The record-union., 1897-01-13

INDIANAPOLIS, Jan. 12.-The Ma
tional Monetary Conference called at
the suggestions the Indianapolis Board
Of Trade, and composed Of representa-
dives of similar organizations from all
parts of the country, assembled in
Tomlfnson Hal this AFTERNOON. The
arrangement of the hall was similar
to that of the Gold Convention held in
the same place last September. The
decorations Were much more moderate,
however, consisting of the national COL
ors draped over the platform.
There was Q sprinkling Of spectators
in the galleries and the hour preceding
the beginning Of business was enlivened
by music.
The convention was called to order
at 2:35 o'clock by Hugh H. Hanna,
Chairman of the Executive Commit
tee, under whose mana cement the ar
Engagements for the conference We're
made, and who originated the move
ment eliminating in the conference to-
day.
He introduced Rev. L. NJ. Haynes,
pastor of the First Presbyterian
Church, who opened the proceedings
with prayer. He asked that the result
of the conference might be even great
er and more far reaching than ne pro-
jectors even dared to hope for. and that
the country might be prosperous in the
future as it never had been in the past.
In the name of the Executive Com
mittee, Mr.. Hanna extended a cordial
Welcome to the delegates. They UNI
derstood and appreciated the sacrifice
made by business men in coming to
the conference at this period of the
year.
J. w. Smith, Secretary Of the Indian
apolis Board Of Trade. read the call
under which the convention assembled.
The emphatic terms Of the call declar-
ing it to be the sentiments of the bust
ness men of the country that they
should take part in shaping the finan-
cial legislation of the country, and that
they would never agree to any PROPOSE
ton which would degrade the pres
ent standard of values, We're received
with applause.
Mr.. Hanna presented the report of
the Executive Committee Pursuant TO
the resolutions of instructions adopted
at a preliminary conference on De-
cember 1st, it said, the committee had
sent out invitations to the Boards of
Trade, commercial clubs and such like
organizations of all the cities Of the
United States Of a population of 5000
or over, requesting these to send dele
gates to this convention. There are
assembled here 300 delegates, repre-
senting business organizations of cities
III nearly every State in the Union.
rnaaC,1,r,7 for III
temporary organization a Committee
on Credentials, on Permanent Organi-
cation, on Rules and Order of Bust
ness. each consisting of fifteen mem
bers; that all resolutions concerning
the currency and banking systems and
mode of procedure shall be referred
without debate to the Committee on
Resolutions. to be appointed by the
Permanent Chairman: that each dele
gate present shall be entitled to one
vote.
For Temporary Chairman the Execu-
tive Committee recommended r. o.
Stannard Of St Louis; for Temporary
Secretary. Jacob w. Smith of Indian
apolis. and for Sergeant at-Arms, W.
+. c. Colt Of indianapolis.
The report was adopted without OPP
position. and Mr.. Hanna appointed w.
e Dodge Of New York and NJ. i.
Crawford of Texas committee to es-
cort Governor Stannard to the plat
form.
Governor STANDARDS recommended
items that the greenbacks should be re-
tired that national banks should be
permftted to issue notes up TO the par
value of bonds deposited to secure their
ravment, and that paper notes of -
and SO should be circulated in the in
1erest of a more general use of silver
received the approval Of the delegates.
The committees provided for in the
report of the Executive Committee
were then appointed.
The committee Immediately retired
for business and while they We're gone
ex-Secrerary Fairchild of New York
was Introduced and addressed the con-
vention.
John p. Irish Of California followed.
Mr.. Irish said: "Admonished by ex-
perience. past and current, for the first
time in the history Of this Nation the
business men Of the republic have met
to-day to take up arms against sea
of troubles and opposing, end them.
Let no man minimize either the perils
or the difficulties Of the situation Hope
is no longer a force that can sustain
the business interests OF this republic
Your duty, my friends, is the sug-
Eestion TO the law making power of
this republic, this republic which viii
not be long a nation worthy of the 10y
atty of ;ts citizens. which viii not much
longer enjoy under its laws that pros
perity and happiness which are the
birthright of man unless these condi-
tions are changed. Ii is your business
to suggest to the lawmakers the
Strengthening out Of the angularities OF
our financial system, to put simplicity
In the place Of complexity-to conform
that system to the natural laws Of
finance.
Il believe as the ex-Secretary Of the
Treasury, wise in finance and profound
and thorough in his experience. l be-
lieye as he said, that the men who
transact the business Of the country,