The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-04-17
NATIONAL FINANCE.
Policy Of the Republicans Will Be Out.
lined This Week.
THE LEADERS ARE TO CONFER
Proceedings Of the Meeting VIII Not
Be Given 10 the People.
DRAFT OF THE BILL WILL BE PREPARED
Advice and Suggestions from Flnancers
Has Been Ccllated.
IEXPANSl0N OF THE CURRENCY SUGGESTED
| Tho Bill to he Framed VIII Ue-enact
| the Gold standard aud Provide
Protection OF the Treasury.
DRAFT OF THE BILL WILL BEPREpARfD
Advice and Suggestions from Flnarclers
Has Been Collated.
EXPANSION OF THE CURRENCY SUGGESTED
Tho Biii to ne Framed VIII Ue-ensct
the Gold standard aud Provide
Protection of tho Treasury.

Atlantic City N, j.. April 1.-THE coin
mttec on monetary legislation, appointed
at a caucus of the republican members OF
the National house OF representatives
shortly after the adjournment Of congress.
will begin It's session in this city tomor-
row. General David u. Henderson of Iowa
is chairman and tho other members OF the
committee arc: John palzcll Pennssl
vania; Cyrano Payne. New York; John
overstreat. Indiana William Lowering,
Massachusetts,: Charles Curtis. Kansas.
Page Morris, Minnesota; Eugene Il. Loud,
California; r. u. Hawiey, Texas, j. W.
Babcock. Wisconsin. and Kerr OF Ohio
Tho committee :. considered TO cmbody
the sound" huapc..il thought az the repub-
llcan side OF the house, Mcssrs, Hepder
son and Dalsell make with Speaker Reed.
majority Of the committee on rules; Mr.
Payne is chairman OF the committee on
ways and means an / several others are
representative business men, wha are III
sympathy with the movement, TO put the
monetary standard above ntta-k.
MADDEN Hall, one az the largest hotels
on the beach front is the headquarters of
tho committee, and the meetings will be
held In one Of the parlors. The gather
ings viii be private and will probably he
irregular, and the work assigned 10 the
members partakes more Of the nature OF
conference, and ne tho committee is not
public one. il viii only give out such news
for publication as best suits its purpose,
II Is expected that the sessions VIII last
not less than two weeks, and they may
extend much longer. The committee may
decide to perfect bill ~ meet the situa-
| ton or they may outline q measure AMI
then adjourn 10 meet later in the year.
| They will have all important bills on the
currency question that were before thu
| last congress- Including the bill Of tho
monetary commission, the McCleary bill,
which was reported favorable TO the house
by tho banking committee, the Hill bill,
which was giysn favorable report by the
house COMMITTEES on coinage, the bill pre-
pared by Secretary Gage, and the bill Of
Chairman wilkes on banking, who is no
longer a member of congress.
Mr.. Orrstreet who has given the sub
iect much attention has prepared com
parison of the principal features of all
these bills which viii bo OF much value
10 the committee. There has also been
secured from tho treasury department
great mass OF valuable data prepared by
tho controller OF the currency and d.
rector OF the mint. In addition, the COM
mittce viii have at It's command COM
plete codIfcaton of the existing currency
laws
Although only two or three Of the menu
bors are here tonight, It is expected al
will arrive By tomorrow. The California
member Mr. Loud. arrived tonight
II Is expected that many distinguished
fuanciers will be given the opportunity
TO appear before the committee aud pre-
sent their views on The subject Of the eN-
pansion of the currency and gold standard
ana other matters.
H. H. Hanna and other representatives
OF the executive committee Of the Indian
npolis commission will he here during the
session to urge he bill about the money
commission. This bill WAS framed BY
commission of which ex-senator George
+. Edmnnda was chairman and which I'M
cudes ox-Secretary FarohId OF Nav
York. G. stuart Pattisop OF Phlsdclphia
John w. Frees Of North Carolina. anf
other financial experts.
MIR. Hanna was directed at recent
meeting OF tho indianapolis executive
committee TO urge tho adoption OF the en-
tire programme OF the monetary commits
sion but " this does not appear possible
TO accept notifications not inconsistent
with the principles of the bill These
principles relate to the re-enactment OF
the gold standard into law the protection
OF the treasury against gold raids by
means of a more definite and greater pro-
vision OF greenhacks and the addition OF
an adequate and flexible currency for the
future needs Of tho expanded Republic
IL is stated TO be probable that each OF
these topics Will be considered In turn
by the caucus committee. but how far thsy
viii 20 is not yet determined. BY the TACT
that the leaders OF the house are repre-
scented In the make-up of the committee
their actions will In great degree bind
the republican party and may produce
conservative tendency. but the pressure
for some means OF meeting current needs
Il being strongly felt in Washington aud
the treasury officials are reported as de-
termlned to urge upon the commission mo
necrsaIty of making full provision for
putting the currency on an enduring basis.