New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-01-11
City was tempted from heavy buIden OF the prev
aIent hord times. h'''o
THE PROPOSED MONETARY CONFERENCE.
NECESSITY foR T--LETrEI TO DIR. LiSDERMAH
PEoM TuR CHAMBER CR COMMERCE.


PEOM TiIR CHAMBER CR COMMERCE.
The lion. Samuel j. RuVgles, Chairman OF
the Committee OF The Cha.+er OF Commerce Oh lncrna
tiou.l C,,,iagr has written letter on behalf or tao
Chamber to Dr. nderran Director OF the United states
mint n which attention Is called to The necessity Tor
monetary conference IN relation TO the relative vdiho
gold and silver. TIE following Is the substance OF tho
lstter:
Early in September last enjoyed tho privilege OF fill
coovcrsation with President Grant 1T Long Branch IN re-
suec to ina equess made to him by the New ORR th
Der If Commerce III May last, thao the G0ycinp,s.
sbould take the necessary measures for assembling
within tic United States an fnternatiOnhi honery co
ference for the purpose others, OF asoi rtsln anu
nrcrrlbing IA nearly AZ would allow, such rel
atiyc values between The gold ana SILVER eo5 %, c,s
yAnus commercial nations "a wonid pcrns inc Iito cir
culaton OF boIn copy OF Ihat request Is sent more
Win. . 80 1900, ,,,ooo.,,o a., ,,,d tina,
on tho occasion referred to was deeply iinpress oy
the unorrng nnd characteristic intuition with when 'nS
resident dispensing With any elaborate statement Oh
confederation Of historical or statistical details scled ~
upon the ore great central ncas a OF n n,ernaona
monetary conference, when cOiid anu "ouiu pi,
scribe and TX just and proper valuation 10 ssrve ~
permanent. guide Tor conducting tho general c"heieo
Of the world. a..
cerncd and admitted the futility and absnrby OF any
isoated effort 81 any separate nation 10 proscriSo "nu
Tie . MONETARY Commission Instituted by Congress.
In July last TO ascertain the casso Ie reefh s G
jonrued from taS guy 10 cG ,nr, when tSey
tinopy w6tca already covers 1900 pages.
In behalf OF the Committee on Coinage OF the new
ynpk CHAMBER of Conmerce (as Chairman beg to
rccur 10 tho fact, vi which yOu are Undoubtedly wei
aware, that very active tLu y ahts us, ~ ,n,ca
The British Parliament - take The !nad At once III
shall Secure for tho British silver coins ~ fixed rate,
aud without limit "a amount NH ltgh egialy
viii ,o,d coin rs legal money and as u legal tender
in tho payinent OF vii debts, pubic or private.
Similar efforts ALTO in contemplation 10 lhdhtc tHo
Gepnian Empire TO revise its action during
fay
exclusively or gold several Ur the Fmauce Ministers OF
France have made unayang efforts to sustan tEc,r
slyer coin at the price liked by of 1903 not
witlsianiiBg paipa5ie depreciation IN mafko, Snne
times nearly 10 per cent until ~ last they nave peeh
compelled 10 suspend its coinage, at least Tor time
In tno vigorous Interpolation or tho present r.
nance Minister by n. De Pirien. he Indignantly tie
nOunces TOO Of deprecated silver ss diaioyat ana
GsnOnOling France. Tie upright ana s.gacl9hs men
WHO csnduct the government OF the Swiss Confederation
ar. believed to entertain tito same opinion.
The urgent necessity for -uch conference tintci
the muEcary history ~ tho world becomes Imperative;
in view II The momcntoGs fact that tho accoss'ona OF
gold aud SILVER within tho Last 80 years DsglhInS n
nat time since the discovery OF America III preoenco
Of these cLCFnUas additions, any previous taooS Oh ho
rrIat,ye VaInts of tho two metals before 1915, become
comvaratYey unnsrHet.yo ANA INSIGNIFICANT IL Is TIE
lressnG gcncrtDn,. That possesses ANA cohtos tcso
l.t tios or gold aud silver which Is solely 10 re-
gue their distribution and use The men OF me present.
Iour charged Nth the rapidly advancing CIVILIZATION oi
tbc human race hyc no rgutto close their cyes on THIS
ighy and pregnant ruth Ot TO remain "cuue 10 Ho
Obsolete facts OF Che pact IT. Is not merely l9ny, rs
crime To ad acre any blind uHrea5'bDE doaty OF an
abstract ratio. ike that OF I5l2 10 l. locally adop,ed ~
coinage OF gold after cmersin. nom the accumulated
aud hopeless bankruptcy Of Tie Revolution
Without atuCug the h,stn iCi examples OF ille lse
and pcrpcAng variations from This rats" experienced IN
France during the reign OF Tie INST Napoleon, 10 s,Ga
stated in the acute AMI Instructive co7'JS vi ''hoI
Cbeyaljey 4. il enough for us Of the present DAY,
who Lived nearly tEroush tic amazing she. Ter
fluctuations of 1870, that We have seen thi'
!oliLrd ratio OF lJla TO /, so absurtly claimed 10
bo inlnu.able, daily sinking downward ana down,
,gar1 r,n more than 20 40 l. SAFELY va ca;l ncril
no further or better instructor to teach s our imperative
and solemn dny, maliny TO srappo az ohco WIZ tio
problem and after ihil sud far oXlatoh o '.ii geo
Facts BIZ q competent au4 Impartial conference u tEc
nations; extract ana dr'uro tha' saio ana Just rhi9
based Oh tbs fundamental ara tA"ino Jaw VI u.
and supply OmnpOtent IN IN" political ccohDihy Ol
the world the Jaw Vi SraTiIation III lis physical sys-
We cannot but indulge the hope that the enterprisns
and sasdciOs ovItb ~ our SILVER mines Will perceive
that this very ratio to Do mus prescribe or all te sT
cottages Of mo world wiz practically and largely er'aLs
that very Of adequate demand yaily needed,
and thereby lurn4h No True ana only Key lOr so!fb ho
problem a,iiaiiI the world.
Thr comprehensive nature OF thi- important theme is
further shown IN The necessity accurately ascertain bs
production and distribution Of all tha Solh ana sfTcr
in all the civilized nations of the earth NOT only IN the
countries on the Eastern wate.s OF the globe all Of
when are united by steam navigation on the oceans
snhcct could rot bc adequately examined and discussed
with any practical permanent rC+us, oy any Isolated
nation, nor indeed without tlo c0:nDintu acuoh o. al
least large majority OF all entitled 10 bc represented
The clear and fully considered report made in July
last by the committee OF the House OF commons on
which the Eight Hon. Sir Gosohcn Is hartman With the
Testimony ANNEXED, shows the anGunt "I Soiu com
now existing. to Ice 41jOOOOUUp, cr fE,1)oofOo', ahu
OF silver he $3.50 OUO, 900, or - 30puDocc IL also
sirkngy shows the S!eaJ pcrturbaUEs III The BTluSh
monetary ccies pldIced 10y tao recent depreciation OF
silver India and China which countries are stated M
an appendix attached 10 tine repCr to have received
from England and France during the last 2l years
3fg9.CUU 900 sterling, In silver. beng very nearly
81 600 10000. Tie III fnaliUpa! aud Wor-Hdc con
terence for liking the relative values Of silver ana gold
Will necessarily survey and take ntO fdll consideration
the monetary condition aud necessities cr the vast por-
ton OF tht Oriental aud Australian world now under
Rrilsh rule. already peoped by nearly II not quite
2OOO0o1OO of inhabitants. and steadily growing not
mbers but N some al the higher Industries OF
civilized man.