| Show financiers AT indianapolis delegates from boards of trade in con bention ven tion arrangements completed for a general conference to bo held in january iho retirement of greenbacks the first hove to contract alio llio currency indianapolis dec 1 A aa lional commercial convention will be held in this city early nejat year probably january 12 for the purpose of suggesting such legislation aa be necessary to place the currency system of the country on a sound and permanent basis this action was the practical outcome of the called by the indianapolis board of trade which finished its work today the formal call for the convention will be issued in a few days by a subcommittee sub committee of delegates at p justus 0 adams dent of the indianapolis board oi trade called the conference to order and secretary smith called the roll of cities president adams then read an address in which he stated that iu view of the recent election the people want a stable currency and with such an end in view the indianapolis trade called the conference he hinted that the retirement of the greenbacks is a step in the right direction president adams eaid farther within the last thirty days the people of abia country have shown that they are unalterably opposed to a cheap and fluctuating dollar of an uncertain value and that they ara not disposed to follow untried paths that lead to beai ness unrest or new departures depar turea in financial theories that only end in national dishonor and a depreciated currency we must not take this overwhelm in t expression of the people however as a final and complete settlement of the issues involved noraa an unquestioned acceptance of our present monetary tem but rather as a protest against a step backward between the lines of the returns ot the recent election there i is shown a pronounced sentiment favoring currency reform with an evi dent purpose on the part of the conservative serva tive and reflective men to examine into our national finances and remove with the least possible delay whatever weakness or defect may appear different view ar entertained as to the method of procedure and details of plane in the matter of currency revision but after our grievous and costly experience we are forced to the conclusion that the time lias now arrived when the government must either discontinue the banking business with its expensive and complicated system or go into it on a broader better defined and mure comprehensive scale the game is not worth the candle the burden is too heavy to be safely borne and no individual corporation or government can conduct business on a pound and aate basis who has demand notes calling for millions of dollars in existence and circulation cu lation which notes are liable in a period of stringency and panic to be brought to alie counter for redemption and when redeemed are ibus acting as a standing menace to the government reserve and a continual threat to the trade and business of the country causing disturbance and unsettled values of every character politicians are proverbially timid even to the verge of cowardice and are often indisposed to consider economic questions or acts on matters of national policy unsupported by public sentiment but when anat sentiment is crystallized and given definite shape by the 1 mercial bodies and business of the nation it becomes a moral force and reorganized power which our law makers will not ignore or refuse to heed it would be sate to predict that our national congress would receive the well matured fully considered and practical active successful men of affairs who were in touch with the trade and commerce ol 01 the country us an authoritative declaration favoring a reconstruction of our financial methods and system and give it the thought and attention its importance demands upon motion of delegate smalby 0 st paul each commercial organization present was allowed three ex governor stannard ot missouri was made permanent chairman secretary smith of indianapolis wag made permanent secretary mr smalley offered a resolution to the effect taftt a call bo issued inviting representatives from each commercial body of cities of the united states of over to attend a national convention to be held in indianapolis in 1897 to discuses the financial question to offer remedies to congress the appointment of a commission to prepare remedies delegate tanner of indiana presented an amendment to that part of sir smal leya resolution which referred to the representation of the varies cities mr tanners amendment recommended a representation according to the population of of cities 0 and over to be represented which would make a conen lion of about 1200 delegates the amendment was accepted by mr smalley and it was referred to a sub cora cittee which was appointed by the conference to consider and report upon it ex attorney general miller and john R wilson both of indianapolis ad dressed the conference at some length at the close of mr wiliona wilsona Wil sona addred ad dreB mr smalley of st paul offered reeo lution calling a national convention A difference arose over the method of representation and the question was finally referred to a committee composed of M E ingalls of cincinnati H H hanna of indianapolis F T roots of connersville Conners ville E V smalley of st paul and mr bausman of chicago the committee reported a resolution declaring it the bense of the conference that a general convention of commercial bodies be called al indianapolis on january ath for the purpose of suggesting such legislation as may be necessary nece esary to place the currency system of the country upon a sound and permanent basis the details of representation were left to an executive committee this executive committee formed a subcommittee sub committee of indianapolis delegates who will issue a formal call in a lew days this executive committee met tonight and adopted the following basis of representation one delegate of cities of from to two delegates for cities of from to three delegates for cities of from to four dele grate for cities of from to five delegates for cities of from to six delegates for cities of from to seven delegates for cities of from to eight delegates for cities of from to twenty deletes for cities of or over it was found that the hall could not be assured on january ath and the date was left to a local subcommittee sub committee it probably will be fixed at january |
