The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-07-07
TO Work AG1INST SILVER.
A Chamber Of Commerce Committee to Go (
Wnshineton-A Monetary CommissIou,

| A Chamber Of Commerce Committee to Go to
| wnshineton-A Monetary Communication.
| The Chamber OF Commerce. at a special
meeting yesterday. again registered its oppo-
| stion to the Sherman silver law. There was a
| full attendance of members. Over $500. DOC. 600
incapital was representod. The Chamber on
other occasions has recorded its objection to
silver legislation and its aog ed hurtful effects
Vice. President Alexander f. Orr presided and
John ClaGin was the first speaker In his
speech Mr.. Claflin among other things. said:
We do not need to ne told that financial strain is
upon We have all fet 1t for long time Men who
have been through the great pancs OF and 81 and
13 have told mo that this strain has been
that OF any other. Tbs commercial community has
boon spared crisis but. believe not because the
strain has been moderate has been less has bee
indeed even small that Of other times but sim ply
because, fortunately. the commercial community has
have w:.y stood to!sthsr and have Afforded The
cry entitled DO not feel that we on the Of
cause commerce is able to stand IL but, a pass
ismp pd' Vi INC present trouble 0'
Mr.. Claflin said that ono trouble had been
at the bottom Of all others. that is. the silver
purchasing clause OF tho Sherman act Nj:
line. offered these resolutions:
reason OF has,y and :!advised financial lsEisaton:
Th,,cs. II is now suffering from the enee. of sill.
sIsa,ins Ii,Fast 70 the hanseati,y our
gold. has caused widespread alarm, and has alan ost
created u commercial panic: and
Whsn'. In consequence OFT this -n.rnouey with.
draw from circulation. business is greatly dcprcs
ing close, and thousands or laboring abou
TO be thrown out OF employ and
nor labor be steadily employed until money be
tanned by manufacturers and by merchants at moder
M. .. Ordinary interest rates cannot be expected
until confidence in the STABILITY of all the money tho
country shal! be thoroughly rers,abshed that the
lender not fear In dollars less raua
able than those he lends: now be II
Re''red First that the repeal OF tho silver purchas
Ing clause OF the sherman act which month by month
renders Increasingly dinicut the maintenance OF the
parity Of ench dollar with every other dollar is
This chamber, therefore, urges the speedy and uncoh
diiionai repeal OF such silver purchasing clause.
Der representative Commission should he appointed
by Congress AZ the special session about to convene.
States ana Of other countries and report at tho
plan Tor safe and elastic currency may be care.
fully natured in tho light or the worlds experience.
pointed BY the Chair 10 coaperste With other commeP
cal bodies representing similar interests AS this Cham
Der in Warrington with power to use all legitimate
J: Is. Colgate objected to Mr.: Clanln's reso-
lutions, So did A. Foster Higgins. Both
So did William Il st; JOHN, But Mr.. Ciafiin's
resolutions were adopted. Mr. Colgate. Mr..
tive. copy Of Mr.. Cafiin's resolutions will
be sent to President Cleveland and oil Sena-
tors and Cong essmen.
Acting President Orr. IN obedience to the
csn Henrs usihv f. sehWsG M
liam T. Trenh ohm. Cornelius n. Bliss. J. Ed
ward Simmons. and John Sloane.