The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-23
MIR. PEABODY HERE
Believes Sentiment Has Advanced in
Washington.

George Foster Peabody, of New York,
who is one of the most active promoters of
the movement for monetary reform in the
country, arrived last night at IL o'clock and
is registered at the Bates. He is a mem
Der of the executive committee Of the none
tary conference and is the first to reach the
city of the many that are coming to the
convention Mr.. Peabody took a prominent
part in the last conference and is not a
stranger to indianapolis, city which he
says he much admires and is always glad
to visit. Although just in from long jour
ney, he was quite willing last night to say
a good word about the conference and to
express himself briefly on the commissions
report.
II have just received letter from Mr..
Hanna" he said, ''who gives me a very
gratifying assurance of a splendid conven-
ton. This is all the more pleasing to me.
since have feared that many of the most
think it not worth while to come to the
conference, being actuated by the feeling
that the commissions report could not be
improved upon. But what we need now is
think the conference will accomplish this
end"
Mr.. Peabody said that he had heard many
expression from men engaged in all kinds
Of business, and in every instance the docu
ment had been characterized in the highest
terms of commentator as one that must
carry conviction and must be taken up by
all business men as a solution OF the ques-
ton of the hour. This general agreement
of business men on the report, said Mr..
Peabody, seems to me to justify the fore
sight of the Indianapolis people who started
the movement, and personally feel more
and more that the country owes to these
gentlemen a great debt, debt which l
think will be more consciously felt after
attained.
and / expect such a measure of success
within a reasonable length of time. think
be accomplished this year than / believed
would be q year ago. In spite OF all the
word from Washington as to the impossi-
bility of doing anything and the doLbtlessly
sincere opinion of many very competent and
long-experienced public men that it is use
less to try to do anything, the net result
of the impressions which l gained from my
more recent experiences at Washington is
that a great advance is evident in the senti-
ment there on this question. l feel more
hopeful than many as to the possibility of
securing the passage or some measure
through the Senate this session. and this
because of my firm belief IN the
The senator, like the represent
alive. is DESTROYS of acting for the
opinion of the people of his own State. to
be upon the question at issue. And feel
confident that the study anc discussion or
the report of the commission will develop
very hearty and earnest public sentiment
among the people of many of the so-called
silver States for its adoption, the desire of
not for silver, as such, but fer an ample
circulating medium. which, I think, this
report shows can be obtained more surely
by the extension of banking facilities than
by the free coinage of silver
Mr.. Peabody says he believes the full
delegation of forty from Greater New
York will attend the conference. He also
showed a telegram from A. B. Farquhar. of
York. Pa, saying that he had prepared a
Oh re RI IA ar q inf
Mr. Farquhar is a manufacturer and has
made deep study of the financial question.