The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-01-12
The Great indianapolis Monetary
Conference to Open This After
noon at TOmlinson Hall.
QUESTION OF A COMMISSION
CHAIRMAN WALKER, OF HOUSE
BANKING COMMITTEE, OPPOSES 1T.
FavOrs More Drastic Action-C. Stuart
Patterson, of Pennsylvania, Will
Probably Be Permanent Chairman.

Delegates to the monetary convention,
which meets this afternoon at Tomlinson
Hail. are arriving in large numbers and
there is every indication that the executive
committees estimate of 400 out-of-town
delegates will be fully realized by noon
to-day.
Nearly every train that pulled into the
Union Station brought brains and sagacity
from all corners of the United States. all to
be gathered together in Indianapolis in an
attempt TO solve the financial question A
share of the delegates has registered at
almost every hotel in the city, but the
place where the largest number of them
can be found is at the executive committee
rooms at the Denison. Here the delegates
are expected to come soon as convenient
after reaching the city, TO get acquainted
with their local confreres and to receive
credentials. A large register is kept at the
headquarters in which the visitors are ex-
pected to put their names. Nearly a hun
dred of them registered yesterday and last
night and this morning will bring still
greater influx.
To anyone glancing down the register a
noticeable fact is the absence of delegates
from the West. The Eastern States and
South only fairly so, but from the huge and
sparsely populated States of the far West,
where free silver is regarded as the pana-
cea for all evils. the delegates are conspicu-
Gus only by their absence. John p Irish
represents the State of California and is, of
course, an entire delegation in himself.
There is one lone representative of the COM
monwealth of Texas, but from all the
broken silence. Some few are yet expected
from the West, but if they all come the
East and middle West will have an over
whelming majority on count of noses.
PROMINENT MEN HERE.
Among the prominent men who arrived
yesterday are: Franklin Edison, of New
York; George Foster Peabody, of New
York; Henry Willard, of the Pacific Rail-
way,and Prof F. w. Taussig, of Harv-
ard University. Others who registered dur
ing the day are:
George Ford, South Bend. Ind; Frederick
a. Miller, South Bend. Ind; w. Stearns,
Selma, Ind. l.. II. Kerrck and c. +. Soper
e. a. HITCHCOCK. Thomas IL West ii'or' Ia e.
Hoorstick. all of st. Louis; L. G. w. Alcott,
Utica. n. Y; c.. w. Baird, Detroit; j. S.
W. Cowles, Cleveland; Edward Temple, Des
Moines; Charles l.. Adams. Lowell, Mass;
f. w Taussig, Cambridge, Mass; A. =.
Gardner, Hamilton Mass; a. Sloan Brown,
Worcester. Mass; III. l.. Higginson, Bos-
T. M. Osborne, Auburn. n. Y; j. w. e.
Mcintosh Auburn, n. Y; Otto A. Meyer.
York; Franklin Edison. New York; Robert
j. Lowry, Atlanta; Ex-Governor Rufus B.
Bullock. Georgia; Jacob Haas, Georgia;
William H. Anderson Grand Rapids: H. r
Donnan. Chicago Charles Lathrop Pack,
Cleveland William H. Ross, Macon, Ca:
William McEwan, Johnston, Ga; Irwin B.
son, Louisville; w; E. Dodge, New, York;
r. E. James. Easton, Pa: John F.
Guinness Easton, Pa; Edward Watson.
vincennes, Ind. George b. Cardwill, New
F. w. Madgeburg. Milwaukee. Wis: p.
owen, Utica. n; Y; ]. w Linck, Madison.
Smalley, ST Paul; William S. seeley Henry
Atwater. NJ. B. Beardsley and +. n. Ben
ham. all of Bridgeport. Conn; William
Daggett. Ottumwa, la; S. II. Harper. OF
tumwa, Ia: Alexander Mcdonald j. w.
Warrington j. +. Mooney, j. G.. Schmid-
lapp. all of Cincinnati; b. II. Warner,
New York; William Dickinson. Chicago; p.
b. Miles, A. G.. Tying. jr.. Samuel Woolen,
tr.. all of Peoria, H.; Henry Hautz. New
York: Augustus Healy. New York; Cyrus
ID. Roys, Elkhart. Ind: A. r. Beardsley,
Elkhart Ind; NJ. f. Ingalls,, Cincinnati. o.;
s. +. Sheerin. Logansport, Ind; Herman
cinnati. o.: c. H; Focoler; Elizabeth, n. J.;
j. l.. Rhoades, New York Isador Straus.
New York; j. w. Warrington, Cincinnati;
]. j. Harrington; Richmond; Ind; F: V.
Smalley. St. Paul; John p. Irish. Califor-
MIA: H. +. Dousman. Chicago: S. ID. Schud-
ler. San Antonio. Tex; J. F., Mcknight,
Ill; J. II. Walker, Worcester Mass. ID. 3.
Smith. Toledo o.; o. o. Tolerton, W. w.
Beck, H. A., A. Janets; James Jan 7. ITO Toy Sioux st
terson, Piqua, o.: III. y Tompkins, 7. l..
Jones. NJ. p. Legrand, Montgomery, Ala;
C. W. Bell. Hillsboro. o.
Prof F. W. Taussig, of Harvard Univer-
sity. is one of the authorities of the coun-
try on financial and economic subjects. His
presence at the convention means a good
deal to those interested in the movement.
and his powers of thought and deep knowl
edge of the subject will be of inestimable
value in the deliberations of the conven-
tion. Last night Professor Taussig ex-
pressed some of his ideas on the work of
the convention to Journal reporter. Said
he:
so far as 1 can judge, the desire for a
monetary convention is that some move
shall be made at once toward consistent
and straightforward position the none
tary question. The country has been COM
promised for the last twenty-five years
compromised both with the greenback
forces and with the free-silver forces. The
result has been that We have now no sys-
up of all sorts of heterogeneous elements.
The recent election has cleared the air
ana mas put an END To compromise with
the silver forces. II is true that very few
would propose to take any steps toward
getting rid of the silver that we now have.
but at ali events we will not have any
more. Even with the silver left untouched
there remain the greenbacks and treasury
notes which the treasury Is pledged TO
redeem in gold and for which il Vet has
no well-defined redemption fund. 1t is
time TO make up our mind Just how and
I'm what resources We shall maintain the
redemption of this government paper
Most advocates of sound money would wish
10 see the government paper got rid of;
this must be done by some gradual steps
Side by side with their gradual retireme: L
a sound and elastic system OF bank-note
issue shoSld be provided. by which good
notes redeemed by the banks under strin-
gent legislation should take the place of
the government issues.
These are some OF the questions that
will come before the convention. / do not
suppose the convention will wish to commit
itself to any details for carrying out this
or any other plan. II Is desirable mainly
10 mark the beginning of some steady and
consistent policy. The response of the
business community TO the call OF the con-
Vention has been surprisingly cordial and
unanimous, and the policy on all hands is
that an endeavor should be made to have
the reform and remodeling of the currency
take place solely with reference to the
needs of the country without regard TO any
political ADVANTAGE or partisan feeling"
CONVENTION PROGRAMME