Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1894-05-18
EUROPE Is GROANING NOW
The Agitation In Favor Of the Rehabili.
tation Of Silver.
INTERNATIONAL AGREEAEHT DESIRED
Washington Government Thinks Other Coun
tries viii Be Willing Hereafter to
Share the Monetary Burden.

WASHINGTON, May 9.-The agitation in
Europe, notably in England, in favor of
the rehabilitation Of silver il regarded by
the administration as strong confirma,
ton of the correctness of the principle to
which President Cleveland has stead
lastly adhered-that true, stable parity OF
gold and silver can be established and
maintained only by agreement between
the great financial nations.
With this conviction, 1t is set forth, be
has been obliged to resolutely oppose all
attempts at individual action by the
United States, and when the extreme
silver men have declared that there was
and could be no hope of consummating
the desired international agreement the
president has replied that firm and
steadfast adherence to the line of policy
initiated by the repeal OF the silver pur-
chase sections of the Sherman act must
inevitably bring about the desired result.
One purpose in view then was to relieve
the United States from loss and danger
through efforts to maintain, unaidsd by
any OF the great financial powers, the
integrity az money metal of vast sill
yer circulation. Europe had prospered
under the old conditions and wae well
satisfied to allow the United States to
bear the burden.
The presidents theory was that by
suspendiDg further efforts in that d.
rection the United States would cause
the European nations to feel the need oil
larger circulating medium and to at
least share with US the hardships oil
monetary stringency.
No great importance ia attached to
Mexico's attempt to secure another con.
ference, though it lie not true that the
president has refused to join in the move.
ment, Tor the Mexican government has
not made any tangible proposition, but
has confined its efforts to sounding other
governments to learn how a formal invi.
tation would be received.
Notwithstanding the rosy promise held
out by the European agitation, our gov.
eminent is not convinced that salts
factory international agreement can be
reached at present, or even in the near
future. The pressure has not yet become
30 severe az to warrant the belief that
ouch nations as Great Britain and Ger
many are ready to sbandon their long.
cherished convictions and take up the
double standard. Probably some kind
OF agreement might be reached now, but
according to the view taken in financial
qua. ters here 1t probably would not
realize the desire to put silver on per.
feet equality with gold, and it is thought
would postpone indefinitely that restora.
ton.
Therefore it is possible that our gov.
eminent will pursue conservative
course, declining to take the initiative
again in view of the fruitless conferences
already held, and bide it's time until the
European powers, and particularly Great
Britain, are prepared to invite the United
States to join in conference which shall
have before it some distinct proposition
looking to the rehabilitation of silver,
and with sufficient power lodged in the
members to insure a practicable out
come.