The record-union., 1897-01-13

lead and copper mines of this repub-
lie, believe that they who control by
their investments and prompt and Gre
ate by their energies the wage paying
industries of the republic, which not
cniy put the dinner in the tinpail of the
laborer, but which pay him wages that
entitle him to look forward to a condi-
uon of independence when he may be-
come an investor himself, l believe that
these men who prompt all this have in
them the wisdom to face this sea Of
troubles and by opposing end them. 1t
Is not my place now to talk of detail
but it has seemed to be my duty that I
should remind my countrymen who are
irere of the difficulties that lie before
you"
The Committee on Permanent Or
ga1dzation reported naming c. S. Pat
terson of Pennsylvania for permanent
Chairman.
The Committee on Credentials re-
ported that 210 delegates had been en-
rolled, representing the trade and COM
mercia1 organizations of the different
cities
Inc Committee on Rules and Order Of
business presented its report, the chief
features of which We're the provisions
Tor restricting debate, making the ex-
IRENE limit for speeches half an hour
ana conflnlng most of them to five and
ten minutes each. 1t was adopted.
Z. Stuart Patterson was recommend
ed for President and a President
from each State represented.
Evans Wood of INDIANAPOLIS was
for T..
was also recommended that the other
committees named be continued, and
that Committee on Resolutions of one
from each State be named. Adopted.
MT Patterson was escorted to the
platform by E. B. Martindale and H. II.
Hanna of Indianapolis and Lowry Of
Atlanta, Ga. He addressed the con-
Vention
In accordance with the provisions of
the report on permanent organization
the State delegations selected Vice
Presidents and members of the Commit
tee on Resolutions. The latter We're re-
ported as follows:
Minnesota, w. B. Dean: Ohio, M. F.
ingalls,; Tennessee, J. c. McReynolds;
connecticut, Joel A. Sperry; Montana,
L. c. Power; Pennsylvania. J. C. Bull
lit; Iowa, Ed A. Temple; Georgia, r. P.
Bullock; Maine, c. F. Libby; Illinois,
Franklin MacVeigh; Mississippi, E. w.
ROBINSON; Massachusetts, H. L. Hig-
gins; Rhode Island, Rasland Haggard:
Missouri, G. f. Layton; New Jersey,
Ben Laycock; Michigan n. A. Fletcher;
Wisconsin, F. H. Madgebury; Alabama,
II. c. Tompkins; Arkansas, H. L.
Runner; Texas, NJ. L. Offut; District of
Columbia, 3. H. Warner; Maryland, j.
NJ. Nelson; Kentucky, Logan c. Muir
ray; Virginia, S. w. Traverse; New
York, w. E. Dodge; Indiana, H. H.
Hanna; California, John p Irish.
Hon. j. H. Walker of Massachusetts,
Chairman of the House Committee on
Banking and Currency in the present
Congress. was invited to address the
convention, which he consented to do
At the conclusion of Mr. Walkers re-
marks the convention took a recess I'M
til p. m.
The evening session was called to
order by Chairman Patterson.
NJ. E. Ingalls, was recognized to move
that the Committee on Resolutions
should be permitted to retire and sit
during the session. It was so ordered
j. H. Rhoades was then recognized and
allowed twenty minutes to present the
views Of the New York Chamber of
Commerce, which he represented. He
stated that if the country was allowed
much longer to hold the present finan-
zeal course disaster and wreck will GER
tainly result. He said that what the
country needs is stability of all kinds,
stable tariff, stable Government and
stable currency. He said that prosper
ity could only be restored by the estab-
ishment Of a sound monetary system.
Mr.. Rhoades was applauded when he
said that he could see no reason why
the Government should not base all it's
issues upon the gold standard and re-
place all notes by coin certificates pro-
tected by - per cent gold reserve. In
closing Mr.. Rhoades denied with much
feeling the charge that there is hostility
in New York and other cities of the East
toward the West He declared that the
interests of one part of the country are
the interests of all.
Mr.. Ditman of Chicago proposed that
that a committee of nine be appointed
by the President of the United States
to investigate the monetary question
and report to Congress by bill or other
wise.
Mr.. Chadwick of Brooklyn offered a
resolution directing the Committee on
Resolutions to take into consideration
the expediency of Incorporating into the
national bank system of the principle
of Scottish branch banks.
Mr.. Peat offered the resolutions
adopted by the St. Louis Chamber of
Commerce advocating the maintenance
of the gold standard, with the with
draWal of the Government from the
banking business and the extension of
the national banking system by the
establishment of branches and the re-
duction of the minimum of capital stock
required of such institutions to S25 900
George G. Tanner of indianapolis of
fered a series of resolutions declaring
in favor of a refunding Of the national
debt, a more expansive system of ma
tional bank currency and the withdraw
al of greenbacks.
II. II. Hanna of indianapolis present
ed a scheme for the appointment of a
monetary commission of eleven mem
bers, TO be named by this convention,
and to work at the expense of the con-
vention, in investigating the financial
subject. their conclusions to be reported
to an adjourned meeting of the conven-
ton, with a view TO their presentation TO
Congress If legislation should be deem
ed desirable. The reading Of this plan
was greeted with applause.
]. p Irish read, as an expression of
the views of the Bankers Association Of
California, a resolution adopted in May
last and reafirmed in December. a dec
laration that the present gold standard
~1,.r,1y1 -. ,ofnfafpAJ ap1