The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-01-12
DAILY, $40 A YEAR. !
5 CENTS A COPY.
WEEKLY 2-TIMES-A EEK 81 A YEAR ,
STRUGGLE FOR SOUND MONEY.
INDIANAPOLIS CONVENTION TO
OPEN THIS NOON.

Nearly Half of the Delegates Al
ready on the Ground Last Night.
The Convention to BE In Session
Two or Three Days-Ex-Secretary
OF the Treasury FnirchiId and
Congressman walker Among
Those Who VIII Deliver Addresses
Indianapolis, Ind, Jan. 1.-THE dele
gates to the monetary convention are
rapidly arriving in the city to-day. Among
the first to put in an appearance was j.
Foster Peabody of New York.
Among the New York bankers and bus
mess men," said he, there is a feeling
that something is wrong with the finan-
cai system of our country and we pro-
pose to find out what it is. / am in favor
of the convention deciding upon some ba-
sis principle and putting the perfection
Of it's ideas in the hands of a commission
Ex-Secretary Charles S. Fairchild, lsa-
dore Straus and j. Hassen Rhoades of
New York We're among other prominent
arrivals. Congressman Henry of Indiana
also came in to-day.
Chairman Hanna of the executive COM
mittee received letter to-day from John
M Stahl of Chicago, secretary OF the far-
mers national congress, In which ne says;
You are making Il fnlSidkt III not aShihS
any agricultural bodies to send represents
atiyes to your monetary convention"
This afternoon Congressman Fowler OF
New Jersey and b. II. Wagner, president
of the Sound Money Mems National AS
ISOLATION, arrived.
The MOTEL corridors tonight present
much the same appearance as on the eve
| of national political convention. Dele
| gates with badges of the monetary con-
| ference pinned to their coats, push in and
! out of the crowds that throng the lobbies.
/ Men gather in groups, earnestly discuss
! ing the problems that they have come
| here TO help solve Instead of profess
sional politicians, however, those present
are heads of commercial bodies-mer-
| chants, manufacturers, importers rail-
| road presidents and bankers-men of inn
| portance and high standing In the COM
munities which they represent.
The conference has no parallel In the
| history Of the country. It's conception
| was due to the feeling that the money
| question was not entirely settled by the
| recent elections, but that business men
| should take a hand in giving the country
a sound financial system. Boards OF
trade and chambers of commerce In ?5O
| cities have appointed delegates. Nearly
| half of the delegates who are expected
have arrived The gathering is non-par-
tisan. There is no cut-and-dried pro-
gramme and no man can tell what VIII
will be begun tomorrow and continue two
or three days.
The conference will follow the lines of
a regular convention. 1t will be called to
order at p. m. by Hugh M. Hanna or this
city who is chairman of the executive
committee. which was appointed at the
preliminary conference. The Hon. E. o.
Stannard. ex-governor of Missouri, will be
temporary chairman, and G. stuart Pat
terson dean of the University of Penn
sylvania, viii be permanent presiding OFF,
Ger.
At a meeting of the executive committee
to-day It uas decided to recommend those
officers aad also to recommend the APP
pointment of committees on credentials,
permanent organization and resolutions.
To the latter committee all papers and
| propOsit tions will be referred and only a.
limited time will be permitted to dele
gate to state the substance of his propo-
| sition. This will save the conference from
listening to a number of lengthy essays on
currency revision, and prevent intermia-
BILE debate.
During the days sessions Of the commit-
tee they will be addressed by such repre-
sentative men as Charles 8. Fairchild. ex-
secretary of the treasury, Congressman
| Walker of the house committee on bank
ing and currency, and others
It was hoped that ex-President Harrl-
son could be induced to address the con-
yention, but Mr. Harrison left for the east
to-day on legal business. The consensus
OF opinion among the delegates. who are
here, is that It will be impossible to di-
gest the whole subject of currency reform
during the time of the present conference.
and that the wisest plan will be to make a
declaration of general principles and APP
point a partisan representative COM
mittee to formulate legislative plan, or
to act in conjunction with committee OF
congress in drawing up the legislation.
Atlanta, Ga, Jan. 1.-THE delegates APP
pointed by the Atlanta Chamber Of Com
merce to attend the indianapolis monetary
conference left for that city to-day. The
delegates are ex-Gov Bullock, Capt. r.
J. Lorey and Jacob Haas.