The Saint Paul globe., 1897-01-14

AL that hour 1t had been practically
decided to adopt, with some modifica.
tons, the idea presented to the con-
vention by H. H. Hanna, and known
as the Indianapolis plan. The commit
tee also indorsed proposition to make
a permanent body or congress of the
present convention on the plan of the
Mississippi congress.
Many of the members of the com
mlttee are men Of national reputation
Each member made known the wants
or his particular section. Gov. Butler
OF Georgia, President Ingalls,, of the
Big -Four, and Chairman Hanna set
forth their views. The liveliest discus
sion In the committee room grew out
OF the proposition for a permanent
commission to be appointed by the
president of the United States, or by
the monetary conference. H. L. Rem
mel, OF Arkansas, advocated the Cali
fornia plan, presented by Col. John P.
irish, as embodying the sentiment of
all sound money men of the West
charles 1. Libbey, Of Maine, favored
the St Paul and Chicago idea, which
meant the appointment Of a commits
sion by the president of the United
states. He thought a commission so
appointed would carry with it more
weight and influence than a body of
men appointed by the convention,
pointed to draft a platform for action
by the main committee:
w. b. Dodge, of Minnesota; M. E.
ingalls,, of Ohio; B. Bullock, of Geor-
gia; N. E. Fletcher, of Michigan, and
Charles I. Libby, of Maine
1t was after o'clock when the none
tary conference reassembIed. The del
egates here received an invitation to
visit the Indiana senate while await
ing the report of the resolutions COM
m1ttee, but when they reached the
capital building the august body had
adjourned and the delegates trudged
back to the convention hall through the
snow. A misunderstanding was re-
sponsible for the 'f1uke"
After the convention had been called
to order Mr.. Adams, of Massachusetts.
introduced a resolution of thanks for
the work done by the executive COM
mittee and the commercial bodies of
Indianapolis, which carried unanimous
ly. Mr.. Adams followed up the adopt
ion of his resolution with q brief speech
In which he said he took extraordinary
pleasue in sending the greetings of the
Massachusetts board Of trade to the
commercial bodies of the West. This
sentiment was seconded by Mr.. Wilson,
of Kentucky, in a brief speech. Chair
man Hanna, on behalf Of the executive
committee. then responded disclaiming
individuality in the work Mr.. Hanna
then called on M. E. ingalls,, of Cincin-
natl, to read the report of the COM
mittee on resolutions. The report fol-
lows:
RESOLUTIONS REPORTED.
This convention declares that it has be-
come absolutely necessary that a consistent
straightforward and deliberately planned mon
etary system shall be inaugurated the fun
damental basis of which should be:
First, that the present gold standard
should be maintained.
Second, that steps should be taken to in
sure the ultimate retirement of all classes of
United States notes, by a gradual and steady
process and so as to avoid injurious contrac-
tion Of the currency or disturbance of the
business interests Of the country, and that un-
til such retirement, provision should be made
for separation of the revenue and note
issue departments of the treasury.
Third, that banking system be provided
which should furnish credit facilities to every
portion of the country and an elastic circula-
ton, especially with a view of securing such
distribution of the loanabIe capital of the
country as will tend to equaliZe the interest
rate in all parts thereof. For the purpose of
effectively promoting the above objects;
Resolved, That fifteen members of this con-
vention be appointed by the chairman to act
as an executive committee while this con-
Vention is not in session, with the full powers
Of this convention. The executive committee
shall have the power to increase it's member
ship to any number not exceeding forty-fve
and five members thereof shall at all times
constitute quorum of said committee.
The executive committee shall have special
charge of the solicitation, receipt aud dis
bursement of contributions voluntarily made
for all purposes; shall have power to call
this convention together again. when and
where it may seem best to said committee to
do so, and said committee shall continue in
Office with power to fill vacancies until dis
charged at future meeting Of this conven-
tion.
Resolved, That it shall be the duty of this
executive committee to endeavor to procure at
the special session of congress, which it is
understood will be called in March next, leg
1slauon calling for the appointment Of a
monetary commission by the president to
consider the entire question, and to report
to congress at the earliest day possible.
Or, falling to secure the above legislation,
they are hereby authorized and empowered to
select commission of eleven members ac-
cording to the rules and plans set forth in the
suggestions submitted to the convention by
Mr.. Hanna, Of indianapolis, as follows:
Article 1.-The commission shall consist of
eleven members to be named by the executive
committee appointed by this convention. The
executive committee shall have power to fiji
vacancies in the commission as they may
occur.
Article 2-The first meeting of the commits
sion shall be held at time and place to be
designated by the executive committee of this
convention in a call to be issued therefor
and at such meeting the commission shall or
ganize by the selection of such officers and
the adoption of such rules and bylaws for
It's own government as may be agreed by a
OF its members; and thereafter it
shall be governed by such rules and bylaws
subject to these articles.
Article 3-All rules and bylaws of the com
mission and all it's proceedings shall be di-
rected towards the accomplishment of the OBJ
jects Of It's creation, which is to make a
thorough investigation of the monetary af-
fairs and needs of this country in all reIa-
tons and aspects and to make appropriate
suggestions as to any evils found to exist and
the remedies therefor; and 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 ex-
ceed the sums set apart for such purpose by
the executive committee.
Article 4-The executive committee of This
should use SO much of the vol
untary contributions made to it as may be
available for that purpose, to defray all nee
essary expenses Of the commission and shall
notify the commission from time to time of
the amount available, in order that it NAV
regulate its expenditures accordingly and no
liability shall attach to said committee or to
this convention beyond the amount so noti-
fed.
Article 5-When the labors of this commits
sion have been completed as far as practi-
cable the executive committee, if it deems it
advisable, shall issue a call to bring this
together again at a time and
place designated in such call and at the
meeting SO convened the commission shall
make report Of it's doings and suggestions in
such manner and form as it shall deem best
adapted to present the same to this conyen-
ton and its members for action; and If leg
lslation Is deemed possible shall accompany
such report with draft of such bill or bills
providing for such legislation.
Resolved, That all resolutions and COM
as to methods of currency re-
form which have been presented to this con-
venton be referred to such commission when
formed.
BOMBSHELL DROPPED.
After the reading of the resolutions
j. H. Walker. of Massachusetts,. chair