The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1894-05-10
CLEVfLAND'S IDEAS
Uncle Sam to Keep Down Silver
to Punish Europe.
EUROPE MUST NOW SPEAK
The President, Meanwhile, IL Nightly
Pleased With His Actions - The
West CANT See 1t That Way.

WASHINGTON, May 4.-Agitation in
Europe and notably in England in favor
of the rehabilitation of silver as a money
metal is being observed with great
satisfaction by the administration, for
1t Is regarded as strong confirmation of
the correctness of principle to which
President Cleveland has so strenuously
adhered throughout thick and thin and
sometimes at the risk of his own popu-
larity with his party. The president
has contended that the true and stable
equality of gold and silver could be
brought about and maintained only by
agreement between the great financial
nations of the world. With this conten-
tion he has been obliged to resolutely
oppose any individual action by the
United States.
When the extreme silver men have
declared that there was and could be no
hope of consumm alton of the desired
international agreement the president
has replied that firm and steadfast ad-
hesion to the line OF policy intimated by
the repeal of silver purchasing sections
of the Sherman act must inevitably
bring about the desired result One OF
the purposes in view then was to re-
lieve the United States from the loss
and danger to which it was subjected
by efforts to maintain, unaided by any
of the great financial powers, the in
tegrity as money metal of the vast
silver circulation. Europe has pros
pered under the old conditions and was
we'll satisfied to allow the United States
to bear the burden. The presidents
theory was that by suspending further
efforts in that direction the United
States would cause European nations to
feel the need of larger circulating
medium and to share at last with us the
hardships of 4 monetary stringency.
Therefore the movements now in pro-
gress in England, Germany and France
are regarded by the administration peo-
Pile as evidence of the successful work
of the presidents policy.
No great Importance is attached to
the attempt initiated by Mexico to
secure another conference, though 1t is
not true that the president has refused
to join in the movement, for as a mat
ter of fact, the Mexican government
has not yet made any tangible proposi-
ton, and has confined it's efforts to
sounding other governments to learn
| &t Z.
ceived, and not knowing that the nee
essary promise has been held out BY
European countries, our government is
not yet satisfied that an international
the near future. The pressure has not
yet become so great as to warrant the
a belief on our part that such nations as
Great Britain and Germany aye ready
lions and take up the double standard
Probably some kind of agreement might
be reached now, but according to the
d views taken In financial quarters here
' it would probably not realize our desire
: to put silver on perfect equality witt
gold, and it is thought would postpone
indefinitely that restoration. Therefore
it is probable that our government will
pursue a conservative course, declinin,
= to take the initiative in view of thu
d fruitless conference already held an,
II bide its time until the united powers
l. and particularly Great Britain, are pre-
C pared to invite the United States t.
l. join in a conference which shall hav
e before it some distinct proposition looh
q ing to the rehabilitation of silver an
% with sufficient power placed in tn
Is members to insure practical outcome