The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-04-03
Ii Will Establish Headquarters at
fluence Monetary Legislation.
VIEWS OF ARCHITECT AIKEN
ON THE NEED OF A NEW PUBLIC
BUILDING AT INDIANAPOLIS.
Secretary OIney's to Spain
on the Cuban Tobacco Embargo
The Samoan Question.

WASHINGTON. April 2.-Eieven of the
fifteen members of the executive commit
tee authorized by the Indianapolis none
tary convention last January have been i'm
the city for several days. That convention,
composed of business men delegated by the
boards of trade of one hundred cities. de-
cided to urge "a commission to investigate
banking and currency laws with a view to
their early revision. and the executive COM
mittee has decided to establish headquar-
tiers here in an endeavOr to procure from
Congress such legislation at this session
as will empower the President to appoint a
committee to consider the subject before
the regular session of Congress convenes
I'm December.
The headquarters probably will be in
charge of III. III. Hanna, of Indianapolis. one
of the prime movers in the convention.
Those who are here with him are c.. c..
Harrison and Stewart Patterson, of Phila-
delphia: w. E. Dean, of st. Paul; j. w.
Fries. of Salem. n. c.; NJ. L. Crawford. of
Texas: Maj. j. f. Hanson, of Georgia; John
=. Irish. of California; Ex-Governor l.. o.
Stannard, of Missouri; A. w. Wilson, of
Louisville, and George Forte Peabody. of
Brooklyn. The member of the
have conferred with public officials and
t1ef1DtTS III oOnSTtSS WIFI IeSdIu U tllS
matter, and say they have met with no dis
enlargement, although the situation rela-
tive to the tariff makes it of paramount
Importance that the fate of the bill in the
Senate should not be delayed or leopard
lied.
1.-The real work which the committee has
been appointed to do" said Mr.. Hanna to-
night, lis to organize public opinion of citi-
zeuS of each conversational district in favor
of specific remedies to be enacted into the
law. The readiness to undertake this work
is the particular feature OF this movement.
which differentiates it entirely from any
similar movement. The committee recog-
nizeS that there has not been, at any time.
a general agreement among organizations
of business men even, much less among
citizens generally. all of whom are vitality
affected. To procure such an agreement
Will, 1t is believed, be of the greatest serv-
ice to Congress. which is necessarily de-
pendent for legislation on such questions
upon some weiI-defined public demand. 1t
is only as an adjunct in this sense that the
commission is considered by the committee
of the Indianapolis convention. To be
properly an adjunct the commission should
be so constituted as to enable the freest
expression, and to command for its con-
illusions the fullest confidence of all. Par
tisan and political questions have had no
weight in its deliberations.
"Ihe conclusions the committee have
reached are: First, that an act be promptly
introduced in both houses providing for the
appointment by the President of a monetary
commission of eleven members, which shall.
as soon as it may be possible. after the
constitution and appointment thereof. enter
on a thorough and comprehensive consid-
Grafton of the currency and banking affairs
OF the United States and the laws relating
thereto, and no limit is placed on the scope
of such inquiry, or the manner of conduct
ing the same. The commission shall make.
within four months after the date of its
Appointment. and not later than the LIST day
or october, 1897, a concise and exact re-
port of its deliberations, conclusions and
recommendation covering the subject mat
ter considered by IL, accompanying the said
report with the proper bill or bills to carry
their recommendations into effect. The
judgment OF the executive committee is
that the very early appointment of such
a commission is of the first Importance to
the successful accomplishment of its work.
III VIII be the purpose of this committee to
see that the report of the commission =
made the subject of study and action there
upon by the merchants. farmers. manufac-
turers, bankers. laboring men and all bust
ness and commercial interests. 1t is the
further Judgment of this m that
the simple fact of the appointment of such
a nonpolitical representative commission
would have an immediate and important
effect In aiding the restoration of confi-
dence throughout the country"