New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-07
MR.. SMITHS REMARKS.

Charles Stewart Smith, who introduced the reso.u-
.,ns said in bringing them 10 the attention of
the Chamber;
You will notice that ,h;, is resolution of in
sricn should be taken but there are those whose
annons are entitled respect who say that the re-
is' rDmyS the nstrumsn;aty of the Grand Jury
ihsye consulted our friend Goff upon this point and
nm,,T lake this action. There is certainly better
authority the proper method to be pursued than
~ 1ne Of the chief objects be gained by con-
,naance OF the public sessions IS ne RETENTION Oh
xaich cOnfronts US N our attempt 70 reap me lats
.. our victory is that we may lose the Interest OF
me uubic before the end IS gained There are
"a, s,,rdrs in The air that We may have trouble
,,hany | want !; 20 go forth the expression OF
his CsamGfr ps o ne tdet a reforms must ms
appear a. a criminal before the bar OF pubic opin-
NJ want to cali your attention to speech Of Mr..
Jaseph H. Choate a; the Parkfnrsi dinner IL was as
July reported owing pr9osoy 10 yhe bs , o
knowleige that there were in this ci.y ana siate
great institutions and corporations wac Ia'd I'M
menss sums FOR protection 10 the eeisiAture-OI,
sa,S.- from the Leg s.ature-Jus; az we have seen
:ha, gambling ard disordar.y houses nave aons,
Tne two things differ mercy in the fact mat one
KIND paid their money 10 ths police and the other
70 the Legs ature pTeTsn' neces aas we
mus, cali tie nanes-ani We know them. The
m.ssy + pI he ssa9aln fand. bu: We know It's
true mission. ! trust this resolution VIII pass tap
paase)
IN. resolutions were unanimously adopted. and
Alexander E. orr. the president. named as the com
,r,,as Charles S;ewar; Smith Gustav Schwab. A.
g p.rnhsm. j Harsen Rhoades and ]. Edward
Simmons
The Committee on Foreign Commerce and the
Revenue Laws consisting of +. y. Thurber. James
McCreery. and Gustav u. Schwab, submitted the
following:
Resolved That while the existing tariff may not
ha f7reiy ga. % ".
o, w.ssom and patriotism 10 refrain from fur'her
20 o. ,ns Isejeci at ane interests Of h
country period Of much-needed rest
TIE resolution was adopted but another from the
same committee urging the Government to rein
force our fleet in Chinese waters 10 the fullest ex-
ai" net with opposition the ground that the
Government was already doing II. me res9inIioh
Was referred back 10 the committee ior amenlhleilt
The Cha ber reafiirmed its action OF July I, 1871
avoring an amendment 10 the interstate coHnleIce
hw permitting railroads TO MAKE pooling acre,
new Custom House on the p-esen; site. rather tnan
the contemplated patchwork changes" and add
COMMITTEE on Insurance were instructed TO be pres
nt the meeting Of the Board or Estimate ana
rryop-stjo3 To- make operative the present law rea
tive to fire alarms and electric appliances
Mr. ST JOHNS PLAN SHELNED.
William p. 81. John. president Of the Mercantile
National Bank whose views on the silver question
are well known. submitted to the Chamber a propo-
s,ioa for the United States 10 restore the coinage
system founded in 1892 and currency plan wnich
he Summarizes as follows:
Congress to remove from standard silver dol
lar l25 grains nine-tenths fine the single restric-
ton Of It's legal-tender function. and provide un-
limited coinage for silver into this dollar on the
terms prescribed for god
Issue to depositors OF gold and Of silver AT the
mint. II they prefer. instead Of the coin 10 which
uty entitled. coin certificates redeemao.e on
deemed In god or silver coin the convenience or
the United states. Authorize the Secretary OF the
Treasury in his discretion TO redeem them on re-
guest in standard bars OF god or silver
Authorize depositors OF gold coin and silver com
10 receive the proposed coin certificates therefor
and forbid all further issuing OF gold cert!cates
myer certificates and Treasury notes OF 1871
Until bi-metailism Is real achievement uh1er
this act require that all the gold and silver Tor
which coin certificates arc ISSUED De reserved IN
con and standard bars for their redemption. except
next suggested.
Authorize The Secretary, In his discretion and un-
GER reguiati prescribed by him. TO direct the
treasurer Of the United States TO receive interest
earring bonds Of the United States. duly hypotne-
oied to the Treasurer and Issue thereon saie
mounts OF the proposed coin certificates as loans
ee rate OF interest these loans 10 be the rate
interest on the hypothecated bonds. Limit this
mergency issue" Of coin certificates by the re-
xlement that the aggregate sum OF coin ana stah-
~ bars reserved for their redemption snail NOT
ms at any time than 60 per cent or the aggre-
HR sum OF all coin certificates outstanding.
tas plan fled without objection or comment
and thar M acftnn will he taken IL.