Omaha daily bee., 1899-04-17
ALL KINDS OF CURRENCY BILLS
Important Conference of Committee on
Monetary Legislation Begins Today,
FINANCIAL EXPERTS TO PROPOSE PLANS
VIII Appear before the Commission
to Recommend scheme for the EX-
pansIon of Currency-Mcm-
bers of the Committee.

ATLANTIC CITY, n. j., April 16.-The
committee on monetary legislation appointed
at a caucus OF the republican members OF
the national house Of representatives shortly
before the adjournment of congress will be-
| gin its session in this city tomorrow. Gen
era David r. Henderson of Iowa is chair
man and the other members of the COM
mittee are as follows: John Dalzell, Penn
sylvania Zereno E. Payne, New York;
Jesse Overstreet. Indiana; William Lover
! ing, Massachusetts,; Charles Curtis, Kan
sas: Page Morris. Minnesota; Eugene +.
Lout, California; r. b. Hawley California;
j. w. Babcock. Wisconsin, and Kerr. Ohio.
| The committee is considered to embody
the sound financial thought of the repub
lican side OF the house. Messrs. Henderson
and Dalzell make. with Speaker Reed,
majority OF the committee on rules Mr..
Payne is chairman of the committee on
ways and means, and several others are
| representative 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 parors. The gatherings
will be private and will probably be irreg-
ular and the work assigned to the members
partake more of the nature of a conference
and as the committee is not a public one it
will only give out such news for publication
as best suits its purpose. 1t is expected
that the sessions will last not less than
two week and they may extend much longer
All Kinds of Currency Bills.
The committee may decide to perfect
bill to meet the situation, or it may outline
measure and adjourn to meet again in
year. 1t will have all the important bills
Lon ha,
the last congress, including the McCleary
bill, which was reported favorably to the
house by the banking COMMITTEES; the Hill
bill. which 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 bank
| ing who is no longer member of congress.
Mr.. Overstreet, who has given the subject
much attention, has prepared a comparison
of the principal features of all these bills,
which will be of much value to the COM
mittee.
There has also been secured from the
Treasury department a great mass of valu-
able financial data including the reports of
the secretaries. comptrollers Of the currency
and directors of the mint. In addition, the
committee will have at its command COM
pete codiication of the existing currency
laws. Although only three or four members
are here tonight 1t is expected that all will
arrive by tomorrow. Mr.. Loud reached here
tonight
1t is expected that many distinguished
hnanciers will be given the 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.
Fl. n Hanna and other tati i've
| of the executive committee of the Indian
apols monetary convention will be here
during the session to urge the bill OF the
monetary commission. This bill was framed
by commission of which ex-senator George
F. Edmunds was chairman and which in
cluded eX-Secretary Fairchild of New York,
C. Stuart Patterson of Philadelphia John
w Fries Of North Carolina and other fnan-
cial experts.
: Monetary COmmission's Report.
Mr.. Hanna was directed at a recent meet
ing of the Indianapolis executive committee
to urge the adoption of the report Of the
, monetary commission. but to accept modi-
tications not inconsistent with the principles
OF the bill.
These principles relate to the enactment
OF the gold standard into law the protection
{ of the treasury against gold raids, by means
| of more definite and greater provision for
greenbacks, and the adoption of an adequate
3 and flexible currency for the future needs
of the expanded republic. 1t is said to be
probable that each Of these topics will be
Z 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 represented in the make III
o! the committee and that its action will
in great degree bind the republican party
may produce a conservative tendency bu
the pressure for some means OF meetin2
currency needs is being strongly felt il
Washington and the treasury officials are
reported as determined to urge upon tn,
u, committee the necessity OF making full pro
: vision for putting the currency on an en-.
during basis