The Saint Paul globe., 1899-04-17
To PLAN REFORM
HOUSE COMMITTEE WILL TAKE UP
THE CURRENCY QUESTION
THIS WEEK
MEMBERS ARE ARRIVING
CONFERENCE IS EXPECTED TO
LAST TWO WEEKS AND POS
SIBLY MUCH LONGER
SESSIONS TO BE SECRET
Only Such Information as May Seem
Desirable VIII Be Given to the
PubIic-PIan of Procedure Not
ris. of Minnesota, Is One Member
of the Committee.

ATLANTIC CITY, n. J., April 16.-The
committee on monetary legislation ap-
pointed by the caucus of the Republican
members of the house of representatives,
shortly before the adjournment of con-
gIess, will begin its sessions in this city
shortly. Gen. Henderson. of Iowa, is
chairman, and the other members of the
committee are as follows: ]. Dalzell,
Pennsylvania; Serene Payne, New York;
Jesse Overstreet, Indiana; William Lover
ing, Massachusetts,; Charles Curtis, Kan
sas; Page Morris, Minnesota; Eugene F.
Loud, California; r. B. Hawley, Texas;
]. ". Babcock, Wisconsin, and Kerr,
Ohio.
The committee is believed to embody the
financial thought of the Republican side
of the house. Messrs. Henderson and Dali
zell make, with Speaker Reed, a majority
of the committee on rules; Mr.. Payne is
chairman of the committee on ways and
means, and several others are represen-
tative business men who are in sympathy
with the movement to put the monetary
standard beyond attack.
Hadden Hall, one of the largest hotels
on the beach front, Is the headquarters
of the committee, and the meetings will
be held in one of the parlors. The gath
erings will be private and will probably
be irregular, as the work assigned to the
members partakes more Of the nature of
conference, and as the committee Is not
public one 1t will only give out such
news for publication as best suits it's
purpose.
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 bill to meet
the situation or may outline a measure
and then adjourn to meet again later in
the year. They will have all of the i'm
portant bills on the currency question
that were before the last congress, in
Guiding the bill of the monetary COM
mission; the McCleary bill, which was re-
ported favorably to the house by the
banking committee; the Hill bill, which
which was given favorable report by the
house coinage committee; the bill pre-
pared by Secretary Gage, and the bill of
Chairman Walker, of the committee on
banking, who is no longer member of
congress.
COMPARATIVE DATA.
Mr.. Overstreet, who has given the SUBJ
iect much attention, has prepared a COM
parison 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 department great mass of
financial data, including the reports of
the secretaries, comptrollers of the cur
rency, and directors of the mint. In ad-
dition the committee will have at its
command a complete codifcation of the
existing currency laws.
Only two or three of the members are
here tonight, but 1t is expected that all
will arrive by tomorrow night, with the
exception of the California member, Mr..
Loud, who will defer making the trip
East until the work of the committee is
well advanced. 1t is expected that many
distinguished financiers will be given the
opportunity to appear before the commit
tee and present their views on the sub
ject of the expansion of the currency,
the establishment of the gold standard
and other matters to be considered
H. H. Hanna chairman of the execu-
tive committee of the Indianapolis none
tary 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-Secretary Fairchild, of New
York; c. Stuart Patterson, of Phiadel-
phia; John w. Fries, of North Carolina,
and other financial experts
Mr.. Hanna was directed at recent
meeting of the Indianapolis executive COM
mittee 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.