Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-06-22

were open 60 the irgy coinage Oi silver.
10 the experiment VI maintaining the
parity NJ tire tHu metals NJ cOiuage
standard was Inn 1ult tneu, 81 would
seem to b. p0siuvely hopeless now
without international agreement Ger
many, France, Bllgium, Italy and
Austria believe iu double standard
aud desire to establish o., hut mo- one,
two OF three Of them deem thomsslvos
able 10 maintain tue double standard,
even with the cooperation Of the
United States. 40 the result Ui tue
measures proposed would be TO carry
as toA silver basis, it ie not felt here
that such q proposal would be 10 liue
with the principles OF tue Democratic
party.
"And It Ia also felt, aside from the
absence OF any Democratic Principle TO
sustain ~, that you cannot have tuch
70 disturbance of value R8 would com
from changing from gold 30 silver
rnsis, without tucn shock 10 u0uii-
duncc, tue boarding oil g0id and con.
traction " our available circulating
medium, Ms would bring, IN the opiu-
ION Of our people, the greatest IaIic
anu distress We have ever seen In this
country. The creditor classes are pre-.
pared for H.. The obligations, mort
gage, railroads ana otherwise, are
quite generally payable ~ gold. Debts
would siill lave 10 be paid In gUlu, but
wages 10 silver. The euflerofH, a.
usual, would be- the poorer classes.
"rhis movement, pufpottiug 10 be
IN tue Interest Of the ioiut standard,
comes ut a moot inopporiune time, In
my opinion. There has never been a
time when the prospects Of interua.
tiounl action favorable 10 the joint
standard were nj all us promising rs ~
the present moment. But an HAD
Weed, uniucceas.ul attempt here would
discrudit the cause tho wOrlJ over.
"From the discussion OF the lasl
twenty years II has come TO pass that
among the pefsons iu Europe who arc
Trained, recognized scientists upon
monetary AMI economic questions,
scarcely one IL not at tue prrtont mo
mcut advocating tbs Gdvisability ol
| the Joint slandatd ~ the solution Of tht
monetary difficulty OF the world. This
Includes every professor engaged 81
teaching or occurring on these subiocu
iu the univefsitios OF Great Britain
They are agreed upon the ndVisabllitJ
VI u, and that Il 10 entirely practicable
! n established aud maintained BY
agtcenlunt with the principal CONNER
cini nations. /, would be expected tha
| with such general C1btenaus VI sciuu
ufc opinion ~ Is TO be found abroad
upon this subject II would come rapidly
10 10 tho generally received opinion
Of the nations 10 be affected by wis
settlement Of the problem. Or tie con
voutlun VI tue nations, Germany VA
| the orc that Ia 1892 practically urOk,
up III conferences when met nj TIT
suggctii1u VI the United States. Bhl
iusitugtrd her delegates TO meet au,
| iaIk, but 10 slate ~ tue conference
| that thb would not change her I'M
/ pUrinl standard. Aa her standard wa
| colt, That announcement ended al
| pJssibllty OF any practical result
| from that conference. Since that tim
anu within the last yenr her Legislative
! attembiies have specifically, by vote
Of instruction 10 her ministers, change
her attitude upol that point 30 tina
! tue rproltlC objection Of Germany en-
| cuunlCtei uy too conference u $50
has been since considered and with
drown.
at tho present moment Germany
France, lthly, Austria, Holland, Bel
gium aud tue United states wish I
cooperate for the establishment an
maintenance OF n Joint standard by IL
trTnAtiOnsl agreement, aud (most In
uoTtsnt ciTcumstHuccJ Great Britai
has recently, within three months, !
fact, made most important CUncei
/ sion, She has rniI: I'VE will 90 10
you AZ much as you can do Tor YOU
sulL We viii make this great c1utf
button 10 UimelalliGt system. View
go back upon our deliberately arrange
methods u providing a currency ~