The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-01-14
-rc NATIONAL FINANCES.
ans CONVENTIONS MAKES
OlA y. RECOMMENDATIONS.


00D ,oois. Ind. Jan. 1S.-The national
l1aaN'' Invention which has been in
rs two days, this afternoon
Ts by practically unanimous vote
Ian of what legislation, in its
de'''- rsoded upon the subject. This
pfOD 49,, included a demand for the
Fa''1 Of the gold standard and
1' .orsnt of the demand oblige tions OF
.rr,ent. Accompanying this was
aes' ..,on for the appointment of a COM
- investigate and report by bill
q ri''' mise mon the evils and remedies
q Y~ currency system. This was the
O ~ ,s conclusion of the committee on
U', .,ons result that was expected by
,.,ogates. and the recommendations
h' .omrnittee were affirmed by the
.,nots vote of the convention. This
- secured, however, without much
.,t;on and an exceedingly animated
wY Nth short controversies between
-.ssman Fowler of New Jersey and
.ssemblyman Reed of Indiana, and
..ssman Walker of Massachusetts
,obn IT. Rhoades of New York.
~ NJ. feature of the morning session was
.osch BY Congressman Fowler, in
-, he on lined the cause of the prese-
financial ills and the remedy therefor.
IN If the time of the convention up to
~. ,resentation of the report of the COM
rs,.e m. resolutions was occupied in list
.,,g n speeches and recommendations
4 :. tsanres which those presenting them
.l.bad to have embodied in the declara-
s,rs Of the convention.
The convention had taken a recess twice
4 man notce that the committee was not
4 ,,odv ia report. When it reassembled,
.fsr the second recess, at 4;3O O'Clock,
III Hanna, chairman of the commit
40 IN resolutions, presented the report o.
Ne committee, and called upon M, p. In
gaus of Cincinnati to read 1t.
The report. MIR. Hanna said, to the sur
n-ise of the great body of delegates, was
he unanimous expression of the commits
ee He asked like unanimous support
ram the convention, and moved the
as follows:
gentlemen of the Monetary Conference:
your committee make the following re-
nort. This conference declares that it
has become absolutely necessary that a
consistent, straightforward and deliber-
stelv planned monetary system shall be
naugurated, the fundamental basis of
which should be:
"First-That the present gold standard
should be maintained.
"Second-'rhat steps should be taken to
insure the ultimate retirement of all
classes Of United States notes, by grad
ual and steady process, so as to avoid in
furious contraction of the currency or dis
turbance of the business interests of the
country. and that in such retirement, pro-
vision should be made for a separation of
the revenue and note issue departments of
the treasury
"Thrd-That a banking system be pro-
yided which should furnish credit facili-
ties 10 every portion of the country and a
safe and elastic circulation, and especially
with a view to securing such distribu-
ton Of the loanable capital of the country
as will tend to equalize the rates of in
terest in all parts thereof. For the pur-
poses Of effectively promoting the above
objects
Resolved, That fifteen members of this
conference be appointed by the chairman
to act as an executive committee while
this convention is not in session, with full
power Of this convention. The executive
committee shall have the power to in
crease its membership to any number not
exceeding forty-fve, and five members
thereof shall at all times constitute a
quorum of said committee.
The executive committee shall haVa
special charge of the solicitation, receipt
and disbursement of contributions volun-
lariy made for all purposes; shall have
power TO call this convention together
AGAIN when and where it may seem best
10 SAID committee to do So and said COM
nltlee shall continue in Office with power
20 fill vacancies until discharged at a
future meeting of this convention.
Resolved That it shall be the duty
OF this executive committee to endeavor
10 procure at the special session of con-
sgess, which it is understood will be call
ed IN March next, legislation calling for
me appointment of a monetary commits
sion by the President to consider the en-
lre question and to report to congress al
lhe earliest day possible, or failing to
secure TIE above legislation. they are
hefeoy authorized and empowered to Sc
'ect a commission of eleven members, ac-
tordIng to rules and plans set forth in the
suggestions submitted to the convention
oy Mr. Hanna of indianapolis, as follows
Article l. The commission shall consist
" eleVen members to be named by the
e@ecuuVe committee appointed by this
convention, The executive committee
email nave power to fill vacancies in the
commission as they may occur.
Allcle = The first meeting Of the com
MISSION shall be held at a time and place
W oe designated by the executive commit
'es OIL this convention, in a call to be is.
suel therefor, and at such meeting the
ooSnlinission shall organize by the election
~ sueh officers and the adoption of such
.1leS ana bylaws for its own government
az may be agreed to by a majority of the
4.snl oers' and thereafter il shall be gov.
1"ed by such rules and bylaws, subject
70 these articles.
a. article 3. All rules and bylaws o.
ss 7 commission and all its proceeding,
r niu oe directed towards the accomplish
'e.l OF me objects of its creation, which
~ " make a thorough investigation o
oa Wv, onetary affairs and needs of thii
gg".lE IN all its relations and aspects
10 90 make appropriate suggestions al
any evils found to exist and the rene
u .neretor, and no limit is placed upoi
cope Of such inquiry or tn,
.,ef OF conducting the same
H. P'.uS only that the expense
Ieol snail not exceed the sums Sc
ro,l Tor such purposes by the executiv
u,i lele !. The executive committee q
,oi,... Invention shall use so much of In
9''l'lly contributions made to A. as ma