Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1893-09-02
A NEW COM MISSION.
Congressman McCrcary Has a Scheme to
Settle the Monetary Question-A Com
promise Measure Proposed.

Congressman McCreary Has Scheme to
Settle the Monetary Question-A Com
promise Measure Proposed.
WASHINGTON, Aug. 2s.-Congressman
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 a commission Is hereby
authorized and constituted to consist OF three
senators, to be appointed by the president OF
the senate three representatives, 10 be ap
pointed by the speaker OF the house and three
experts to be selected by tho president OF tho
United States, with authority to determine
the time and place of meeting, and to take evil
dence in Washington, or in any other city of
the country, before the whole committee or
before sub-ccmmittees, and to inquire into and
report.
First On the change which has taken place
in tho relative value OF gold and silver. and
whether the change y due to the depreciation
OF silver or TO lie 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 other countries
Second-On the policy of maintaining the
double standard and what should be the legal
ratio between silver and gold when coined,
Ihird-On the best means of recognizing the
banking system and restoring confidence and
promoting international bimetallism.
Fourth-The report Of the commission shall
be presented not later than January l. 1891.
This resolution" said Mr.. McCreary,
gives the commission authority to in
quire into the whole financial question
on the broadest phases-not as to bi-
metallism alone, but also as to the re-
organization of our banking system.
The means of promoting international
bimetallism will also be 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 bi-
metallism on fixed ratio among the
great nations of the world, which is the
best remedy of which | have any
| knowledge for the monetary evils from
| which all nations are now suffering.
Great Britain, Germany and all the
| gold standard countries would be de.
| lighted to see our country go to silver
basis, so they might add our gold tc
their stock. They are now watching
with interest the congress of the United
States.
"There have been three internationa
monetary conferences held, two OF
them by request of this country and
one by request of the United States ant
France. The first was in 1878, the Sec
ond in 1881 and the last in 1892. The
first assembled in 1878 and there were
but twelve nations represented. Wher
the second assembled in 1881 there
were but thirteen nations present
| When the conference was held last
year twenty nations were present, and
all delegates were in their seats the
very day the meeting was called to
gether. What does that show? L
shows the interest all nations are talk
ing in the question. 1t shows the in
terest has increased as the years hav,
advanced. England has always, like Z;
lion, blockaded the way to information
al bimetallism, but the feeling among
her people in favor of international bi
metallism has greatly increased in th'
last few years, and if England woult
lead the way think there is no doub
but the Latin union countries woult
unite with this country in an interna
tional agreement"