Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1896-12-10
THE NEW sYsTEH.

called business interests want enacted
into law 1t is taken from an address
delivered by Mr. Adams TO meeting Of
Boards Of Trade held at Indianapolis
"The Indianapolis Board of Trade
in common with the business interests
of this country, believe that the result
of the recent election was an earnest
protest against the debasement Of ouI
monetary system, as we'll as a positive
declaration in favor at a sound, stable,
and unAuctuating currency. In fur
therance OF these views this board is-
sued call to the boards Of trade and
commercial bodies of what is known
as the central west, inviting them to
send delegates to a preliminary con-
ference which convenes today.
"This conference will consider the
ACCESSIBILITY Of issuing more extend
ed call for a larger convention Of the
commercial bodies of the principal
cities to discuss the question what
ought to be done to cure the radical
effects in our monetary system, and if
deemed practicable and for the best
interests of all, to create non-psrti-
san commission composed Of able, ex-
perienced and fair minded business
men whose duty shall be to formulate a
plan which will remove existing weak
spots in our present cumbersome and
defective system, place the finance Of
the nation on a sound basis to pre-
vent the possibility of frequent none.
tary disturbances.
Permit me to say, gentlemen, that
behind this call IN answer of which
you have convened today, there turks
no plan, scheme or policy by;whicb it
is proposed to alter or change our
present system on any particular plan
or on special line.
"Within the last 80 days the people
of this country have shown that they
are unalterably opposed to a cheap
and fuctuating dollar of uncertain
value
"We must not take this ovsrwhelm.
ing expression Of the people as a final
and complete settlement OF the issues
involved, nor as an unquestioned &C.
ceptance Of our present monetary sys.
tenn but rather as a protest against q
step backward. Between the lines Of
the returns of the recent election,
there is shown a pronounced public
sentiment favoring curre1cF reform,
with an evident purpose on the part
of conversstive and reflective men,. to
examine into our national finance and
remove with the least possible delay,
whatever weakness or defects may
appear.
Different views are entertained as
to methods of procedure and details
of plan in the matter Of currency re-
vision, but after our greivous and
costly experience, we are forced to the
conclusion that the time now has ar
rived when the government must
either discontinue the banking bust
ness with it's expensive and compli-
Gated system, or go into it on a broad
er, better, defined and more compre-
hensive scale. The game ID not worth
the candle. The burden is too heavy
to be safely borne, and no individual,
corporation, or government can con.
duct business on a safe and sound
basis, who has demand notes calling
for millions Of dollars in existence
and circulation which notes are liable
In a period Of stringency and panic to
be brought to the counter for redemp
ton, and when 80 redeemed are re-
issued, thus acting as standing
menace to the government reserve
and a continual threat to the trade
and business of the country causing
disturbance and unsettled values OF
every character.
"The cause Of our trouble is moi
difficult to lacate. To determine the
best course to pursue. and apply
remedial Legislation that will provide
the great nation with sound uni
form and elastic currency, whether il
be gold, silver, or paper, is the intel
ligent purpose and paramount ques-
ton which will claim the best thought
and business judgment to the confer
ence which you are about to consider
the propriety Of calling.
upol,t;o;oDo ora y1rouayh;ollu t;rn;d