New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-01-12
FOR A SILVER CONGRESS.
Mr.. TELLERs JOINT RESOLUTION FOR AN IN
TERNAuoNAL CONFERENCE.

TERNAUoNAL CONFERENCE.
Washington, Jan. 11.-Mr Teller to-day introduced
in the Senate Joint resolution providing for an inter
national bi.metac agreement 1t declares 1t to be
the determined policy Of the United States Government
to Use both gold and silver as full esntender money
either under the rates now existing IN ue Chloeu
States or 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 Govern
ments OF the countries comprising the Latin Union
(socalled) and OF such other nations he NAV deem
advisable. to Join the United States in con-
ference and TO adopt common ratio De
tween gold and silver for the purpose OF establish
ing internationally the OF b-metallic money
and Of securing fxlty OF relative values between those
metals. The conference IS TO be held Mt snch place
may be mutually agreed upon by the Executives OF
the various Governments Whenever these Govern
ments any three OF them shall have agreed 10 unite
upon and Whenever in the judgment OF the PRESIDENT
sufficient number Of nations shall have entered into
such international agreement the President Is to de
clare the ratio fixed to be the existing ratio In the
United States and all coinage thereafter Is TO be at
such ratio until changed by law The President Is 10
appont Subject 10 the approval OF the senate) nd
less than three nor more than Ave commissioners VINO
shall report to him Whose report shall be trahsmt'h
10 Congress and who shall receive $4,000 year ana
reasonable expenses.
Mr. Teller said that he did not desire to ask action
on the resolution without It's going TO regular com
mittec but he desired TO call the attention OK the
Finance Committee to IT, lie had on July ii last
presented TO the Senate and had referred TO the
Finance Committee a similar resolution III nan
slumbered In that committee until the close OF ule
and he was not ovcrcondent that the present
resolution wonld receive any more attention. IL was
repeatedly said that everybody In the Cnied S'aes
who favor of free cinage was IN favor OF the
use OF slver II It could be safely used and also said
~, AMY hc tome
agreement The opponents OF free coinage had never
however, taken any step toward securing such agree
ment lat least not since ss). But he hoped Sac"Su
cally now that the Finance Committee was cofnpoS7d
OF men who either all OF them In FAVOR OF Tree
coinage or I'm favor Of bmetalc agreement (a free
coinage men In favor OF bmeallic asiomehV
that the senate would get speedy report from the com
mittee lie believed In international agreement II
II couh be secured but he did not Intend TO rest ue
case entirely on International agreement. lie WIS
not prpsred surrender the effort to secure Tree coinage
and full recognition Of silver in this country uh' an
| International agreement could be made That agree
meht was step which the opponents OF Tree co'nase
said ought To be made. and he was no" BN'ns '''' "
opportunity to make IL.
Mr. stewart submitted a statement in connection
with the resolution which he had offered last week. In
! structing the Judiciary Committee to inquire Wnas
further legislation was necessary TO secure the co"s'
| az silver provided for under the Bland act a., -
NJ Michel asked Mr. stewart II he was quite Ger,
tain that the act of $50 did not repeal that portion %
The net OF 1873 he Bland ac which applied to the ACT
/ of -J1. . .-,.,- A., m. =,
Mr. stewart replied that II certainy aiu Ho'.
oi, rcnealed a specific portion Of the act OF 1873
tha referring to tho purchase Of from two u ION,
millions OF silver per month--leavmS the resi- Vi ''c
act In force. =, -. ~, Glow
MIR Morgan said that from the reading OF Mr; stcw
art, memorandum lie was satisfied that tial STnao
wa, right and that under existing law citzci, nv,
rsh 10 have their silver coined at the mint at inc '
| Of il2 - grains. - ,,~,.....o co,,
! mttec.