The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-01-12
BIMErALLIC CONFERENCE.

Senator Teller Wants One Called by the
Presidents of the United States.
WASHINGTON. Jan. 11.--In the Senate, to-
day, Mr.. Teller introduced joint resolu-
tiOn providing for an international BIZ
metallic agreement. The joint resolution
was read. 1t declares it to be the deter
mined policy of the United States govern
ment to use both gold and silver as full
legal-tender money, either under the rates
now existing in the United States OF under
one that may hereafter be established by
the United States alone or in accord with
other nations. 1t directs the President to
invite the governments of the countries
comprising the Latin Union. so-called, and
of such other nations as he may deem
advisable, to join the United States
in Q conference, and to adopt a
common ratio between gold and silver
for the purpose of establishing information
ally the use of bimetallic money, and of
securing fixity of relative values between
those metals. The conference is TO be held
at such tplace as may be mutually agreed
upon by the executives of the various gov
ernments. Whenever these governments,
or any three OF them, shall have agreed 60
unite upon, and whenever in the judgment
of the President a sufficient number of ma
national agreement the President is to de-
clare the ratio SO fixed to be the existing
ratio in the United States. and all coinage
thereafter is to be at such ratio until
point, subject to the approval of the SEN
ate, not less than three nor more than five
commissioners, who shall report to him,
whose report shall be transmitted to Con-
gresss and who shall each receive IS. 900 a
year and reasonable expenses.
eaid haf hsah had on ha of
July last presented to the Senate and had
referred to the finance committee similar
resolution. 1t had slumbered in that COM
mitree until the close of the session. and
he was not overconfdent that the present
resolution would receive any more atten-
tion. He believed In an international agree
ment. if it could be secured; but he did not
intend to rest the case entirely on an inter-
national agreement. He was not prepared
to surrender the effort to secure free COIN
age and full recognition of silver in this
country until an International agreement
could be made. He wished no one to mis-
understand him. or suppose that because
he was in favor of q bimetalli agreement
States should sit down and fold their hands
until such an agreement was made. for be
did not so believe.
Mr.. Stewart submitted statement in
connection with the resolution which he
had offered last week instructing the ju-
dietary committee to inquire what further
legislation was necessary TO secure the
coinage of silver provided for under the
Bland act.
Mr. Mitchell asked Mr.. Stewart If he was
quite certain that the act of 1890 did not re-
peal that portion of the act of 1878 (the
Bland act) which applied to the act of
1887.
Mr.. Stewart replied that 1t certainly did
not. 1t only repealed specific portion of
the act of 167S-that referring TO the pur-
chase of from 1000. 900 to 100000 of silver
per month-leaving the rest of the act in
force. The resolution was referred to the
finance committee.
Senator Aldrich presented the remon-
STRANGE of the wooden manufacturers OF
New England against any agitation of the
question of the duties on wool 1t was or
dered printed as document and referred
to the finance committee.
Mr.. Perkins presented q communication
from Mr.. Ryan, the American minister tC
Mexico, to the late Senator Plumb. sug.
gesting that it would be a generous and
neighbOrly act to return to Mexico the
trophies of war captured by United States
troops in the Mexican war of 1S47. Mr.
Perkins said that he did not know that he
Endorsed the expression. The letter was
referred to the committee on foreign rela.