Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1896-12-02
MONETARY CONFERENCE
To Be Held at indianapolis, Whole
Country to Be Represented.
will Discuss Means Of Placing Currency
System on a Sound Basis.

Indianapolis, Ind, Dec. with the ex-
ception of Louisville and Kansas City
al the cities invited to attend the prelim-
mary monetary conference under the
auspices Of the local board of trade with
tne view TO holding a national monetary
convention. reported. today. The con-
terence was called to order by President
Adams of the local board of trade. Mr..
Adams. after explaining what prompted
the issuing of the call and stating that
only the boards of trade and commercial
Eodies OF what is known as the Central
West had been invited to attend, said:
This conference will consider the adj
Elsdbli1ty or issuing a more extended call
Tor larger convention of the commercial
bodies or the principal cities to discuss
the question what ought to be done to
cure the radical defects in our monetary
system, and if deemed practicable and for
me pest interests or all. TO create a non
partisan commission composed of able.
experienced and fair-minded business
men, whose duty shall be to formulate a
plan which will remove the existing weak
spots in our present cumbersome and de-
fective system, and place the finances of
the nation on a sound and adequate ba-
sis and prevent the possibility of fire.
quent monetary disturbances"
Ex-Governor Stannard of Missouri was
made permanent chairman. and Sec
Smith of indianapolis, was made perma-
nent secretary.
Mr. smailey of St Paul. offered a res
olution to the effect that a call be issued
inviting representatives from each com
mercial body in the cities of the United
states of over 5000 inhabitants TO attend
national convention to be held in Indi-
annapolis in 1897. to discuss the financial
question: to offer remedies to Congress
or advise the appointment of a commits
sion TO prepare remedies.
Delegate Tanner of Indiana presented
an amendment TO Mr. Smalleys resou-
ton. recommending the representation OF
cities of 5000 and over. which would make
a convention of about 1850 delegates. The
amendment was accepted and the resou-
ton referred.
Ex- Attorney General Miller and John
K Wilson, both of Indianapolis adj
crossed the conference at some length.
AT the close of Mr.. Wilson's address the
committee reported a resolution declar-
ing IL the sense of the conference that
general conference of commercial bodies
be called at indianapolis Jan. ;. for the
purpose OF suggesting such legislatio as
may be necessary to place the currency
system of the country upon a sound and
permanent basis. 1t was found that the
nail could not be secured Jan. ). and the
date was left to the local subcommittee.
~ VIII probably be fixed at Jan. IL
Ihe convention. tonight. adopted the
following basis of representation: One
delegate for cities from 5000 to 10000: two
delegates for cities of 10000 to 1900:
three delegates for cities of Is 900 to % 900:
four delegates for cities of %. 900 to 5000:
iive delegates for cities of 80 900 to 100 600:
six delegates for cities of 100 900 to 200. 600:
seven delegates for cities of 200 900 to 400.
900; eight delegates for cities Of 100000 to
100000; 20 delegates for cities of 1000, 900
or over