The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1886-01-15
THE SILVER QUESTION.

The President Furnishes the Senate Some
Information on the Subject.
WASHINGTON, January 8.-TEe Presi-
dent yesterday. in answer to a resolution
adopted by the Senate December Q, trans
mitted copies OF documents showing the
action taken by him to ascertain the senti-
ments of foreign Governments in regard to-
the establishment of an international ratio
between gold and silver. The corresponds
ence is accompanied by o letter from Sec
retary Bayard to the President i'm which h6
SAYS i'm part: ut has been the object Of
this department and its agents, whilst
avOwing its readiness 10 cooperate, not 50
| much TO impress our own opinions and
wishes upon others as to obtain wolf
considered and independent views fr9m
the most influential, responsible aid
! competent sources in order to lay
before Congress; first. the actual status Of
metallic currencies In the respective Eufos
pean countries; and, secondly, the inten-
tons and policies of those governments IN
relation to the subject, with details Of their
action up to the present time. 1t Is be-
lieved that the accompanying letters from
the Ministers of the United States to Greas
Britain. France and Germany, respectively.
summarize and convey the true condition Of
the opinions and intentions of the Govern
ments and people to whom they have been
severally accredited"
MANTON MARBLES MISSION.
The letter then mentions the designation
of Mr.. Marble as confidential AGENT to OBJ
tain information Oh the subject. and SAYS:
NO separate report by Mr. Marble has been
made, because the results of his investiga-
tions appear fully in tine letters OF Messrs..
Phelps, McLane and PendletOn." The cor
respOndence opens with a letter from Secre-
tary Bayard to MantOn Marble, notifying
him of. his designation to visit Europe ON
the mission above indicated. Letters were
also addressed to the American Ministers at
London. Paris and Berlin, notifying them
of Mr.. Marbles visit and asking their CO.
operation.
ENGLAND OPPOSED.
A reply was received from Minister
Phelps under date of London. October 20,
1885. in which he gives the result of con-
ferences by himself and Mr.. Marble with
the leading members OF Her Nfaiesty's Gov
eminent and SAYS: 'tFrOm these as well as
other sources l am satisfied tina. the British
Government will intlexibly adhere to their
past and present policy in respect to coin
age; that they will not depart from the gold
standard now and so long established; that
they will not become party to any inter-
DatiOnai arrangement or union for the crea-
ton of bimetal!ic standard at q common
ratio between gold and silver for the pur-
pose of making both IN Unlimited legal ten
der, nor adopt such double standard"
FRANCE WILL NOT CONSENT.
A reply from Minister McLane at Paris,
dated October 1, 1855, expresses his opinion
that "whle France would gladly receive the
;,xk hat H. 90
silver to 1 of gold had been reached, no
consideration of future consequences could
induce her to adopt the American ratio Of
16 to 1, still less would she adopt any higher
ratio to assimi,ate the present commercial
or market value Of silver with the value Of
gold, nor would she consent at any ratio
now to permit an unrestricted or even q
limited coinage OF silver at her minis. The
present purpose of her Government and
people is to maintain, II possible, the two
metals ut their present ratio of 15X to
in domestic circulation and international
exchange" Mr.. McLane says that the facts
obtained naturally suggest that the United
States, the greatest gold and silver country
in tine world, should suspend its silver coin
age in order to utilize part Of the Treasury
reserve.
GERMANS SINE Qua NON.
MINISTER IcDufetOu III utS Iepy, 0dIcO
Berlin, October 10, 1856, gives his conc!u-
s;ons briefly as follows: THE adhesion OF
Germany to an international bimetaIlIc
union such as was proposed by the United
States and France in 1854 can scarcely be-
expected. 1t seems to me- within any limit Of
time now to be predicted. The sc0-0pera-
ton of Germany In such union may
be sought with fair hopes Of sue
cess whenever it becomes possible to
include in such union England and Rus
STA, the former of which seems to cleave
tenaciously to her gold mon0metalisnl.
while the latter staggers under the evils Of
deprecated and largely fluciuating paper
money. The adhesion of England at least
is certainly now and would probably for an
indefinite period be regarded by Germany
as sine qua n0n."
The correspondence also includes copy
of the agreement entered into at the Paris
Monetary Convention, the essential parts
of which have been published.