The Lamar register., 1893-01-07
ALL,soM.s IDEAS
Ths Iowa Senator Gives Good Rsassas
for the Free Coinage Of


Senator W. B. Allison. upon his return to
New York from the Brussels conference,
spoke of the results of the conference as fol-
lows:
In some respects 1t was very satisfactory, In
others 1t was not. You ask ME for tangible
results. I must admit that there are few.
But breaking the ground, you know. Is As iu,-
portant part of progress as building the
house, and we did break the ground for bet
ter things 10 come. just Whist these things
will be 1t is impossible for me To say, or for
any man TO predict
This much, however, is certain, that the
delegates who took part in this conference.
aud who were all men Of hne intelligence,
went away 10 hopefnl, earnest frame Of
mind, more than ever convinced of the i'm
portance-l may say the neces.ity-of taking
>ofue general action on this vast monetary
question. That conviction 10 itself consider
a most encouraging sign, for there is nothing
so hard to combat aud 20 fatal to advance
mcnt as ignorance and apathy. Before this
conference many OF the American delegates
were not keenly alive 10 the Importance of
problems which they had been called upon to
solve aud the urgency of finding some soiu-
ton. Nov all Is different was struck by
the general disposition of the assembly to ad-
init that the existing monetary relations of
civilized nations were unsstisfsctory and cal
culated 10 seriously hamper and check the
CARRYING ON and development Of the worlds
commerce.
/ advocated strongly the free coinage of
gold and silver at the mlnts of the nations en-
tering into the union, with provision that
certain ratio between gold and silver be main
tained.
Replying to question as to the possibility
Of maintaining the ratio, he said:
Yes, sir; | DO think that the ratio you spoke
Of can be maintained by law. You think it
will fiuctuate with the varying productions
from the mines OF silver aud gold. But such
has not been the case In the past. Hundreds
of millions OF gold were poured into circula-
ton during the California gold excitement
without affecting materially the relative
values OF gold and silver. The fact IS, the
su,l Of tho world Is of very little absolute
yalu for the arts, independent Of Its fictitious
value a legal tender
II the governments Of the world should
agree TO abandon the uSs o; god as money
what do you suppose Nuuii happcnl / will
tell you, there would be s4Oo0. .oOo, 900 worth
of gold, or rather what had bcea worth that
amount at our present valuation, dumped into
the market as bullion, to be changed into
bullion, teeth-filins, etc. HoS long do you
suppose II would take the civilized world to
use 1t up, allowing for the normal rate of in
creased Not less than 100 years That 10 a
fact Now suppose the world had on hand
, supply Of clothing sufficient to hlI It's wants
| for years TO come. What would happen
| Clothing would go down like a sho;-wouId
not iti-snd become ridioulously cheap. The
same would be true Of gold | merely give
| you this argument which was one of those
| used with effect on the Brussels representa-
tivcs, so that, however you look at II, the val
ues OF those metals used for money. whether
there be one of them or two, are fictitious
| So what difference does it make II the ratio
between the two dollars Is made by Law. II
all countries agree on maintaining It there
Will be no trouble