The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1886-01-09
SILVER AND GOLD.
Sentiments of Foreign Gov
ernmentS.
THE DOCUMENTS SUBMITTED
Hauged-Not Settled AN .Emeute-
On suspicion-'A Hurricane
r Workingmen- Wrecked.
The Coinage Inquiry.

WASHINGTON, January THE Pres
ident, to-day, in answer to resolution
adopted by the Senate December 9th,
transmitted copies of documents show
ing the action taken by him to ascer-
tain the sentiment of foreign govern
ments in regard to establishing an inter-
national ratio between gold and silver.
The correspondence is accompanied by
letter from Secretary Bayard to the
President. in which he says in part /:
1T has been the object Of this depart
ment and its agents, whilst avowlng our
residence to cooperate, not so much to
impress our own opinions and wishes
upon others as to obtain well considered
and independent views from the most
influential, responsible and competent
sources in order to lay before Congress
first, the actual status of metallic cur
reneies in the respective European
countries, and secondly, the intentions
and policies of those governments in
relation to the subject with the details
OF their action up to the present time.
1t is believed that the accompanying
IRON ministers of the United States to
| Great Britain, France and Germany,
respectively, summarizes Z and con-
Wy NhC " NC aCoDQAllOA Va bnC OpAllOA
and intentions of the government and
people to whom they have been sever
ally accredited" !. The letter then men
tons the designation of Mr.. Marble as
confidential agent to obtain informa-
ton on the subject, and says: mo
separate report by Mr.. Marble, has been
made, because the results of his investi
cations appear fully in the letters of
Messrs. Phelps, McLane and Pendle-
ton" The correspondence opens with
letter from Secretary Bayard to Man
ton Marble, notifying him of his desig-
nation to visit Europe upon the nus
SION above indicated. Letters were also
addressed to our ministers at London,
Paris and Berlin, notifying them of Mr..
Marbles visit and asking their cooper
alton. A reply was received from Minister
Phelps, under date of London, October
Goth, 1885, in which he gives the result
of the conferences by himself and Mr..
Marble, with leading members of Her
Majesty's government. He says, from
these. as well as other sources, am
satisfied that the British government
will infexibly adhere to their past and
present policy, in respect to coinage;
that they will not depart from the gold
standard now, and so long established;
Iudb lucy Will uOL DCCOulC q party " any
international arrangements, or union
for creating bimetallic standard, at
common ratio between gold and silver
for the purpose of making both an
unlimited legal tender, or adopt
such double standard in Great
Britain. On this point both political
parties quite concur, and l believe If
either were to attempt to introduce such
q departure from the existing money
standard it would be driven out of
power by the force of public opinion"
The reply from Minister McLane, at
Paris, dated October 18th, 1885, ex-
pressed his opinion that: while France
would gladly receive intelligence that
the United States would adopt the
French ratio of 1515 of silver to one of
gold, no consideration of the future
consequences could induce him TO
adopt sixteen to one; still less would
she adopt any higher ratio to assimi-
late the present commercial market
value of silver with the value of
gold, nor would she consent now to
Kermit an unrestricted or even limited
coinage of silver at her minis. The
present purpose of her government and
people IS to maintain, if possible, the
two metals at the present rate of 151z to
Is in domestic circulation exchange.
Mr.. McLane says the facts obtained
naturally suggest that the United
States, the greatest gold and silver
country in the world, should suspend
its silver coinage.