The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-01-14
PLAN FOR MONEY REFORM.
THE MONETARY CONFER ESCE Al
JOURNS dF1ER TAXING ACTION.

etary Convention, which has been in session
here two DAYS, adopted this afternoon almost
unanimously a declaration Of what LEGISLATION
In It's opinion is needed upon the subject.
This declaration included u demand for the
maintenance OF the gold standard and the re-
tirement OF the demand obligations OF the
Government. Accompanying this was n propo-
sition for the appointment OF n COM
mission to investigate and report by
bill or otherwise upon the evils and remedies Of
the currency system. This was the unanimous
conclusion OF the Committee on Resolutions. .
result that was expected by the delegates. In
dorscment In the convention was not SCI
cured. however, without opposition, and an
exceedingly animated debate. with short con-
troversies between Congressman Fowler Of New
Jersey and state Assernblyman Roots Of Indi-
ana. and Congressman Walker OF Massachusctts
and John Harscn iihoadcs OF Now York.
The feature OF the morning session was
speech by Congressman Fowler. In which no
mentioned what he thought were the Causes Of
tho present financial ills aud the remedy there
Tor. Npm.rou. suyr,.tIon. "a, ,oform Nor.
- '" Nv" 80
made on the floor. and half a dozen speeches
we're made while waiting for the report OF the
Commitsa nj, RESOLUTIONS
nn"N ~ ~ .uN
III was not until the third session OF the day
that Ii. II. Hanna, Chairman OF the Committee
op Reso,u,ion. nrcs.,,ea IN. ,e,ort NJ bIs corn
mittee. lie said II was the unanimous expires.
sion Of the committee and asked like unani.
mar. .,,nor, ,,om IN. c,,,.n,,o, NJ n H..
nous support from the CONVENTION M Il. i'
gals read the report:
This conference declares that II has become
.h.oi,,o,, ,.,...... ,,., ,o,.n,.., ,,..Iuh.
oo''s.'' ..'. ''"'s"
Forward and deliberately planned monetary
system shall be ipaugurated. the fundamental
81. ,u,,.. .,a,,a ~,
" m." "ou'u 10
First That tho present gold standard
abnnld ha N afntaIpa
.c.o.., IT,, -. ..,,
seconu ina. steps shou'u DC. uakeh toin.
United States notes py n gradual and steady
nroce,,. 40 n, 10 avoid ipiurIou, con,rac,,on %
the currency or disturbance of the business In
tcrests Of the country. and that in such retire.
ment provision should DO made for a separation
OF the revenue and note issuedepartments OF
.r.t1,
oankthK system . . proV'aeo
which should furnish credit facilities TO
and elastic circulation, and especially
trlbution Of the loanabie capital Of the
country az will tend to eqnslizs the rates OF
oi sTss,. ,% al pr oas5; ssf he sbo %ST o bic e purpose
"Resoirtd. That fifteen members OF this con-
an Executive while this convention
Is not In session, with full power Of this conven-
ton. The Executive Committee shall have the
pOWtT ~ " ultUlDtTNhlD W my nUnu-
Der not exceeding iorty-hve. and FIVE members
thereof shall at all times constitute a quorum Of
said fS% E n,ssssii Committee shall have .p,c,.,
charge of the solicitation, receipt, and disbur-e:
tnent OF contributions Voluntarily, made for all
ton together again when and where IL may seem
best to sad, committee to do 80, and snid com:
mittee shall cont nue. In ONCE, with power to all
vacancies, until discharged Mt a future meeting
OF this convention.
"Resplred. That II shall be the duty Of this
Executive Committed 10 endeayor 10 procure At
the special session OF Congress. which II Is I'M
derstood Will be called In March next. legisla-
ton calling for the appointment Of .
Monetary Commission bv tho President to
consider the entire question and report
failing to secure the above legislation. they are
hereby authorized and empowered to select .
rules and plans set forth in the snrsestlons
submitted TO the Convention by Mr.. Hanna OF
Article 1.-The committee shall consist of
eleven. members. 10 I've named by the Executive
Committee Appointed by this convention. Tbs
Executive Committee shall have power TO I'll
vacancies In the commission as they may occur.
Article H. This first meeting OF the cons
mission shall be held at q time and pace to DO
designated by tho Executive COMMITTEES
issued therefor and at such meeting
election. OF such Officers ana the adoption Of
such rules and bylaws for ITS own government
rs may be agreed 10 by n majority OF its men,
bers; and THEREAFTER II shall he governed by
such rules snd bylaws subject to these articles.
fTtlClt H. Al. Tu1cs uHi ui laNS WI
commission and all It's proceedings shall be
directed toward the accomp lisli ment Of tho
objects of its creation, which i to make q
thorough investigation OF the monetary
affairs and needs OF this country and
all relations and aspects and 10 make
appropriate suggestions as to any evils
found H. exist and the rome lies therefor. and
no limit l. placed upon the scope Of such in
qniry or the manner Of contuct!us the same. eI-
cepting only that the expenses thereof SHALL not
exceed the sums set apart for such purposes by
the Executive Committee.
Article IN.-The Executive Committee OF
the convention shall use 50 much ot the vnlun-
tary contributions made 10 II as NAV lie avail
able for that purpose TO dc'ray all necessary ex-
pcnses OF the commission, and shall notify tho
comm ssion from time To time of the amount so
available. IN order that IT may regulate lie ex-
penditures accordingly, and no Liability shall
attach 70 said commission or to this convention
beyond ~ amount 20 notitet,
Article N.-When the lahnrs OF TINS COM
mission have been complete! as far "a practi.
cable. the Executive Il II deems it
n advisable. shall issue u call to bring this ron.
vcnt!on together again AT n time and place
designated in such call: and Al the meeting SO
convened the committee shall make report OF
It's doihgs and. suggestions IN ,such manner
and form as 1t shall deem best adapted 10 pre-
sent the same to this convention and its MEM
bers for action; nnd II legislation Is deemed al.
~yisahle. shall accotnpa,y snch report villas
draft OF such bill or bills providing for such
Legislation.