The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1897-01-14

Indianapolis, Ind, jan 13.-At 1870
the monetary convention was called to
order by Chairman Patterson. The
secretary read a telegram from the Jer-
sey City board of trade amid applause,
commending the objects of the conven-
tion and expressing it's intention Of
standing by it in the fight for honest
money and the natioal honor.
f. II. Madgeburg, of Milwaukee, pre-
sented series of resolutions represent
ing the views of the business men of
that section. II demanded legislation
for the refunding of government de-
mand notes in long time bonds, with
a compensatng issue of national bank
notes.
E. O. Stannard, of st. Louis, sent up
a plan formulated by w. c. Little, a
merchant of that city, the main fea-
lures of which were similar to the de-
mandS made in the Milwaukee resolu-
tons.
The secretary read the titles of a
large number of schemes of revision
and relief which had been forwarded
to the executive committee by their au-
thors, and they were all referred to the
committee on resolution.
"Bimetallsm Is the Universal Stand
ard, by an American" evoked an audi
bic smile.
Charles E. Adams, president of the
Massachusetts state board of trade, Of
fered a resolution recommending the
organization by states of business men
in order to expedite the gathering Of
similar conventions in the future.
+. G. Camp, of Knoxville. Tenn, sug-
a
eminent as we would as individuals,
He advocated a tariff law sufficient to
yield a revenue of $65O.OO0,0 600 and the
gradual retirement of the greenbacks
and other government Indebtedness at
the rate of at least 00,000,000 year
COMPLIMENTS TO STANNARD.
Mr.. Cobb, of Massachusetts, on be-
half of his delegation, said they were
so well pleased with Governor Stan
nard's opening address that they de-
sired to commend it to the committee
on resolutions for its consideration in
preparing its declaration of principles.
Governor Stannard asked that the mo-
tion be withdrawn in reference to him,
but Mr.. Cobb stated that he desired it
presented as representing the senti-
ments of his delegation. 1t was SO or
dered.
The meeting was on motion of Mr..
Chadwick of Brooklyn, then thrown
open for an exchange of opinion,
speeches being limited to five minutes.
Nobody offering to speak, calls We're
made for Chadwick. Mr.. Chadwick
gave the history of the establishment
of legal tender obligations issued by the
government
Representative Fowler, of New Jer-
sey, was asked to speak, but it re-
quireG a division of the house to pass
a motion to suspend the operation of
the five-mnute rule in his favor.
Mr.. Fowler's mention of the name of
President Cleveland, asserting that his
declaration that the last recourse of
the government should be exhausted in
the effort to sustain the credit of the
nation alone stayed the flood hurrying
the country on to a deprecated stand
ard, evoked the first real burst of en-
thusiasm the convention experienced.
1t was followed by equally expressive
outbursts when he referred to the ac-
tion of the Republican convention in
asserting that the gold standard must
be maintained and that the Democratic
party contained large element of pa :
triots, who declined to follow the lead
of their leaders and voted for Major
Mckinley.
APPROVED OF THE WORD GOLD.
The congressman's emphatic state
ments in favor of the use of the word
gold" instead of coin" in national
obligations, and against further dis
cussion of the silver coinage question
,f he
convention, being frequently applauded
At the conclusion of Mr.. Fowler's ad-
dress he was surrounded by a crowd
of admirlng delegates, whose warm
congratulations somewhat interfered
with the immediate further proceed
ings.
on motion of A. Fl. Vanslaack, of
Chicago, the paper by Congressman
Fowler was referred to the committee
on resolutions. A proposition to in
struct the committee to incorporate its
sentiments in their report was rejected
as All infracrion of the rules. A rising
vote was given to express the satisfac-
tion and appreciation of the conYen-
tion with the address.
Lieutenant Governor Huggard, OF
Indiana, transmitted a resolution
passed by the state senate inviting the
members of the convention to visit the
senate, the courtesy of the floor to be
extended to them. The invitation was
accepted and to avail itself Of the in.
vitation a recess was taken until 4
o'clock. ,..
When the delegates reached the state
house they found the senate had ad.
journed. eI