The state herald. (Holyoke, Logan County, Colo.) 1887-1921, 1893-09-01
A MONETARY COMMISSION.


toiut Resolution to DO Presented by Mr..
MSCreary.
WAsniNoros, b. c., Ahg. s.-Congtess'
man McCreary Of Kentucky, one Of the dele
gates on the part Of the United States to the
recent International Monetary Conference at
Brussels, has prepared the following joint
res olutIon for introduction In the House next
week.
"Resotvsd, BY the Senate and House OF
Representatives IN Congress assembled:
'sThat o commission Is hereby authorized
and constituted 10 consist Of three senators
TO DO appointed by the president Of the SEN
Ate; three representatives W be appointed ~
tho speaker Of the House Of Representatives,
and three experts to be selected by the prosl-
dent If tho Enited States with authority to
determine the time snd place OF meeting,
aud 10 take evidence In Washington, or In
any other city of tho United States before the
whole committee or before subcommittee
and to inquire into and report.
"Flrst-On tho change which has taken
place Ia the relative value Of gold and silver,
and whether the change Ia due TO tho depre-
tntiou Of silver or 10 the appreciation OF
gold, cause u the ehsnyc, whether pcrma-
nent or temporary; the effect tsereot upon
finance, trade, commerce, agrlculturc, lsbcr
and other interests Of the country and upon
the standard Of values In this and other
Countries.
Second. On the policy Of maintaining tho
double standard III she United States and
what should be the legal ratio between silver
and gold when coined. ,.
"Third-On the best mems Of reorganlzihg
the banking system and restoring confidence
In the commercial and financial circles and
promoting international bimetal lisnn.
"Fourth-The report Of the commission
shall DO presented 10 the Senate and House
OF Representatives not later than the first day
Of january, 1894.
'This resolution" said Mr. McCreary to-
night, .kiSes the commission authority to In
QuIre Into the whuiG financial question In lis
broadcast phases--not 10 bi.Dietallism alone,
but also TO the reorganization OF our banking
system. The means Of promoting Interim.
tionnl bimctallism Will 1lso be subject for
the commission to consider. There can be no
doubt but that tho passage OF tho repeal Dill
will help TO open the way for Int I'm ,tionai bl-
mctnllsm OH a fixed ratio nmo the great
nations Of the world, which Is tho vest remedy
yf which have any knowledge for the none
taty evils with which all civilized nntions are
now suffering Crest Britain, Germany and
all the gold standard countries would be de-
lighted to sec our country go to silver basis,
30 that they might add our gold to tbclr
stock They are now watching with anxiety
aud interest tho Congress OF the United
States. There have been three international
monetary conferences held. Two OF them by
REQUEST 81 the ur',"d States, one by the re-
quest OF the Uni d states and France.
"The first one was held In ISIS, the second
In 1881 and the last In 1872. When the first
conference assembled In 1878 there were but
twelve nations represented. When the second
conference assembled in 1881 there were but
thirtecen 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 show
It shows the deep interest that all the nations
were taking in the monetary questions. IL
shows that that interest had Increased rs the
years had advanced. England had always
like lion blockadcd the way to international
bimetallIsm, but the feeling among her peo-
pie in favor OF blmetallsm has greatly iu-
creased In the last few years, and II England
would lead the way, ! believe there Is no
doubt that the Latin Union countries would
unite with the United States In an interna-
tional agreement