Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1897-01-14
MONETARY REFORM.
The Conference of Business Inter-
ests Meets at Indianapolis.
PLAN FOR A NATIONAL COMMISSION.
Gen. Jacob s. Coxey and Friends Confer vt
1t. Louis About Forming New
Party-Pith Of the Re ,0lu-
lions Introduced.

| ith " VS." W. 'oA~
lions introduced.
INDIANAPOLIS. Ind, Jan. 10. Chair
man HUH Hanna. OF the executive
committee OF the monetary conference
called that body TO order at Tomlin'
son hall yesterday afternoon. At the
time there were seate in the audi
torium over 800 de egates who repre-
sented business interests that run nc
in value into the hundreds OF millions
Mr. Hanna delivered brief welcom'
ing address and Temporary Chairman
Jacob w. smith read the call sent out
by the executive committee. Next
came the recommendation of the com.
mittee for the temporary orlaniza-
ton naming E O. Stannard. OF St
Louis, as temporary chairman; Jacob
W. Smith. Of Indianapolis, as tempo
rarv secretary, and ". +. c. Colt, OF
indianapolis. as sergeant-at-arms In
taking the chair, Mr.. Stannard said in
part:
Confidence Is the foundation on which busl-
ness and all affairs Of material interests are
built, There should be enough money to do The
business Of the country. and there should be no
doubt about It's character and no sh skiing OF
confidence to take it out and keep it out Of cir
oul no - tho TTuitad Stntpg mt
only should have confidence In our financial
methods, but all the nations OF the earth
with whom we have commercial relations
should have assurance Of tbs stability Of our
financial affairs, so that they may know on
what basis they are working The present
financial methods Of the government are large
ly those adopted during the war when there
were great emergencies There ore many sug-
pestiOns OF reform One Is TO Withdraw all
paper money under the denomination Of sl),
thereby forcing larger volume Of silver AMI
gold to circulate in the hands OF the people.
and believe this Is well worthy Of favorable
consideration.
The different committees were then
appointed and soon after the commit
tee on permanent organization report
ed, recommending C. Stuart Patterson,
Of Pennsylvania, for permanent chair.
man and Evans Wooden, Of Indianap.
oils, for permanent secretary. 1t also
recommended that vice presidents be
chosen, one from each state.
A food Of propositions for the reform
Of the currency was submitted and re-
ferred to the committee on resolutions.
A good deal Of importance attached to
plan reported by Chairman Hanna,
Of the national monetary commission.
1t provides for the creation OF com.
mission to be called the monetary
commission" TO consist Of II members,
these to be appointed by the confer.
ence The commission is to make a
thorough investigation as to the fnan-
cial needs, overhauling the entire cur
rency system, and when It's delibera.
tions are through IT is empowered to
call the conference together to hear
Its report. The conference IS then to
decide on the kind OF bill to intro.
duce in congress-
UNITED STATES PARTY"
ST. Louis, Jan. 13.-tien. Jacob s.
Coxey yesterday afternoon called to
order the conference OF reformers who
met pursuant to call issued by the
"commonweal" leader for the purpose
Of forming new organization to take
the place Of the peoples party which
he declares is dead. There were 20
middle -of-the-roaders present, most of
them being local lights. A resolution
was presented declaring the action of
the peoples party leaders in the
recent national campaign, in making
the party merely tail to the silver
democratic kite, has resulted in so
crippling its good name as practically
to kill its future usefulness as a reform
party. The resolutions say that the
new party shall be known as the
United States party;" that the initia-
tive and referendum shall be the party
procedure through the American
'trionomic' ballot system; and adds
that the national provisional organiza.
ton committee he instructed proceed
to organize clubs throughout the
United States, these clubs to send del
gates to national convention to be
held in Nashville. Tenn, July 4. 1897,
TO outline a policy of campaign for
ls9s and 1000, based on non-interest
bond plan as means Of providing suf-
ficent legal tender money 10 do the
business Of the United States,