The Meeker herald., 1893-09-02
a MONETARY COMMISSION.
Joint Resolution to be Presented by MT
McCreRry.

w,su1NGroN. d. C.. Aug. T.--CoDgress-
man McCreary OF Kentucky, one OF the del'-
cates on the part of the United States TO Inc
recent international Monetary Conference w
Rrussel. has prepared the following JON,
res solution for Introduction in the House next
week
:. B,,o,,,J Nv the Senate and Houss OF
REPRESENTATIVE. In Congress assembled:
..That n commission is hereby aulEori@eu
and constituted to consist of three senators
to be appointed by the president Oh tne
ates three Representatives to be appoiheu "
inc sneaker Of the House of Representatives
and three experts 10 be selected by Tue ires'
dent of the United States with authority 10
determine the time and place OF hee.lhs =.
and to take evidence 10 Washington, OF ,l
any other city of the United States before the
whole committee or before sub-connittees'
and TO inquire into and report ..,.o,,
"FIrst-On the change which has taheH
place in the relative value OF gold ana siiEci'
and whether the change Is due 10 the ucpie
clarion of silver or to the appreciation OF
gold cause of the change, whether perma-
bent or Temporary. the effect thereof upon
nnance. trade, commerce. agriculture, lapor
and other interests Of the country and upon
the standard of values IN this anu "'nei
countries. -, A..
"Second-On :he policy OF maintaining VIC
dotlble standard in the United States anu
what should be the legal ratio between SILVER
and gold when coined.
"ihlrd-On the best means Of recognizing
the banking system and restoring confidence
i'm the commercial and financial circles and
promoting international bimetal ISM -,..,
.Fourth-The report of the commission
] shall be presented to the Senate aud house
of Representatives not later thah 'he "'s' uH'
/ OF .Jauuart. 1894
This resolution said Mr.. McCrcary to-
night, gives the commission authority 10 in-
t.urc into the whole financial Question IN us
hroadest phases-not to bi-metdiilsfi Aphc,
but also To the reorganization OF our nauhi"e
sv.tem. The means of promoting interna'
l tIonal bmetalllsm will alsc be subject Tor
! the commission to consider. There can De no
| doubt but that the passage Of the repeal plii
! will help to open the way 70; int RI ttionai oi-
inetallism on fixed ratio amoi the crest
! nations Of the world, which is the Uest remedy
| of which have any knowledge Tor the none
] tary evils with which all civilized nations are
] now suffering. Great Britain, 6ermany anu
. all the gold-standard countries womb pc ue-
] lighted to sec our country go to silver oasis
50 that they might add our gold TO Their
stock. They are now watching with anxiety
and interest the Congress OF the United
I States There have been three International
I monetary conferences held Two of them by
request Of the Uu't d States, one by the re-
quest of the [ mis- states and France.
! 1.-The first one w., held In ISIS, the second
In ISL and the last in 1892 When the ilrs'
conference assembled in ISIS there were but
twelve nations represented Nhen Tue seeohu
l conference assembled in 1871 there were bu'
thirteen nations represented. When the
] conference was held last year twenty nations
were represented and all the delegates were
in their seats the very day that the conference.
was called together What does that Hho"
1t shows the deep interest that all the nation,
were taking ia the monetary questions IL
shows that that interest had increased ne tue
years had advanced. England had away,
like a lion biockadcd the way 70 international
bimetalllsm, but the feeling among her Peo
pie IN favor of blmetallism has greatly III,
/ creased in the last few years aud II England
would lead the way, believe there Is nc
doubt that the Latin Union countries WOMB
unite with the United States In an interna'
tionai agreement