The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-09-17
LIST HAS BEEN FILLED.
Chairman Hanna HAS Completed the
Monetary Commission.
GOLD STANDARD TO BE DISCUSSED.
Personnel Of Those VINO Composs
the orwanssation-rh- Plan Undcr
Which they WIN work.


IL. Hanna. chairman OF the monetary cx-
ccutive committee. today announced the
completion OF the commission. acceptanccs
having been received from Louis A. Gar
nett Of San Francisco and Professor j. l..
Laughlin OF Chicago. Professor Laughlin
Is enc OF the hes, known political econo-
mls,s OF the country aad during tho past
few years his writing upon financial ques-
tions have attracted world wide atten-
tioa lie WAS for a number OF years pres
ident of the Manufacturers Insurance COM
paay OF Philadelphia, and there made Q
record us a careful, conservative and suc-
cessful business man. He left this posi-
ton TO take the chair OF political ccoaorny
In the Chicago university some years ago
and has since been engaged IN that work.
Mr.. Garnett is regarded rs tho most
eminent authority on the Pacific coast In
matters OF finance and currency. He or
ganized the service of the San Francisco
mint and spent many years In It. At the
close OF this service he spent como years
abroad In travel and study of financial
economic questions, Ne has made some
valuable contributions ~ the literature o!
finance aud is much consulted 10y the large
business interests of the Pacific slope.
Neither MIR. Garrett nor Professor Laugh
lin arc men OF wealth and In con3entIng TO
serve upon the commission none Of whose
members are compensated they mako a
considerable personal sacrifice.
The commission as completed by these
Appointments is composed as follows: Ex-
Senator George II. Edmunds OF Vermont,
Charles $. Fairchild, New York. ox-sec-
ts.stu q - t1,t,
son. Philadelphia. who was president OF
the monetary convention last January; j.
w. Fries OF Salem, n. c.. at the head
OF the great cotton industry that bears his
name: T, q. Bush, Anniston Ala, prcsl-
dent OF the Mobile and Birmingham road
aud largely Interested in tho iron indus
tries OF Alabama. George u. Leighton OF
St Louis. retired manufacturer: w, u.
Dean, ST. Paul, Wholesale hardware mor-
chant: II. s. Taylor, Fort Wayne lawyer;
Louis A. Garnet. San Francisco; Profess
sor j l.. Laughlln, Chicago, aud Stuyvos-
ant Fish. New York, president OF the llii-
nois Central railway
While no attention was paid to the poll
teal leaDings Of the men chosen, 1t con-
bains ak republicans and Ave democrats.
There was however. much care given to
geographical representation and the dis
tribution OF the commission in different
lines of business senator Edmunds was
taken as representative of the country at
large and OF the members OF the commits
sion thrco are from tho East, three from
the South. one from tho Pacific coast.
one from the Northwest. one from the
Southwest aud two from the Central West.
The commission has been called 20 meet
at the Arlington hotel In Washington on
| September 80 A call has beon Issued for
| the executive committee to meet az the
same time and place. and 1t Is expected
| to begin tho work for which the commits
| sion WAS appointed AT once II VIII make
| thorough investigation OF the currency
| question IN all It's phases. The executive
committee Will bring before It. experts and
historic and statistical data gathered from
all parts OF the world. as well as n great
many popular suggestions that have been
rocriyod from individuals aud organizations
throughout the country. II Is the desire
OF the commission end Of She executive
committee that tho people generally should
contribute Whatever Views or suggestions
they have on the subject. and all such
matter mailed 10 the monetary commlsson
at Washington viii be given careful consid-
Grafton The monetary convention out OF
which the commission grew laid down two
points OF sound finance and upon this
platform the reports to congress VIII be
based. The principles contained In this
declaration were that the present gold
standard should be maintained. that steps
should bo taken TO insure the ultimate re-
tircmont OF all classes OF United States
notes by gradual and steady process. no
rs TO avoid Injurious contraction OF the
currency or disturbance OF the business In
this country. and that until such retire
mcnt provision should be made for n sep
aratlon OF the revenue and note Issue de-
partmcnis OF the treasury; and that n
banking system be provided which should
furnish credit facilities TO every portion OF
the country and safe and elastic circu-
iaiion, especially with q view OF securing
such distribution OF the loanablc capital
| q the country as will tend TO c1iaiiae tho
| rntes Of interest IN all parts thereof II Ia
| probable that Senator EdmuDds VIII be
| chosen to preside over tho commission.