The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-01-28
,iioyAL BOARD OF TRADE
..,0., recommendations Made to
|ss'v ro,oress by tn: Body
| pfpop1 on MONETARY AFFAIRS
| .,.rests Financial REFORM"
pro 80. !. Those Proposed by the
~. indianapolis Conventions

January 27.--The National
s'nD .,.ae Mt It's meeting today adopted
70 a,oort Of the committee on banking
'' :, was the opinion of the commit
mare should be established a con-
~ Nv and deliberately planned financial
an. The plan presented was pr'eNy as
ows canaan the stand
money. , . r,,;ro
n., c,otes notes In such a way As
=, disturb business relations; 'ha' Na-
..rts should be allowed to issue
~ the par value Of bonds and the
aD circulation be reduced and that the
!, hs allowed to issue currency based
under such National supervision
-..,r,ction as will make 1t safe, elastic
,.,semable in gold at banks OF issue
:, .ba CITY of New York; that such
!. =, issue with capital of $4,000 o.
= be- authorized to be established In
and VILLAGES Of less than 5000 popula-
con,nittee on the subject of a mon
commission made a report In which
vrexs Ia asked 10 create commission
consist OF eleven persons, to be ap-
Die BY the president, two OF whom
N Ne selected from the senate commit
!, 6nace and two from the house bank
and currency committee. OF the other
"A msubers two shall be bankers OF
osuI,N experience and ability. two ag-
Imrslsts OF prominence, two mer-
NJ, or manufacturers of standing. In
eys,t shall more than six members be
In Mme political party. 1t is to be the
AZ this committee to enter upon q
oueh and comprehensive consideration
he currency and banking affairs OF the
lied States and laws relating thereto.
or before January /, 1898. they will
e concise and exact report OF their
berations to congress. together with
Der bill, designed to carry their recon-
bdations into effect. In case congress
any reason fails to authorize the APP
btment Of this commission, the board
Jared its approval of the alternative
Of the Indianapolis convention to ap-
pt such commission itself.
be committee TO which was referred the
!ects Of common monetary unit and
fernational coin made report favor
the change OF the coins OF the United
Yea to Great Britain and Germany so as
correspond to the common unit of
(nce, Spain and the other European
|ntriee, which contains % grains of gold.
e-tenths fine, equal in value to the
inch franc piece The passage OF the
now before congress for an interna,
bal convention was recNamended.
he passage of the Torrey bankruptcy
and the establishment of that depart-
BIT Of commerce were also favored.
be committee on harbor improvements
waterways made a report. in which tho
sSrA system of lettinp contract. for s,,ch
* was condemned II was stated Tint
thless bonds Of failed contractors ia
amount of several rnilliors ,,cra rov,
be In the treasury of the United states
prosecutions had been initiated agains,
bondsmen and the result wes the re :
nsible contractors AZ weIi os The na,,,,o
% constantly being defrondod Tbo IN,
vments in the philp Ielrhia barhor NO ,
As caso N no;n, na.ai',.tS mas
ptsd calling tba a,,on,io,, 20 s'Vn ""'
he general s,bioo, ~ thn y. euus,es
Of ibe how'd ~ go, " '"e hon prosecu'
H. III" Ssv er ,'a the most discussion
tee 10 whicb bod 'ep"'' vi .ne com
positions rota,,, ' 0puh referred In
foyernmer, 49, ~ inc oondi'lon
LIowed Thar tbo ;n,i,., ne DIS ciear
National hoo ,nu 'ItiHlduaI nembers Q
hid he dev,sad oe.'e.eN lnat some p'a
IEod and ana n ,n,. agreed as to the bos
n by soro '.l"te exceptions wer
he. This A'r 80 W inc report OF the com
a. tn Tho fisoa, aseialeu mat legis!a
b should Sowo s,os "iiIa's vi inc govern
|ment nj I'm, ro S'vau's III we" sueh 40
her unanlv s,;v,,'in system as shali D
dep,oma. 80 Summing nor unfairl
u tbs imnnrs eu upon members OF con
more aden,,ata,,. VI immediate act'o
sss n, r. .e'y PROVIDE Tor the eX
ointment - intent ana favored IN
IA commiss,o p'!luaneht non-partisa
nges in in,nor, w. "nleh propose
enua tayes ~, 20 such as lnterh'
b. NAV no s~ b ,,'V,HouS OF levyin
board - r submitted for consideration
lime srcS r rep"rl TO congress from tim
linslly , yes' interests Of the country.
ted e 'ep''' was adopted as pre-
DO Chicago board q, trooo ....,
I AZ on which was adopted. providin
aet Of congress making the giyin