The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-05-09
BI,METALLIsM
AND THE nONErART COSEERESCE.
what Financial Experts at Washington
Think AbOul the Probable Oq'eome
Of the COuhcII-PrOceedInEs
b -' or the, BeaaIOu Saturday.

WARRINGTON, May7.-Monstary expert
here are disposed 70 consider the PaTi
International Monetary Conference
failure, The American Commissioner
went abroad with the avoWed purpose o
inducing the leading European countries
to join the United States in establishing
an international standard Of the relative
value Of gold and silver, f-' -
England refuses absolutely 10 enter into
negotiations whose possible outcome may
be the establishment Of such an inter.
national standard, Germany insists that
gold shall be the only metal employed aH
q medium Of exchange. Itis not probable
that either, hardly possible that both, will
change their positions. Without the co.
operation ofone Of the two, II not both,
the establishment aud maintenance ol
such an international standard Of relative
value is impossible. Therefore the Con.
gress, like It's predecessor, 10 practically q
failure,
Said q prominent bi.metalist, who ad.
yocated Rtrougly and persistently while in
Congress the double standRId, and who
now occupies high Office in the Govern.
ment: ~ felt so deeply interested In this
conference that was strongly moved to
ask Congress 10 make me Commissioner
10 1t without pay. II could have spared
the time from my duties here | should
have gone whether commissioned or not.
] felt IS Senator Jones, Of Nevada, felt. He
regaIdeait Of 90 much Importance 10, our
country and 10 the world that he was sad.
ly disappointed when he found that he
could not attend lts sessions. hope ia
deliberations will result In the adoption by
the Nations o! an international bi,metallio
standard. The praCtlcabllity oil 1t, the ne.
Cesaity OF II, are 90 apparent 10 me that |
can scarcely listen with patience to those
who deGry both. 1t 10 not theoretical, 1t
Ia not Chimerical-it is not the dream Of o
doCtrinaire. II Is o practical, possible
thing. The case is that OF an auction.
All the persons present are bidding
on every article offered, against
each other. Let them all agree upon
price for each article, for any oAe article
and cease competing, and that becomes,the
price. That 10 the standard reached, you
SEQ, by . rude counterpart ot the Intelna'
tional Monetary Conference. II Is posi-.
bic, OF course, that the latter may be q
failure. Itit is I shall be o strong advo.
cate Of the immediate cessation OF the
coinage Of the silver dollar. will urge
that Il be diminished from $2,0O0,0O0 .
month 10 nothing. Then let their gold
aow into our country In exchange for our
exports, until they have, 10 speak some.
what hyperbolically, nothing but silver. !
venture TO say that another International
Monetary Conference would not be 90 un.
successful 40 the present one." ......
InasmuCh as this man has done as much
as Any other 10 maintain the coinage Of the
silver dollar Of the present rate, what Ire
says may be takeT as outlining the posi-.
BILE course ot American bimetRllistd In the
probable event that the Paris Conference
10 q failure. -
PARIS, May TAT the Monetary Con.
ference to-day, Cernuschi, French dele.
gate, and Dana Horton, United STATED
delegate, proposed that the representatives
at tie Conference should furnish statistics
Of gold and silver coined IN their respective
cbnntrles, The proposal was adopted.
Mynheer Plerson, representative Of Hol.
land, made striking speech in favor Of
bimetallism.
Pirmez, Belgian delegate, replied, urging
the maintenance Of the status quo. Pirmez
having Infatuated that States which hada
forced paper currency favored bi.netalliem
as means Of extrlCatlng themselves by
the adoption Of deprecated white metal,
sslsmlt Doda, the Italian delegate, replied
that Italy 10 sending delegates had no idea
Of doing 0 stroke Of business, but only Of
furnishing her quota OF experience towards
the settlement Of the question, which con.
cerned not the present amount only, but
the future OF q we'll organised interna.
tional currency accepted by oil States.
The next sitting of the Conference will
take place Tuesday. The delegates will
visit President Grevy and the Bank ol
France Monday next.