The record-union., 1899-04-17
Will Assemble at Atlantic City, NeR
Jersey.
Gatherings Will be Private and the
Committee Will Only Give Out
Such News for Publication as
Suits Its Purpose-Represent
tive Loud Is a Member of the
Committee.

"a LAIN liz I'll IN. u. J, ADTll lO.-S
The committee on monetary legislation
appointed at a caucus of the Republl-
can members of the national House OF
Representatives shortly before the adj
journment of Congress, will begin it's
sessions in this city tomorrow. Gem
eral David B. Henderson of Iowa is
Chairman and the other members OF
the committee are as follows:
John Dalzell, Pennsylvania; Serene tEx
Payne, New York; Jesse Overstreet. In
diana; VIM. Lowering, Massachusetts;
Charles Curtis, Kansas: Page NORRIS
Minnesota; Eugene F. Loud, California;
K. b. Hawley, Texas; j. w. Babcocks
Wisconsin, and Winfield S. Kerr, Ohio
The committee is considered to en-
body the sound financial thought of the
Republican side of the House.
Messrs. Henderson and Dalzelf make4
with Speaker Reed, a majority of the
Committee on Rules; Mr.. Payne isl
Chairman of the Committee on Ways
and Means, and several others are rep
resentative business men who are i'm
sympathy with the movement to put
the monetary standard beyond attack.
Hadden Hall, one of the largest ho-
tells on the beach front, is the headquar-
tiers of the committee and the meetings
will be held in one of the parlors. The
gatherings will be private and VIII
probably be irregular and the work as
signed to the members partakes more
of the nature of a conference, and as
the committee is not public one, it
will only give out such news for pub
LEGATION as best suits its purpose. 1t is
expected that the sessions will last not
less than two weeks and they may ex-
nr1d ral, NJ
decide to perfect a bill to meet the sit
uation, or they may outline a measure
and then adjourn to meet again later
in the year. They win have all of tha
important bills on the currency ques-
ton that We're before the last Congress.
including the bill of the Monetary Com
mission, the McCleary bill, which was
reported favorably to the House by the
Banking Committee: the Hill bill
which was given a favorable report by
the House Coinage Committee; the bill
prepared by Secretary Gage, and the
bill of Chairman Walker of the Conn
mittee on Banking. who is no longer a
member of Congress.
Mr.. Overstreet, who has given the.
subject much attention, has prepared
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 Department a great mass OF
valuable financial data, including the
reports of the Secretaries, ComptroIlers
of the Currency and directors of. the
mint. In addition, the committee will
have at it's command a complete codi-
fication of the existing currency laws.
Although only three or four members
are here tonight it is expected that all
will arrive by Tomorrow The Califor-
mia member Mr.. Loud, reached here to-
night.
1t is expected that many distinguished
financiers will be given the opportunity
to appear before the committee and pre-
sent their views on the questions of the
expansion of the currency, the estab-
lishment of the gold standard and other
matters to be considered
Fl. H. Hanna and other representa-
tives of the Executive Committee Of tho
Indianapolis monetary conference wilr
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
meeting of the Indianapolis Executive
Committee to urge the adoption of the
entire program of the monetary COM
mission, but if this does not appear pos
sible, to accept notifications not incon-
sistent with the principles of the bill
These principles relate to the enactment
of the gold standard into law, the pro-
lection 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
proba BILE 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 repre-
sented in the make up of the committee
and that their action will in a. great
degree bind the Republican party. NAV
produce a conservative tendency. but
the pressure for some means of meet
ing currency needs is being strongly
felt at 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.
WAGES TO BE REDUCED.