Rocky Ford enterprise., 1893-08-31
A MONETARY COMMISSION.
Joint Resolution to BIO Presented BY Mr.
McCreary.

Joint Resolution to bc Presented ~ Mf'
McCreary.
WAsHINaTos, D. c., Aug. N.-Copgress-
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.
..Resotved, By the Senate and House OF
Representatives In Congress assembled:
..That a commission is hereby authorized
and constituted to consist OF three senators
to be appointed by the president OF tne sen
Ate; three representatives to be appointed py
ths speaker OF the House of Representatives,
and three experts to be selected by the Presi-
dent of the United States with authority to
determine the time and place Of meeting,
any other city Of the United States before the
whole committee Of before sub-committees,
and to inquire into and report.
"First-On the change which has taken
place In the relative value of gold and silver,
and whether the change is due to the depre-
citation of silver or to the appreciation OF
gold; cause of the change, whether perma-
nent or temporary; the effect thereon upon
finance, trade, commerce. agricuiturs' LABOR
and other interests Of the country ana upon
the standard Of values in this and other
,.ssee6nd-On The policy Of maintaining the
double standard IN the United states and
'"a afhirdMOn H the best means of teorganizing
the banking system and RESTORING confidence
in the commercial and financial circles anu
promoting International bimetal lism.
"Fourth--The report Of the commission
shall be presented to the Senate and House
of Representatives not later than the first Gay
Of January, 1894
This resolution" said Mr.. MeCreary 10
night, tsgives the commission authority to In
auire in to the whole financial question IN It's
broadcast phases-not to bi-metallism aione,
but also to the reorganization OF our paukihe
system, The means OF promoting interna- M
tiondi bitiietaliism Will also be subject for
the continuation to consider There can be no
doubt but that the passage Of the repeal bill
VIII help to open the way for int, m tional bi.
metullism on fixed ratio amo 8 the great
nations of the world, which is the Dcst remedy
Of which have any knowledge for the none
tary evils with which all civilized nations are
now suffering. Great Britain, Germany and
all the gold-stnndard countries would be de-
lighted TO sec our country go to silver basis,
stock. They are now Watching with anxiety
md interest the Congress OF the onlted
States. There have been three international
monetary conferences held. Two OF them by
request Of the Unit. States, one by the re-
quest OF the Unit d States and France.
"The first One VAS held in 1878, the second
in 1881 and the last In 1892. When the first
conference assembled in 1878 there were pus
conference assembled In 1851 there were but
thfrteGen nations represented. When the
conference was held last year twenty nations
we're represented and all the delegates were
in their seats the very day that the conference
was called together. What does that show '
1t shows the deep interest that all the nations
were taking In the monetary questions. IL
shows that that interest had increased as the
years had advanced England had always
like lion blockaded the way to International
bimetallism, but the feeling among her peo-
pie in favor OF bimetallsm has greatly In
creased Iii the last few years, and II Engla
would lead the way, ! believe there is no
doubt that the Latin Union countries would
unite with the United States In an interna-
tIonai agreement" .