The herald., 1897-01-14
First-That the present gold standard

judicious contraction of the currency or
disturbance of the business interests of
our country, and until such retirement
provision has been made for a separa-
tion of the revenue and note issue de-
partments of the treasury.
Third-That banking system be pro-
vided which shall furnish credit facili-
ties to every portion of the country and
elastic circula tion. especially with a
view of securing such q distribution of
the loanable capital of the country as
will tend to equalize the rates Of inter-
est in all parts thereof.
For the purpose of effectively promot-
ing the above objects,
Resolved, That fifteen members of
this convention be appointed by the
chairman to act as an executive, COM
mttee while this convention Is not in
session, with the full powers of this
convention. The executive committee
shall have the power to Increase it's
membership to any number not exceed
ing forty-five, and five members there
Of shall at all times constitute a quorum
Of said committee.
The executive committee shall have
special charge of the solicitation, re-
celpt and disbursement of contributions
voluntarily made for all purposes; shall
have power to cafb this convention to-
gether again, when and where II may
seem best to said committee to do so.
and said committee shall continue in Of
fce with power to fill vacancies until
discharged at future meeting of this
convention.
Resolved That 1t shall be the duty of
this executive committee to endeavor to
procure at the special session of con-
gress which it is understood Will be
called in March next, legislation calling
for the appointment of a monetary COM
mittee by the president to consider the
entire question and to report to con-
gress at the earliest day possible. Or,
failing to secure the above legislation,
they are hereby authorized ard empow-
cred to select a committee of eleven
members, according to the rules and
plans set forth in suggestions submitted
to the convention by Mr. Hanna of In
dianapols, as follows:
Article 1.-The committee shall con-
slst Of eleven members to be named by
the legislative committee appointed by
this convention. The legislative commit
tee shall have power to fill vacancies in
the committee as they may occur.
Article 1.-THE first meeting of the
commission shall be held at time and
place to be designated by the executive
committee Of this convention on call
to be issued therefor. and at such meet
ing the convention shall organize by the
election of such officers and the adoption
of such rules and bylaws for its own
government as may be agreed upon by a
majority of its members; and there
after it shall be governed by such rules
and bylaws subject to these articles
Article III-Al rules and bylaws of
the commission and all it's proceeGinss
shall be directed toward the accom-
plishment oe the objects of it's creation,
which is to make a thorough investiga-
tion of the monetary affairs and needs
of this country in all relations and as
poets and to make appropriate sugges-
tions as to any evils found to exist, and
the remedies therefor, and no limit is
placed upon the scope of their inGuiry
or the manner of conducting the same
excepting only that the expenses there
of shall not exceed the sums set apart
for such purpose by the executive CON-
mittee.
Article IV.--The executive committee
of this convention shall use so much of
the voluntary contributions made to 1t
as may be available for that purpose, to
defray all necessary expenses of the
commission, and shall notify the COM
mission from time to time of the amount
so available. so they may regulate its
expenditures accordingly, and no liza
bility shall attach to said committee OF
to this convention beyond the amount
so specified.
Article V.-When the labors of this
commission have been completed so far
as practicable, the executive commit
tee, If 1t deems advisable, shall issue a
call to bring this convention together
again at time and place designated in
such call; and at the meeting so con-
vened the committee shall make report
of its doings and suggestions in such
manner and form as it shall deem best
adapted to present the same to this
convention and its members for action
and IL the legislation is deemed advis-
able. shall accompany such report with
draft of such bill or bills providing fol
such organization.
Resolved. That all resolutions and all
communications as to methods of cur
rency reform, which have been pre-
sented to this convention be referred
to such committee when formed
A BOMB THROWN
After the reading of the resolutions
Mr.. Walker of Massachusetts, chairman
OF the house committee on banking and
currency. was recognized and hurled q
bombshell in camp peaceful. He said:
THE committee on banking and cur
rel cy Of the house and the finance COM
mittee of the senate have taken no spe-
cial action but up to the present moment
1t has been determined that before THE
congress closes there should be some
definite scheme formulated to be pre-
sented to the proposed extra session OF
the Fifty-fifth congress.
And but for this convention some
scheme would have been provided. This
convention was called. What have you
done? / don't believe there Is mem
Der of congress here nor in Washington
who believes that by the machinery YOU
have designed here anything can be ac-
complished until the Fifty-sixth con-
gress. l ask, then, If you wish to face
the people again in the financial condi-
tion that has been revealed to them"
In closing. Mr.. Waller said:
II did propose that you say something
about the methods of securing legisla-
tion If there had been the slightest hope
of encouragement from this convention
but want to say that you have damned
the whole reform, damned here today in
the weakness of human nature, and
there Is no salvation"
Congressman Fowler offered ar
amendment to the committees report
and urged the substitution of his reso.
luton. He said the complicated ma
chinery proposed by the committee on
resolutions would cause the noble pur-
pose of the convention to perish through
dry rot. He urged the immediate an.
pointment of committee to wait upor
congress. A spirited debate followed
Mr.. Hanna of Indianapolis said there
was no question that if the committee
performed it's work well it could have q
measure ready to present to congress
next winter.
Congressman Fowler interrupted tc
state that as the unanimous sentiment