Indianapolis, Ind., Jan. 25.- The monetary conference which opened in this city at 3 o'cloek in the afternoon is the result of a mo vemen t started by the Indianapolis board of trade a little rtiore than one year ago. This commerbody took upon itself the inauguration of a movement whose primary purpose was monetary reform. Without any assurance that the object of its endeavors would be realized in a national sense, the board of trade issued invitatioiis to commercial organizations of the central west which brought together the nucleus on which today's national convention rests. The eities sending representatives to the flrst conference were Cincinnati, Chicago, Cleveland, Columbus. Grand Rapids, St. Louis. Indianapolis, Louisville, Milwaukee, Minneapolis, St. Paul and Toledo. Governor Shaw Presides. This last convention was called to order by Executive Chairarían Hugh H. Hanna. The convention was welcomed to the state by Governor James A. Mount. Leslie M. Shaw of Iowa presided and delivered a lengthy address to the delegates. Delegates arrived who were not previously announced and the whole number will probably reach 400, which is a third more than a year ago. Some of the eastern boards of trade at first declined to send delegates because they did not think it was necessary, but the taking up in the senate of the Teller resolution, delegates say, for the payment of bonds in silver and sent strong delegations. Delegation Kxceeding the Limit. Several States came here with delegates exceedïng the limit set by the executive committee. One of these is Iowa, where one city is only entitled to three delegates; it sends twelve, who will have a quarter of a vote each. The south is represented by delegates from Texas, Arkansas, Tennessee, Kentucky, Missouri, North Carolina, Virginia and several other states. Ther appears to be a strong feeling that the reports of the monetary commission should be endoreed by the Republicana without qualification. There are differences over certain provisions of the bill introduced by Representative Overstreet, but most of the delegates declare that currency reform is of such importance that united action should be taken to secure consideration of the bill by congress.