The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-04-17
TO FIX UP A MEASURE
Republican Leaders in Session
at Atlantic City.
THE CAUCUS COMMITTEE
The Firm Establishment of the Gold
Standard Is the Principal Object of
the Meeting-Trying to e.
feet a Compromise.

Atldntlc Alty, N. j., April 16.-The
committee on monetary legislation an
pointed at a caucus of the republican
managers of the national house of rep
resentatives shortly before the ad-
Journment of congress will begin its
sessions in this city tomorrow. Cen
eral David B. Henderson of Iowa is
chairman. and the other members of
the committee are as follows: John
Dalzell, Pennsylvania; S. E. Payne.
New York; Jesse Overstreet, Indiana
William Lowering, Massachusetts:
Charles Curtis, Kansas; Page Morris.
Minnesota; Eugene F. Loud, Califor-
mia; r. B. Hawley, Texas: J. w. Bah
cock, 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 Dalzel
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 rep
resentative business men who are in
sympathy with the movement to put the
monetary standard beyond all attack.
Hadden Hall, one of the largest no.
tells on the beach, is the headquarters of
the committee, and the meetings will
be held in one of the parlors. The gath
erlngs will be private and will prob
ably 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 We're 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 a member of congress.
Nh. Overstreet, who has given the
subject much attention, has prepared q
comparison of the principal features of
all these bills which will be of much
value to the committee. There has also
Deei SeCuIeu lIoIl lHe treasury ue-
partment a great mass of valuable
financial data, including the reports of
secretaries, comptrollers of the cur
rency and directors of the mint. In
addition, the committee will have at it's
command 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 member, Mr.. Loud,
reached here tonight. 1t is expected
many distinguished financiers will be
given an opportunity to appear before
the committee and present their views
on the subject of the expansion of the
currency, the establishment of the gold
standard and other matters to be con-
sidered.
H. 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-
Secretary Fairchild of New York: c.
Stuart Patterson of Philadelphia, John
W. Fries of North Carolina and other
financial experts.
Mr.. Hanna was directed at a recent
of the Indianapolis executive
to urge the adoption of the
entire programme of the monetary
but if this does not appear
possible to accept notifications not in
consistent with the principles of the bill.
These principles relate to the enact
ment 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 f1exi-
BILE 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
but just how far they will
go is not yet determined. The fact that
the leadership of the house is repre-
sented in the makeup of the commit
tee and that their action will in a great
degree bind the republican party, may
produce a conservative tendency. but
me pressure for some means of meet
ing currency needs is being strongly
felt in Washington and the treasury
officials are reported as determined to
urge upon the committee the necessity
Of making full provision for putting
the currency on an enduring basis.