The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-11

CONCLUDED FROM FIRST PAGE)
Gratis should hold the convention early,
take a bold stand on the issues that viii
predominant in the campaign of 1904, and
put the Republicans the defensive But
this will not prevail The Democrats will
wait until the Republican candidate has
been named and the Republican platform
proclaimed.
According to the close friends of Hugh
II. Hanna, of Indianapolis, head Of the
Monetary League, he has abandoned hope
of getting any action by Congress at this
session favorable to asset currency. He is
hopeful, however. of inducing Congress to
make provision for the continued existence
of the commission of which he was
member last year. This commission con-
sisted Of three members, the others in addi-
ton to Mr. Hanna being Professor jerks, OF
Cornell and G. A. Conant, of New York.
They We're appointed for the purpose of
visiting the principal governments of the
world in an effort to obtain an interna-
tional agreement for the regulation of rates
of exchange between countries using gold
and silver. The sum of $4,000 was appro-
priated a year or so ago for this purpose.
1t has been exhausted, and now Mr.. Hanna
wants another appropriation. this time OF
100000. He believes the benefits to follow
the establishment of automatic rates of ex
change would be sufficient TO warrant this
government in expanding the additional
widely between the countries using gold
and those using silver that IL completely
upsets business and commerce. During a
recent visit TO Washington, Mr. Hanna con-
ferred with Representative Hemenway and
was assured by the latter that he would
do everything possible to secure the appro-
priation desired.
A demand comes from various sections of
the country for the repeal of the national
bankruptcy act. Business men particularly
are opposed to the statute. Several re-
neal bills have already been introduced
and it is understood that a strong effort
will be made 10 pass one of them. The
argument is made that the bankruptcy act
has been on the statute books long enough
to accomplish its purpose. Enacted shortly
after a serious depression in the country
II is urged that relief has been extended
wherever il was deserved, and that conse-
quently the law should be repealed. SEN
ator Clay. of Georgia, contends that the
life of a bankruptcy law should be limited,
and that a permanent law on the subject
has a bad effect. There is certain to be
vigorous resistance to the movement for the
repeal of the law.
Representative Zenor. of Corydon. de-
clares that there is no truth in the reports
that he may retire from the congressional
race. mo one has any authority to make
such an announcement" said Mr. Zenor
Il have not even limited to any one that 1
would not be a candidate for reOminatiOn."
And thus is another lie nailed" said a
well-knOwn Republican of the Third Indiana
district. who recently was in Washington
II did not put any faith In the report that
Mr.. Zenor would not be a candidate. He
has been on the public pay roll for To- these
many years. and 1t would be a great shock
TO people in our neck of the woods If he
showed any inclination to draw his sub
stance in private life"
=
There has been much discussion here in
recent years over the plans for civil pen
sion list to provide for superannuated clerks
in the government service. Bills have been
offered in large numbers for this purpose.
Among the plans suggested is TO set apart