The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-18
PRAlSING THE PLAN.
Letters Received at the Currency Re-
form Headquarters.

Among the bushel of mail that comes
daily to the headquarters of the monetary
executive committee much is found in
praise of the plan put forth by the commits
sion. Below are a few points taken from
yesterdays mail:
Mr.. w. C. Parsons, of Akron, o., writes:
Il wish to thank you for the prompt trans
mission Of the copy of the report of the
Monetary Commission. ! read it with care,
and was much pleased with its contents
We must clinch this matter now while the
farmers, at least, are prosperous, and put
our house in order SO that when evil times
come again we may not have the money
again to add to our troubles,
Charles c. Homer, president of the Sec
ond National Bank of Baltimore, Md, says:
"The careful thought and deep study be-
cogent argument in which II abounds and
its conservative suggestions and provisions.
reflect great credit on the committee, ana
should command for their plan hearty sup
port"
The Boston Merchants Association adopt
ed the following resolutions:
Whereas, We now have a temporary re-
lief from anxiety, but are still confronted
by the great danger of downfall in the
value of our standard money and of the
consequent frightful business disasters and
enormous losses to all creditors:
Whereas, The only important political
conflict in this country to-day is that be-
tween those who oppose the gold standard
and those who heartily favor it;
Whereas, So long as the laws compel
pay, instead of the gold itself, the gold
standard cannot be firmly established
Whereas The use of legal tender govern
ment notes as currency makes the value
of every money contract directly dependent
on the success of government i'll maintain
ing prompt redemption, and therefore. di-
rectly dependent on the will of the execu-
tive yi,so ro.s r,o ,ronatar,, communication -
pointed by the convention of business men
held at Indianapolis last winter has, after
careful study and elaboration, pointed out
a safe way in which our standard money
can be freed from its danger, and in which
those living in the agricultural sections can
supply themselves with bank currency of
which our present laws have unjustly de-
prived them;
"Therefore our warmest thanks are due
to the members of this commission and are
hereby rendered to them. 1t is clearly the
duty and the interest of us all to lay aside
minor differences and to make every exer-
ton to have laws enacted in substantial ac-
cordance with the recommendations of the
commission. Until such laws are in force
our Nation will be in constant financial
peril and will suffer repetition of the
panic of 1886 at every presidential election.
ident to enact into law the bill offered by
the Monetary Commission appointed by the
business mems convention at Indianapolis,
without any changes affecting its essential
principles.
Sydney ]. Johnson. of Little Rock, Ark,
writes: II have carefully read the report of
the commission and the plan of currency
recommended, and am glao 20 note that you
regard the chances for legislation in this
direction as encouraging and more probable
than is generally believed. With deep APP
probation of the efforts of yourself and all
the other patriots who have loaned their
time and energies in behalf of what we all
regard as a great and important work. and
with my best wishes for a full attendance
at the convention, and above all, the sue
cess Of the legislation proposed, | am. etc. "
F. G. Walcott. of New York Mills Oneida
county, New York writes: II have taken
pains to place copies of the report In the
hands or the more prominent business men
of Ithaca, and have seen that they have
been distributed in the banks and among
those who would be especially interested in
reforms as suggested in that report and
trust that they will do some good. We all
feel that reform is very much needed"
Samuel e. 1Woolman, president ,,, Of the
Commercial Exchange Bank, or Philadel-
phia, writes: Il fully appreciate your kind
ness in asking us TO share in your DELHI
action thus far has met with our full in
dorsement and will when 1t comes before a
Congress give 1t our most earnest support.
Frederick n. Judson, leading lawyer of
st. Louis. writes: Il have read the report
and heartily agree with its conclusions and
recommendations. 1t will be document of
| immense value in the spreading OF sound
money sentiment"
VIM. B. Dean, of ST Paul. Mimi, requests
nifty copies of the report, 10 be given to
| Minnesota, at Minneapolis. Professor
Fo.well writes me that he would like to have
| that many to give to the members of the
senior class for their study. he says.
Colonel Fowell is professor of political
economy at the university, and think no
! better hands could our report go into than
| his and the class he proposes to use il
| with" The report has been very much in
demand by the colleges throughout the
! country.
| Harvey s. Mcleod Of Troy ~ Y, writes.
| II am sure the keynote has been struck by
| the report of the convention, and the coun-
try will certainly join in the refrain, name
ly. that better monetary facilities must be
| provided for the millions who are 10 PEG
pie our beloved America in the future"