The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-14
BIsIE1,ALLISM.

The Tribune of yesterday morning
said:
A morning contemporary thinks that
bimetallism is an iridescent dream, or
something TO that effect; tells of the
attempts made IN the past to reach a
conclusion on thar point, and the in
potent failure which succeeded every
attempt The truth is, no rea; attempt
has ever been mace. Every atternp,
thus far made has heeE under the
direct control OF the European creditor
class
Intentionally or not, that conveys an
absolutely erroneors idea as to what
The Herald said. L conveys the idea
that this paper holds that there is no
hope for bimetallism; in fact. that il
is. not in favor of il. Our contem-
porary, and everybody else, knows that
the cause of the free and Independent
coinage of silver at the ratio of 16 TO
was advocated by The Herald in the
late campaisn and before win all its
might. Had our contemporary said
that this paper thinks the restoration
Of blmetallism through an information
al monetary conference is an iridescenc
dream. it would have stated our po-
sition exactly. What The Herald said
Saturday morning. and upon which our
contemporary based its remarks. was
this:
What is the good of an international
monetary conference anyway? Is it
again necessary 30 approach the va
rious gold standard countries with
propositions Cor a restoration of silver
TO its former place as a money metal
to find out anew that they viii do
nothing? Were il not for the rudeness
of the thing. the ma ions to he sounded,
if anything comes to the plan this eau
Gus viii formulate. would probably say.
How many times do you wish us TO
say no.. before the fact that we mean
no dawns upon your"
Even our contemporary does not say
that any good ever has been accom-
plished by these conferences, bat de-
clares that 10 real attempt has ever
been made. That is not So certain.
that this country has given no ulti-
matum on the subject at any confer
ence. is true, but an ultimatum can
scarcely be given out at a friendly
conference TO which the leading ma
tons voluntarily send delegates. No
one is better aware than our contem-
porary of the four propositions sub
mitted by Mr.. Evarts on behalf OF the
delegates of France and the United
States. and in the name of their re-
spective governments. at the third con-
ference, which were as follows:
/ That the depression and great
fluctuations of the value OF silver rel
atively 20 gold are injurious to com
merce and TO the general prosperity
and the establishment of a fixed rar;o
of value between them would produce
the most important benefits 10 the
commerce of the world
2. That a bimetallic convention en-
tered into between an important group
of states for the free coinage OF both
silver and gold at a fixed ratio and
with full legal tender faculty would
cause and maintain stability in the
relative value of the two metals suit
able to the interests ard requirements
of commerce.
8. That any ratio now or lately in
use by any commercial nation. if so
adopted. could be maintained, but that
the adoption of the ratio of 15H 20 /
would accomplish this object with less
disturbance TO existing monetary sys-
TENS than any other ratio
4. That a convention which should