The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-01-13
FOR CURRENCY REFORM
Meeting of the Monetary Confer.
ence at indianapolis.
FEW DELEGATES FROM THE WEST,

Ex-Governor Il. q. Stanard Is Selected for
| as Outlined by the Executive Committee
Resolution Agreed Upon by n Number
| of Eastern Delegates-views of Some OF
the Prominent Delegates.
Indianapolis. Jan. 13.-The monetary
convention was called to order at 2:37
p. m. by II. II. Hanna. The Rev. M.
l.. Haines, pastor of the First Presby
terrain church offered prayer. Secre-
tary Smith then read the convention
call. The hall was nearly filled with
delegates and spectators. The tempo
rary organization was concurred in as
follows: Temporary chairman, ex-
Governor E. o. Stanard of Missouri;
secretary. ]. w. Smith; sergeant-at-
arms. w. f. c. Colt. Ex-Governor
Stanard, upon taking the chair, ad-
dressed the delegates, briefly outlining
the causes leading to the calling of the
convention.
The programme, as outlined by the
executive committee, is designed to ex-
pedite the real business as much as pos
sible. The convention may conclude by
Thursday evening. 1t is proposed to
have strong committee to which shall
be referred all resolutions, many writ
ten speeches, and all of the individual
plans for reforming the currency. This
committee is to be instructed to re-
port to the convention as often as nee
essary IT is expected to indefinitely
postpone" such speeches and plans as
1T thinks not worthy of consideration of
the convention, and to report favorably
on such plans as show mature thought.
1t is cert ain that there will be many
plans AID resolutions presented that,
even with much wedding, there will
be enough left to give the convention
food for discussion.
Resolution Favored by Willard.
Mr.. Henry Willard Of New York, who
Is here to attend the convention, favors
the resolution agreed upon by a number
OF eastern delegates, which Is in part as
follows:
Resolved. That the maintenance of
the gold standard is demanded alike by
the principles of common honesty and
by considerations of business prosperity,
to which end we invite the cooperation
of all branches Of the government, of
all commercial bodies, and Of all classes
of our fellow citizens"
f. V. Smalley Of st. Paul said that
the resolution to be introduced commit
ting the conference to the single gold
standard had his unqualified support.
He said the work of the conference
would restore confidence to the people
and bring more lax condition Of
the money market, in that money will
be easier
M. E. ingalls,, president of the Big
Four railway Company, is opposed to
the committee idea. He thinks the con-
vention should agree on some general
principles for the reformation Of the
general financial system. 1t can do that.
Then, If deemed wise, a large commit
tee should be appointed to bring about
the necessary legislation.
Sentiment in the East.
Charles S. Fairchild, ex-secretary OF
the United States treasury, said the
sentiment in the east is strongly in ia
vor of the convention appointing a com
mittee to study the financial situation
and recommend such measures as will
better it. With a commission Of nine
Mr.. Fairchild would favor re-
the convention for the pur-
pose Of accepting or rejecting the COM
report.
George Foster Peabody of New York
favors the idea Of commission. F. w.
professor of economics at Har-
ward, favors the retirement of green
backs. He said: 1T is possible for the
United States to issue convertible pa
per, keep 1T at par with specie, and Sc
cure some slight gain for the commun-
ity by the process, but the probabilities
Of good management are so small and
the possibilities of evils so great, that it
is not safe way in which to furnish
the country with paper money"