New-York tribune., 1896-12-02
FOR CURRENCY REFORM.
IMPORTANT CONFERENCE OF BUSINESS
MEN IN INDIANAPOLIS.

A NATIONAL CONVENTION TO BE CALLED TO CON-
srDER REMEDIES FOR THE EVILS OF THE
PRESENT MONETARY sYsTEM-cIrIEs OF
OVER 5000 POPULATION TO TAKE PART.
INDIANAPOLIS. Dec with the exception Of
Louisville and Kansas City. all the cities invited
to attend the preliminary conference, under
the auspices OF the local Board OF Trade, WIN
a view to holding a National Monetary Con-
vention. reported at the meeting to-day. The
conference was called to order by President
Adams Of the Board Of Trade. at 2. m MI
Adams after explaining what prompted the
issuing Of the call and stating that only the
Boards of Trade and commercial bodies OF wnat
Is known as the Central West had been invited
to attend said:
This conference will consider the advisapinty
OF issuing a more extended call for larger
convention OF the commercial bodies or the
principal cities to discuss the question OF what
ought to be done to cure the radical delec.s III
our monetary system and, ff deemed practicd-
ble and for the best interests Of all, to create
non-partisan commission composed or apie' ex- :
perienced and fair-minded business men, whose
duty shall be to formulate plan which VIII
remove existing weak spots in our present cum
bersome and defective system. place the tnances
OF the Nation n sound and adequate basis
and prevent the possibility or frequent none
tary disturbances
Between the lines Of the returns or the re-
cent election there is shown a pronounced pun
he sentiment favoring currency reform ana
removal Of whatever defects may appear
in the present currency system The tl'ne mas
now arrived when the Government must elther
discontinue the banking business. with its ex-
pensive and complicated system. or go into II
on a broader better defined and more compre-
hensive scale.
ply remedial legislation that will provide the
great nation with sound. uniform and elastic
currency whether 1t be gold, silver or paper is
lin, will
best thought and business judgment of the con-
ference which you are about to consider the pro-
prety Of calling.
Each commercial organization present was al
lowed three votes. and upon motion OF r.. b. Mar
tindaJe. Of this city, Ex-Governor Stannard OF
Missouri. was made permanent chairman; Sec
retary Smith. of the Indianapolis Board or
Trade. was made permanent secretary.
Ex-Attorney- General Miller and John r. Will
son. both Of indianapolis. addressed the confer
at some length.
At the close OF Mr. Wilson's address f. "
smallev of 81 Paul offered a resolution call
ing National convention. a difference arose
over the method OF representation. and the ques-
ton was finally referred 10 a committee com
posed of " T.. ingalls,, of Cincinnati; ii. H.
Hanna of Indianapolis; F. T. Roots OF Con,
nersvie. Ind: L. V. Smaley. of ST. Paul, ana
Mr. Kausnan. Of Chicago.
This committee reported a resolution declar-
ing il the snnse Of the conference that general
conference Of commercial bodies he called az IN
dlanapolis on January for the purpose OF sug
gestng such legislation as may be necessary
To place the currency system OF the country
upon a sound and permanent basis. II was
found however, that the hall could not be Sc
cured on January ). and the date was left TO a
local subcommittee. 1t probably will be fxed
at January T.
The convention tonight adopted the follow
ing basis Of representation: One delegate for cit
les OF from 5000 to 10000: two delegates for cit
les Of from 10000 to 10000: three delegates for
cities Of from $4,000 to $4,000; four delegates
for cities Of from 10000 20 100000; six dele
gates FOR cities of from 100000 to 2OoOoO: seven
delegates for cities Of from 100000 to 4Wooo:
eight delegates for cities or from +W'o"w +'n 90 10
/ 00O 600: twenty delegates for cities Of 1OOOOO0