The evening tribune. (Pawtucket, R.I.) 189?-190?, 1897-01-14
WALKERS WARM TIME.
Monetary Conference Delegates Go
For Congressman.
Resolutions Adopted Demand
Gold Standard.


Walker OF the house banking commit
tee ran afoul Of the delegates to the
monetary conference yesterday, and
hot debate resulted. The difficulty arose
over the adoption of the report of the
committee on resolutions. Immediately
after the morning opening Congressman
Fowler Walkers associate on the house
banking committee, made a report
which started the ball rolling. He said:
There are three ways Of escaping ma
tional bankruptcy at some time II the
present plan is to be continued:
I've could assume full functions OF
banking, a step which Is altogether out
OF the question.
2-We can tax the people when the
emergency arises, which must prove, a.
1t always has, a most expensive and
burdensome policy, and one to which
the people will not long submit.
3-The retirement of the demand OBJ
legations of the government, a policy
that is clearly demanded by our own
experiences and approved by that of al
of the rest OF the world. This Is the only
practical solution, and 1t Is our only
remedy.
Mr.. Fowler said that the late cam
paign involved the personal integrity
OF every man living under the American
flag. Whether he desired to do SO or not,
a different termination of that issue
would have compelled him to defraud
his creditors.
The afternoon session was called to
order at 2:45. Word had been received
by Chairman Patterson that the CON-
nittee on resolutions would not be ready
to report until 4:30. and a recess was
taken after a short discussion.
The adjourned session was called to
order at 4:25. NJ. e. ingalls, then read
the resolutions that had been unani-
mously concurred in by the committee
of resolutions.
The first part of the resolutions. urg.
ing the maintenance Of the gold stand.
ard, was loudly applauded.
j. II. Walker, chairman of the house
banking and currency committee. op-
posed the resolutions, declaring that no
financial legislation could be had I'm
congress, as the resolutions proposed.
He said the action of the convention
would tie the hands Of the banking and
currency committee and damn the
cause.
Following are the resolutions a.
adopted by the conference:
This convention declares that II has
become absolutely necessary that q con-
sistent. .straightforward and deliberately
planned monetary system shall be inau.
surated. the fundamental basis Of which
should be:
First. that the present gold standard
should be maintained; second. that
steps shall be taken TO insure the ulti-
mate retirement Of all classes OF United
States notes by q gradual and steady
process. and SO a. to avoid injurious
contraction OF the currency or disturb
ance OF the business interests Of the
country. and until such retirement pro-
vision shall be made for q separation of
tho revenue and note issue departments
OF the treasury. Third, that q banking
system be provided which should fur
nish credit facilities to every portion Of
the country an6 safe and elastic cireu-
lation OF the loanabls capital Of the
country as will tend to equalixe the rates
OF interest In all parts thereof. For the
purpose OF effectively promoting the
above objects:
Resolved, That Is members of this con-
vention be appointed by the chairman to
act as an executive committee while
this convention IL not in session, with full
powers Of this convention. The execu-
tive committee shall have the power TO
increase its membership to any number
not exceeding %6, and five members
thereof shall at all times constitute
quorum Of said committee.
The executive committee shall have
special charge Of the solicitation, re-
ccipt and disbursement Of contributions
voluntarily made for all purposes. shall
have power to call this convention to-
gether again when and where II NAV
seem best by said committee to do SO.
and said committee shall continue in
Office with power to fiji vacancies until
discharged at future meeting of this
convention.
Resolved, That 1t shall be the dutv of
this executive committee to endeavor
to procure, at the special session of con-
gress which 1t IL understood will he
called In March next, legislation calling
for the appointment of monetary com
mission by the president to consider the
entire question and to report to congress
at the earliest day possible.
Or failing to secure the above lee,s,a-
tion they are hereby authorized and en-
powered TO select a commission of II
members according to the rules and
Ilans set forth In the suggestions sub
mitted to the convention by Mr.. Hanna
OF Indianapolis, as follows:
Arucie I-Tne commission shall con-
sist OF IL members to be named by the
executive committee appointed by this
convention. The executive COMMITTEES
shall have power to fill vacancies i'm the
commission as they may occur.
Article 1.-THE first meeting of the
commission shall be held at q time and
place to be designated by the executivc
committee of this convention i'm a call
to be issued therefor: and at such meet
ing the committee shall organize bv
the election OF such officers and the
adoption of such rules and bylaws for
its own government as may be agreed
by a majority of it's members. and there
after II shall be governed by such rules
and bylaws subject to these articles.
Article IM-All rules and bylaws NJ
the commission and all it's PROCEEDINGS
shall be directed toward the accompIish-
ments OF the subjects OF it's creation
which is to make a thorough inyestiga.
tion OF the monetary affairs and needs OF
this country, in all relations and as
poets. and to make appropriate sug-
sestions Az to any evils found TO exIst
and the remedies therefore: 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 exceed the sum set apart for
such purpose by the executive commit