The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-02-06
CHARLESTON WITH CLEVELAND.
Congress Urged 20 Adopt His FinaH-
ciaI Rccomm endn lions.

Charleston. s. g. Feb. At a meeting
Of the chamber OF commerce to-day the
following resolutions were unanimously
adopted:
Whereas. The business Of the country
Is being held 60 stat Of suspense. and
our securities that have been held abroad
are -apidly coming home FOR redemption
from lack Of confidence in the stability
of our currency and IN the ability Of the
government 10 redeem In gold the out
staining legal tender or currency notes,
amounting TO about 500 )00Ooo.
And whereas. Under existing laws these
currency notes when redeemed can neither
be cancelled or held in the treasury. but
must be Immediately reissued. thereby
enabling spectators and others Interested
10 draw gold from the treasury over and
over again as often as the reissue is made,
and.
Whereas. The only means now at the
disposal Of the government to replenish
its supply Of gold is by the sale Of bonds
redeemable in coin. authorized by con-
gress quarter of a century ago. when the
rate Of interest was much higher than now
prevails, which bonds can only be sold at
a sacrifice while the present feeling OF dis
trus exists, the proceeds Of which. sale
in gold IS liable 10 be again withdSa " n
from the treasury by means Of legal ten
der notes and held in readiness for the
next sale OF bonds, and so on ad infina-
tUm;
And whereas. A sound currency, circu-
lating, as IL does through all the channels
Of trade. IS as essential to the healthy
condition of the world OF commerce as
good blood circulating through the veins
10 the health OF the human body; there
fore be il
Resolved. That this chamber heartily
lndorses the message Of Mr.. Cleveland
sent TO congress on Jan. 25. asking for au-
thority 10 issue gold bond with interest
at 3 per cent to take up and cancel the
outstanding currency notes. and thereby
put stop TO the drain Of gold from the
treasury. and to make these bonds Of such
denomination as viii come within the
reach OF people Of small means, and thus
enable them TO make a safe investment of
their savings, which are now piled up in
savings banks TO the amount of over
billion and half Of dollars at a low rate
OF interest and locked up in strong boxes
TO an unknown amount without any inter
est
Resolved That we urge on our rep
resentatives, both in the House and SEN
ate, 10 use their votes and influence in
Iurtnerance Of the recommendations OF
the President in the aforesaid message
At a meeting of the associated banks Of
charleston yesterday. the following res
olutions were adopted:
Resolved, That this board highly ap-
proves Of the recommendations of the
president for the issue OF per cent
bonds having fifty years to run, because
II Is the opinion of this board that by
this measure confidence in the financial
ability and good faith of the general
government viii be restored and prosper
ity assured.
RESOLVED, That this resolution be trans
United to the senators and representatives
OF THIS state in congress, with the request
that they viii support any measure in
troduced In congress for the purpose OF
carrying out the recommends lions of the
President as contained in his message.