The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-06-06
NO FREE SILVER.
Hudson Democratic Society
Unanimous in Favor OF a
Sound Dollar.
EZ-CONPTROLLER TRENHMA'S ADDRESS
Bankers, Lawyes and Mer-
chants Dine in the Club
House on Van Worst
Park.
Debate on The Evils OF Free Coln-
age-Brilliant and Witty
Speeches.

last night They resolved themselves
into a debating class to consider the 1ree
coinage of silver. and after most proiit-
able and delightful debate UNANIMOUSLY
decided in favor of a sound dollar.
To make such dry subject attractive
they gathered their friends togethef-
Republicans, too-and gave them olh-
ner fit to titillate the palate OF
mummy, and at the same time secured
the services of Colonel William l.. Ireh-
holm, ex-Comptroller OF the ohltea
States Currency, ito help them out OIL
the hazy atmosphere of coinage, as
President George A. Heaney neatly eA-
pressed it,
The room wherein the debate TOOK
place didn't wear the usual appearance
of a debating society's place OF meet
ing. The biggest room of the club had
an elliptical table at one end Tor the
guests and light circulars tables for hoi
polloi. President Heaney sat at the
principal table, with Colonel Trenholm
at one side, Mr. E. F. C. Young at the
other, and ex-Judge John A. Blair
Judge George T. Smith of the
Court of Errors and Appeals;
Messrs. Flavel MCGEE, Otto Grouse, H
c. Trenholm en- face. At the remaining
tables were Colonel ]. D. Bedle, Major
Thomas f. Bedle. Messrs. John ]. Voor-
hees, George L. Record, John A. Nugent,
R. w. Elliott. A. j. Corcoran, w. A.
Corcoran, Ed L. Young, DR.. Bonham,
T. H. Kelly, w. ]. TAFT, T. A. Egan,
Ed. Manners, DR.. Nevin. DR.. w. z.
Watson. DR.. Condict. John Griffin, James
P Hall, - Hall, E. J. Jackson, j.
W. Hasking, W. R. BarrickIo, Charles
c. Black, Charles L. Carrick. John Kel-
Ter. R. ]. Wortendyke, J. F. w. Mangels,
J. Wahl Queen, Randolph Bedle, and L.
Vultee.
This is what these gentlemen were
served with by Steward Lee. with the
assistance of the amiable giant Pino:-
Maryland CLAIMS.
RELIsHES.
Queen Olives, Radishes-
Boiled Salmon, THoifandalse.
ENTREE.
Sweet Bread PattieS,
Young Lamb with Mint Sauce,
Jelly, Potatoes la refine,
Frozen Asparagus.
ROMAN PUNCH.
Philadelphia SQUAD OH Toast.
LETTTgE pF,sst,sA SALAD.
Ice Cream, Fancy Cakes.
Roquefort Cheese. Biscuits.
Fruits
French Coffee and Cigars.
Just as soon as the "things" were re-
moved President Heaney said that on the
eve of entering a great campaign it was
right to have dinner and then study
the prevailing question which is not
tariff but money. Most people are fa-
miliar with finance and currency from
a private point, but when National views
laa 1riaxr haz nd
need explanation. He then introduced
Colonel Trenholm. who had charge of
the currency during the first admins
tration of Grover Cleveland
PLENTY OF EN-, COLONEL.
1T is with great satisfaction, Mr..
Chairman and gentlemen" began the
ex-ComptrolIer, "that 1 see SO many
Democrats alive. Naughter) Across the
Hudson 1 was led to believe by my
friends there they were all extinct
Qaughter) and that the ancient Democ-
racy of New Jersey had retired to the
marshes where their weird spectres
We're floating about twixt earth and
heaven. (Renewed laughter.) l will be
glad to go back and say to these doubt
ing Thomases that have seen SO many
Democrats alive, who will render good
account of themselves.
l.
see is the captain of 10000 Qaughter) and
the main body is held in reserve to be
produced on the proper occasion"
(Cheers)
With this preface, the speaker plunged
into the intricacies Of the currency
labyrinth by saying at the outset that sill
yer is the disturbing element 1t started
in 1878. when number of people per-
suaded Congress that the glory of the
country depended on the coinage of sill
yer dollars. An act was passed requir-
ing the Treasury to buy not less than
two and not more than four millions of
dollars per month and coin it. Along
with that beneficent law the Treasury
was required to pay the expressage of
silver dollar sent to any address. Oaugh-
ter.) The consequence was that as fast
as they were coined they found their
way to the remotest sections of the
country 1t threw the coinage into the
rural districts.
BRILLIANT THOUGHT.
"Then, on account of the scarcity of
silver, some one suggested the idea that
they didn't have SO many dollars be-
cause the government didn't coin as
many dollars as they might and mur-
nlurings were heard. Said they, why
don't the Government buy four million
per month instead of two, as the law
permits? And the dernagogues at once
reasoned that if this were done he who
had two dollars would have four. 1t was
a pleasing argument which went home
to those who only thought of having
four dollars instead of two Oaughter.)
when the act was passed bar silver
and bar gold were at a ratio of 16 to ],
i. e., 16 ounces of silver in coin silver.
we're equal to one ounce of goli. AT the
beginning of the century, taese metals
were about at that ratio in all countries
vhere they had commercial value The
enormous expense of fretght and insur-
ance of specie which left our shores
hr,eght us to the fact that gold, oc-
clryins the least spl e for value. was
the best tt. ship. And 50 gold was used
instead Of silver. A man wou1i rather
send 100 ounces Of gold than 1000 ounces
Of silver. Because Of the value Of the
gold coin In relation to the same Ia bull