The age-herald., 1898-09-14
MOUTH|NC MATCH OF THE MONEYS The National Currency Convention
 in Session at Omaha. DEBATES z THE CURRENCY All Part' 2 're Represented and Co' : ne Time and Wind.
 S
 THE S iATISTS ARE IMPATIENT Can Hardly Wait For Their Turn in
 the Discussion.
Can Hardly Wait For Their Turn in
 the Discussion.
MANY FINANCIERs ARE PRESENT
The Session Will Last Three Days. and All the Orators Will Have an Opportunity of Giving
 Their Views.

Omaha, Neb. September 13.-One of the students that ever assembled opened a three days session of the monetary confer ence at the Nebraska building of the ex- position grounds today. Hon. J. Sterling Morton is presiding today. Horace White of New York; Edward Att kinson, Congressman Fowler of New Jer- sey, Editor H. P. Robinson of the Railway Age, Louis R. Enrich of Colorado Springs, Former Senator Carey of Wyoming and Gov. Leslie H. Shaw of Iowa are among those who took part in the programme.
 Shortly after 10 o'clock MT. Morton called the convention to order.
 The afternoon session of the national cur. rency convention developed into a mouth contest between the gold and silver men, l the middle-of-the-road editors of the Re- | form Press association being strongly in evidence for their favorite theory of an ir- redeemable paper currency.
 The f1atists are the most impa tient to be heard, and can hardly wait until Thursday. which is their day for the advocacy of pa- per money, and their Interruptions were fast and numerous. The first speaker was H. P. Robinson of Chicago, editor of the Railway Age. He contended strongly for the necessity of maintaining the national honor by paying off the obligations of the country in good money as they were con- tracted in. His real subject, though, was "The Interest of Railway Men in the Gold Standard" and he predicted that the 75o,- GOO railway employees who voted for Mr. Mckinley in the last election would do so again in 1900 for the sake of their own in- terests, as they wanted their wages paid in dollars of purchasing power equal to that of the money in which they are now paid. Against Quantitive Theory L. R. Ehrichs of Colorado Springs, Colo, followed him to show that the establish ment of the gold standard was in harmony with evolution. Incidentally, he argued against the quantitive theory of money Governor Shaw, of Iowa, made brief address, which went deeply into the sub ject from the producers point of view.
 q am gold monome talist," said he, "because the whole world has agreed on the gold standard, and the law of com mercial convenience which no act of par lament or congress CdH TtPcdi, BONSiAS the whole matter. The only logical argu- ment I can see for silver coinage is that it would reduce wages practically one-half, and thus enable us to compete with the foreign nations, but I would rather have the American make at that. If India was compelled to go absolutely on a gold basis she could not successfully compete with us in the Liverpool market with her cereals"
 @Ia aI.tI debtor country to retain it's gold against foreign draughts and having to do with the quanttive theory as laid down by well known financial authorities, and also as to Indian competition with the American wheat producer were propounded by eX- Congressman c. F. Williams of Boston.
 General A. J. Warner of Ohio, president of the American Bi-Metallic union, con- tended that the gold standard had appre- ciated the dollar and c9rrespond.ngly caused a general fall of prices, doubling the debts of the country.
 Congressman Fowler, of New Jersey, re- plied-to General Warner and demonstrated that wages had been increased numerically since lS4o and in purchasing power und4r the gold standard.
 "Besides since Mir McKnley's lection," he said, the bank clearances of the coun- try had increased from 900 to $55,- 900 ,O0O."
 Charles A. Towne of Duluth, Minn., na- tional chairman of the silver republican party, took exception to MT. Fowlers logic that the gold standard had produced sim ultaneously an indefinite rise in wages and fall of prices. MT. Towne will open in be- half of silver tomorrow morning, and MT. Fowler will combat him.