Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-05-04
any country as long as all were equally af-
fected by the agreement"
Bfmctallism Coming.


fected by the agreement"
Bimctallism Coming.
Representative Charles W. Stone, repubii-
can member of the coinage committee, who
wrote the minority report on the Bland
seigniorage bill, says: THE Senator'S cable
Is very timely and expresses the views of
those who earnestly wish to see the free
coinage Of gold and silver by the only pos
stble means-an international agreement. In
my report against the Bland bill / urged
that 1t was temporary expedient, which
would retard an international agreement
and thus delay genuine bimetallism. Eng
land would never act while she thought we
would assume the whole burden of coming
silver. AS a creditor nation she was ready
to see us use silver so that she could abb
serb our gold. But as we have declined to
assume the burden, she finds that We can
mold part or the gold as payment for our
wheat and oil and other staples. The pres
emit conference at London is the result, and
1t gives a most hopeful outlook for the free
coinage Of silver and gold"
Representative Hatch (Mo)-'"The Lon
don meeting is remarkably significant and
important. 1t shows that the world is
awakening to the needs of bimetallism Ar
mics OF unemployed. mob rule, here and
abroad, have followed the characterization
Of silver, and 1t Is q hopeful sign that the
world Is now recognizing that the wrong
must be righted and that silver must be re-
stored as a money of the world"
/ Representative Cox (Tenn) II am very
much impressed with the present confer
cree, as 1t Is coming from the right source
Bimetaiifsm cannot be long deferred The
world is recognizing the necessity of it
ana with England moving, we will have an
fnterna ticnaf conference and an interna-
ttcnal agreement"
Representative McCreary QNy), a mem
Der of the last international monetary con-
ference, said: 81 have always believed that
the way to reach bimetallism was through
international agreement That result is
coming rapidly. | know many of those at
tending the London conference, and i re-
gard their action as advancing the solution
or the bimetallic question"
All Are Not Agreed.
Representative Straus CNew York city,:
'The conference foreshadows results of
profound Importance. England and the
rest of the world must come to bimetallism
II the United States will only remain pas
sive and not pass petty silver measures.
The solution to the financial problem is not
far off, if We ourselves do not block the
way"
Representative Sperry Comm: ct do not
believe in bimetallism, and no international
agreement can keep gold and silver at a
fixed parity. There must be one standard,
and one only. The Latin union tried the
experiment with a double standard and
failed to keep the parity after five years.
combination of the nations OF the world
will fare no better"
London conference can accomplish nothing.
although l am heartily in favor of its pur-
poses. There Is strong element there IA
voring bimetallism, but the dominant gov
errment is against II. II Salisbury came
back to power we might get 1t, but as long
as the Gladstone element is in the ascend
ancy it cannot be accomplished"
Representative Swanson Wa): ''The con-
ference will avail nothing. The comemrciil
classes control England. as they control
America, and the commercial classes want
gold and gold only, because 1t enhances the
value of their bonds"
Representative Breckinridge Of Arkansas:
II am very happy to see that 50 important
a conference is being held in London to
consider the best means of restoring silver
to Its former position, and use as one of the
money metals of the world, and am heart
lily in sympathy with all such enlightened
efforts"
Representative Cochran On. ": 1.-The two
metals have never been at a parity. The
idea that they have is one of the fallacies
which seems to be indestructable. An in
ternational agreement might bring about
the result of maintaining this parity. But
my own judgment is that it would not
Cooperation of Europe.
Representatives Kilgore CTex): IF En-
gland will take the lead and show the
slightest friendiness to bimetallism, there
Will be no further trouble. 1t is most sig
nifcant that the present movement comes
from England, when she has heretofore held
out against an international agreement"
Representative Quigg IN. YIN any
situation that seems likely to arise within
THIS generation, the only possible way Of
bringing about free coinage or even
larger use OF silver as a money metal 10
through an international agreement, to
which England will be a party. That of
course, might be said as to France, Ger
many, or the United States. So long as any
one of these nations holds away from an
"a ont nd Ions s.yl,
is 50 easily rendered great its larger use
as money is certainly impossible, for by no
other plan than the general enactment OF
nations can there be any such thing as a
double standard of value A silver dollar
today is 30 cents. we pretend 1t is 81. We
are agreeing to make believe that II Is ST.
and so long as We keep us this pretense
and so long as people believe We can keep
II up, that 80 cents will circulate as a dol
lar. But when the confidence fails, the
scheme fails. That is the present situation
and Ii can never be altered, except by gen.
eral agreement by nations, which will fix
the price of silver bullion at all the mints
of the world and make common ratio
Whether things are tending in that direc-
ton or not, 1 doubt. Whether il would be
a public advantage If they did tend, /
doubt Every now and then there is a rip
pie of silver excitement in England, but
1t dies away. l rather think this will die
too. don't think that any body has proved
yet that there is not enough gold to form
have got into the habit of saying there is
not. but doubt il any considerable proper
ton of them understand what they are
talking about"
Eject on the Movement Here.
Representative Black (Ga-)-"While the
effort for an international agreement would
rot lead US to stop us in our financial pro-
gress, yet, If accomplished, 1t would be of
incalculable value"
tix-a 81
course, favor an international agreement
But this country cannot afford to wait for
it. Let US pursue our own course. and ac-
eept the International agreement IL II
comes
Representative Walker (Mass.)-'I would
have signed the cable expressive of Ameri-
can sympathy with the movement If had
had the opportunity. An International
agreement Is the only method of accom-
plshng bimetallism."
PROF. RILEY'S RESIGNATION.