Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1896-12-11
TOREFORMCURRENCY
INDIANAPOLIS CONFERENCE IS.
SUES A CALL
Meeting Of Board Of Trade Represent.
atives in the Hoosier Capital Takes
Action Upon the Question of Hold.
ing a Convention.
Monetary Convention.

The preliminary conference in Indian
apolis of representatives. Of the leading
commercial bodies of the Middle Western
States issued a call for a general con.
vention of commercial bodies of the Uni
ted States, to be held in that city Jan. 5.
to consider the reform of the currency
and banking laws. The vote, by which
1t was decided to Gull the convention, was
unanimous. Chicago and Indianapolis
were the only cities suggested for the
convention. In view of the fact that tho
call for the preliminary conference had
gone out from indianapolis, 1t was decided
to take the general convention there. The
detailed work of preparing the call and
fixing the bnsis of representation was left
to q committee composed of one delegate
from each city represented in the con-
ference.
President Justus G. Adams, Of the In
dianapolis Board of Trade, called the
meeting to order, and in a well-timed
address referred to the Importance of the
subject which it had been called to con-
slider.
p. o. Stannard, of st. Louis, ex-Gov-
Iernor of Missouri, presided after Mr..
Adams had finished his speech. Ex-Gov.
iStannard said that he felt assured that
If the commercial bodies of the country
offered to Congress a financial system
that would not be subject to change it
would be accepted. The principal address
before the conference was by John r.
Wilson, of indianapolis. He said there
was a practical demand for reform. En-
pedients adopted by Congress in the stress
OF war as temporary measures had be-
come IN enduring system. The legisla-
ton OF Congress Oh finance had been
from hand to mouth since 1861.
h. V. Smalley, who represents the st.
Paul Board of Trade, said the people of
the Northwest, irrespective of party, were
heartily in favor of the proposed national
convention. The resolutions he intro
duced provide for n national convention
of representatives of all commercial bod
les in cities of more than $4,000 popula-
ton. "for the consideration of the cur
rency system of The country, and to rec
mmend to Congress such measures for
the remedy of such defects us will COM
mand the Endorsement of the business
public"
The conference agreed to that part of
MIR. Smalley's resolution providing for a
convention, but there was much discus
sion as to how large the convention
should be, and it was decided to leave
that question to q committee composed Of
one representative from each city present.
In the call, as finally agreed upon, it is
proposed that the convention shall be
composed of 1,251 delegates. The basis
of representation is calculated upon tho
United States census of 1890, and gives
to cities of 5000 to 10000, one delegate;
10000 m less than 10000, two dele
gates; 10000 and less than $4,000, three
delegates; 25,OO0 and lessthan $4,000, -four
delegates; 10000 and less than 100000,
flve delegates; 100000 and less than 2OO,-
uo, six delegates; 100000 and less than
100000. seven delegates; 100000 or over,
eight delegates.