New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-25

been thoroughly examined in all its bearings ana ms
that has not been recommended by s s9Gm
petent and responsible commission, seiecse e,si ex
perce nd 81 spee study and %V aptitude
iuaiihed to point out such measures abs as We'll
as capable of equitable adjustment to the business
Resolved That it is the sense of this Chamber that
Immediate provision should he made by Con4reS. 49,.
the creation OF such commission, in oruer sa
OF the LIVth Congress ,
Resolved. That the foregoing report and rsso n6
copies. Of the the President Of the e
United States and to the members Of his Cabinet.
MIR. sCHIFFs REMARKS
Willis s. Paine moved that the report and resoiu-
tons be adopted. and jacob H. Schif seconded the
motion. In doing he said in part:
! second that motion. and In doing so wish TO
the committee There is point wish to lay
some men here but / must express IT / wish to
direct my voice against the action Of the banks
management OF our banks must act In more pa
uiotic Mariner. know II takes courage to say
but shall say IT, The exporters OF gold cannot
help themselves They have to draw their ex-
an and haze netting else to snP OF rp
and draw the gold out OF the Treasury 1t is i'm
possible for the Government to sustain its credit.
They at this time do the country great ser
vice by placing all the gold they have az tne uis
poss G Of the United states OF the tinted
States has and II the bank presidents want ants, e
make the money or this country Soou they Shouiu
do this.
REPLY or BRAYTON IVES.
Mr. iIedelbach OF Eeidelbach, Ickelheimer K
Co. backed up Mr. Schns remarks. and Brayton
Ives replied in part as follows:
must express my regret that such an admirable
report, clearly adapted to the wants OF me oe
casion. could not have been adopted as Know II
will be. without the Introduction or any dtsparaee-
men have great respect for the hrsi gentleman s1
the greatest respect for anybody who Is connected
with firm that has made as much money as az ms MS
firm has: but have not much respect for ms
sentiment as for his business ability ] do no, be-
ewe The IA IS brings GSs .s s e ase
and he makes It.. | believe. in an honest way.
anF Whea ne which he
exhibited to an extraordinary degree IN the iast
S %S ia Ss with ~nSs hiyF
man OF business cri;lc ses the banks Tor what .ney
m.stake and / hope he will try to institute a
comparison between the course or the banks IN
OF gold
particularly deprecate the expression OF this
sentiment because |. seemed to me that this was
one OF the most admirable reports which ] have
ever listened to in this chamber and which was was
1t Is pity to have I, hampered by any criticism
II ought 70 go straight 20 Congress, ana ! 90 no,
banker or merchant or what not. he ought 10
help carry 1t through.
unfortunately and that is the reason the coun-
ry is suffering to-day. 1t should be treated simply
The trouble to-day is not due to the currency but
is because the United states Government has said
that II will pay its Obliga tons In gold. and be-
cause. through the representations largely or INC
gentlemen who are criclsng. the banks want gold.
They have perfect right TO take the Government
al ITS promise and the reason there is apprehen-
sion today Is because people see there is danger
that the Government is going to have difficulty
I'm Keeping iis promise. Now. there is only one
thing 10 do and that Is TO say; We want your
gold now. and II you give us your gold Ne VIII pay
Won back In gold n that statement IL made by
Congress In such way that Europe can under
stand H. the exporters OF gold VII, have 10 further
trouble FOR then their business viii be at an end
MR.. SCHIFF LEAVES THE ROOM
Mr. SchiN Jumped up and began to make loud OBJ
iectons and exceptions TO Mr.. Ives's remarks. ana
demanded when the president told him he was our
Of order 10 be allowed 10 talk. When this was re-
fused ae left the room. >,
The report and resolutions we're voted ior by an
the members. except Mr.. 50. John. OF the Mercantile
National Bank
merry president OF the American Exchange Ma
ionai Bank; William II. uIrenholur controller
OF the Currency ard president OF The American
of The currency and president OF the Chase Ma
uonal Bank Edward X. Perkins. jr., president OF
the Importers and Traders National Bank and
iohn harsen Rhoades president OF the Greenwich
savings Bank. The report was signed by all the
members OF the committee except Mr. C0e. He has
been IN and unable TO give the matter any atten-