The Globe-republican., 1893-09-01
A NEW COMMISSION.
A Plan to Settle the Money Cues
ton.
Congressman McCreary Evolves Scheme
That He. Believes Will Settle Matters
in Satisfactory Manner-Text
Of His Measure.
Now Monetary Commission.

New Monetary Commission.
WASHINGTON. Aug. 2S.-Congressmar
McCreary. of Kentucky, one of the del
egates on the part of the United States
to the recent international monetary
conference at Brussels, has prepared
the following joint resolution for in
PRODUCTION in the house:
Resolved, by the senate and house. in con-
gresS assembled: That q commission is herebv
authorized and constituted to consist of three
senator's to be appointed by the president OF
the senate. three representatives TO be ap-
pointed by the speaker Of the house and three
experts to be selected by the president of the
United States, with authority to determine
the time and place Of meeting. and to take evi-
dence IN washington, or in any other city Of
the country, before the whole committee or
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 depreciation
Of silver or TO the appreciation Of gold: cause
OF the change whether permanent or temper
ary: the effect thereof upon finance, trade,
commerce, agriculture, labor and other inter
estS Of the country and upon the standard of
value in this and o:her countries.
Second-On the policy Of maintaining the
double standard. and what should be the legal
ratio between silver and gold when coined
Third-On the best means Of reorganiZing the
banking system and restoring confidence and
promoting interna tional bimetallism.
Fourth-The report CT the commission shall
be presented not la!er than January l. 1894
This resolution" said Mr.. McCreary.
gives the commission authority to in
quire into the whole financial question
on the broadest phases-not as to BIZ
nfD oil h,,k ~
OF our banking system.
The means of promoting international
bimetallism will also be a subject for
the commission to consider. There
can be no doubt that the passage
Of the repeal bill will help to
open the way for international BIZ
on fixed ratio among the |
great nations OF the world. which is the |
best remedy of which l have any
for the monetary evils from |
which all nations are now suffering. |
treat Britain, Germany and all the
sOld standard countries would be de-
lighted to see our country go to silver
basis. SO they might add our gold to
heir stock. They are now watching
With interest the congress of the United
states.
There have been three international
monetary conferences held, two of
hem by request of this country and
ne by request of the United States and
rance. The first was IN 1878. the sec
nd in 1881 and the last in 1892. The
rst assembled in 1878 and there were
ut twelve nations represented When
he second assembled in 1881 there
'ere but thirteen nations present.
When the conference was held last ,
ear twenty nations were present. and
Ii delegates We're in their seats the
cry day the meeting was called to-
ether. What does that show? 1t
hows the interest all nations are TAX
'g in the question. 1t shows the in |
rest has increased as the years have
1vanced. England has always, like a I
on, b!ockaded the way to internation- /.
olmetallism. but the feeling among d.
er people in favor OF international BIZ
etailism has greatly increased in the :
st few years, and if England would
ad the way think there is no doubt
1T the Latin union countries would =
lite with this country in an interna- :
onal agreement" n