The Globe-republican. [volume] (Dodge City, Kan.) 1889-1910, 1897-03-04
TRUE BIMETALLISM.
SOME IMPORTANT FACTS COM
ING TO THE SURFACE.
6eod Reasons for Belief That European
nations Generally Favor 1.-THE New
Tariff Law-Committee 1t Work
Other Natter.

80
make light Of the Republican efforts in
favor of bimetallism, and yet keep
their own action consistent in deter
mtnation whether they should or
should not vote for the bill authoriz-
ing President Mckinley to call an in
ternational conference. Every Popu-
list and Silver-Democrat who dis
cussed the bill took care to say as
many ugly things about it as posi-
bic, trying to make it appear that the
Republican party was not in earnest
in its professions of friendship for sill
yer or International action. They fail
ed utterly and having failed they put
themselves on record by voting for the
bill. although they abused the Republic
can party for bringing it forward and
pressing for its passage
The discussions have brought out
some interesting facts which every
man who has been following the sill
yer question, and especially the Ques-
ton of international action, will be
anxious to study 1t was shown by
leading Republicans at both ends OF
the capitol that the sentiment in favor
of international action is much strong
er in Europe to-day than it has ever
been before and the prospect for in
ternational action much better than
ever before. These statements were
made. by men whose views are of value
and were not mere "curbstone Opin-
ions" Senator Hoar, who visited Eu-
rope last summer to study this Ques-
ton, is thoroughly convinced that
practically all of the European coun-
tries except England favor interna-
tional action and that the majority Of
the government of England is also in
favor OF this action.
Senator Allison's comments upon
the present situation as compared with
that which existed when the last in
ternational conference was held, are
extremely interesting because he was
a member of that conference. Upon
this subject he said:
1T is well known by those who par
ticipated in the conference of 1892 that
Great Britain stood in the pathway,
and Germany also because then her
parliament or reichstag had not ex-
pressed itself as it has twice since in
favor of international bimetallism. So
the situation now is not what it was
In 1892, whether as to the government
of Germany, the government of France
or even that of Great Britain. 1t is
we'll known that all the governing
forces in France are now in favor of
International binetallism.
France, Belgium, Holland, Switzer-
land and Italy have in their circula-
ton 81, zoo. 100000 of silver money
which circulates there as domestic
money on a par with gold. which is
their standard of value. We have
$500, 900 900. or nearly SO of like mon
ey. Is it not the part Of wisdom on
the part of these countries to make
our domestic money interchangeable
without having behind it. as we now
are pledged to have. the power Of the
government to keep it on a par with
gold?"
Having shown these reasons why the
European nations are likely to favor
international bimetallism. Senator AL
lison proceeded to give his own views
upon this subject.
Il do not advocate this policy" said
he, because it is found in the St.
Louis platform. l advocate it because
l believe it is in the interest Of the
concurrent circulation of these two
metals in the world and because it pro-
NOTES the commercial interests of the
world to minimize the difference in
the power Of exchange between great
connecting trade countries. One or
the other Of those metals, so long as
these conditions prevail. will be the
paramount metal, the other will fluc-
tuate up and down in the markets of
the world. Which of these two metals
is to be paramount until we have the
concurrent action of nations? 1t is
that which is the standard money of
the nations having the chief trade Of
the world Who are those nations?
Are they China. Japan. or the South
American states, some of them hav-
ing a gold standard, some of them hav-
ing q silver standard and all of them
having a deprecated paper standard
but one?"
Commenting on the impossibility of
the restoration Of the parity between
xold and silver without international
action. Senator Allison said:
Here lies Europe with its silver and
cold. having q gold standard with q
trade twelve times IS great a tai Of
the trade Of all the silver countries
combined. Therefore unless we can
minimize this difference In the value
Of these two metals In the exchange
OF the world this divergence will 60
on and the people who have the silver
money are the people Who will be most
distressed In the exchanges necessary
to be made.