Evening star., 1896-12-02
PROPOSED CURRENCY REFORM.
The Convention to BE Held at In
dfanapOlfs January 3

A perm inent orSaniZatio of the confer
ence OF boards of trade at INDIANAPOLIS
yesterday afternoon was effected by the
election Of Ex-Governor Stanford of Mis-
souri,, chairman. and Secretary Smith Of The
Indiara polls board of trade. as secretary.
w. II. II. Miller, ex-Attorney General of
the United States. was then introduced.
After referring TO the country's financia
condition he said:
THE remedy for this condition of things
is mainly with the states. The national
Soverr ment can, by legislation. deal viii:
| this subject only within very narrow I'm
/ Its What kind Of legislation is required
whether penal OF civil or both, and what
change of direction. if any, is needed in
| the courts is in the nature of prescription
| rather than of diagnosis, and hence not
within my province One thing. however
/ Is clear. This remedy must be furnished
| or Consequences not 10 be thought of with
! compiaoency are not remote. You. gentle
men, IN your several localities can help tc
| inausurate this necessary movement"
John *. Wilson Of Indianapolis who was
secretary OF the national democratic party
was then introduced and made tie pril,ci-
pal address of the day. He was warmly
applauded. Mr.. w lson said:
we believe CongreSs will welcome al
INTEL gent aid in dealing with TIE reform
OF the currency. Ii is unfortunate but
true, that our Eat;onal Congress each wear
exhibits an Increasing inability to legislate
enlclently concerning such matters This
Is not due so much 10 the want OF talent
IN its membership, but rather to tie enor-
nous and constantly increasing mass Of
routine business, the prevalence of .ar-v
spirit and the domira alton of narty nrcth
DDS, which in legislation consumes time
IN maneEvering 10 obtain ADVANTAGE I'm -na
next cainpaign, together with The prevail
ing mode OF committee action under A s.,
OF rules which more seem to be able to re-
form" ~
In coEclusion Mr. Wilson outlined the
< -sg.l,
meet with. stated that reform OF th, cur
reccy would not necessarily prevent all
commercial crises and suggested what
should he the character and composition of
the commission
Mr.. Smalley of st. Paul then int,oduce5
resolution calling conference of rap-
sentatlVes of commercial bodies In a il cities
OF over 2a.ooO Inhabitants 10 meet in In
dianapolis.
This brought forth considerable discus-
SION as TO the representation. and the chair
flnally APPOINTED { committee of five 10
prepare propoS ton. The committee re-
ported the following:
That ii is the sense of this conference
that general convention Of the represen-
tatiNes of the commercial bodies of rhe
country should he held at some conveniant
.irhe ana place for the purpose of suggest
ing scch legislation as may in their judg-
ment he Necessary to place the currency
system OF the country upon a sound and
permanent basis
That an executive committee consisting
OF one member from each of the CONNER
tlal poa:es represented in this conference,
shall be appointed by the chair, which shall
take charge Of and arrange the prelimi-
nary details demanded by the call this dav
made for convention of the representa-
tives of the commercial hodies of the
country, including the printing and send
Ing out Of the call. securing a convention
hall and whatever may be necessary i'm the
usual course of such proceedings 10 give
ef1ect to the previous resolutions
That the proposed convention shall he
held in Indianapolis January 3, 1887"
An executive committee was appointed
consisting Of one member from each com
mereial body represented to decide as 10
the call and details of the convention