The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-11-12
FARMERS And SILVER
In Their Congress hey Suggest That
the War Go On.
FOR INTERNATIONAL PLAN
General Stone submits a PROPOSE
tlon-de Proposes That "Ciobe
Dollars" he Coined and Ex-
plains In Detail.

Initiative and referendum: also grad
ed land tax. J. Adam Bede of st. Paul
said he was a democrat. but that he
knew silver could only be mined by the
wealthy and by great corporations and
they alone could get any profit out OF
1t. A resolution with a decided silver
ring, introduced by Mr.. offut Of Indi-
ana, was substituted by the following
resolution by the committee on reso-
lutions and adopted, against Mr.. Of
fut's protest:
Whereas, The general concensus of
opinion OF the people OF the United
States is that gold and silver coin on a
just parity of value should be money
OF ultimate redemption without the
limit in which this farmers national
congress concurs, but differences of
opinion exist as to the best method by
which this policy may be secured, and
Whereas. The recent election re-
suited In favor OF bimetallism by inter-
national agreement of commercial ma
tons; therefore, be 1t
Resolved, That the farmers nation
al congress urgently requests the in
coming administration Of the national
government to speedlly adopt all prac-
tioable methods to obtain concurrences
Of a sufficient number of nations to Sc
cure international bimetallism with
the unlimited coinage Of gold and sill
Yer as equal money of REDEMPTION and
thereby restore bimetallic prices for
the worlds commerce"
Mr.. Lawrence, chairman of the COM
mfttee. said the committee. with one
exception. were Of the opinion that the
resolutions expressed the opinion of a
vast majority of the people Of the Uni
ted States and that the substitute was
q proper one.
This afternoon the session of the
farmers national congress was devot-
ed to the reading OF papers of interest
to the agTicunurist. One paper on
good roads and benefit derived from
them was read by Otto Dorner of Wis
consin, member Of the executive
board Of the League Of American
Wheelmen.
Gen. Roy Stone Of the agricultural
department at Washington, read a pa
per on the silver question after the
election. as fol}ews:
"First-That an International mint
be opened under the auspices and man.
agement of the governments of the
chief commercial countries of the
world.
"Second-silver international coins,
which may be known as globe dol
lars and fractions thereof, bearing
their denominations in shillings, francs,
etc, on the one side and am interna-
tional symbol with the names Of the
nations on the other to be coined and
freely issued in exchange for gold coin
or its equivalent or for silver bullion
at the market price.
"Third-Heavy bars or blocks OF sill
yer to be numbered and stamped with
their full International coinage value
for use In bank reserves or for export
or domestic transfer.
'Fourth-Certifcates to be issued, on
deposit of silver bullion, at the market
value Of these proposed coins, barn or
blocks.
"Frfth-The International coins. bars,
blocks and certificates to be receivable
for public dues and to be exchange
| able for gold at the central mint and
at Its agencies In all countries Of the
union.
"Sixth-Ail profits Of coinage, stamp
age and issue Of certificates for bullion
to be placed in the reserve fund, in
vested In stable government securities,
to secure the parity Of this currency
with gold. the interest arising from
such securities TO be added to the fund
"Seventh-Coinage, stampage or is
| sue Of certificates to be curtailed
whenever the demand for exchange
| into gold indicated redundancy Of
| either.
"Eighth-The mint and fund to be
managed by a commission consisting
of representatives nominated by the
governments Joining the union, one
| from each country. but all matters Of
| general policy to be determined by a
| majority In interest as well as by a
| majority In numbers the interest of
| each nation being determined at first
| by the value Of rs external commerce
and later by the amount of interna-
tional currency taken by its citizens.
| IT." he says. in conclusion, "a se-
| cured international silver currency can
be successfully established. 1t may
| serve all the public purposes of blmet-
| talism better than blmetallsm itself
| and without any Of its risks. II makes
no sudden and extreme demand upon
the confidence OF capital. 1t win not
] unduly stimulate the production Of sill
yer. II will broaden the metallic base
| of the worlds currency; and while IL
Will not at once restore a par of ex-
| tihtnSt bttWttu bplu anu silNtr cOun-
| tries. II will give stability to business
by a steady approach thereto. 1t will
take the whole subject out OF the
realms of doubt and controversy and
| give season of financial peace to the
comercial world. Ii may even give
| political peace to the American union. 80
\ DIR. satello. representing the repub-
lie OF Venezuela, made a brief address
/ In which he said that Venezuela is
with America, and expressed a true
| fidelity to the interests OF the United
States. L. S. Coffin Of Iowa presented
resolution which was adopted urg-
| ing the banishment by act OF congress
| OF all saloons in the city Of Washing
ton and in all other places where con-
| zress has control. The memorial.
which Is TO he presented to congress. is
written by Judge Lawrence. chairman
| Of the committee. The memorial COW
e-s the whole subject of prot sctlve du-
ties relating u agricultural interests.
| II quotes from the address Of Presiden,
| Clayton Of the congress the statistics
which he gave showing the operation
| Of the Wilson tariff bill. as compared
with the Mckinley hill " 1890 The
| memorial then quotes statistics %
show the effect OF the wool tariff law