Rock Island Argus., 1897-01-14
BASIC PROPOSALS
Of the indianapolis Gathering Of
Financial Experts.
STANDARD OF GOLD Is THE FIRST,

And the Second Is That the Greenbacks
and All Other Glasses of United States
Notes Must Go--An elastic. System Of
Currency Another Of the Needful Things
Text OF tho Principles aud Plan of
Campaign Adopted. 49,
indianapolis. Jan. 14.-ht 10: 80 o'clock
yesterday the first morning session Of
the monetary conference was called to
order. The convention has been con-
spicuous for the absence of unneces-
sary frills. The chief event Of the morn
ing session was the speech Of Repre-
sentative Fowler, of the banking and
currency committee of the national
house, in which he said: There are
three ways of escaping national bank
ruptcy at some time, if the present
plan Is to be continued: I've could
assume full functions of banking, a
step which is altogether out of the
question; 2-we can tax the people
when the emergency arises. which must
prove, as it always has, a most expen-
siVe and burdensome policy and one to
which the people will not long submit !;
3-the retirement of the demand OBJ
legations OF the government, a policy
that Is demanded by our own expert
ence and approved by that of all the
rest Of the world. This is the only prac-
tical solution and it is our only rene
dy."
Business Concluded with q whirl.
With an exception in the case Of Fow-
Ter all the speeches were limited to five
minutes. and there were bushels of
plans proposed for attaining the OBJ
1ects Of the convention. To have read
them all in full would have been i'm
possible; so they We're sent to the COM
mittee on resolutions unread. And that
committee wrestled all day with the
question of which was the best, or
would sort of composite" plan
made of them all or several of them
be the thing wanted. A scheme was
finally decided upon. reported to the
convention. unanimously adopted and
sine die adjournment reached a day
or two ahead of the time expected by
many people in this city
Walker Objects to the Report.
During the day, having been invited
to do So. the convention paid a visit to
the Indiana senate-that is to the
chamber. for when they arrived the
Indiana upper house had adjourned, and
the delegates trudged back to their
hall through the snow. The plans given
in full below were not put through
without opposition, but the opposition
was by only two. Walker and Fowler
the members of the national house pres
ent. After the committees report was
read Walker said:
THE congress of the United States
the last congress deferred action upon
any reform Of the finance and bankire
system Of this country to the present
congress. 1t was DELAYED until the
present session of congress. The COM
mittees on banking and currency of the
house and finance of the senate have
taken no special action, but up to the
present moment 1t had been determined
that before this congress closes there
should be some definite scheme formu-
lated to be presented to the proposed
extra session Of the Fifty-fifth congress
And but for this convention some
scheme would have been provided.
Want, to Know What THEY'VE Don..
.This convention was called VIVA,
have Won done? The extra session ,neet,
you cannot inaugurate your commits.
sion hafore tho close NJ Tho nrasan+ ,o,
press. Won cannot determine whsth.,
., Ill, onno,.. .s,. .,,
this body until that scheme is tried. and