The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-05
THE NEW CURRENCY PLAN.


Considering it's source. the recommended
ton is a remarkable product. 1t comes from
a volunteer organization of business men
and political economists and is the result
of laboriouS effort in the interests of the
whole people of this country without regard
to party or to local tnterests.-Chicago
Journal (Rep.)
1t is entitled to no more measure of re-
spect than the utterapce of an individual
It's form and substance We're dictated by
the gold trust and 1t will have just as
much effect on the public sentiment of the
country-no more, no less-as If it bore the
signatures of British UNDERGRADUATES
Constitution Gree Silver.)
1t has character and ability behind it.
The organization whose views it represents
is representative and influential one And
it will be surprising if. in the course of
time, there is rot general appreciation of
the efficacy of the remedies which are sug-
gested for the improvement of our money
system.-BroQklyn Eagle (Dem)
1t is in all respects most able, thorough,
conservative and faithful to the facts and
possibilities of the financial situation, while
an impartial history of the origin, nature
and functions of our various currency, 1T
is exhaustive, and might well be added to
the curriculum of our advanced schools.
Philadelphia North American (Rep.)
Silver is declared by this suggestion of
the commission not to be money, but a de-
mand obligation of the government payable
in gold. This is indeed gold monometallism
run mad. IT is fortunate that the commits
sion is seif-createc, for otherwise its par
entS could not fail to be very much ashamed
of their offspring. NChicago Dispatch Qnd)
Those who have confidently looked for
large bond issues in the retirement of green
backs as .the result of this conference OF
bankers and their TOOLS will be sadly dis
appointed. Fer reasons, which will readily
appear from consideration of the bank
ing system propositions, there is less of
bonds in this plan than in any that has
been presented.-New York Press (Rep.)
Altogether, the plan is far superior to
either the Baltimore or the Carlisle scheme
of radical reform 1t accomplishes the same
general purposes in more practical and easy
ways. No shock is to be inflicted no sud-
den change is to be made. Natural con-
servatism is respected and deferred to,
though essential principles are not COM
promised-Chicago Post (Rep.)
For the first time in the history of the
financial legislation OF the country since
the close of the civil war the financial
department of the administration is sup
ported by a powerful independent organi-
cation of the business classes, absolutely
without distinction of party and seeking
earnestly to take the currency question out
of the range of partisan politics-New York
Times tDeml
The unpopular feature of the scheme, the
feature which will defeat it in this Con-
gress. and which will insure the election
of majority against it in the next Con-
gress If it is made an issue, is the prOpo-
Sition to convert the noninterest bearing
obligations of the government into interest
bearing obligations 1t is unneces-
sary to discuss the details of a plan OF
which the fundamental features are I'M
possible.-Minneapoli Tribune tRep.J
Though currency reform has been topic
of discussion in the United States for thirty
years there has not at any time been pre-
sented such a mastery handling of the
subject. This plan, we are satisfied
will grow in popular favor as its features
are studied and discussed. 1t is able. Ii
is complete 1t fits together in all its parts
1t will furnish a rallying ground upon
which the business men of ali parts of the
country can stand and make definite de-
mand upon Congress for suitable responsive
action.-Philadelphi Record (Dem)
The report of the monetary commission
of the Indianapolis convention, embracing
it's plan of currency reform, is given to the
country to-day. The value of its work fully
justifies it's creation. Whether regarded as
an educational force or as a practical prop
osition. it is certain TO exercise great and
salutary influence. The plan OF currency
revision framed by the commission Is simple
and conservative, and Is the best or all
the formulated schemes processing 70 be
complete and comprehensive. The reporl