The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-01-13
MEET TO TALK ABOUT MONEY.
(Contlnued from Flrst Page)

renort on permanent organization, the
state delegations selected vice presidents
and members of the committee on resolu-
tions. The latter were reported as fol-
lows
The latter were reported as folioWs.
Mlnnesota-W. b. Dean.
Ohio-M. e. ingalls,.
Tcnnessee-T. c. Powers.
Pennsylvania. c. Bullitt.
Iowa-Ed a. Temple.
Georgia--R. p Bullock.
Maine--C. T. Libby.
Iilinois-Franklin MacNeagh.
Mlssissippi-C. w. Robinson.
Massachusetts-H. l.. Higgins.
Rhode Island-Rasland Haggard.
Missouri-George e. Layton.
New Jersey-Benj amin Laycock.
Michigan-N. A. Fletcher.
Wisconsin-F. II. Ma deburg.
Alabama-H. c. Tompkins.
Arkansas-H. l.. Remler.
TeXas-M. l.. Offut.
District of Columbia-B. ii. Warner.
Maryland-J. NJ. Nelson.
Fentucky-Logan c. Murray.
Virginia-S. W. Traverse.
New York-W. +. Dodge.
Indiana-H. II. Hanna.
California--John I. Irish
Hon. j. II. Walker of Massachusetts,
chairman of the House committee on
banking anu currency III inc PANSNAN W.
gress, was invited to address the confer
ence, which he did.
At the end of Mr.. Walkers remarks the
convention took a recess until s o'clock.
The evening session was called to order
by Chairman Patterson at $40. NJ p. In
gals was recognized to move that the
committee on resolutions should be per-
mitted to retire and sit during the ses-
sion. 1t was so ordered.
I HarGon RhOalps was then recognize
ed and allowed twenty minutes to present
the views of the New York Chamber of
Commerce, which he represented. He sta
ted 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 all kinds, stable tariff, stable
government, and stable currency. He
said that prosperity can only be restored
by the establishment of a sound monetary
system. MIR. Rhoades was applauded
when he said that he could see no reason
why the government should not base all
it's issues upon the gold standard and re-
place all notes by coin certificates pro-
tected by a Is per cent. gold re-
serve. In closing Mr.. Rhoades de-
MED with much feeling the charge
that there is hostility in New York aud
other cities of the east toward the west.
Mr. Dausman of Chicago presented a
proposition for the consideration of tho
convention. 1t provided for the appoint-
ment of a committee of nine members to
be appointed by the President of the Unit
ed States within thirty days, including
one member from the Senate committee
on finance and from the House committee
on banking and currency. The commit
tee shall investigate the financial sub
ject, sitting in Washington, and make re-
port to congress of their conclusions by
hove 1, 90,
than the senator and representative nam
ed, shall be paid for their services by tho
government Three shall be bankers.
three merchants or manufacturers and
one a political economist representing the
several geographical sections of the coun-
try.
Some Indiana delegates, through f. +.
Claypool, presented a scheme prefaced by
review of banking experiences in the
United States, the reading of which occu-
pied all the time allotted to it's presenta-
ton, and il went to the committee on
resolutions without the scheme being dis
closed to the convention.
Mr. Chadwick of Brooklyn offered res
olution directing the committee on resolu-
tons to take into consideration the eXpe-
diency of incorporating into the national
bank system of the principal of Scottish
branch banks.
Mr.. Peat offered the resolution adopted
by the st. Paul Chamber of Commerce, ad-
vocating the maintenance of the gold
standard withdrawal of the government
from the banking business and the ex-
tension Of the national bank system by
the establishment of branches and the re-
duction OF the minimum capital stock re-
CURED OF such institutions to $25,OO0
George G.. Tanner of Indianapolis offered
a series of resolutions declaring in favor
of a refunding of the national debt, the
rtirement of greenbacks, more expansive
system Of national bank currency and the
imposition of severe penalties upon ma
tional bank directors for failure of duty
to be presented to congress by commit
tee of the convention.
ii. II. Hanna Of Indianapolis presented
a scheme for the appointment of a none
tary commission Of eleven members to be
named by this convention and to work at
the expense of the convention, In inves-
tigating the financial subject, their con-
illusions to be reported to an adjourned
meeting OF the convention with a view to
their representation to congress if legisla-
ton should be deemed desirable. The
reading OF this plan was greeted with ap-
plause
Eugene lowering of Baltimore. repre-
sentng a community noted for its con-
servative banking methods, as evidenced
he said, by the fact that Baltimore had
had no bank failures for the last sixty
years. presented a series OF resolutions
from that delegation, declaring that leg
islation was necessary for the mainte-
nance OF the gold standard, cancellation
Of United States legal tender notes, the