Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1897-04-03
TO REFORM THE CURRENCY.
MEMBERS OF MONETARY COMMIT
TEE GIVE OUT A STATEMENT.
Urge n Commission to Be Appointed
by the President and Which Shall
Submit Its Report Not Lat
er Than Oct. 1, 1897.

Washington, April 2.-Eleven of the fif-
| teen members of the executive committee
appointed by the Indianapolis monetary
convention last January have been in the
city for several days. That convention,
composed of business men delegated by the
| boards of trade of 100 cities, decided to urge
commission to investigate banking and
currency laws with a view to their early
revision, and the executive committee has
decided to establish headquarters here in
al endeayor to procure from congress such
legislation at this session as will empower
the president to appoint committee to
consider the subject before the regular ses-
sion of congress conyenes in December.
The headquarters probably will be in
charge of H. H. Hanna, of Indianapolis,
| one of the prime movers in the convention.
These who are here with him are C. c.
Harrison and Stewart Patterson, of Phila-
| delphia: w. r. Dean. of st. Paul; j. w.
Fries, of North Carolina; NJ. L. Crawford
! of Texas; Major Hanson, of Georgia; John
P.2 Irish. of California; Ex-Governor STAN
ard. of Missouri; a. E. Wilson, of Ken
lucky, and George F. Peabody. of Brooklyn.
The members OF the committee have con-
feIred with public officials and members of
congress, and say they have met with no
diSc.ouragement although the situation rel
ative TO the tariff makes it of a paramount
Importance that the fate of the bill in the
senate should not be delayed or leopard
..The real work which the committee has
been appointed to do, said Mr. Hanna to-
night, lis to organize public opinion of cit
liens of each congressional district in favor
of specific remedies to be enacted into law.
The committee recognizes that there has
not been. at any time. a general agreement
among organizations of business men even.
much less among citizens generally. ali OF
whom are vitality affected. To procure Such
an agreement Will it is believed. be of the
greatest service to congress. which is nee
essarily dependent, for legislation upon such
questions, upon some well defined PUBLIC
"It is only as an adjunct in this sense
that the commission is considered by the
committee of the Indianapolis convention.
To he properly an adjunct. the committee
should be SO constituted as TO enable the
freest expression and to command for Its
conclusions the fullest confidence. Paru-
san and political questions have had no
weight in its deliberations.
THE conclusions the omfnittee have
reached are:
.'First-That an act be promptly intro
duced in both houses providing FOR the APP
pointment by the president of a monetary
commission of eleven members, which
shall as soon as ii may be possib BILE. after
the constitution and appointment thereof.
enter upon n thorough and comprehensive
consideration of the currency and banking
affairs of the United States and the laws
relating thereto. and no limit placed upon
the scope of such inquiry, or the manner
of conducting the same.
1.-The commission shall make, within four
months after the date of its appointment.
and not later than the 1st day of October,
1897. a concise and exact report of its de-
liberations, conclusions and recommended
tions. covering the subject matter consid-
cred by it. accompanying the said re-
port with the proper bii; or bills 10 carry
fits recommendations into effect.
THE judgment of the executive commit
tee is that the very early appointment of
such a committee is of the first Importance
TO the successful accomplishment of its
work. 1t viii he the purpose of this COM
mittee 10 see that the report of the COM
| mission is made the subject of study and
action thereupou by the merchants farm
ers. manufacturers bankers laboring men
and all business and commercial interests
1T is the further judgment of this COM
mittee that the simple fact of the appoint-
ment of such n non-politicaI representative
commission would have an immediate and
important effect in aiding the restoration
of confidence throughout the country