New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-01-13

nah. Ga: Syracuse. ~ Y; Troy, y. Y; Utica.
~ Y: vicksburg. Miss: Washington. D. c.:
Wikesharre Penn: Worcester Mass: yonkers.
~ Y: Yankton. s. D.. and GAINESVILLE q.
The Committee on Rules and Order Of Bust
which was the provision for restricting debate.
making the extreme limit for speeches one half
hour. and combining most of them to FIVE and
ten minutes each. II was adopted
The Committee Permanent Organization
recommended the name Of c. Stuart Patter-
son. dean Of the University ~ Pennsylvania. for
represented. Evans Woolen Of indianapolis
named for permanent secretary. and
w. F c. Colt serseant-at-arms. II was also
recommended that the other committees named
be continued. and that Committee Resolu-
tons Of one from each State be appointed:
adopted.
PERMANENT CHAIRMAN'S ADDRESS.
Mr. Patterson was escorted to the platform
and addressed the convention as follows:
Gentlemen Of the Convention: I thank YOU for
the honor do me in inviting mo 10 preside over
presence here proves your acceptance of the true
definition Of that term Here to-day are representa-,
tlVcs or agriculture. or mining. or Manufactures OF
trade. OF commerce. of transportation and OF the
aggregation OF capital which is constituted OF
the earnings of labor and the savings or thrift
We may be partisans as to all questions that can
properly be determined solely upon party consdera-
tons. but also. above all An erican citizens
AS American citizens, proud of our countrys past
and hopeful OF Its future. we meet TO-DAY 70 TAX
counsel together as TO such questions OF public IN
ferest relate to the currency of the country.
which ought be decided upon grounds that are
broader than those Of mere party spirit Meeting
citizens to consider subject OF common interest
together in the Middle West. which is to-day
tho seat Of empire. in the great state OF Indiana
where last autumn the victory was won for the
honor OF the Nation. and in this typical American
city Of Indianapolis
brought before with pride of opinion but In
the spirit OF that old maxim which tells us that
things doubtful liberty and in all things. charity.
But let us refuse to recommend any compromise of
10 accomplish their desired end, because OF their IN
herent inability TO DESTROY the irritating cause. and
conditions and circumstances.
This country is empire in It's extent Of terri
magnitude Of its material interests There are
densey populated areas OF territory and there are
mer there is an adeduate and perhaps IN some
extent, not only are means Of accommodation pro
supplied those credit substitutes for money IN tho
shape of checks and drafts which increase the vol
ume II currency al the time such an increase
needed by the people Where these banking facil:-
high rates OF interest prevail ard the demand for
currency in general exceeds the supply. We there
fore need for domestic purposes currency OF sta
bic value and OF full purchasing power, which shall
shall flow into the channels OF trade when and as
NEED OF A STABLE CURRENCY.
This country has extensive commercial relations
OF the Wes, and South demands that the surplus
capital OF the world should he brought here fos
remunerative investment 1t is in no sense incon-
ton Of the home MARK that we look forward 20
the growth and increase OF our foreign commerce.
so that our agricultural. mining and manufactur-
ing products shall find that larger market which
viii give to American industry greater returns.
currency which shall be = full value IN the mar
kets OF the world
We may differ A. 10 questions o. protection or o!
revenue reform, but We can agree mat the GOV
eminent must have a revenue adequate 10 is
necessary expenditures, ana with surplus SUN, ,
cient provide for possible contingencies We
ton. that taxation should D" 30 imposed as 10 lay
its burdens upon me pe02e in ne manner MAJ can
ing standard OF value snail ." msinidined We
can agree that betdliisn Is desirable, II 10 could
tically effective. We can agree mat tnerr oISnr
10 be enlarged and increased Use OF silver coins
70 long az the Government demand notes are out
standing provision should he made by law for tee
ally pledged for the redemption OF these notes
We can agree a. to the faci ma whie IN some
bal ks have lost by unskilful or unfaithful man
sgement vet no holder Of a National bank note
has ever had occasion inquire whaf bank issued
Of the note W. can also agree thai the National
banking system should be amended as to pro-
vide some method for the more general extension
And chieAy agree that the adequate so
luton Of the currency question in Ihs nereSr OF
importance. and should be subject Of de-
liberare and detailed nsderaton than this con,
venton a. present session can extend 70 IL, and
NAV properly be referred 10 such methods Of in
vestiga'ion as you in your wisdom may decide
pom all these questions II IS for you 70 defer
mine the action OF the convention.
tuition OF the United states was about 10 assemble
Washington said IT. 20 please the people. We
q I'd 10 which the wise and honest can repair. The
pressive Of the highest SiaiesnlahShip ana lns
fruesr patriotism control our action. Let rs raise
n standard 10 which the wise and honest OF All
in his country the people are sovereigns. No;
y ff1ls,on OF intelligence or higher average Of
moral character. The people must. as the tribunal
great country ought 20 be. and. Therefore. ~ha
the currency Of this country shall he. me "a,
war l. has overcome tho disintegrating influences
OF the expansion Of territory and o. me CROWN OF
iemp, TO lower tho standard OF value Let us have
confidence in the people ana fSltn enouen IN or
he past the people will rightly determine the
questions which shall be submitted to them.
ORGANIZATIONS COMPLETED
In accordance with the provisions 81 tho
port on permanent organization. tho State dele
cations selected vice presidents AMI members
IF the Committee on Resolutions. The latter
were reported AS follows.
Minnesota. W r Dean. ohio. f. ingalls,.
Tennessee. ! G. McReynolds. Connecticut. Joel
4 Sperrv: Montana. T G. Powers. Pennsvi-
vania. ] G. Rullitt. Iowa. \. Temple.
Georgia. r F. Bullock Maine. &. F. Libby. III
nois Franklin MacNaagh Mississippi {. W.
robinson. Massachusetts. II. l. Higgins Rhode
Island Rowland Hazard Missouri. George T.
avian. Nev-Jersev BENJAMIN LaNcock. Michi-
gan y 4 Fletcher. Wisconsin. : II. MAGGIE
bury. Alabama n e. Tompkins; Arkansas.
II T. Renller. Texas. VI. L Offui. District OF
columbia y II Warne, Mary Wand J. VI Nell
son. Kentucky Logan e Murray. Virginia,
( X Traverse. New-Yo-k. W +. Dodge. indi-
ana II. n Hanna. and California 'onn :
Irish
CHAIRNAN WALKER SPEAKS
T n Walker Of Massachusetts,. chairman NJ
TN. House C0mmiitc" on Banking ana our