The morning call., 1893-07-19
SILVER STANDARD
Chamber of Commerce
and Currency.
ITS VIEWS SENT TO CONGRESS
Some Resolutions on the Nicaragua
Canal, Hawaiian Annexation and
Other Important Matters.

To the exclusion of a consideration of
many other matters of great importance
the Chamber of Commerce at its quarterly
meeting yesterday devoted much time to a
spirited discussion Of the silver question
and the currency.
The members earnestly debated the
great question that is just now the princl-
pal topic of discussion throughout the
financial world.
Many divergent lines of policy for the
Government to pursue were mapped out
and submitted for the Endorsement Of the
chamber before being brought to the direct
notice of this Government and in the end
all were cast aside for the adoption OF a
set of resolutions formulated by the COM
mittee on silver and the currency ap-
pointed at a special meeting Of the cham
Der held on June l.
First from the Cham Der of Commerce OF
the State of New York came communl-
cation emb0dying a set OF resolutions
which called directly for the repeal OF the
purchasing clause of the Sherman act
The reading of this communication pro-
voked the ensuing discussion, after which
the following resolutions were vead:
Resolved. That the Chamber OF Commerce OF
San Francisco hereby con inues TO MAINTAIN
the position that the Sherman sllver-pu;chase
bill should be promptly repealed, but not with
out substitute.
Resolved, That we are convinced OF the ad-
vantages OF bnetallism on proper cilferentlal
basis In the value OF silver anu goid, ana we
recommend AS basis for coming silver the diff
Terence Of 20 silv TO l gold, as the most eX-
pedient nd just to all.
Resolred, That this Chamber respectfully
calling in all paper circulation below the de-
nomination OF $40 (en dollars as) the most ef-
fectivs and prompt method OF promoting the
circulation of silver among our people.
Resolved, That copies OF these resolutions.
properly attested. be forwarded 10 the honor
able Senate and House Of REPRESENTATIVES,
when II shall assemble in extra session; also.
that a copy be forwarded to the President OF
the United States.
Resolved, That the California delegation in
Congress be requested to support The measures
hereby recommended, as SubservinG the pest
interests OF all American citizens.
George K. Porter offered as substitute
tor those resolutions the following:
Resolved, That II is the opinion OF the Cham
ber of Commerce OF San francisco that the
Congress OF the United States should immedi-
ately enact a law providing for the free ana
unlimited coinage OF silver, and that 1t be a
legal tender for all debts except The public
debt and custom duties. ana that the United
States issue no bills or gold currency under the
denomination OF $40.
For nearly an hour MIR. Porter talked
about the advantage OF free and unlimited
coinage of silver.
Substitutes were also offered orally by
Messrs. Coleman. Craig, Briggs and Smeet,
all involving the speakers Ideas OF cur
rency and the solution oil the silver prob
lem.
Taking up the substitutes in the number
of their Offering the chamber voted almost
unanimously against each and every one
of them aud then adopted the original res
olution by sections.
The following resolutions, urging the
construction OF railroad through the San
Joaquin Valley, were adopted:
Resolved, That this Chamber OF Commerce
recognize the great need of competition in
local transportation within the limits OF the
S ate, and appreciate the great b neft which
will come TO ihis city and the State at large by
the introd c.ion of such competition. We r c.
ognlze that This can only be secured In an
effectual way by our own effort and by means
Resolved Thai we heartily indOrse the efforts
being put forth by the Traffic Association OF
California to secure the early construction of u
line OF railroad through the san Joaquin Val
ley, and urge upon our citizens Of all classes
their cooperation and support in that enter
Prise.
In the shape of a memorial TO Congress
a res OlutiOn was also adopted, embracing
tie following sentiment. without discus
sion:
The Chamber OF Commerce OF San Francisco
is Impressed with the comm rcial necessity as
well as the military and political advantage of
the Nicaragua canal 10 the United States, and
prays that Congress Will promptly enact
such legislation as will secure the sp edy con-
struclion OF this work under the control Of the
United States Government.
A communication from A. j. WOodson
of Sacramento concerning State good
road convention was received from the
committee to which 1T had been ltferred.
together with the result of the CON-
mittee's considerations, which favored the
appointment Of committee Of two Elem-
bers Of the chamber to attend the conven-
ton. The president will appoint tine com
mittee. The convention will be held at
Sacramento on September T.
A resolution was adopted, though not
unanimously, urging upon the Govern
ment Of the United States tine necessity uf
prompt action in responding to the
prayers of the psople OF Hawaii tor an
nexation to the United States.
The chamber adopted an amendment to
the bylaws Of the chamber providing that
political questions that are partisan in
their nature are prohibited from consider
alton or action by the chamber.