The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1897-01-18
was invited to address the convention
which ne consented to do.
Evening Session Was Lively.

The evening session was called to order
by Chairman Patterson at $40 o'clock.
NJ. L. Ingalls, was recognized to move that
the committee on resolutions should be
permitted to retire and sit during the ses-
sion 1t was so ordered. Mr.. j. Harson
Rhoades was then recognized and allowed
twenty minutes to present the views OF the
New York chamber of commerce. which
he represented
Mr.. Dausman. of Chicago. presented the
first proposition for the consideration of
TIE convention II provided for the appoint
ment of a committee of nine members. to
be appointed by the president of the United
States within thirty days. including one
member from the senate committee on
finance and from the house committee on
banking and currency.
The committee shall investigate the
financial subject, sitting in Washington,
and make report to congress of their con-
illusions by bill or otherwise.
The members. other than the senator and
representatives named, shall be paid for
their services by the government Three
shall be bankers. three merchants or man
ufacturers ana one a political economist,
representing the several geographical sec
lions of the country
The Committees Report.
Indianapolis January 1$-Ihe national
monetary convention, which has been in
session here two days, this afternoon
adopted a declaration of what legislation
in its opinion. is needed upon the subject
by practically unanimous vote. TINS de-
claratioa included demand for the main
tenance of the gold standard and the re-
tircment Of the demand obligations of the
government. AccompyinS this was propo-
sition for tho appointment Of a commission
to investigate and report by bill or other
WISE upon mo evils ana remeuleS % 'i0
currency system This was the unanimous
conclusion oI 'ne coiiii'i'',ee on 'o''9'
q result that W aus expected by the Delegates
and the recommendations of the committee
49,, ,,i1 49, a. .,t,,,,, cot. 90
~ "i''i M" - ''i' "'ii'
the convention. IHiS was not S'tuIeu' ho"-
ever without much opposition, and an eX-
cttaiucly animated debate with short con
troversies betve,n congressman Fowler OF
80 "o'" 0'ii 0o'i=,i '9ii,'i - %
New Jersey, and state Assemblyman
Roofs OF INDIANA ana Congressman Walk
err of Massachusetts,. and John ii. Rhoadcs,
New York.
rho oot,.,,,,to,, b,a +.l,., ,.o,oe.. +,,-i,,
~" '"N'i i'N'9' '"i~O
upon Ho'ico udt the committee was not
ready TO report. When it reasseInbied af-
tei. tbn second rac..ss .t ga = IA, "a 81
Hmm. ,l4t,,,,.,,, 49, H.. ,,,,,,iitt,.. ,,, r..
,,,,,i,,,,,. ,.-s,,,.I 49,, -, -. ~ -,
80 - -
lhit1ee ana c"hea upon "A. T. Ahs@ls' VI
Cincinnati, 10 read IL.
The report. Mr.. Hanna said. to the sur
PRISE OF the great bOuy OF delegates, was
me UNANIMOUS expression OF tine commit
tee. Tie ;.sAed Ike unanimous support
from the convention and moved the lGOp-
tlon OF me report. ire renort was as fol-
lows:
Gentlemen of the Monetary Conference
Your committee makes me tolIowIng report:
This conference declares tnat II has be-
come absolutely necessary that a consist
emit ACKNOWLEDGMENT and deliberately
Planned monetary system shall be inaug
should be:
- That the present gold standard should
be maintained.
- That steps should be taken to insure
the ultimate retirement of all classes of
United States notes by gradual and
steady process, 50 as 10 avoid injurious
contraction ol the currency or disturbance
OF the business interests of the tSbuntry.
and that in such retirement provision
should be made FOR Il separation OF the
revenue and note-Issuo departments OF
the treasury.
3. That a banking system be provided
which should furnish credit facilities 10
every portion of the country ana a safe
auo elastic circulation. and especially with
view 10 securing such a distribution OF
the loandDle capital sof the country as Will
teio 20 equdllze thet rates or interest IN all
psI5s lig-se'i;; + or ING purpose OF exec
Resolved, That fifteen members of this
conference be appointed by the CHAIRMAN
70 act ~ @h executive committee WINE
NtlS COM ehtloh rs hot IN session win IuIl
power OF TINS convention Inc executive
committee shaI nave the power To increase
~ illc'ii'-. sun 70 any HuhIlcr nor tAs
~ N ~ anu nv n.eili",I7 tiieIcot
Sli.'ii "t ~ lllllrS CONSTITUTE Il quorum OF
Se IN, ,"ii'ill4 'tce; ~
- IAol"'NS committees shdlt nave
spcS'1t CllAtse OF lle s"iicltalloh' receipt
'ihu ulSoNISeiIleAt OF cohlrlpuuJl ~ Noluh-
tafly made Ior All purposes; shtl nave
power 70 can TINS convention together
again when ana where II may seem best
10 sald committee TO DO SO. ana said COM
mltlee shal continue IN once with power
20 M Ntc'siltleS uiul uischdIbeu at Il future
IheStlhr o. TINS conventions
hesolNeu. AHil II sIldh ne the Guty OF
tHlS tNucutlNc comm l"e 70 tlldeaNor 10
procure at the spetial session OF congress-,
MhIch IL rs understood VII! De called IN
Aafth next, LEGISLATION calling Tor the APP
polHtiaeut OF monetary commission 10y
the president 70 consider the entire question
ana 10 report 10 congress at the earnest
H'E poSSible; or itlittS 10 secure tne ABOVE
leAlSlatloil; tueY are ncI'pE authorized ana
empowered 70 sclttt commission "I
eleven members ACCORDING 70 rules ana
ptHS ser loIth III the SulSeStlohS submit
ted 10 me convention by MI. Hanna, OF In
dianaDolls. as follows:
Article /. The committee SHAH consist OF
eleven members 70 be named by the eNecu-
tive committee appointd by this convention.
The executive committee shall have power
to ill vacancies in the commission as they
may occur.
Artlcie : me irSt meeting OF the com
MISSION sl3i pe held az q lllne ana place
q