The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1892-06-09
It is Likely to Solve the
Question Of Free
Coinage.
Leading Nations of En-
rope to Take Part.

With Great Britain, the Neither
lands and Belgium accepting the In
vitation for = monetary conference,
there IL no doubt that it will be held.
Neither Germany nor France will de-
cline, because, after all, in finances
England is the controlling power in
the old world, and next to it is Hcl-
land. France has more general
wealth than Holland, but it has not
half 80 much for foreign Investment
Wslook to this;confsrence to settle
the silver question. We believe that
when the members come together II
will be found that about the only
point Of difference among them will
be ~ to the ratio which shall be e.
tablished between gold and silver,
and We presume that one or two In
the commission will insist upon some
plan which will leave gold the uni
versal standard, but to give to silver
such enlarged use as will practically
absorb the world 9 present supply and
its product for the future. This ne
look upon ~ = futile idea. The chief
worth OF money is its recognition,
and when silver has not full debt
paying power the same as gold there
is no use in using II at all except as
token money !; it would be just as well
for the nations to issue greenbacks-
In order to broaden the basis Of the
worlds money silver must be received
as money with the same debt-paying
power as gold possesses.
Possibly the result might be reached
by Withdrawing both metals from
circulation, except such silver at
might be needed in change, and hav-
. ling the nations issue common cur
rency interchangeable throughout thu
world, and backed in the treasures
by deposits of gold and silve
bullion. 1t would probably be SAT-
T on every dollars worth of gold o
y silver SO deposited to issue thre
\ dollars in paper; about the right wa.
:. to reach that would be for an ex
n animation by the commission to se
y how much specie reserve the differen
u nationa have, and the amount Of pape
1t those nations have in circulation.
J, One idea embodied in Senator Fee
le tons bill the other day will, whe
elaborated, be found : correct one
:. His proposition was to issue oertai
number of dollars per capita for th
people of the country, that amour
~ per capita to be kept good as the nj
~ ton increases in population.
=. would be exactly the right thing, pr
AZ vided the money Of the country VI
g generally distributed. As it is at Il
," present time, it is partly delusiol
10 because, through the demonctizatit
of silver and the consequent appreci
~ ton Of gold, property is 90 low
ay compared With gold that the men vi
=" have money dare not invest 1t, Al
~ the result is that the people at lar
'fe have no reasonable proportion
)" their amount per capita Of the mon
actually in the country. The thoue
,s~ behind it should be that mon
~, should be SO plentiful that m
or would prefer to own property ratl
:, than money. At the same tin
mt whatever money there may be mi
20 be good moneys good as gold.
n+s The conference, II rightly handle
tho and if composed Of the right nj
will add q new and most import
chapter to the financial literature
ut the world. Salt Lake Tribune.