Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1878-07-05

Of trade in favor OF the United States
for this Year Of Sl9O,650,343. The
same statement shows the amount Of
gold and silver coin exported from the
United States during the same period
to have been $50, 230, 997. while the inn
ports Of specie have for the same
period been S2S,829,530 showing II
excess Of exports Of precious metals 81
$500, 667. This is the largest balance
i'll favor of American trade exhibited
for many Years.
THE SILVER CONFERENCE.
Washington dispatches Of June ~
says that some days ago Secretary
Evarts issued invitations to MeSsrS.
Groesbeck, Fenton, and Watkins, COM
missionerS on the part of the govern
ment to the international monetary
conference, authorized under the silver
bill, to come to Washington for thepur-
pose Of receiving information regarding
the conference. Mr.. GrocSbeCk arrived
here last night and this morning called
upon the secretary To pay his respects.
! Up to this afternoon Fenton and Walk
er have not arrived, though they are
both expected here tonight. To-mor-
row the other comm lSSioncrS will meet
the secretary of state nj his office, when
Il formal talk on the matter will be in
dulged in. Secretary Sherman willalso
be present ut this meeting. 1t Is pro-
posed to give to the commissioners lust
such information concerning the cont
ing conference as is now possessed by
the state department, W.; The num-
Der of nations that have accepted
! the invitation to take part in the con
ference, the terms of their accep;anees,
the correspondence with them, and the
standing to lie accorded TO the respcc-
tive commissioners. The law provld-
ing for the conference will also be read,
and the duties of the commissioners
explained to them. One of the com
missioners, III Il conversation tonight,
said that 50 far as lie knew the commits
SionerS were not to he allowed any midi
vidual discretion with regard to the re-
monltization of silver. ana that this gov
eminent having but recently by act of
congress agreed to the reconciliation of
silver il was not reasonable to suppose
the discretion would We given
to any three commissioners TO undo
or recommend to other countries the
contrary of the recent act of this
government The real object of this
conference, lie thought, is to afford this
government III opportunity Of formally
announcing to the world its action III
remonetizing silver, and urge upon
other nations the proprety of adopting
an international relative standard be-
tween gold and silver. Atpcsent there
are four different standards, and the OBJ
lect is to agree upon one. Of course
the agreement Of the conference wllnot
regarded us final. On their return here
the commissioners will file their report
with the secretary of state, and the mat
| terwill be laid before congress. 1t is
| then for congress to ratify or reject the
agreement, il any, Of the conference. AS
near us can be now judged, the con
ference will he held ut Paris on the 18th
of next month. All commissioners will
be admitted, it is thought upon the
same footing. Russia, Austria, Hun
gary, Italy, France, Greece, SWitzer-
land, and Holland will participate i'll
the conference. England will also send
representatives, but will maintain diff
ferent position from the rest. Her com
missioners will be more like lookers-on
in Venice. England desires 70 pursue
q more cautious course, and does not
wish to put herself i'll a position to be
bound or compromised, 10y the action
of the conference The English gov
eminent, however, will consider the re-
I Ion ~ NIL l,lt - ~
orrelect the terms Of the agreement in
the end. 1t is also hoped that Germany
may come in as Il looker-on. All pre-
liminaries will be settled tomorrow.
There seems to be no definite idea is to
how long the conference will last.
TIE INDIAN Ri REAU TRANSFER.
A Washington dispatch Of June ~,
says the joint commission to consider
the feasibility of removing the Indian
bureau to the war department has fully
organized. Senator Saunders is acting
chairman. In conversation Senator
Saunders said that There would not be
any meeting Of the committee at pres
ent, and that he intended to leave for
| Chicago to-day or tomorrow, where he
will meet Senator Oglesby, who is chair
man of the committee. Messrs Oglesby
and Saunders will hold a consultation,
and will decide when and where the
first meeting Of the committee will he
held. It is expected that the commit
tee or at least a part of it, will visit
some Of the western frontier posts in
order to take testimony in regard to
4 the matter.
INTERNAL REyENCE.
A Washington dispatch under date
Of June 9th says that the internal
revenue for the present fiscal year ag-
gregated SloO,G00,742. As only two bus
mess days remain in the year, il il evil
1 Ipnt pvpn aftpr all tha rnt,,rnS arn 49,