The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-05-04
American Sympathy.

WASHINGTON, May 3.-The following is
a copy of a cabiegram sent to the lord
mayor of London, sppropos of the bime-
tallic conference in that city. Thee
gram was signed by many United States
senators:
I'VE desire to express our cordial SYM
patty with the movement to promote the
restoration OF silver by international
agreement, In aid of which we understand
a meeting is held under your lordship's
presidency. We believe the free coinage Of
both gold and silver by interna-
tional agreement with a fixed ratio
would secure to mankind the blessings of
a sufficient volume of metallic money. and
which is hardly less important, secure
10 the world of trade immunity from
violent exchange fluctuations"
The document was signed only by seua-
tors who voted for the repeal of the Sber-
man law. the signers being John Sherman,
w. B. Allison, D. w. Voorhees,. g. f.
Hoar, Nelson w. Aldrich, David B. Hill,
Edward Murphy, A. Z. German, o. II.
Platt. Calvin Brice, Joseph NJ. Carey,
William Frye, c. X. Davis, S. NJ. Cullom,
Henry Cabot Lodge.
SENATOR sHERBIAN'S VIEWS.
Senator Sherman. speaking today of the
London bimetaliic convention and the tel
egrsms sent by himself and other senators
TO the lord mayor Of London, expressing
sympathy with the movement, expressed
the hope that the convention would lead
TO the calling OF another International
monetary conference, and said:
There is no division OF ntiment among
conservative people as to the necessity of
regaining silver one of the moneys of
the country. The only question we have
discussed in congress is whether we can
have free coinage without demonetizing
"A h. & a
be the result of an attempt by the United
States alone to maintain sixteen ounces of
silver with one ounce of gold, when in the
open market we can buy ihirty-one ounces
of silver with an ounce of gold While
have always opposed the free coinage of
silver. l have none the less desired that
silver should be used to the utmost extent
possible as a money metal, providing only
that it would not place Us on single
standard OF silver and drive gold from the
country, gold being the recognized stand
ard in monetary transactions with all the
chief commercial nations. | therefore
Joined heartily in expressing the hope that
the hlmetalllc congress In London would
recommend some plan by which all the
commercial nations would arrange q mode
of coinage of both metals as money. Ny
own opinion Is that il is better to recog-
niZe at once rs a fact that is apparent
that on account of the vast increase of the
the production of silver the ratio should
be based upon the present relative market
value of silver and gold"
SENATOR TELLER's OPINION.
Senator Teller said: las TO the effect of
the telegram sent 10 the London meeting
by Senator Sherman and other senators
who have not been known as silver men,
] think the telegram will encourage BIZ
metallism in Europe by showing that even
those who oppose the free coinage of silver
have come TO recognize the necessity of a
double standard, aud that it will be seen
from this that while differences of opinion
may exist among Americans as to how we
shall secure the full use of silver as stand
ard money. none exists as to the necessity
Of the use of both gold and silver on terms
Of mint equality