The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-11-10
BIMETALLISM IS DEAD
THERE is NO HOPE OF SECURING AN
INTERNATIONAL AGREEMENT.
Such Is the Decla ratiO of the Execu-
tive Committee of the National
SOund-Money LeaGue.
SILVER A DREAM OF THE PAST
UNITED STATES MUST PLANT ITSELF
ON THE GOLD STANDARD,
The Address Says, If 1t Wishes to
Make Prosperity Permancnt-$5OO
Voted the Indianapolis League.

NEW YORK Nov 9.-The semi-annual
meeting of the executive committee of the
National Sound-money League was begun
here to-day There were present: President
George E. Leighton, of ST. Louis; General
Secretary E. V. Smalley Henry Willard,
Gustave Schwab, J. Kennedy Tod, H. p.
Robinson. Edwin Burrit Smith, ]. X.
Cowen, NJ. E. ingalls,, J. w. Norwood, w.
c.. Cornwall and Treasurer A. b. Hepburn.
General Secretary Smalley, in his report
of the work of the league, said that there
was lodged to its credit in bank of Chi
cago a balance of 81 coo over and above all
expenditures. Treasurer Hepburn reported
that the total amount in bank up to the
present to the credit Of the league was
SIC, 1863 A donation $50 the Indianapolis
Monetary League was ted without dis
sent.
General Secretary Sraalley read commu-
nication received from H. c. George, vice
president for Oregon, who wrote that he
was with the league in all the great ques-
tions relating to the currency, and realizes
the necessity for aggressive work. AS to
the State, in many places the league would
find it honeycombed with financial ignor-
ance and error. On motion of Mr.. ingalls,
of Cincinnati, it was voted to appropriate
81, 900 to aid Mr.. George in Oregon.
j. Sterling Morton. vice president of the
league for Nebraska, wrote: MIR. Bryan
and his disciples are actively engaged in
the propagation of money fallacies. They
have united in one conglomerate all the
fanatics, bigots and idiots in this State for
the purpose of upholding the free coinage
of silver at a ratio of is to l. 1t is very
painful to observe that this. aggregation
aIy.. sApffx of
the coming election for candidates who rep
resent all that is inimical and disastrous
to agriculture, and, in fact to sound gov
ernment everywhere"
James l.. Blair, of st. Louis, wrote: ION
the whole 1 cannot say that l feel encour-
aged over the situation in Missouri. l fully
recognize that the strength of the silver
Democracy in this State is wholly due to
lack of education on that subject, and 1 see
no means at hand whereby they can be
sufficiently informed before the next cleo
tion to materially reduce their numbers"
William G. Cornwell, of Buffalo, reported
that as far as he could ascertain both in the
eastern and western parts of the State the
fl ee silver sentiment was actually dying
out.
Louis r. Enrich, of Colorado Springs, re-
ported that nothing but better times can
bring about change in the free-silver SEN
tinent in Colorado. The only thing to
affect the West" he said lis better times
and would now suggest that the league
come out boldly and ask the President of
the United States TO proclaim the gold
standard as the money basis of the coun-
try.
President Leighton thought it highly in
expedient for the league TO commit itself
on this point at the present titme.
NJ. T. Ingalls,, Of Cincinnati, said: THE
result of the recent campaign shows con-
clusively that the South will again drift
back to the Democracy and free silver" :"
Continuing, he said that the great danger
now is in a tendency TO drift into a new
banking business law, which to the coun-
try will be fraught with danger"
On motion of II. +. Robinson of Chi
cago. il was resolved that a committee be
be appointed TO receive and consider the re-
port of the monetary commission when il is
made, and To call a meeting of the eXecu-
tive committe If it is considered necessary
that action be taken thereon.
A committee, comprising Louis r. Ehrich
Mr.. Leighton. Secretary Smalley, Gustave
III. Schwab and William c. Cornwell was
appointed to prepare declaration on inter-
national bimetallism to the effect that BIZ
metallism is dead and that gold should be
the standard of the country. recess was
then taken.
Before reassembing the members of the
committee stated that President Mckinley