The sun. [volume] (New York [N.Y.]) 1833-1916, 1894-03-21
DONTCOME,
al JHE cH<MBks or coMrERcE CON-
Mr. TEE sT<T ar H0nE.

r,., w.-. ee,-e - w..h,.s,s- with tss
a -nr,.i As.i-.. ere se,r-isr-ss Nun
Adopted Yesterday, s-s e.. President
.s,I-.s As.i.ss q, s.e Tssy we.'t 90.
President Charles r. Smith of Chamber
.,Com merce said last night that. on account
.i,dyic-s received from Washington. the com
.,i,,,s appointed ~ the Chamber yesterday
.ould not 10 to Washington to-day to
IA, before the President the memorial the
rh,uL.r adopted yesterday ursips him to
y,,O the Bland s.isniorses bill
This news was communicated 70 TIE SuN
4, ,,lsphoue through q messenger who had
"a further information. and at an hour when
N, smith had gone 70 bed. Mr.. Brayton Ives
!, IN. committee was found. hovsvsI
The reporter asked him n the sdvices from
v..h,raton we're that the President had made
=, M. mind one way or the other. and that
th.r. vas no need Of the com mittse coming.
Mr. Ives said;
There was no intim alton In ths despatch
q, to the action the President vould take on
The s.lenIoraes bill-sbsolutely hrna The
s.,rateh simply said that the Precedent adj
y,.sd against the com mittee's coming TO Wash
ins,on. and the committee decided to respect
his wishes"
..lsd. Mr.. Ives said that he couldn't say a.
80, Th., had talked n over and decided
-. a. 90 tn. oommittse that was TO-
a. w..h,,ston eonsiss.d of Bray
ton Ives. John Crosby Brown. Oscar g Stratus.
A. 4. Orr Henry Hentz. J. Edward Simmons.
w. W. Sherman. Morris X. Jssup. Henry ".
Cannon. Hugh N Camp. J. T. Terry. Scion
Bumphrcys, Z. q. Leeeh. Louis y. windmnller.
ps..,, w..i.v and Charles stewart smith.
Tn. ,..morisl %. drawn nm by Abram e.
~, "a tie, .,cre..inp the con adsnoe Of
Nv, h..h., Of Com nero In the past nnan-
,,sl poiIey Of tn. Executive. Il goes on to say
tina, the bin in Question mi:Ispr..snts the
There 4. no ssisnioraae' In tho Treasury
uron the silver ouiiion mus pus.nasea ny
term seisnioraGe means the charge MADE
,s.n., III. owners Of bullion ' oil .a,naG
phne'rC 'ns sane .,,.sr =, ~. T,...nrx
has been purchased By the aovernmsnt and
none oil u mas. therefore, oeen suo'o0' W sS
'a. S.S o. n.. ,n.Ts been r.o upoo
III. amount Of silver purchased under the
y.ry heavy loss. The bullion purchased under
average Of 81. ~ cents per ounce. and Treasury
notes are now outstanding TO the amount Of
sisaa.s ESQ representing ali the bullion now
in the Treasury and purchased at that rata
The pre.su, mArks, value OF silver in this city
s5os cents per ounce. showing a loss on every
tons Of the Govern m emit are now outstanding.
ors2oi cents per ounce. Instead. therefore. OF
there being gain OF 800. looooi. there 10 an
actual los. Of ..ss.eso"
Ire an issue OF further silver certificates to the
= ssseeIIsss sssid snas' be espifajiEe Up An
Gs3ff.qgzaf s9s n = - ~ s{es yt
Inadequate Tor lie psde psos 81 he TssssSry
noies Bow outstanding. In comparieon with
this operation the issue Of nat money becomes
the faith of the nation, The proposed new
issce Is hnsed upon the violation OF the faith OF
shisS was pledged undsr the oct Of issU ior
We redanpiion OF the Treasury notes issued
il : estiopai hank should thus By false ep.
Tiles aftempt e. eonvert re losses tnto assets
and Issue .obitRattane thereon. LIS orncsrs
soSid hs iispis 90 rms aud imp u s Ia
private firm were thus TO falsiiy he hooks. its
pemb-rs would ommif fraud. and IN case OF
scihrd ~ law for the puuishmsnt OF iraudu-
Lent del torA TIE Chamber respectfully sub
mis- lnat Nuilc IN ACT ~ CougIcss mlknt
grant immupitg. no LEGISLATION could possibly
change the moral aspect Of such transactions.
=, MOI cover. under the. act which repealed
hs purchasing clause OF the act OF July II,
lasl. ths faith OF the Government was praeti-
esly pledged "a. the mAintsnAnes upon the
serinsAlss. and currency Issued in accord
saes With the law. The silver coin and hui
boo sow In the Treasury. Represented either
d siiysf eerttncafes or by Treasury notes.
anounts 10 $3.50. lbd O37. In addition to silver
S dollar. In circulation. ACCOUNTING to s53.-
Wool5, upon which there has besn denIe-
gatlon In market value OF slb3 2OO.OOO. The
ShAm Dor RESPECTFULLY represents that this de-
neieneY which IL now practically guaranteed
~ law TO DO made good In gold. creates an en-
blrFnssment. TO the public finances OF great
oimeulty inyolvinR the grayest possible 'dAn-
ger The part OF statesmanship would seem
y % 70 take every possible stsn toward the
lseessary 20 preserve the piighted faith Of the
Ne oLlIsstio, = % saId rha iii noS psniing
sNVe you Meakens the sscuIuy unoer tno
eortfol OF the Treasury Depart nent ana 10
e.leolAted 10 DESTROY ronhcenre In the ability
ofthe uoyernment to maintain the currency
upon a gold basis
|Th. 80 - 49,. .-A..k $50. -
fa..J =. 49, ~, sonHnsheo nhsn was pto-
ofsiIr.y unS.1 'b o. st h,a pu,hhna an
nonefArB crisis OF such severity as 10 spread