The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-11-17
URGE CURRENCY REFORM
INDIANA BANKERS ADOPT REsOLU-
TIONs ON THIS SUBJECT.
c. II. Lindsay, of south Bend, Elected
President-Ex-COntrO Eek
els's Paper.


number of interesting papers, the election
of officers and the adoption of the follow
ing resolution, introduced by S. G. Tong,
of South Bend.
Resolved. That this association has
watched with interest the efforts growing
out of the Indianapolis monetary confer
ence to obtain conservative ana compre-
hensive monetary legislation that Will place
our currency system upon safe ana endur-
ing basis. We respectfully urge upon Con-
ter at the earliest possible moment and
enacting such a measure as will unity ana
fortify our currency and make the credit
of the United States the best in the world
for all time"
During the afternoon the officers of the
association for the next year were elect
ed as follows:
President-C. T. Lindsey, South Bend.
Vice President-D. A. Coulter, Franklin.
Secretary-S. A. Morrison, Indianapolis.
Assistant Secretary-Allen M. Fletcher,
Indianapolis
Treasurer-E. L. Mckee, Indianapolis.
Executive Council-Hugo c. Rother,
Hardin Roads, Muncie; oliver S. Joice,
Plymouth Mord. Carter, Danville.
Vice p EGFfen5el'
Delegates to the National Convention-C.
T. Lindsey, South Bend; Mortimer Lever
oils; A. c. Lupton, Hartford City; George
w. Apologize.
Congressional Vice Presidents-First dis
trict, H. S. Cook, Evansville; Second I. H.
Fowler, Spencer: Third, J. K. Woodward,
New Albany; Fourth. William Bonner,
Greensburg; Fifth, F. II. Stark, Rockville;
James r. Henry, Indianapolis; Eighth, J.
II. Dehority, Elwood; Ninth, James f..
Evans, Charlottesville; Tenth, w. H. Gard
ner, Valparaiso Eleventh, G. r. Bruner,
Kokomo; Twelfth Albert Robbins, Au-
burn; Thirteenth, j. A. Gilmore, Plymouth.
EX-CONTROLLER ECKELS'S TALK.
James Fl. Eckeas of Chicago. ex-control-
Ter of the currency, was the principal
speaker at the session of the bankers yes
terday morning. Mr.. Eckels asserted that
the time for monetary reform has arrived.
His views on this question were applauded.
In this connection he said:
1.-THE country has a right to believe
engaged in banking-that we have reached
a point where needed remedial legislation
can be had; that there can be no excuse,
no plea for a more convenient season.
We have looked for a convenient season.
We have had expression in promises
which have awakened feelings of hope.
and find more expressions than mere
idle words. After all this struggle to pre-
vent the debasement OF the currency,
highest standard of integrity on the part
of a people that claim to be of the high
est civilization, after all the emparrasS-
ment OF the treasury, certainly the peo-
pie, now that the power is about to be
Invested in Congress, ought to say,
tomorrow but that as the power is in
hand, that power shall be expressed in
such way that all classes of people in
all parts of the country shall be benefited
through legislation long demanded
1T may be it is possible, though con-
slider it extremely doubtful and highly
benefited and evils at home remedied., by
assuming grave duties and grave dam
gers abroad. and letting alone the thing
pie. We ask that the people at home be
at least given a fair opportunity with the
things abroad. Let the currency of this
one will doubt the integrity of the country,
and We will have contributed something
to the forces Of CIVILIZATION which cannot
but work out results as beneficial as the
occupying Of new territories and under
taking new responsibilities
THE administra ton at Washington has
more than once had evidence of the sup
port Of the American electorate. The adj
ministration has called to its aid more than
one citizen VINO aIa not accept or ne e eve
party the administration represents, but
because the integrity of the Nations credit
was at stake, he gave it his support cheer
fully and without promise or desire of re-
ward. Certainly the men who did this
should not now have their interests made
a secondary matter"
CHEERFUL TAX PAYING.
cit has been said that the people pay
taxes cheerfully. Possibly this is a meta
phor. There may be some doubt as to GER
tain portions of it, but on the whole the
people do pay their taxes cheerfully for the
support of government, local and national,
only grumbing when they are compelled to
see the anomalous situation which, in more
than one locality and community and state
and the Nation, has not infrequently pre-
scented itself of paying taxes levied by those
who have the least property interests to be
aI,d lnn 1ieI0I NV yhf1
have contributed the least to their accu-
mutation The question of taxes as 1t af-
fects municipalities, is affected by. the. con-
ditions which 1 have stated, that in almost
every local community, irrespective, of its
size, the revenues are levied by those who
do not in any wise have a property interest
in the levy to be affected thereby. And they
are dsbursed by men who have contributed
little thereto. AS a consequence, we have
in municipal affairs extravagant eXpendi-
lures and the public are not benefited in the
way of public improvements, in the way of
good government, in the protection of prop
erty, as they should be. There is an ele-
ment in this Nation which, under circum-
stances that warrant 1t, detacheS itself from
any great party and attaches itself to an
other party for the time being to carry out
a great reform. There is every reason to
believe that every needed reform will come
about and that in time, in the immediate
time, we shall have government of the peo-
pie through their representatives, for the
benefit OF. the people and not for the benefit
of party"
In the forenoon addresses were also made
by John Farson and Oren Taft, jr., of Chi
cago. Mr.. Farson discussed the subject Of
the Municipal Debt of Indiana" He sug-
gested some changes in the laws which
might increase the desirability of Indiana
securities and permit the municipalities to
borrow money at the lowest rate of inter-
est Mr.. Taft spoke of the foreign system
of mortgage banks, which, he thought,
might be proftably extended through this
country. Abroad loans are made on real
estate for periods of from fifty to seventy
five years. The Credit Foncier of France,
of this class, with loans aggregating $780,
100000. A number of addresses were read at
the afternoon meeting. Among those talk
ing were Frank L. Powell, of Madison
George w. Bell. of Plainfeld; f. II. Stark,
of Rockville; Z. NJ Campbell of Indian
apolis, and G. W. Donaldson, of Vincennes.
MR.. BEVERIDGE AT THE BANQUET.
The annual session of the bankers asso-
citation closed last night with a banquet at
the Grand Hotel. over two hundred gem
tlemen gathered around a richly decorated
table, with John H Holiday as POSTMASTER.
C. T. Lindsey, of South Bend, the newly
elected president of the association, re-
sponded to the first toast, The Associa-
tion," and was followed by ]. A. Hamilton,
of Chicago, who, after discussing THE ILL.,
nois Bankers, was in turn succeeded by
ex-controller of the United States treasury,
James H Eckles. of Chicago, who respond
ed TO Our Country" Will Irwin, of Co
lumbus, responded to the toast of Young
Bankers of Indiana" while the state
Tribe was attended to by "A. A. Mason
was responded to by A. j. Beverage, who,
in presenting Indiana, the leader of the