Evening star., 1897-01-14
TO REFORM THE CURRENCY
Plan Of the Monetary Conference at Indian
apolis.
Gold Standard Indorsed and the Re-
tiremcnt of United states
Notes Favored.

The national monetary convention. which
has been in session In Indianapolis, has
adjourned finally, after adopting what is
known as the Indianapolis plan.
This plan declares for the gold standard.
1t was proposed by Mr.. II. II. Hanna.
! CHAIRMAN of the committee which made the
arrangements for the convention. Mr. Han
| ma is brother OF Chairman Mark \. Han
| ma or the national republican committee.
Inc Following resolutions. which were
adopted by the convention, emoody ,he
plan:
This convention declares that Il has be-
come aDsoluiely necessary that d consist
eht, straightforward and deliberately plan
ned monetary system shall be inaug,.rafed
| the fundamental basis of winch should h.
r1rst-That the present gold STANDARD
should be maintained.
| second That steps should be taken TO
| insure the ultimate retirement of ell class
es or United States notes by gradual and
STEADY process. and SO to avoid injurious
| CONTRACTION OF The currency ar disturbance
It,,u ~ me business Interests of the country.
| entu such retirement provision should be
| made ior a separation Of the revenue and
| note issue lerartm,nts of the treasury.
infi-That banking system be pro-
sloeo which should furnish credit facilities
10 every portion OF the country aud a ga 70
| ana elastic circulation, and especially with
| a view OF securing such a distribufion Of
| ,ne ioahabie capital of the country as will
parts of it, N'' III "i'
| For the purpose of effectively promot,ne
'he above objects, fifteen members of mis-
| onNention snail he appointed by the chair
| Hien 10 act as an executive committee
wHie tnis convention is not in session ana
| snai s! nave the full powers of the conven-
| uoh. Inc executive committee shall have
the power TO Increase its Membership N
any number not exceeding forty-fye anJ
hNe members shall at all times constitute
| eSpiIh OF the committee. The commit
zee shaiI have special charge of the solicit
ta1on receipt and disbursement: of con-
trloutfons voluntarily made for ali nur
| poses, shall have power to call this con-
Henuon together again when and where Al
im INC So seem pest to do so. and shall continue
IN once with power to fill vacancies un.II
veniion. VI N'i3 eoi'-
~ shall be the duty of the executive
committee to endeavor to procure al Tho
special session of Congress which n 10
understood will be called in March next
iegislation calling for the appointment ~
| - ry y commission by the President
" .oIis s!der tne entire question and to re-
port 10 Congress at the earliest day NOS
sibie: Or. falling to secure the above leg
sIation, 1t Is hereby authorized and en-
powered to select a commission of el.,.er
members, according to the rules ana nlsrs
set forth in the suggestions submitted 20
the convention by Mr.. II. H. Hanna OF In
dianapolis." " "
According to these suggestions ..all rules
ana bylaws Of the commission and ALI IFS
proceedings shall be directed toward the
accomplishment of the subject of its crea-
ion. which is to make a thorough investi-
eaiion or the monetary affairs and needs OF
tnis country In all relations and aspecrs
ana to make appropriate suggestions as 10
any evils found to exist and the remedies
therefor 'e
me resolutions were drafted by the fol-
loving committee: Maryland, John NJ
Neison: virginia. S. w. Travers: Nichi-
Can, N +. Fletcher; Kentucky Lo-
gan C. Murray; District of Columbia
IS. ii. Warner: Texas. NJ l.. Craw
ford Mass ach husetts. H. L. Higginson; Mis-
sisslppi {. w. Robinson; Illinois frankie
McNeagh: Maine. Charles F. Libbey: Geor-
gia, Rufus b. Bullock: Iowa, Fl. A. Jantz.
Cor necticut Joel S. Sperry; Pennsylvania
John {. Bullitt: Montana. T c. Powers:
tennessee, J. c. Reynolds; Ohio. NJ. ri
ingalls, Alabama. II. c. Tompkfns: Ar
karsas, III. L. Remmel: Minnesota, w. n.
Dean: Wisconsin, F. II. Madeburg: New
Jersey, Benjamin Ather: Missour. George
Z. Leighton; Rhode Island, Rowland Haz-
ard. "A
MI woodward of Washington rendered
the oosrd of trade rooms In Washington for
,ne use OF the executive committee I'm
washington when here This inyttation
was accepted and the convention then ad-
Journed subject to the call of the executive
committee.