The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-11-19

wb;o Jheonu-Sllver international coins
a mmief fu may be known as globe dollars
nomnotionnn >; tnereof, bearing their De
tne one side and an international svmb ",
~ Mi.h me names of the Union states or
ohe other. to be coined and freely az
f or ~, i9r gold coin or its equivalent CT
~ ..nS SLver bullion at the market price.
Ihlrd-Heavy bars or blocks Of siivo,
60 pe numbered and stamped with tha;,
h hu, International coinage value for use in
transfer. Apoi' vi uohes'le
no sshi.ourthl-Certifcates to be used on de.
post OF silver at the market value, or ot
those proposed values of bars or hloc,,s
!, Flfth-!nternational coins. bars
9aocks and certificates to be receivable
for pubic dues and to be exchange, nie
aor god at the central mint and at its
agencies in all countries of the union. "
49, olxth-Al profits of the coinage
stamp and issue of certificates for bullion
70 De placed in reserve fund, invested
~ ~ stable government securities to secure
t the parity OF this currency with gold
TO be added to the fund.
"Seventh-The coinage stomnogo or
issue or certificates to be curtailed whom
ever the demand for exchange into gold
| indicates redundancy of either
Eighth-The mint and fund TO no
lnanaged by commission, consisting of
representatives nominated by the govern
ments Joining the union, one from each
country; but all matters of general
pollcy to be determined by majority in
interest as well as by majority in
being determined at first by the value Of
lts external commerce and later by the
amount of International currency oc-
tually taken by its citizens"
II, he said. in conclusion. "a Sc
cured international silver currency can
De successfully established, it NAV serve
an the public purposes of bimetallism bet
Ter than bimetallism itself and without
any of its risks"
', DR.. Satello, representing the republic of
venezuela. made brief address in which
he said that Venezuela is with America
ana expressing true fidelity to the in
terests of the United States. Three
nearly cheers were given for Venezuela
ana the sister republics of Panama at
the conclusion of the address
j.. H. Collin of Iowa presented n reso
luton, which was adopted under suspen-
sion OF rules, urging the Punishment by
act OF congress of all saloons in the city
OF Washington and in all other places
"m.ic couSTeSS mas control,
Inc following committee was appoint
ea 10 present to congress the memorial of
the farmers congress under course of
preparation:
Messrs. b. f. Clayton of Iowa, T. B.
1lardy of Kentucky. w. b. Powell of
pennsylvania and William Lawrence of
Ohio. VI
The memorial which is to be presented
10 congress, and which will be adopted
without change. was written by Judge
lawrence, chairman of the committee.
The memorial covers the whole subject
OF protective tariff relating to agricul-
1ural interests 1T quotes from the adj
dress of President Clayton the statistics
ne gave showing the operations of the
wilson tariff bill as compared with the
Mckinley bill of 1890. 1t then says in
order to give effect to the policy of pro-
lection three things are to be observed:
,flrst-That American farmers can sup
ply nearly all farm products in sufficient
amounts to meet the needs of the Amer
lean people.
Second-As to farm products. there can
be no combination or monopoly to exact
eXOrbtant prices.
Third-It results from those facts that
as to such farm products the duties
should be such ms to secure to American
farmers the whole American market.
Among the products where schedules are
to be required, are cotton, hemp, flax.
wheat, corn, barley. oats, potatoes. hops, |
dairy products, garden vegetables, poul- |
try eggs, live stock, many kinds of to- |
bacco, apples and other orchard fruits. |
AS to sugar, wool and flax, which the |
American farmer can sufficiently produce |
to supply our needs, the duties should |
not be prohibitive, but they should be.
amply protective so that in due time we
should be able to supply all.
The memorial then quotes statistics to |
show the effects of the wool act of 1894 |
and recommends that congress shall en-
act the wool tariff law agreed upon in
December last by the National Wool
Growers association at Washington.