Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1897-01-12
A FINANCIAL POLICY
Indianapolis Monetary Con-
ference May Influence the
Next Administration.
BI-METALLlSM IN SENATE
Th0s. B. Reed Still Asserts HIS
\ Authority as Speaker Of
the House.
THE, OMAHA EXPOSITION

INDIANAPOLIS, Ind, January H.
The great monetary convention whicl
opens to day, and which Is expected U
have a potent influence upon the imam
cial policy Of the incoming national ad
ministratlon and the congress that as
semDles IN March next, had its origin
in conference OF representatives o
commercial bodies Of this city, Chicago
St. Louis, Cincinnati, Milwaukee, Min
neapolis, St Paul, Louisville, Columbus
Cleveland, Toledo and Grand Rapids
held here on the first of December last
At this conference, after free inter
change of opinions between republi
cans. gold democrats and silver dem
ocrats, it was unanimously agreed thai
remedy should be sought from
congress for the ills attending the
present currency and banking system,
and to this end there should bo held q
strictly non- partisan convention OF rep
resentative men chosen from boards
OF trade, chambers Of commerce, COM
mercial clubs or similar commercial
bodies, for the purpose Of considering
and suggesting such legislation as in
their judgment would be necessary to
place the currency system OF the
country upon sound and permanent
basis. In its call the executive COM
mittee, and which included in Its
membership such well-known men as
Ex-Governor Stannard, of Missouri; !;
M. E. Iugalls, OF Cincinnati; J. e..
Cowles, of Cleveland; Joseph II. Outh-
waite, of Columb bus; E. V. Smalley, OF
St. Paul, and representatives Of the
other cities heretofore named, used
this language:
ut is the right and duty Of the business
men of the nation, in 4 matter of such vital
business concern, to render to this cause all
che aid which their experience and know
ledge can afford. These owe to themselves
as citizens of the republic and as matter
of business self preservation to participate
actively and, we believe, efficiently, in this
movement. The business men have been
accused of neglect of political duties. In
ordinary times there may be some founda-
tion for this charge, but at every critical
juncture in the history Of our country, they
have, in the spirit of enlightened patriotism,
risen to the full measure of their duty;
aud we believe that the painful experience
of the country under the existing laws ad-
monishes the business men that we have
reached the point where 1t 10 their duty 20
take an active part in helping to solve the
great question involved. And we have
right to believe that a convention composed
of broad minded and enlig ghtsned business
m en-, so earnest in the pursuit OF truth that
party alterations will be forgotten, will
do much in helping forward wise and
sound solution of the currency question"
The basis of representation, as adopt
ed by the executive committee,
called for convention of 1,400 dele
gates from 44S ciues. A large per-
centage of the organizations invited,
however, failed to respond.
INDIANAPOLIS, Ind, January 12-
The currency reform convention
has brought to the Hoosier capital as
large and distinguished gathering as
that which IN the fall of last. year
placed Generals Palmer and Buckner
in the field as the presidential nomi-
nees of the national democrats.
On this occasion, however, the
gathering is distinctly non-partisan.
Governor Asa Bushnell heads the
Ohio delegation, and Sam P. Sheerin.
for many years secretary OF the demo-
cratic national committee, that from
his state. From Chicago comes Lyman
j. Gage, the noted fnancier and pres
fdent of the First national bank; John |
J. Mitchell, another big banker;
Michael Cudahy, the packer, and |
George H Webster, until recently The
partner Of P. D. Armour.
Cincinnatl's most prominent repre-
sentative is M. E. Ingalls,, president
of the Big Four railroad. Ex-Con-
gresham Joseph H. Cultivate heads
the delegation from Columbus, O., and |
Augustus E. Wilson, that from the
Louisville board OF trade and allied or
Kansas City sends about
q dozen of its most prominent COM
mercial men.
Other cities represented are Detroit.
St. Paul, Boston, Nashville,
Tennessee, Milwaukee, Middletown,
the delegation from which |
is. headed by the governor Of the state,
D. Vincent Doffin; Hartford Connect
icut, youngstown, Ohio and st. Louis.
Altogether it is estimated that between
100 and BOO delegates are in the city. |
The convention will be called to order
1t Tomlinson's hall, this afternoon, BY
4. y. Hanna, chairman of the execu
i've con mittee.
The morning trains brought many
lcccesslons to the number of delegates
o the monetary convention. Genera
Simon Bolivar Buckner, late candidate
or vice president on the national demo
ratio ticket, was among the number.
eugene Lowering, late candidate for
president on the prohibition ticket. ar
iyed soon after. There Is noticeable
.bsence OF delegates from ths atss
rest of the Missouri river and thes
california has sent John P. Irish, only
The executive committee met at 10
,clock, this morning, and laid out the
nal programme. II was decided to
init the speakers to ten minutes, for
be presentation Of papers and plans of
reform.
Tomlinson hall presented much the
anne appearance when the delegates
ssembled, this afternoon, that 1t did
Turing the ma onaI convention. Dele
rates wearing red silk badges began to
at :45 O'Clock p. m. A few
after 2 O'Clock, Hugh H. Han