The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-02-24
INTERSATloNAL BlMETAL1sM.


INTERNATIONAL BlMETALIsM.
We published on Thursday particu-
lars of the formation of committee in
Boston, for the purpose of promoting
the establishment Of international BIZ
metallism upon the general plan of the
Latin Union, but with a broader ba-
sis, and showing that those concerned
in the movement, while not in favor of
the present free coinage of silver. or
any increased use Of silver by this
country Independent of international
action and agreement, believe that the
repeal of the Sherman act affords a
fitting and fortunate opportunity for
advancing the cause of international
bimetallism. They believe that the day
is not far distanct when the necessi-
ties of commerce will compel an inter
national use of silver as well as of gold
in the currencies throughout the
world
To show that those concerned in the
movement are influential and response
bic gentlemen, well known in eastern
business circles, we append their
names as they appear in the Boston
Transcript of Feb. 18th.
Z. B. Andrews, chairman Oliver
Ames, jr.. Robert Batcheller, Thomas
p. Beal, Samuel Carr. Charles f.
n A -
mings, c. H. Dalton, W. H. Forbes,
F. L. Higginson, H. L. Higginson,
George Z. HOar, T. L. Livermore,
Charles l.. Lowering, Augustus Low
ell, Francis C. Lowell, G. j. Paine,
G. +. Perkins, Josiah Quincy, George
H. Richards, J. z. Russell, w E. Rus
sell, w. D. Sohler F. J. Stimson, How
ard Stockton, Nat Thayer f. A. Wal
ker, Alex. S. Wheeler, George Wiggles-
worth, Moses Williams Samuel WeIls
G, W. Wheelwright, Charles p. Bow
ditch, Charles U. Getting, Robert Cod
man, Edward I. Browne Francis Bart
lett, A. Agassiz, William Minot, jr.,
Eben f. Draper, Charles H. Allen
Francis A. Osborn, Alexander H. Rice,
F. w. Hunnewell, w. H. Lincoln, John
T. Morse, jr, William w. Carpo. J. M.
Forbes, William Bliss, E. D. Hayden,
John D. Long, Quincy A. Shaw, Henry
Cabot Lodge, A Hemenway. Thomas
e. Proctor, Jonathan A. Lane, William
A. Russell, Brooks Adams, secretary
There may be more in this organiza-
ton than has yet appeared from the
brief notices it has received from the
press. 1t is possible that it may prove
to be a nucleus around which will gath
er the forces that shall push the silver
question to its final settlement The
gentlemen who have taken this matter
in hand are not opposed to the free
coinage of silver or its increased use,
unless it be as the independent policy
of the United States. AS we under
stand it, they are in favor of the use of
both money metals as the currencies
of the world. But they want the re-
lation between them established by in
ternational agreement.
That is in harmony with the declar-
alton as to silver in the Democratic
platform of 1892, and on which the
party has come into power.
The extreme silver advocates, of
course want this government
to ignore all commercial consid-
siderations, to pay no attention to
the attitude of foreign countries on
this question, to throw aside the fnan-
cial laws that regulate the great money
centres abroad. and take A stand alone
against the world with silver dollars
issued in unlimited quantities at the
ratio of 16 to ] of gold. But while they
offer very strong arguments in favor
Of this course, it cannot be denied that
lit does not meet the decisive views of
the majority in either the Democratic
or the Republican party, nor harmonic
with the financial plank in the Chicago
platform.
The Boston committee take the same
view of this grave question as do a
large number of or national states
men, who aided in the removal of the
Sherman makeshift to clear the way
for more sensible and stable financial
policy. We believe there are sound and
progressive men in England and in
Germany who are in accord with them.
We do not think there is sufficiently
extensive public opinion in the United
States to give any immediate chance
|of the establishment of an independent
silver policy. But we recognize the
fact that there is a growing sentiment
lat home and abroad in favor of inter-
national bimetallism in which. in our
opinion. lies the bright hope for the
future of the white metal.
Let the demand for an international
come from several Euro
|pean sources at once, and there will be
"a response from this side the Atlantic
which will support the call, and the re-
suit viii be the rehabiliment of silver
and its restoration as the companion
of gold in the financial transactions of
the world. The ratio may not be that