The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-02-13
tions to the government in silver. We're
defeated by viva voee votes.
I,OAI,JS SECRECY.

defeated BY viva voSe Sc votes; e I,asv
Representative BourKe Cochran oil New
York, was made an innocent victim OF
the injunction of secrecy which was I'm,
posed on the members of the Ways ana
NJ deans Committee.
Some of the dispatches quoted his as
opposing nos only the. Wilson propo-
sition, which was true, but long term
bond as we'll which was not true. The
mss tateHent was cue to the dlilcully
OF ob aiming information. regarding the
occurrences n the committee room. 4dr.
Cochran says that he favors strongly
q long term. He woald crefer thirty years
to q shorter period, an, 1Ity-year p9;;a ,;t
Tag that the life ot the bond Is an iin-
lortent feature OF its value; that IT =
more easily Heated ard can be sold -er
a lower rate of iaterest..s
1t is sad that the controlling iniI snee
IN passing the Wilson resolution sc. NJ On THIS
w.iI accrue TO the government from the
FREE COINAGE.
The free coinage advocates in the
House have 1neaIthed q statute Which
may bring about the free coinage OF SUI
yer. The statute III question is law
of 1878. A careful research has beSn
made and no repeal of the statute can pc
found. The statute IS section S,56t OF TIE
Revised Statutes and reads as follows =
The eces commonly kn2Wn as TIE
quarter, eighth ana sixteenth CT the
Spanish pillar dollar, and Of the Alexi-
Treasury of the United States, and It's
several offices, and at the several Post.
offices and land o1heess at the TateSs ol
dollar, or pieces Of two reals, at 20
cents; the eighth of a dollar, or pieces
of one real, at 10 cents, and the x
teenth, OF dollar or nan reai at hVe
The effect of the statute is to make all
customs, internal revenue and otiief
yer ccin. A section of the statutes Of the
weights provides that all foreign COINS
received at the Treasury shall be re
coined before being re Ssued. The Two
statutes together will, in the opinion OF
the friends of silver, bring about free
Mr. Bland Dem, MOI, Chairman Of
the Coinage, Weights and Measures, and
the free coinage leader OF the House
who has gwen the matter some atsen7
clear and that he had been unable TO
find any act repeating it. Under it, II
the silver coins referred to are present.
ed in. the payment of dues and rece}xed o,tl
the Treasury will have to recon them
and reissue the silver cons struck In
case large amounts of these CONS are re-
ceived, it is thought, the ultimate re-
suit win be to force free coinage. MI
Bland is not advised as to whether the
coins described in The statute are st II
struck but he is making an investiga-
ton of the matter.
Another matter in connection with the
law, which is not yet known, IS WhaI
place upon It. AS the law seems clear,
Should the Treasury Department refuse
to accept the coins, it will call for a
decision, and may end in throwing the
matter into the courts. Several ways of
testing the legality of the law have been
suggested by the friends of silver, the
simplest of which is TO present one Of
the specified coins in payment for post
age Stamps. The matter has been taken
up, and developments are watched for
with interest.
Boston's Appeal.
BOSTON, Feb. 13, 1S95.-The following
petition, signed by. the leading banks
OF the city and the leading firms Of
bankers, was telegraphed TO Washington
this afternoon
ITO Hon. Thomas 3. Reed ard the
Honorable Senators and Representatives
in Congress,-The undersigned banks and
bankers of Boston desire to express IN
the most emphatic language the neces-
sity of passing in Congress a bill for
the issue of gold bonds for the compile
ton of the syndicate contract, and re-
-, fba Na1v EpVland Sem