Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1898-01-29
MONETARY CONVENTION.
The Meeting at indianapolis Not Slow
In Dlspatchlng Business.
Declares the Time II Ripe TO More Com
pistsly Pledge tho Country to the
Gold Standard Commission's
Work IndorAed.

WoE8 Auooteoos
INDIANAPoLIs, Ind, Jan. 27.-When
the national monetary convention re-
assembled ut ten o'clock yesterday
the committee on resolutions was not
ready to report, and the secretary
read number OF kilograms from the
various commercial bodies of the coun.
try indorsing the plan Of the commits
sion.
L. j. Parker, OF Illinois, presented q
resolution approving the efforts Of the
National business league to forward o
movement toward the establishment
Of q national department Of commerce
and industries, the head Of which
should be member OF the cabinet
Charles S. Fairchild, ex-secretary OF
the treasury, in an address on the mon.
etary commission, Of which he was q
member, said that It had done its work
under the inspiration Of the conven-
ton OF 1897. lie said government
should try to learn facts and conform
Its laws thereto. Men In the past
had standards of value and medi-
ums OF exchange, or circulating me-
diums, or whatever name might be
given them, with no laws save the
custom OF business. These they could
have In the future without stat
utes and they would have them in
spite Of statutes II statutes should
stand in the way Of the irresistible
force of concurring habits Of men.
Whatever might be the standard
named in law men would continue to
measure value by gold until, by the
concurrence OF their habits, they
should evolve something that would
suit their purposes better. He said
that the commissions report was IN
attempt to remove unnatural barriers
of law and make n statute supplement
and assist the laws which the habits
of business men had evolved. He went
on:
Gentlemen. your right to meet, TO have and
speak your opinion. to make your petition and
TO win TO your cause the people OF our country
Is older than our government, Is declared In
the bill OF rights and imbeddcd In the ccnstitu
tion OF the United States The spirit which
brings you here Is that which makes possible
and is the condition precedent TO government
OF the people. We claim no more than this
high and ancient right and no less Your au-
thority Is no more than that which can be given
by the combined character wisdom md patri-
otism OF the voluntary organizations Of the
men In oil parts Of our country who move and
direct its mighty business, whose brain and
energy give life 10 that, without which army.
navy. nations glory, the government even,
cannot be. or this you arc the delegated rep
resentatives Your authority Is this and no
more and no less.
The next speaker was Congressman
Jesse Overstreet, OF the Indianapolis
district, who introduced the monetary
bill into congress. He commended the
commissions work. The resolutions
were discussed in five.minute speeches
and after two hours Of favorable de-
bate they were unanimously adopted.
The resolutions set out the plan as
follows:
1. To remove ut once md forever oil doubts
rs TO what the standard OF value in the United
States Is and Is to be.
3 To establish the credit OF tne United
states NJ tne highest point among 'ne ha'ions
u inc ne " s,,u,no, ,,ou or, ,,rrencv svs,em
those features which reason and experience
show to be elements OF weakness and danger.
To provide paper currency convertible I've .;DI 10
INTO go,a anu eq s Itch o,rue ~ vaa a. soua,
to the general and usual needs Of business,
there shall be combined 4 quality Of growth
and elasticity through which IL will adjust II
sen au.oa.cay aha psom sdy.u srsSna
and which shall distribute itself throughout
the country rs the wants OF different sections
may require
no 80 u',,ss 'nc en,s.i.s s,, ,s ,,Sn, 10, -
ros . nnsue s burdens mon the treasury
To avoid any Injurious contraction OF the
currency.
y TO avoid the issue OF interest bearing
onoS en, !" cor,er ,bc mower ~ istue bonds
when necessary for the preservation Of the
credit of the government
= 10 accomplish these enas Dy plan ~, wn ,.s
"ouiu iceu houi VeA P'S"S"s No"s N'S& e.'~> -
ccr'eih situ"u"n W sieau". anu P'os'Ss''e