The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-04-17
Committee Appointed by Republic.
can Caucus of Last Congress
on Monetary Legislation
TO CONYENEAT ATLANTIC CITY.
They are Expected to Formulate
a Measure to be Presented
to Next Congress.


members OF the national house Of rep
resentatlves, shortly before the ad-
journment of Congress will begin It's
sessions in this city tomorrow. Gen.
David B. Henderson, Of Iowa, Is chair
man and the other members Of the COM
mittee are as follows:
John Dalzell. Pennsylvania; Serene
E. Payne. New York; Jesse Overstreet,
Indiana; William c. Lowering, Massa-
chusetts; Charles Curtis, Kansas; Page
Morris, Minnesota: Eugene f. Loud,
California; o. B. Hawley. Texas; J. w.
Babcock. Wisconsin, and Kerr, Ohio.
The committee is considered to en-
body the sound financial thought Of the
Republican side OF the house. Messrs.
Henderson and Dalzell make, with
Speaker Reed, majority Of the COM
nittee on rules; Mr.. Payne, Is chair
man Of the committee on ways and
means. and several others are repre-
sentative business men who are in SYM
pathy with the movement to put the
monetary standard beyond attack.
Haddon Hall, one Of the largest
hotels on the beach front. Is the head
quarters OF the committee and the
meetings will be held in one Of the
parlors. The gatherings will be private
and will probably be irregular as the
work assigned TO the members partakes
more Of the nature Of n conference, and
as the committee is not q public one. it
will only give out such news for publi-
cation as best suits its purpose. 1t is
expected that the sessions will last not
less than two weeks and they may ex-
tend much longer. The committee may
decide to perfect bill to meet the sit
uation. or they may outline a measure
and then adjourn to met again later in
the year.
Currency Matters.
They will have all the important bills
on the currency question that were be-
fore the last Congress, including the
bill of the monetary committee; the
McCleary bill, which was reported fav-
orably to the house by the banking
committee, the Hill bill which was
given favorable report by the house
coinage committee. the bill prepared by
Secretary Gage and the bill OF Chair
man Walkero of the committee on bank
Ing, who is no longer member OF Con-
grcss.
Mr.. Overstreet, who has given the
subject much attention, has prepared n
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 de-
partment n great mass Of valuable
financial data, including the reports Of
the secretaries. comptrollers of the cur
rency and directors of the mint. In
addition, the committee Will have at its
command complete codification Of the
existing currency laws.
Although only two or three Of the
members are here tonight 1t is ex-
pected that all will arrive by to-mor-
row. Mr.. Loud, OF California, reached
here tonight.
1t is expected that many distin-
guIshed fnancIers will be given the op-
portunity 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.
The Gold Standard.
II. II. Hanna and other representa-
tivcs Of the executive committee Of the
Indianapolis montary convention, will
be here during the sessions to urge the
bill Of the monetary commission.
This bill was framed by n committee
Of which ex-senator George +. Ed
munds was chairman. and which in
cludcd cNSecretary Fairfield. Of New
York; C. Stewart Patterson. OF Phila-
delphia: John w. Fries. OF North Caro-
lima and other financial experts.
Mr.. Hanna was directed at recent
meeting OF the Indianapolis executive
committee 10 urge the adoption of the
entire programme Of the monetary COM
but II this does not appear pos
sible to accept notifications not Incon-
slstent 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 more definite and
greater provision of grcenbacks, 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
but Just how far they Will,
1t is not determined. The fact that the |
leadership of the house Is represented In
the make-up Of the committee and that |
their action will In L great degree bind |
the Republican party. may produce a
tendency, but the pressure
for some means of meeting currency
needs Ia being strongly felt In Washing
ton and the treasury officials are re-
ported ms determined to urge upon the
the necessity OF making full
provision for putting the currency oman
enduring basis.
Walnut nn,a lv,Nt - ra,,,n rTo,