The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-04-17
REPUBLICAN GOLD MEN MEET
SESSION OF COMMITTEE ON
MONETARY LEGISLATION.
Distinguished Representatives of the
Party to Gather In Atlantic City
Today-Speaker Reed to Be There.

Atlantic City. n. j., April 16.-The
committee on monetary legislation APP
pointed at caucus of the Republican
members of the national house of rep
resentatives shortly before the adj
journment of congress, will begin its
sessions in this. city tomorrow
General David Il. Henderson of Iowa
is chairman and the other members of
the committee are as follows: John
Dalzell, Pennsylvania; Soreno Payne,
William Lowering, Massachusetts;
Charles Curtis, Kansas; Page Morris.
Minnesota; Eugene f. Loud, California;
R. b. Hawley, Texas; j. w. Babcock,
Wisconsin, and Winfield S. Kerr. Ohio
The commission is considered the
embodiment of the sound financial
thought of the Republican side of the
house. Messrs. Henderson and Dali
zell make, with Speaker Reed, a ma
jority of the committee on rules Mr.
Payne is chairman of the committee on
ways and means and several others are
representative business men who are
in sympathy with the movement to put
the monetary standard beyond all at
tack.
Hadden Hall, one of the largest hotels
on the beach, is the headquarters of
be held in one of the parlors. The gath
erings will be private and viii probably
be irregular and will be more in the
nature of a conference.
1t is expected that the sessions will
last not less than two weeks, and they
may extend much longer. The commit
tee may decide to perfect a bill to meet
the situation or they may outline
measure and then adjourn to meet
again later in the year. They will have
all of the important bills on the cur
rency question that were before the
last congress, including the bill of the
monetary commission; the McCleary
bill, which was reported favorably to
the house by the banking committee;
the Hill bill, which was given a favor
able report by the house coinage COM
mittee; the bill prepared by Secretary
Gage and the bill of Chairman Walker
of the committee on banking, who is
no longer member of congress.
Mr.. OveTstreet, who has given the
subject much attention, has prepared a
comparison of the principal features of
all these bills, which will be of much
value to the committee. There has also
been secured from the treasury depart
ment a great mass of valuable financial
data, including the reports of the sec
retaries, comptrollers of the currency
and directors of the mint. In addition
the committee will have at it's command
a complete codification of the existing
currency laws.
Although only three or four members
are here tonight, it is expected all will
arrive tomorrow. The California mem
Der, Mr.. Loud, reached here tonight. 1t
is expected many distinguished finan-
ciers will ge given the opportunity to
appear before the committee and pre-
sent their views on the subject of the
expansion of the currency, the estab-
liShment of the gold standard and other
matters to be considered.
II. H. Hanna and other representa-
tives of the executive committee of the
Indianapolis monetary convention will
be here during the sessions to urge the
bill of the monetary commission. This
bill was framed by a commission of
which ex-senator George F. Edmunds
was chairman. and which included ex-
Senator Fairchild of New York, c. Stu
art Paterson of Philadelphia, John W.
Fries of North Carolina and other
financial experts.
Mr.. Hanna was directed at a recent
meeting of the Indianapolis executive
committee to urge the adoption of the
entire programme of the monetary
commission. but if this does not appear
possible, to accept notifications not
inconsistent with the principles of the
bill. These principles relate to the
enactment of the gold standard into
law, the protection of the treasury
against gold raids by means of a more
definite and greater provision for
greenbacks and the adoption of an
adequate and flexible currency for the
future needs of the expanded republic.
1t is said to be probable that each of
these topics will be considered in turn
by the caucus committee, but just how
far they will go is not yet determined.
The fact that the leadership of the
house is represented in the makeup of
the committee and that their action
will in a great degree bind the Re
publican party, may produce a conser-
vative tendency. but the pressure for
some means of meeting currency needs
is being strongly felt in Washington
and the treasury officials are reported
determined to urge upon the committee
the necessity of making full provision
for putting the currency on an. endur-
ing basis.