The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1894-05-04
The President Pleased With the
Silver Agitation Prevailing
in Europe.
Regarded as Confirming tho Cor
rcctness OF tho Adminis-
tration's Position.
No Great Importance Attached TO tbs
Conference Contemplated bY Mex
leo -Enxiand should Invite.

NlsHHaroH. May 8-Ths agitation In
Europe. and notably in England. In favor
% the rehabilitation OF silver as a money
metal. ,s being observed With great salts
faction By the ndministTaiion, for u - re-
gAfded az strong confirmation % the cor
reetnssa Of the principle 20 which President
ClsVelsnd has 10 atrenuousy adhered
through thick and thin. aud sometimes
at the rick Of his own popularity with his
party. Iho president has contendsd that
tho us aud stable equality Of gold and
silver could be brought About and main
tanned onls BY agreement between the great
financial nations Of tho world. With this
conviction be has bsen obliged 20 rsso-
lntely opposs any individual action b ths
United States. When the extreme silver
men have declared there vas aud oould b.
no hope Of the contamination Of the desired
international agreement the president
las eplied shat nrm aud steadtast adhe-
sion 10 the line OF policy initiated by the
repeal OF the silver purchasing section of
the sherman act must inevitably bring
about the desired result One OF The pui-
oses in view then vna 20 relieve the United
States from the lozs aud danger 20 which 10
was subjected By its efforts 90 maintain
unaidsd by any Of the great hnan-
oial powers, the integrity OF sii-
yer money. Europe had pos
pered under the old conditions and WAS
we'll satisfied 10 allow the Unitsd States 10
bear ths burden. he presidents theery
was that BY suspsnding further efforts in
that direction the United states would
cause the Eu opssn nations 10 feel tha
need OF . larger oireula ating metium. an d
TO share. a. least with ne. the hardships of
the monetary s,ringency. Therefore, the
movements nov in p oRress in EEgland.
Germany and snoe are regarded by the
admin isiration people as an evidence Of the
successful working Of the presidents pol
icy.
Great Importance IL not attached TO
the attempt initiated By Mexico 20 secure
/ another conference. though 10 Is not true
the president has refused 10 join IN the
movements. for. as matter OF fact the
/ AeHicsn govsrnment has not yea made any
tanaible p OPPOSITION. and has confined i've
Efforts TO sounding other governments 10
| learn how formal invitation would be re-
! osive1 Not knowing the hope held out By
/ European countries. this government
10 not yet satisfied that IN inter
nstioaal monetary conference can be
reached 10 ths near futuie. The pressure
has not yet become 40 severe a. 70 warrant
1 the belief on tue part OF the United States
that auch nations as Greht britain anu
Germany are roAdy 10 abandon their long
/ Cherished convictions and take up doubie
| standard. Probably some kind OF aares~
| msnt might be reached nov, but according
/ 10 she view taken IA hnsncial quarters u
would obably not realize She desire 70
pul silver on a perfect equality with gold,
aud it Is thought would postpone in
definitely that restoration. Therefore IL 70
probable this government Will puTsue n
conservative course. declining 20 take the
initiative again IN view OF the fruiilsss con-
ference already held and bids is timo un-
til the united powess, and particularly
Great Bfitain, are prepared to invite tue
United States 10 join IN a conference which
shnl have before u some distinct PROPOSE
ton looking 90 tbs rehabilitation os SILVER
and With sufficient power placsd ia the
members TO in.urs a practical outcoms.