Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1893-04-13

some probability Of q rs-assenbliog
of the Conference it resumes its en-.
deavors to have its plan adopted; ADD
the following appeared in its .Iass
issue:
Judging from the reported opinions
OF European statesmen, the question
OF another meeting Of The Monetary
Conference depends absolutely "n the
preliminary formulation by the United
States VI some rational plan Tor the
solution of the silver problem. 1t
would be quite useless to ssk for
conference to discuss nothing, as was
done 1T Brussels, where no plan WAS
proposed that could by any stretch OF
courtesy be construed rs u solution OF
the problem. The time is now op
perfume to discuss the subjrct and to
elucidase the plan proposed by the
Engineering aud Mining Journal, aud
which, in brief, signifies:
/. The acceptance by the nations Of
tt principle OF bimeta',sm.
Z. The adoption. for the manages
ment OF national monetary trans.
actions of the we'll understood aud
universally approved clearing. house
methods.
3. The appointment Of an exper.
international commission (thls Clear.
ing House) with power to settle the
working deta,ls OF the plan. such ~
the valse ratio between gold and
silver, the determination OF changes in
tins ratio which changed conditions OF
o1uction may render necessary; the
man"er Of appor.ionng tho metals
purchased among the nations; tho
rules governing the Clearing House,
aud other questions. These ca" be
settled more intelligen,ly and more
Justly bv permanent commission
composed Of the ablest experts OF all
nations who devote themselves
specially to this subject, than they
can ever be settled by the lesis.ati"g
members OF the individual govern
me"ts. who, we know, are often in
lnen,ed by political prejudices OF
personal interests, influences that
would necessarily disappear in q
permanent commissio" representing
tie highest intelligence, the best ex'
pert knowledre and the general in
t.rests of all the nations.
1t was admitted by the representa-
lives a, Brussels, and is recognized b,
every intelligent authority to-day, thu
the threatened universal demoneiiza
ton of silver and the heavy decliu'
in its value have eau ed enormous
losses throughout the world, and i
continued will bring disaster AM
bankruptcy on large part OF thu
world. So closely are the interests O
peoples knit together that the bank
ruptcy Of India or Mexico would n
. felt perhaps more severely by tn
ia t. rv workers aud the middle c!asse
IN England than by the natives who's
present primitive conditions Ut ex
q i>tence cannot he greatly lowered. ]
/. i. the interruption Of orders for good
e from these bankrupt people that wou!
close the factories of Great Britain
and the inability to pay the interes
on their government and industria
e security, held so largely nv the middl
$ classes OF England, would bring hom
h to the gold basis countries the injur
so mary in II EN- now imagine woal
b c, mined to those nations that hav
= on y sire.
II The United States, so rich and pro.
. porous in supplying its own needs
and 30 little interested in the securi
{ es aud in the commerce OF fore,g
countries, would suffer lees than All
u other nation from n financial panic G
!, disaster. We can therefore discus
q this question of such in6nise impov,
- ance from AL impartial and compars
lively d,>interested standpoint.
The pla" we propose, aud viii h
i repeat. d here, AS originally made,
re intended to solve definitely the vexe
=, probl-m TO the benefit OF all and Il
inj ,ry OF none. If, Ms the advocat,
' of geld contend, the production {
J. silver should continue excessive at Il
P. ratio adopted at the start, 20 to
'e then this expert Clearing House Ton
|. mission will make the ratio q to
: or in time NAV keep changing slow
, aud bv small amounts this ratio, un,
: Nh equilibrium in production be q
e. ,ahlis ed.
re II, on the other hand, the advt
y. Gates of silver should prove to be co
!, rect, aud the metal wouli not be da,
" geronsIy ovtr-pro''uced at the raj,
adopted. its relative value would /
10 gradually increased. In each cas-
IS the loss would fall very gradually o
i, the whole world, not on the indivi
ual holder Of the metal or cern6ra,
:, therefor, and no arrangement .
al trade. no panic, no ii"ancis! disastt
ID could occur. The whole world woul
m stand the depreciation.
What would signify the loss ye arl