Chahin, Henry Hertz, Gustav II.
Schwab, W. L. Trenholm, Cornelius N.
Bliss, j. Edward Simmons and John
Sloan. The chamber then adjourned.