The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-11-23
UNITED STATES TREASURER.
Hon. Ellis III. Roberts Heard on s'The
Parity of Our Currency

The final session of the convention was
formally called to order few minutes
after II o'clock yesterday morning by Pres
ident David A. Coulter, who announced
that inasmuch as Mr.. Alvah Trowbridge.
of New York, had been unable to get to
Indianapolis to address the convention the
next order of business would be taken up
at once-the address of Hon. Ellis II.
Roberts, United States treasurer, on 1.-The
Parity of Our Currency" Mr. Roberts
presented a striking picture as he stood
on the floor of the convention delivering
what was pronounced to be one of the
most eloquent and scholarly addresses ever
heard here on the subject OF finance. The
speaker is a man of very advanced age,
yet perfectly erect of form and seemingly
stalwart of frame. His slow, dignified, i'm
pressive manner of speech quite harmon
lied with his hair of literal snowy white
ness and his neatly trimmed beard of a
slightly darker hue. In addition Mr..
ness and brilliance of which age has not
dmmed one whit. AS he plunged deeper
and deeper into his address the speakers
eyes roamed about over his large. audi.
ence, compelling the closest attention of
those upon whom they rested even for an
instant.
The address was in full as follows:
''The presidential election is over Now
we can talk about financial questions free
from the charge of partisan purpose. In
deed, party lines are stricken down. We
all rejoice that the gold standard is main
The demons of uncertainty and distrust
are banished from bank and office, from
mill and factory, from farm and all the
marts of trade. So your vice presidents
testified for all districts of the State yes
terday. Confidence presides over money
and business and good will is abroad I'm the
L. and oh q h. n.
stands self-poised ready for its high mis-
sion. Sinking no duty true to it's worthy
obligations. We may al as citizens of a
common country take up the tasks and
problems of our vocations, undisturbed by
threats of disaster, on the solid ground of
common sense. The parity of our currency
may deserve attention for the fraction of
an hour at our command.
1T is privilege and pleasure to mingle
with you in social intercourse during these
two days. One who talks about sound
money may be sure of sympathetic and in
telligent auditors in this State, where be-
fore the civil war a good banking system
prevailed and bank notes were current at
par when red-dog paper and wildcat
methods were rampant In many other
parts of the country. And in the recent
discussions Indiana has been q leader in
favor of wise legislation and honest adj
ministration.
'sThe money in circulation In the United
States by the official report for Nov. L.
was s2.1S91 Sl.4l2. an increase in twelve
months Of s175. 4s5. 264. OF this sum ss37-
367 232 was in gold coin and gold certih-
Gates: $421 ,Ss0.745 in silver certificates; s73.-
479 400 In standard dollars; $S1, 035. 1s7 in
subsidiary silver: S65.47s. 4eO i'm treasury
notes: S335 06l In United States notes.
and i'm national bank notes. S32s. 375 25S In
addition not included in the footings were
June 30 1-cent bronze pieces outstanding
to the amount OF 1882. $685.. and scent
nickels. SIC. 62S 323 So
THE GREATER CURRENCY.
Vast as Is the volume of money afioat
in only a small share OF business trans
actions is actual cash used. For by far the
larger part credit paper of various kinds