Goldsboro weekly argus. [volume] (Goldsboro, N.C.) 1885-1909, 1897-01-14
MONETARY

COulSF0uC0 Is III SEES
sion. It met yesterday in In
dianapolis, and, as the Richmond
Dispatch suggests, its proceed
ings will be watched with great
interest. The conference will
be made up OF leading bankers
and fnanciers. and of delegates
from the more prominent boards
of trade and chambers Of COM
merce throughout the country,
and it is fair to assume that it
will be more thoroughly repre-
sentative of our business and
financial interests than any SIM
liar body that eyer assembled.
Its object. as we understand it,,
is to discuss the defects In our
present currency and banking
system. and aid. as far as pos
sible, in bringing about the nec-
essary reform in that system. It
is not expected that the confer
nee will formulate or recom>
mend any definite plan -otreform;
but. rather, that a thorough ven..
tilation of the subject in all its
phases by the members will
evolve suggestions that may be
utilized by Congress in dealing
with the currency problem.
And surely such a body ought
to be able to make most practical
and useful suggestions to Con-
gress. Surely, also. what with
the conference suggestions, and
such definite plans as may be
laid before-the commission Con-
Eress is to create for the consid-
GRAFTON of plans, there ought to
be no very great difficulty in Civ.
ing-us sound financial legisla>
ton.
There are already before the
country three notable schemes
or plans of financial reform.
These are the Baltimore plan,
the Eckels plan, and the Carlisle
plan. No doubt all three will be
exhaustively discussed in the In
diahapolis conference and their
respective merits and deficien.
cies clearly set forth. No doubt,
also, the old StAte-bank system
will come in tor a large share of
the body's attention, aud as TO
some of. its features. for no fee-
bic championship. AS we happen
to know, there are delegates to
the conference capable Of giving
the system a standing in the
court of public opinion it has not
enjoyed siuce national banks be
came the vogue, and it became
SO much to the interests of the
operators in large financial CEN
tres to malign State banks Of
issue. These delegates, we hope.
will insist that the State bank
system be accorded a full
hearing. MOI that we are in any
way welded to that system We
do not fail to recognize .itsdes
fects. But at the same time we
recognize that it vas not without
its good features, some Of which
might probably with profit to
the country be grated upon any
plan of reform that Congress
might agree to.
However, will Congress, after
all, go seriously to work to res
form our banking and currency
system? Will the body break
away from Republican traditions.
and from one of the most potent
of the influences that in the last
election contributed to the tri-
umph of the Republican party?
We fear not. AS the New York
Journal of Commerce, in a spirit
Of bitter disappointment, says:
.AIl the news from Washington
indicates that the dominant party
has forgotten all about the cur>
rency, and that every energy is
concentrated on the tariff" The
AA0l1AaPOAAo N0dAOAC AN( AA0J
serve to remind the Republicans
of the promises touching curren-
cy reform they made during the
last campaign, and lead to more
pro misses; but, when we remem-
Der the close alliance between,
not to say the identity of. the
men interested in high tariff. and
those.interested in non>action on
the currency question, it must be
confessed that the outlook for a
change in our monetary system
is not very encouraging. At the
least, we would not advise our
people TO delay making efforts
in the direction of business and
industrial revival. in expectation
of financial reform. Let them,
rather, determine to stand Shout
der to shoulder under present
conditions. and conservatively,
but energetically. push present
opportunities and advantages to
the utmost.
BEWARE OF OINTMENTS FOR
CATARRH THAT CONTAIN
MERCURY.
as mercury will surely destroy the
-~n ~ email and eomDfafaTv derappa