The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-03-07

| MONETARY CONFERENCE.

Contrary 20 many expectations. Mr..
Cleveland signed the monetary conference
bin. which passed congress last week. a.
though hs might. BY . pocket veto. Save
disposed Of the matter. The senate OIL as
IL passed that body. simply authorized ina
president 20 appoint commissioners 10 rep
resent the United States at any inter
national monetary or bi-nesallie confer
enee called 10 secure By agreement = Axity
OF value between gold ard silver. An
amend rnent vas made ia the house. and
concurre6 IN BY the senate. AUTHORIZING
the president 20 appoint special ENJOYS to
European nations TO sscgre by diplomatic
negotiation the object OF the conference.
While there are large number OF per-
sons. composed In about equal portions OF
rab6 free siiverites and equally rahld gold
rlaono-me.alIIsts. who psrslstentiy claim
that there 10 no prospect Of monetary
conference accomplishing anything. or
even coming to any definite agreement. the
fact Is that prospects were never before 40
good as they are az present for the meet
ing o, a conference which will really and
definitely settle the whole proposition.
Those who speak without knowledge OF
rho facts. while willing 10 admit that the
other countries OF Europe .ill 60 into such
a conference and abide by the result.
eiaim that England IL not prepared to
make a single move In the matter. and that
her action will necessarily block the whole
matter. As matter Of fact. the British
house OF commons has twice within A lit
tie more than two years passed by a unan-
imous vote resolutions favoring an inter
national monetary conference for the ex-
press purpose OF securing a stable none
tary par OF exchange between gold aad
siiver.
Lord Aidenham. president OF the British
Rs-meiallic League. in an article In the
London National Review. goes over the
recent history OF parliamentary agitstions
upon this subject. showing tina, the move
ment IN favor Of an International agree
ment upon the subject has gained force IN
the commons. In fSsa, IN 1880 and In 1875.
the house by substantial majority. voted
down resolutions looking to new inter-
national monetary conference. On the 18th
OF February 1896. Mr. II. l.. Everett moved
the following resolution: That this house
regards with increasing apprehension the
constant fluctuations and the growing d.
vergeuce in the relative value of gold and
silver. and heartily eoneurs IN the recent
expressions OF opinion on the part az the
government OF France and the govern
inent snd parliament OF Germany as TO
the serious evils resulting therefrom. II
therefore urges upon the government the
destrshliity OF cooperating with other
powers IN an International conference for
the purpose OF considering what measures
can be taken 10 remove or mitigate these
evils.''
This resolution was broader In It's terms
than any orc OF thu three which had been
voted down in previous years. but II passed
the commons BY a unanimous vote.
on March II. tses. Mr. n. whItsley moved
that ''thls house is 81 opinion that the in
stability OF the relative yalue OF geld and
silver since the action Of the Latin Union
IN 1878 has proved Injurious 20 the best in
,eresss OF this country. ard urges upon The
government the sGyisablnty OF doing al
IN their power to secure BY international
agreement a afa6le monetary par Of ex-
change between sold snd silver" This
resolution was also adopted by the house
commons by a unanimous vote. without
amendment or division.
Jsssging by this parliamentary record. 70
row rcaay 90 heartily join IN m inter
national conference For 8 settlement Of the
monetary problem on the basis of a com
p.ete restoration % silver 70 place "a the
currency OF al countries. on a fxed ana
stable ratio With sod. bot Is prepared 10
make many concessions 70 accomplish that
object.
The same magazine in Walsh this article
by Isar8 Aldenhsm appears contains ether
articles on Ire same subject from eminent
German and French authorities en- none
iary matters rron the article by Herr
Arsnc,. : meneor - the Prussia diet. Il
appears that resolutions e shs German
parliament. the rrassiao state council ard
the Prusslan diet. have passed asking re
government % contribute 70 an later
national settlement 81 the subject. Tie
international bi-ne,aslis;s far eutnu-aber
sAs single sold standard usa n TIE Ger
man parliament. Herr Area3t IS strongly
~ ne cqsaion shst Y rev conference -
held Germany wgl! sena tasreta eslega-
,fon IS markedly n favor q a resabs.ta-
ton Of silver az ire forster German aege-
CATION Vas oFposet thereto.
A. e TIE attltu3e % France O.. TIE sub
sect there nsveF Aas eeen any ceestioa.
France tAvors A. International agreement
ans rsstaysttoa ~ rs-1neta.tsun bv al
overTheinsnE majority cg az pc' seal Far.
t.es TIE pvezssaas - tha Hi-uesai.ae
Lsagae e FrAncc. u Neltus. IS Sow ths
pgire msgntsssv % France. II MareS e
sSsS. wAslc cat o. ofrce. NJ Maine intro
euoe3 gnso the Frsrcs CHAMBER - tepayses
= resolution. sixae8 BY ~ ts}ewstss. O.
near,y twc-;alr8s - TIE average yea -
strvnxsA - tat eeay. as s5Gowss
'@rae CLEANSER os aseaties Is ef onsetoa
saat tse cssaa,ssasaent q tnssynat.oaa3 b.
naetaltsns weusa be a great oeaest - sss
agricultural Industrial ara commercial ts-
terests C tas eaaa;ry. ard urkes apoa re
government re aav}sa ss.3,y - dolaS al
IN tAs-s power . essasllsa &n4 Es&lHs an