The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1897-01-13
Business Representatives of
the Country Assemble
at Indianapolis.
Many Plans Submitted in the
Interest of Sound Cur
rency.
Resolutions Providing for the Retire
ment of Uncle Sam From the
Banking Business.

INDIANAPOLIS, IHR, Jan. 1.-THE
National monetary conference called al
the suggestion OF the Indianapolis Board
OF Trade and composed OF representa-
tiEes OF similar organizations from all
parts OF the country assembled in Tom
linson Hail this afternoon. The arrange
ment Of the hall was in general similar 10
that OF the gold convention held IN the
same plsce last September. The decora-
tons we're much more moderate, however,
consisting Of the National colors draped
over the platform. There was a sprink-
ling of spectators in the galleries and the
hour preceding the beginning Of business
was enlivened or music
The convention was called to order al
2:30 o'clock by Hugh H. Hanna, chairman
OF the executive committee, under whose
management the arrangements Tor the
convention were made and who origin
ated the movement eliminating IN the
meeting to-day. He introduced Rev. N.
L. Haines, pastor Of the First Prespyte-
rian Church, who opened the proceedings
with prayer He asked that the result of
the conference might be even greater and
far-reaching than the projectors even
dared hope for, and that the country
might be prosperous in the future as it
never had been in the past.
In the name OF the executive committee
Mr.. Hanna extended a cordial welcome to
the delegates. They understood and appre-
ciated the sacrifice made by business men
in coming TO the convention at this time
of the year.
J.W. Smith, secretary OF the Indianapolis
Board of Trade, read the cali under which
The convention assem- bed. The emphatic
terms Of the call declaring 1t TO be the SEN
timents of the business men OF the country
that they should take part in shaping the
financial legislation OF the country and
that they would Dever agree to any propo-
sition which you'd degrade the present
standard OF values were received with ap-
plause.
Mr.. Hanna presented the report OF the
executive committee. Pursuant to the
resolution that was adopted at a pre-
Iiminary conference, December !, it is
said, the committee has sent out invita-
tons to boards OF trade, commercial clubs
and such ike organizations in all the cities
of the United States Of a population Of
5000 ana greater. according 10 the last
census, requesting these TO send delegs-
tions 10 this convention. There are as
sembled here go delegates, representing
business organizations OF cities N nearly
every State IN the Union.
The committee recommended for the
temporary organization q committee on
credentials, On permanent organization
on rules and order Of business each con-
sisting OF fifteen members
That all resolutions concerning the cur
rency and banking systems ana mode Of
procedure shall be referred EithOU. debate
TO the committee on resolutions, 10 be ap-
pointed BY the permanent chairman.
That each delegate present shall be emit
tied 10 one vote.
For temporary chairman the executive
CON mittee recommended (. O. Stanard OF
St. Louis, for secretary Jacob " Smith OF
Indianapolis. and for seTgeant-af-arms W.
+. c. Colt OF Indianapolis.
The committee on credentials reported
that $50 delegates had been enrolled, rep
resenting the trade and commercial or
ganiZsuons OF the different cities
The committee on rules and order Of
business presented its report, the chief
feature OF which were the provisions for
restricting debate, making the extreme
limit for speeches 10 half an hour and con-
hnllg most OF them TO i've and ten mi
utes each Il was adopted.
The committee on permanent crganIza-
ton recommended the name 81 q. Stuart
Patterson OF Pennsylyanss for president
and q TIce-president for each State repre-
senTed. Evans WOCleu OF Indiana polls
was named for permanent secretary and
NJ. Coli sergeaut-at-arms. Il IVES also
recommended that the other com mittses
named be continued.
Dir. Patterson Bss escorted to the plat
form by Messrs- E B. MartindaIe and
II. H Hanna Of Indianapolis and Mr.
Lowry OF Atlanta, Ga He addressed the
convention.
Ia accordance with the provisions of
the report on permanent organization the
State delegations selected vice presidents
and members of the committee on PESO
Iurions. The latter we're reported as fol-
lows: Minnesota, W. 3. Dean; Ohio 81.
Z ingalls,; Tennessee, J. C. McReynolds !;
Connecticut, Joel A. Sperry Montana c.
Powers Pennsylvania, J. c. Balliff; Iowa
Z. a. Temple; Georgia, p P. Bullock;
AEeVeagh; Mississippi, G. ". ROBIN son !;
Massachusetts,, II. l. Higgins; Rhode
Island, Rasland HaggaTd; Missouri,
George E. Layton; New Jersey, Benjamin
Laycock; Michigan, Y. A. Fletcher; Wis
cOnsin. Z. II. Madebury; Alabama, II. c.
Tompkins; Arkansas. II. L. Runer; Texas,
u. L. Ohut; District OF Columbia, B. Il.
Warner; Maryland, J. u. NeIsol. Ken
incky, Logan c. Murray; Virginia, S. W.
Traverse; New York, w. E. Dodge; Indi-
ana, II. II. Hanna; California, John P
Irish.
Hon. J. H. Walker of Massachusetts,
chairman of the House Committee on
Banking and Currency in the present Con-
gress, was invited TO address the conven-
ton, which he consented TO do.
At the conclusion of Mr.. Walkers re-
marks the convention took recess until
s O'Clock this evening.
The evening session was called to order
by Chairman Patterson at $40 NJ
ingalls, was recognized TO move that the
committee on resolutions should be per-
mitted to retire and sit during the session
1t vas so ordered.
]. h. Rhoads was then recognized and
allowed twenty minutes 10 present the
views of the New York Chamber of Com
merce, which he represented. He stated
that il the country was allowed much
longer to hold the present financial course
disaster and wreck will certainly result
He said that what the country needs is
stability of ali kinds, stable tariff, stable
government and stable currency He
said that prosperity could now only be
restored by the establishment of sound
monetary system. Mr.. Rhoads was APP
reason why the Government SHOULD not
base all its issues upon the gold standard
and replace all notes with coin certificates
protected by % per cent gold reserve
In Closing Mr.. Rhoads denied with much
feeling the charge that there is hostility
IN New York and other cities of the East
toward the West. He declared that the
interests of one part of the country are
the interests OF all
Mr.. Daushman of Chicago presented