The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-28
A PHANTOM STORY OF DISCORD.
Associated Press COrrects Its Story
sent Out from This City.

The Sentinel yesterday morning contained
a phantom story about discord in the none
tary convention and had the following sent
out over the Associated Press from this
city:
THE Merchants Association of New
York. representing thousands of business
houses and millions of invested capital,
through its representatives sent to the mon
etary convention, has announced that the
bill incorporating the plan OF the cominls-
sion Will be fought in Congress in It's pres
ent form and changes must be made. me
representatives. Alvah Trowbridge, vice
president of the National Bank of North
America; James McCreery, Richard Cross.
of Morton, Bliss * Co.; Z. ID. EDDY. OF
Flint Eddy & Co. and James B. Dill.
counsel for the association came here pre-
pared TO protest on the door of the conven-
tion and offer amendments. Leaders of the
movement argued to them the Importance
of a united front 10 secure some action from
Congress tard currency reform ana they
contented themselves with filing their pro-
posed changes with the convention, which
railroaded them to the resolutions commit
tee unread and they died there. The repre-
sentatives anxious for currency reform,
and so agreed not to make their tight at the
present stage. Mr.. Cross said there was lit
tie chance of the bills ever passing, so the
matter would be allowed to rest for the
present in its present shape: He said under
the plan it would be possible for swindlers
to organize a chain of banks, place the
stock in irresponsible hands, loot the con-
Germs with straw investments and leave the
sentatives were aVerse to talking on account
of their agreement with the leaders OF the
movement to maintain silence at TINS time.
The New York delegations organized with
out recognizing the Merchants Association
representatives Their silence at this time
is with the distinct understanding that the
bill will never become a law in its present
form. Should there be any chance of its be-
coming a law the fight will be opened
against it"
When the delegates referred to in the
above saw the Associated Press dispatch,
they were in Philadelphia, on their way to
their home in New York. They stopped off
in Philadelphia long enough to get the As
sociated Press to carry the following cor
rection, which was sent out from Phila-
delphia last night;
THE following statement was issued to-
night by Alvah Trowbridge, James Nc
Creepy Richard ]. Cross, Ulysses ID. Eddy
and James B. Dill, delegates OF the Mer-
chants Association of New York to the In
dianapois monetary convention, from winch
they returning home:
We regret that erroneous reports nave
appeared in the newspapers regarding our
action at the Indianapolis convention. 1t Is
due to the cause of sound money. in whose
success we are deeply Interested TO say
that we unanimously voted in the conven-
zion for the resolution approving the report
of the monetary commission and we ear
may be secured to give effect to the prin-
cipies of a single gold standard, a sound
bank currency and the governments retire
ment from the banking business. "