New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-01-14
At THE MORNING SESSION.
MORE PLANS PRESBYTERIAN ADDRESS
BY CONGRESSMAN FOWLER.

MORE PLANS PRESBYTERIAN ADDRESS
BY CONGRESSMAN FOWLER
Indianapolis Jan. 13-The monetary confer
ence was late in beginning its second days work.
The knowledge that nothing could be accom-
rlished until the Committee on Resolutions had
digested the numerous propositions offered no
doubt led the delegates to take their time before
leaving the comfortable hotels to walk through
a heavy fall OF snow 10 the convention hall
A. 1890 the convention called 10 order by
Chairman Patterson. The secretary read tele-
gram from the Jersey City Board Of Trade, amid
applause. commencing the objects Of the con-
vention and expressing its intention of standing
Iv II in the fight for honest money and the Ma
tonal honor.
F II Magdeburg. OF Milwaukee. presented a
series Of resolutions representing the views Of the
business men Of that section. They demanded
legislation for the refunding OF Government de-
mand notes in long time bonds. with compen-
sating issue OF National bank notes.
f. O. Stanard. OF ST Louis. sent up a plan
formulated by w. O. Little. merchant Of that
city. the main features OF which similar to
the demands made insthe Milwaukee resolutions.
Il contained a provision for the redemption Of
silver certificates al the rate Of GO per cent in
gold and 40 per cent In silver. the latter 10 be
cancelled upon redemption
Ebert X. Perry or GaleSDurg. ILL.,. OUSIru Il
resolution declaring il 10 be the sense OF the
convention that the currency and banking laws
should be so amended as to secure. first an elias
tic currency: second safety without bond
issue. third. the security of depOsitOrs. fourth.
protection Of stockholders against dishonest Off
cials fifth the retirement Of paper currency
sixth a partisan finance commission 10 sug-
gest to Congress desirable changes as the neces-
sity for them develops.
The secretary read the titles OF large number
- schemes Of revision and relief which had been
l,.fv
authors and they We're all referred to the Com
mittee on Resolutions. "Bimetallism and the
Universal Standard. by American" evoked
audible smile.
FOR ORGANIZATION BY STATES
Charles E. Adams. president Of the Massa-
chusetts State Board of Trade. offered resolu
ton recommending the organization by States Of
business men. in crder to expedite the gather
ing Of similar conventions In the future
Il was decided that all papers. resolutions.
etc still in the hands Of delegates be presented
without reading. and at once sent 70 the Com
mittse on Resolutions. The committees work
was Increased by offerings from Messrs Ball
niger Of Iowa; Bell Of Missouri; Coy. OF Iowa;
Kelsey Of Indiana: and Uniston Of Minnesota.
E c. Camp OF Knoxville Tenn. suggested
that we pay debts a Government as We
would as individuals. He advocated tariff
law sufficient TO yield revenue of $65000O.oOO
and the gradual retirement OF the greenbacks
and other Government Indebtedness at the rate
Of at least 500 600 600 per year
Nj Cobb, Of Massachusetts,. behalf OF his
delegation said they were so well pleased with
Governor Stanard's opening address that they
desired 70 commend II TO the Committee on
Resolutions for its consideration in preparing its
declarations OF principles.
Governor Stanard asked that the motion be
III NTr
stated he desired It presented representing
the sentiments Of his delegation. II was so or
dered
The meeting on motion by Mr. Chadwick. Of
Brooklyn. was then thrown open for an inter
change Of opinion. speeches being limited 10
FIVE minutes. Nobody Offering 20 speak, cans
We're made for Chadwick.
Mr. Chadwick gave the history OF the esiap-
lishment Of legal tender obligations issued by
the Government. the first instance being mat
o. the Legislature Of Massac huse'ts In lO"D.
which ordered bills Of credit issued TO pay its
soldiers who had been campaigning IN canada.
This was the beginning Of all our troubles" h-
said
Mr. Chadwick was cut off by the operation Of
the nve-ninute rule and motion 10 extend ms
time was voted down. TO the great amusement
" the delegates.
PAPER BY CONGRESSMAN FOWLER.
Representative c. " Fowler. Of New-Jersey.
a member Of the House Committee on Banking
CURED a division OF the house to pass motion
10 SUSPEND the operation Of the commute rule
In his favor Mr. Fowler said that the recent
Presidential campaign involved the PERSONA IN
egrity Of every man living under our nag
Whether he desired TO do 80 or not dIHer"ht
termination Of the issue would have compelled
him To defraud his creditors. II involved more
than that II involved the ve'Y hOnor or thr
flag itself Nay. more. II involved me oh"dlu
movement or reversal Of the wheels OF prog
4 different termination o: that issue would
have set back the American people one hundred
years on the dial OF civilization. There had
teen four distinct causes OF reasons for our
trouble
Frst-tniversal specula ton
second-Exhausted public credit
ThiTd-Iack OF revenue
Fourth-An equivocal standard OF Naiu-
spreading out everywhere, al nome ana apioau
Mr Bowler then reviewed the history oi
speculation OF The last decade. lie sald tIia'
hundreds o, millions Of dollars went into uh-
Profitable investments which should have been
employed in the channels Of trade he con-
tInu@d
What ear the remedy be- What must = u" lot
the recurrence 10 those ruinous periods or mao
Ejaculation can Il be- the issue Of irrede-nlADr
Tor MS opinion. and for whose opinion any or
cares. answers no Can IL be the issue OF more
s'renbacks redeemabe demand by the roNtrn-
iment; Nine hundred and ninety- nine out OF ever
w. OF those who approve the continuance OF lIic
present amount outstanding would protest dsa'iiH
t'e ADDITION OF single link TO the endless 'ilt''
in be the free coinage Of silver 81 10 10 s'"n
uk without A redeemer when TWO J'-''W
hpoiiars that coined brings NAT. irrcdeena-
~ dollar into circulation? Free coinage w0ulh not
sh 49, silver above the speculttor's VIII anu " ~
,e has never been any such thing ~ any time
ssnywnere. and the proposition gives the lie 10 al