The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1895-12-04
New York Reform Club Com.
mittee's Work.
PAYMENT AND RETIREMENT
Of Bad Legal Tender Notes Will Be
Agitated-F -Favors Improved
Banking System.

The committee on sound currency of the
Reform Club, of which Charles s. Fair.
child is chairman, mas just Issued an in
teresting report of its campaign in the
interest of honest currency, through John
Dewitt Warner, chairman of the execu-
tive committee, which was published IN
the New York papers.
The report says that at the time the
campaign was undertaken in last March
1T was apparent that the issue Of free
coinage at 16 to was being forced to the
front in many parts Of the country. II
was appreciated, however that this issue
was but incidental to the main one-that
of fiat money; and hence, while It was
understood that your committee was au-
thorized to devote the funds and energies
at Its command in whatever direction
sound currency propaganda seemed most
needed, II was not thought best In any
way to narrow what It was unanimously
agreed must be the ultimate scope OF our
work
Events have justified this decision In
the six months last past the free silver
issue has been aggressively pressed as
never before, and has been so success
fully met through this organization and
other sound money agencies, political and
and brought into concord the hitherto
timld and almost unorganized opposition
to free silver but to have go defeated the
free silver movement at every important
point as to have given 1t the first gem
eral setback which It's friends have appre-
ciated as such The way has been
cleared for an aggressive movement on our
l'art in favor of sound finance, the
withdrawal of our government from the
banking business, and the remuneration by
the United States of the fiat money
horesies by which, for a generation our
politics and finances have been cursed
This committee proposes to agitate foi
the prompt payment and final retirement
of our legal tender notes. 1t proposes to
do this without reference to what II any,
new plan of bank note currency shall be
adopted. On the other hand we are con-
1dent that, with our present banking and
credit facilities, any possible unfavorablel
results from the retirement of our legal
tender paper as fast as II could be with
drawn by redemption would be more than
by the accession of hus- |
ness confidence which such a programme
would assure. The committee, however,
that our bank note system Is |
rigid, inadequate and fatally vicious IN Its
OF political ana financial con-
and II therefore hopes and
expects that safe and adequate system
will be promptly developed. But II con-
siders the adoption OF some definite plan
for the retirement of our legal tender
notes as the aim first and foremost to be
kept In mind, and to this work invites
he cooperation of every friend OF sound
THE current year OF the committees
work closes December /. The funds In
land already subscribed are sufficient to
AIRY 1t until that time. Subscriptions
ire now invited for the ensuing year
hat ending December /. 1896 The fact
hat but six months now intervene before
he national conventions. platforms and
nominations for 1896 makes II
peculiarly desirable tEat our propaganda
'e pushed as vigorously as possible dur
ng the next few months"