New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-01-29
roR A MONEY CONFERENCE.
,r R1IL TO APPOINT COMMISSIONERS
TAKEN UP IN THE SENATE.

.,o,rsroxs OF THE MEASURE EXPLAINED By
Mr.. CHANDLER--MR. HOAR HAS AMUsE-
MENr AT MR. STEWARDS EXPENSE
u-.shngton Jan. 2s-In the Senate to-day the
80, "a nroyide for the representation Of the United
-. hv commissioners at any International None
~ Conference was taken up. and Mr.. Chandler
o., ~ HO addressed the Senate In support of 1t.
He said:
This bill represents a new movement beginning
+, ,he United States for the establishment OF BIZ
,.,,s,n the unlimited coinage of silver and gold
,sard money The provisions OF the bill are
." ~, form, desired by its friends substantially
- tho language Of three previous authorizations
- which United States delegates were appoint
:, % International Monetary Conferences ana OF
-. under which action was taken. IL Simply
..o-zes the coming President to appoint dele
.,es 10 any conference which may De ca''eo oS
I-,,,ed States or any other nation, and PROVIDES
49, ,sv,nr their expenses. 1t does not compei 'ne
r,sdent 10 initiate an international conference
- tho time has arrived and due preparations
-. heen made for il or not; ana IL IL not oesn-
ho that such compulscn should be oruereu' nc
.rs,,,l,tv for action non action VIII oe MS
-. ,oed he no desire to take IL from him IN
s :, h,s utterance upon accepting the nominal
ton OF his party. nameiy .. -.
g The Republican party has declared IN lAvor Vi
,.o-,ational agreement, and. II eiec'eo f'eS'-
a.. q will be my duty TO employ all proper ''ea's
10 promote It. 49,. ,r,o-o n CON-
-, hill does not name the place where d 00''-
I"e us, he held but leaves that question to
..,s according to the preferences OF the ma
ue .,oh are 10 participate in it. and TO the con-
,snce Of the greater number OF the ue'ee"'
:, o,ld be exceedingly unwise aosolu'eIs !"
,ro that the conference shall De he'u III '"'
United States. ,,.o r,at the
.n,s Government will be in case the con-
So I'LL Gail 10 establish bimetalism 10 III
legislative provision that IN such an e
49, United States alone Will proceeu " NV
,,ga Of silver would necessarily preNe"
,,l outcome OF the conference IL one $3.50
oroovar would certainly defeat the pass"eo
.A,, hill through both houses ana us S's"
-. ,na President 1t would be as coip'ee
" 49,, :. tho hill as would be a vote OIL the oeiia'o
- ,os.none IL indefinitely. and the respo -;
~ the first defeat of the new mo'ei'e ,,
,au,srn would fatally rest upon those VII" ~
o. he the special champions Oh SILVER. ,,
,, o,,erence has been deliberately presented
-, q majority of whose members are l"
:, the free coinage OF silver by 'he C"''
S.,,es INDEPENDENTLY OF other nauohs' an" w.
,s,sve that no successful result VIII IN ..
.ha conference. But II IS presented u '' " -,
,o,s, and after the assurance mat 'hes a..
.,,,,,rg 20 allow the experiment 10 De again ''ie,
- ssrorabla auspices and with universal
49, .h,, - NAV secure the adoption OF system
- ,,-,e,a,l,snn by the leading commercial nations
~ ,ba world 1t Is also presented IN the io'iH "
q nre<erred bv the friends OF the measure WI"
,ave faith that 1t will prove useful ehecuse anu
ooossfrl IN its great purpose. 1t depe'ds lot us
,assaya unon the votes OF those senators VIII nave
- f,,,, They can defeat It by direct votes
oco,rs+ +, They can defeat 1t by amendments ue-
s,ructiye OF any hopeful scheme ior ar i.'e'
.,onal agreement Such a result, MT rie',",
Will not anticipate. but will ask IN the puono III,
,arss, for the speedy and unanimous ADOPTION OF
the bill az 1t Is now proposed lor the co"su
nd decision OF the Senate
In conclusion Mr.. Chandler appealed 10 MT Cai
non O2ep Utah withdraw his arnenenle 51,, ie
during the holding Of the conference IN INC ON''eu
Mr. Bacon Dem Ga9 asked MI slds1 Gha an lss
MA safes power to call such conference II
he decided that ii was advisable 10 40 SO ,aao
of the bii authorizes the President to initiate
a conference. and that authority me Isl eI,e
not hesitate TO exert Cor moment II ne oeheVes
that 4 conference ought TO De called: NM, oh,e-c-
Mr. Bacon asked whether mere was , any ooy ~
ton have authority specifically gwen 10 'he
WT Chandler replied that If there was any need
Of - he should have no objection; but the friends OF
the bill had conned i with the utmost care, and
sary implication. had the power TO call the con-
Mr. Chandler also appealed to Mr. Stewart pop.
New whom he spoke Of "the friend Of my life
time 10 withdraw his amendment which provides
nnent OF the conference gold and silver shall be
coined in the United States mnts-the silver into
standard silver dollars
embarrass or hinder the passage of the BILL but
he went on TO argue that the United States alone
should coin silver dollars on a fixed ratio with
After fix our own money" he was asked by
Nj Hoar (Rep.. Mass. and after We conclude
coined at our Mats certain ratio would it not
be a coed thing if We could persuade the other
II think not Mr.. Stewart replied Il think II
would be very bad thing. In the first place. II
would rob US OF the advantage of acquiring silver
Let them stick to gold. Although the bill Is very
Illuminating 10 the United States. in that IL requires
other nations give their consent to our legisla
lion. shall not oppose It's passage
yielded the floor for moment to enable Mr..
Bacon 70 offer an amendment the bill authoriz-
ing the President of the United States to CALL in
Ms discretion. such international conference. TO
assemble such place may be agreed upon.
Mr.. Chandler. referring 10 the amendment. said
that while he did think IL necessary. he had
no objection il. and therefore he entirely
willing that it should be adopted.
MIR. Stewart then went on with his speech. While
the people, and when he used the phrase you are
responsible for all this" Mr.. Hoar asked him
;ocuarly. whom he meant by YOU Did he mean
the vice-President? Oaughter)
When say you Mr. Stewart exclaimed. ~
mean every servant Of the British power | mean
every man who likes 70 see the Door miserable
and the rich happy | mean those who want to
nave stronger government here TO keep down
the rules OF the Senate the word you used by
the Senator the Vice President: and II IL
GUY OF order TO attribute all these disgraceful
Mr.. Stewart resumed his speech. and said that he
~~oud allow the bill TO pass in any form that its
Al the close Of his speech the bill until
tomorrow. and the Senate went into executive
session.