The Globe-republican., 1894-05-11

THE LONDON CONFERENCE.
What Leading Statesmen Of This Country
Say OF the Bimet2ilic Convention In En-
gland.
WASHINGTON. May 6-The interna-
tional bimetallic congress in England
continues to be the subject of much
favorable comment at the capitol. Sem
ators and representatives who assisted
in the repeal of the Sherman act take
even greater interest in it than those
who resisted the repeal, and express
themselves very freely as in hearty
sympathy with the movement The
feeling is strong that the world is
nearer than it has been for long time
to bimetallism. Congressman Cobb
said:
believe that We are coming to It and that
we would be even nearer to it thaa We are but
for the course of the so-called free coinage
people told Bland away back last fall when
he was fighting the repeal Of the silver purchas-
ing clause that he was doing harm to the cause
of bimetallismL So long as the other countries
think there is possibility that we may carry
the burden OF all the silver they are not going
to help We can stand the demonetization OF sill
yer better than they can and they are finding 1t
out. Just as soon as those countries are sure
that we will not attempt free coinage without
an international agreement they will come
asking to 60 into such An agreement Every
time there is an effort made to push free coin
age in congress the other countries are encour-
aged to wait a little longer to see il We will be
foolish enough to take up the whole load
The fact is we have an element which talks sill
yer and does not care anything for silver. 1t
is for imitation. not silver
Representative Bland authorized the
metallic conference at London:
I have never considered an international
agreement of sufficient importance to delay &C
ton By our own government. think We are
able to maintain our own system OF bimetal.
lism The efforts toward an international
agreement in the past have been used as \ pre-
text for delay. I have no doubt, however, that
the present movement Of European countries
is in good faith and may lead to results But
that is too remote to warrant delay on our part
for ourselves
Representative Dingley, republican
member of the coinage committe. :, said:
heartily indorse the views expressed in the
cablegram An international agreement is the
free coinage OF silver and gold. Great Britain
must be the moving factor in such an agree
ment. and when she acts the rest Of the world
will do likewise.
Senator Hill said:
The best interests of the world would be sub
served by making gold and silver the standard
money OF all countries The best thinkers and
the best writer's. the best statesmen and the
best financiers. are gradually but surely realiz-
inry no hnf al NJ n mi
means the impoverishment of the people
and that some adequate relief
from present conditions is essential An in
ternational agreement between the lie ldiny
nations recognizing silver as standard money
with gold is the goal to reach which every
effort should now be made 1t is feasible:
it is desirable. it is important It would
promote the interests Of Great Britain as well
IS those Of every other great commercial coun-
try There are some indications that English
sentiment is drifting toward bimet ,llism 1t
Is the duty OF this government to pursue that
course which will surely hasten the day when
bime tallism shall be an accomplished fact II
the present administration does not shape its
ruling in that direction the peopl will select
one that will. Bimetallism, either by interna-
liOnal agreement or independently. if neces-
sary, is 10 be the great issue Of the future.
Senator Voorhees, said of the confer
ence:
1t is a step in the right direction. 1t sh TVS
that the idea is alive and commanding great re-
spect It indicates that tn. nations will not
longer consent to the continued discs, of silver
as money and points 10 the restoration Of free
coinage II silver should be continued to be
denied its right as money metal it will be at
the behest of the money power the world over
md at the expense of the laboring and produ:. !
ing classes l expect the issue to be met. es-
pecia!ly in this country, at very early
late and in q very determined manner.
Let me saw. also. that l took upon the re-
cent repeal Of the Sherman act as movement
in the direction of free coinage and the full use
If silver as money. The friends of silver money |
have no occasion to be discouraged The PEG.
PIE have way OF determining great Ques tons
1t the proper time, and under fitting circum-
stances which cannot be resisted I look for q |
general. strOn. and popular movement on the !
subject such that when it comes it will defy |
he opposition OF the money centers and the |
power Of money hope to live TO take part in !,
his movement when ii shall come.
Senator Sherman said:
III IRE is no division of sentiment among con-
sentative people as to the necessity of regain |
NJ silver as one Of the moneys of the country.
The only question we have discussed in con- !
yress is whether we can have free coin. |
lge without demonetiZing gold The gen. !
,ral opinion is this would be the re- |
suit of an attempt by the United States |
alone to maintain sixteen ounces of silver with !,
me ounce Of gold, when in the open market we |
,aH buy thirty-one ounces of silver with an !
ounce Of gOli While have always opposed !
he free coinage OF silver. have n one the less |
lesre that silver should be used to the utmost |
extent possible as money metal |
providing only that it would not |
place Us on single standard /
If silver and drive gold from the countrv, gold
being the reco niz.d standard in monetary
with all the chief commercial ma. |
ions l. therefore. joined heartily in express
ng the hope tina. tn, BIN ,tall.c congress in
london would recommend some plan b which
III the commercial nations would arrange
node Of coming both metals as money
SCIENCE FEDERATION.