The daily morning journal and courier., 1898-01-27
THE MONETARY CONTENTION.
Approves Plau of Currency Reform Sub-
 mitted by Comtni ion-The Plan.

Approves Plan of Currency Reform Sub-
 mitted by Comnission-The Plan.
 Indianapolis, Jan 26.-The Indianap- oils monetary convention before ad- journing to-day cordially approved the plan of currency reform submitted by the commission, which is set out as fol- lows:
 ITO remove, at once and forever, all doubt as to what the standard of value in the United States is, and is to be.
 2-To establish the credit of the Unit ed States at the highest point among the nations of the world.
 3--To eliminate from our currency system those features which reason and experience show to be clements of weak ness and danger
 4--To provide 0 paper currency con- vertible into gold and equal to it in val ue at all times and places, on which, with volume adequate to the general and usual needs of business, there shall be combined quality of growth and elasticity through which it will adjust itself automatically and promptly to all variations of demand, whether sudden Ol Slauudlt eiIN WIllCIl SIldll ulSlIipuIC itself throughout the country as the wants of different sections may require. 5-To so utilize the existing silver dol lars as to maintain their parity with gold without imposing undue burdens upon the treasury
 6-To avoid any injurious contraction of the currency
 7-To avoid the issue of interest bear | ing bonds, except in case of unlocked | for emergency; but to confer the power to issue bonds when necessary for the preservation of the credit of the govern ment.
 | 8-To accomplish these ends by a plan which would lead from our present con fused and uncertain situation by grad ual and progressive steps, without shock or violent change, to monetary l system which will be thoroughly safe and good, and capable of growth to any extent that the country may require. | The following was also adopted: 1 Approving of the expressed purposes of the commission and of it's plan, we do most earnestly and cordially com mend it to our fellow citizens as wor- thy of their approval and adoption and we urge upon the congress of the Unit ed States that the principles embodied I by the commission in their report should be enacted into law with the be- lief and expectation that the effect would be to secure solid, substantial and stable financial system that would rebound to the credit of the country and insure a state of prosperity that cannot be achieved unless there is a system of finance. the integrity and adaptability of which cannot be ques- tioned or gainsaid.
 The time has now come when the prospects for the establishment of the gold standard upon firm and enduring basis are brightening and encouraging. The people want a note currency which shall be as good as gold. This move ment proposes to bring about that re- suit.
 The people want a volume of curren- cy adequate to the general and usual needs of business, with a quality of growth and elasticity through which it I will adjust itself automatically and promptly to all variations of demand, whether sudden or gradual.
 The people of the western and soTth- ern states wish the issues so distributed that the scarcity of currency will no longer hamper and distress them in their business operations. A method is | proposed whereby their wants can be supplied and their demands can be com piled with.
 We appeal to them--we appeal to all patriotic citizens-to unite with us in an earnest and determined effort to se- cure from congress such legislation as will wisely but surely eventuate in bringing about sound financial methods ssad in building up and establishing confidence, security and safety in busi- ness transactions and in the ownership and value of property.
 That the executive committee be con- tinued with power and authority to ado to their number and to fill any vacan
 cies which may occur, and also witt
 power and authority to adopt sucf
 measures for procuring the needed leg
 islation from congress as they, in theil
 judgment, may deem advisable and ex
 pedient.