Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-07-12
FAVOR SOUND MONEY.
Our Chamber Of Commerce Endorses the
New York Resolutions.
THE popY TAKES STRONG GROUND
No Country with Free Coinage OF
silver Has BimetalIism-A Desire
for Iitcrature-Tbc Confederate
Reuntor-ycw Directors Chosen.

ming at 6 o'clock There was a good at
tendance and several important matters
we're considered.
PERHAPS the most interesting subject
brought before the body was that OF
sound money" treated In the foiiowihS
report made by Mr.. l.. u. MOTIFS from Tue
Committee on Banks and Currency:
Richmond. Va. July g. 1885.
no the Chamber Of Commerce OF. the lily
OF Richmond
Your Committee on Banks and Currency
have had under consideration commuhi-
ration from the Committee on scuho
Money Legislation. Chamber OF Commerce
NJ the State of New York." upon the SUD-
feet OF "Agitating Against the Free COM
age OF Silver and In Favor OF the Main
,enance OF the Present Standard OF
yalue." and report as follows:
We entertain a profound conviction that
The free coinage of silver. at the ra'io u
is to /. by the United States alone "ith-
mt international agreement. means not d.
meallism. but silver monometaiiisrh' p'-
rne,a,,,sm does not to-day prevail In any
country of the world where free coinage
exists. ,,
At the present price Of silver buiiioh
,be coexistence OF blmetallism and Tree
coinage at the race OF l6 to !. WITHOUT
International agreement. Is simply an 'ii'-
possibility. Under existing circumstance
therefore, If the United States should oh-
,er,ake free coinage OF silver at l6 TO !, IL
yould result in forcing this country 10 the
sole silver standard. making 1t take ram
an n silver country with emma, 'apa"
India. and Mexico. IT would bring aoou.
the debasement OF our currency ana inc
ronseauent reduction In value OF the ae-
formulated savings Of the people; In the
or,ce of the labor OF the mechanic, tae
siller of the soil the saiaried clerk, the
physician, the lawyer. and every niiah VIM
lives by the work OF his brain or haiias.
n n should be believed by the nations
NJ tho world that the United states was
nbout TO embark upon so hazardous an
adventure 1t would In all probability pre-
cipitate a panic more violent ana enaurihs
than the frightful financial CONFUSION VI
1893. -,
we deem IL the interest OF every Dusl-
ness man. of every husband or father,
who has invested his savings In a ponc!
Of ufe-insurance for the benefit OF ms
wife and children, In fact, or every GU
zen who has a stake of any KIND IN ihe
community. to insist that the dollar OF
tho United States shall be the equivalent
in value Of gold dollar now ana forever
We recommend the adoption OF the ioi-
lowing resolutions:
Resolved 1st. That the Chamber OF
Commerce Of the city of Richmpnd hearth
ly approves and commends the vigorous
and wise action of the Chamber OF COM
merce of the State of New YORK, ana we
pledge TO il our cordial cooperation anu
The exercise of ell our influence in carry
ing on the campaign in behalf OF SOUND
money and maintaining the present stdIu-
ard of value in this country.
Resolved, %, That the Chamber OF Com
merce urgently recommends the 1o,ina.ion
of what shall be termed "Sound-Money
Clubs In every ward of this city, ana
respectfully asks the press of this city and
State to urge upon the people TO STAND py
and In favor OF sound money.
lSieneD l.. Il. MORRIS chairman,
JAMES II. DOOLEY,
.l. c. w. BRANCH.
% JOHN s. Elicit,
WILLIAM II. PALMER,
While not committing myself unreSerV-
edly 10 the preamble. concur in the reso-
buttons LEWIS II. BLAIR.
THE RESOLUTIONS ADOPTED.
adopted. and upon motion Of Mr. n. H.
savage. the secretary of the Chamber
was Instructed to forward a copy thereon
To the Chamber of Commerce of the State
of New York.
In connection with this subject Major
r. T. D. Myers called the attention OF
the Chamber to the publications being
issued by the Sound-Currency Committee
of the Reform Club of New York. and
especially to one entitled The Peoples
Money" These publications, he said,
would afford valuable information to stu
dents of this question. and he suggested
that II might be well for the Chamber
10 secure some of this literature. Mr..
morris explained that the Chamber had
been promised some publications OF this
character by the representative of the
New York Chamber, who has recently
visited Richmond. which, when received,
will be at the disposal of members, and
that he thought later on there would be
clubs organized throughout the city TO
disseminate information Of this character.
THE MONITORS REMOVAL
Mr.. A. ID. Landerkin. chairman OF the
Committee on James River Improvement,
reported the steps which had been taken
10 induce the Secretary Of the Navy TO
allow the monitor fleet TO remain at It's
present anchorage below Richmond. and
referred 10 the letters received from Hon.
Thomas S. Martin. John W. Daniel. and
Tazewell Elicit, as well as one from the
Secretary of the Navy TO Senator Martin.
which had been published and which ap-
peared to be conclusive of the fact that
while there was every disposition TO meet
the wishes of the people of Richmond,
the conditions were not such as to Justify
the department in changing its plans.
There being no other reports from stand
Ing committees. the secretary read the
resolutions adopted at n meeting OF the
Central Trades and Labor Council OF
Richmond and vicinity held the 18th ulti-
mo. thanking the Chamber for its partici-
patton In the movement for a Saturday
half-holday and a mid-week payday
which were received and ordered to be
duly acknowledged.
THE CONFEDERATE REUNION,
The president then laid before the meet
ing the following communication:
RICHMOND. VA. July TO- 1895.
g. II. Halves Esq. President Chamber OF
Commerce. Richmond, Va:
Dear Sir.-You Will remember that the
Virginia delegation to the recent conven-
ton OF United Confederate Veterans, al
Houston. Tex, bore formal and official
invitations from the Council, the Cham
Der OF Commerce. and other organized
bodies OF Richmond 10 have The next an
nual reunion In this city. The invita-
lions We're accepted.
1T is proper in every view. and under
all circumstances, that the bodies named
should have largely TO do with the re-
ception OF those veterans. who, by their
valor. fortitude. and devotion. have made
our city illustrious forever. 1t is peculiar
~ appropriate and obligatory that those
who gave the invitations should continue
to be the hosts, and should share the