The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1897-01-16


Wednesday afternoon adopted declar-
alton of what legislation in it's opinion
is needed upon the subject by prac-
t.cally unanimous vote. This declara-
ton included demand for the main
tenance OF the gold standard aud
the retirement OF the demand obliga-
tons OF the government. Accompany
ing this was a proposition for the APP
pointment Of commission to investi-
gate and report by bill or otherwise
upon the evils aud remedies OF the cur
rency system. This was the unanimous
conclusion OF the committee on resolu-
tons. and the recommendation OF the
committee were affirmed by the sub
stantially unanimous vote of the con-
vention. This was not secured. how
ever. without much opposition. md an
exceedingly animated debate. with
short controversies between Congress-
man Fowler, of New Jersey. and State
Assemblyman Roots. of Indiana. and
Congressman Walker. of Massachusetts,
and John Harsen Rhoades. of New
York.
The conference reassembled at 4;30
p. m. NJ. +. Ingalls,. OF Cincinnati. read
the report of the committee on resolu-
tions. IL follows;
This conference declares that II has be-
tent straightforward and deliberately
planned monetary system shall be inaugu-
rated. the fundamental basis OF which
should be:
''First-That the present gold standard
should be maintained
"Second--That steps should be taken 10 I'm
sure the ultimate retirement or all classes ~
United states notes by a gradual and steady
process. and 80 as 10 avoid Injurious con-
traction OF the currency or disturbance OF
the business Interests of the country. and
that such retirement provision should ba
made for separation OF the revenue and
note issue departments OF the treasury.
'Third-That banking system be pro-
Nided which should furnish credit facilities
TO every portion OF the country. and a safe
and elastic circulation. and especially with
a view OF securing such a distribution OF
The lonnable capital OF the country as will
tend to equalize the rates OF interest In all
parts thereof. For the purpose OF effec-
lively promoting the above objects.
Resolved. That Is members OF this con-
ference be appointed by the chairman TO
act as an executive committee while this
convention is not In session. with full pow
ers OF this convention. The executive COM
piittee shall have the power 10 increase it's
membership TO any number not exceeding
a. and five members thereof shall at all
times constitute quorum OF said commit
tee.
Tho executive committee shall have
special charge OF tho solicitation, receipt
all, disbursement Of contributions volun-
t5rily made for all purposes shall have the
POWER TO call this convention together again
when and where II may seem best TO said
committee TO do so. and said committee
shall continue In office, with power TO fill
vacancies. unit. discharged at a future
meeting, OF this convention.
Resolved. Thatit shall be the duty OF this
executive committee TO endeavor TO pro-
Ccre at the special session OF congress
which II IL understood will be called In
March next. legislation calling for the APP
continent or monetary commission by
The president TO consider the entire qucs
ton. and TO report TO congress al the ear
Hest day possible, or failing to secure the
above legislation. they are hereby author
ICED and empowered TO select u commission
ci all members. according TO rules and
plans set forth In the suggestions submit
ted TO the convention by Mr.. Hanna, or
Indianapolis. rs follows:
Article l. The commission shall consist
Of II members. 10 be named by the execu-
live committee appointed by ills conven-
ton. The executive committee shall have
rover TO M vacancies In the commission
AS they may occur.
Article 2 The first meeting CT the COM
mission shall be held at a time and place
TO be designed by the executive committee
OF this convention In call to be issued
therefor. and at such meeting the COM
mission shall organize V the election or
Euc.. officers and the adoption OF sucn
rules and bylaws for It's own government
may be agreed by n majority OF its
members: and thereafter n shall be gov
ofned by such rules and bylaws subject
To these articles.
Article g. All rules and bylaws OF the
commission and all it's proceedings shall
be directed towards the accomplishment
OF the objects OF its creation. which il to
make a thorough Investigation OF the
monetary affairs and needs OF this country,
and all relations and aspects. and TO make
appropriate suggestions nv TO any evils
found TO exist and the remedies therefor.
ind no limit Is placed upon the scope Of
such inquiry or the manner OF conducting
the same. excepting only that the expenses
thereof shall not exceed the sums set
apart for such purposes by the executive
committee
Article T. The executive committee OF
this committee shall use so much OF the
voluntary contributions made 20 II as may
he available for that purpose. TO defrny
al necessary expenses OF the commission.
and shall notify the commission from time
To time OF the amount 80 available, In
order that II may regulate It's expenditures
accordingly. and no liability shall attach
to such committee or to this convention be-
yond the amount so notified.
Article s. When the iabors OF this com
mission have been completed as far as
practicable. the executive committee, II II
deems II advisable. shall issue call TO
bring this convention together again, at a
time and place designated In such call;
and at the meeting 20 convened the COM
mittee shall make report OF It's doinRs and
suggestions In such manner and form as 4
Fhall deem best adapted 10 present the
same 10 this convention and TO its members
for action and " legislation r. deemed adj
visable. shall accompany such report with
draft OF such bill or bills providing FOR
such legislation.
Resolved. That all resolutions and COM
munications as TO methods OF currency re-
form which have been presented TO this
convention be referred 10 such commission
when formed"
The first sentence read by Mr.. In
gals caused great cheering.
A vote was taken and the report and
resolutions were almost unanimously
adopted.
The convention. after votes OF thanks