The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-11-02
REPUBLICANS PLEDGED TO THIS

| In January, 1897, monetary confer
ence was held at Indianapolis. There
were no laboring men-no farmers OF
miners-no wealth producers present.
| The purpose of this assemblage was
! to devise ways and means of reforming
| the currency: to put the existing finan-
cial system out of the peoples reach;
to emphasize the policy of the admin
istraticn.
President Mckinley, in "a special
message to congress dated July "a, 1897,
took official cognizance of the none
! tary conference and it's report.
He said: "a notable assembly of
business men with delegates from 20
states and territories, was held at In
dianapolis in January, of this year.
OF the work of the conference he adj
ded: Il commend their report to the
consideration of congress-"
In January, 1858, the bankers and
| brokers, their attorneys and agents,
met again in Indianapolis to consider
a currency reform measure prepared in
accordance with the views of the adj
ministration and the wishes of the
bankers.
The proposed bill was carefully con-
sidered, discussed, amended, and fin
ally turned over to Congressman Over
street of Indiana, who introduced it as
house bill No. $685.
At the same time an executive COM
mittee was named by the monetary
convention, composed of capitalists,
administration hackers and Other
prominent goldbugs, with H. H.
Hanna, Indiana's leading Republican,
as chairman.
After its introduction the OVerStreet
bill was referred to i committee where
it received a few immaterial changes,
and made its final appearance as
'house bill No. 1929" which will be
come a law without question if the
Republicans secure control of the next
congress.
There is nothing uncertain or prob
lematic, therefore, concerning what the
administration and it's hackers mean
by currency reform" They have
written it down. They have ratified
the work of the monetary convention.
They are on record, the president in
his message, and Republican congress-
men in their support of the main issues
involved in the Overstreet, Hill-Fow-
Ter, and Walker bills.
According to a synopsis of the bill to
which the Republican party is pledged,
according to the avoWals of the east
ern press, the reports of Chairman n.
II. Hanna and the admissions of the
president, the currency reform meas
ure, if enacted, will
l. Stop the coinage of silver dollars.
.. Create a bankers trust.
3. Fasten the gold standard on the
people.
5. Make $500, 100000 of silver redeem
able in gold.
g. Make debt contracts, public and
private. payable in gold.
Z. Turn over to banks all power to
issue paper currency.
s. Secure bank currency by assets
only.
9. Leave depositors without protec-
. ton.
10. Enable banks to contract or ex-
pand their currency at will.
IL Leave honest banks at the mercy
Of dishonest ones.
r. Make legitimate banking haz-
ardous.
10. Increase the value of our debt
obligations, national and private, many
hundred million dollars.
Il. Open an avenue for wildcat
banking.
10. Provide a tWelve-year board to
control currency.
16. Make money the master, every
thing else the servant. Mckinley.
The Republicans of Utah are COM
mitted TO NIcKinley's policies. Cur
rency reform is the presidents hobby.
There is no policy to which he is more
attached. All administration organs
advocate the election of Republican
congressman chiefly in the interest of
currency reform.
The New York Press, close to the
president, remarks editorially:
CAS- to finance, the Republican party
las evolved out of the chaos succeed
ing an election in which nothing was
settled but the rejection of the 50-cent
dollar a policy which will set the cur
rency of the country beyond the reach
of demagogy and dishonesty for all
time. This policy it proposes to exc
cute at the next session of congress.
its leaders are pledged to it. It's ap-
propriate committee of the house has
prepared the way to it. This very
platform of New York Republicanism,
whose platforms on questions of
finance ever foreshadow the platforms