The advocate., 1892-06-15
MONETARY CONFUSION.
Report Of tho United States Monetary
Commission, Appointed by Act Of Con-
gresB August 10, 1915.

tary commission created under the joint
resolution Of August Is, 1915, submitted
the following report:
The commission created under the joint
resolution Of August 10, 1875, submit
the following report:
The resolution creating the commits
sion and defining It's duties was as fol-
lows:
ReSOlved, bv the senate and house Of repre-
eentdtSUes. That commission Is hereby author
lied and constituted to consist Ofth senator's,
to be appointed by the senate; three members
Of the house Of representatives, to be appointed
by the speaker; and experts, not exceeding
three In number, to be selected by and asso-
Clated with them; with authority to determine
the time and place Of meeting, and tOtake evil
dence, and whose duty It shall be to inquire
Flrst--Into the change which has taken place
In the relative value Of gold and silver; the
causes thereof, whether permanent or other
wise; the effects thereof upon trade, commerce,
finance, and the productive interests OF the
country, and upon the standard (Of value In
this and foreign countries;
SecOnd-IntO the policy OF the restoration of
the double standard In this country; and, II re-
stored, what the legal relation between the two
Colns, silver and gold, should be;
Thlrd-IntO the policy Of continuing legal
tender notes conCurrently with the metallic
standards, and the effects thereof upon the la
Dor, industries, and wealth Of the country; and
Fourth-Into the best means for providing for
facilitating the resumption OF specie payments.
The commission as organized consisted
Of Messrs. John P. Jones, Lewis V. Bogy,
and George s. Boutwell,, of the senate;
Messrs. Randall L. Gibson, George Will
ard and Richard P. Bland, Of the house
Of representatives; Hon. William S.
sGroesbeck, of Ohio, and Prof. Francis
Bowen, Of Massachusetts. George M.
Weston, Of Maine, was appointed secre-
tary.
The sessions OF the commission were
held in the city Of New York until the
re-assembllng Of congress In December
last. They have since been held in the
city Of Washington.
Immediately after the creation of the
commission, circulars were Issued to
bankers, publlclSts and commercial men
in this country, and to eminent financial
authorities in Europe, and Through the
state Department. to the representatives
of,the United States In foreign countries.
These circulars contained interrogatories
which were intended to elicit the widest
possible information upon all the topics
covered by the resolution of August Is,
1875. The chambers Of commerce In the
leading cities In this country were In
vlted to furnish, and did furnish, lists Of
the persons most likely to be able to
give information.
A large number of persons appeared
before the commission, who were orally
examined. In addition numerous writ
ten papers from various sections Of this
country were received In answer to the
circulars Of the commission. These pa
pers, as we'll as the oral testimony taken
down by stenographers, are reported
herewith.
Our ministers abroad have exhibited
patriotic and intelligent zeal In collect
ing official and other information in the
countries to which they are accredited.
The documents which they have fur
nlshed are very valuable, and some of
them not attainable except through
official applications. Some of our minis
ters have added able and interesting
original papers. All these documents
n-A oo-A.;h,,klono ora harowikb auh