The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-11-10
IDEA TO BE SUGGESTED TO CONGRESS.
News of McKinleys Intention Communicated to the
Sound Money League.
Semi annual Meeting of the Executive Committee
Declaration for the Gold Standard.

ter times, and I would now suggest
that the league come out boldly and
ask the president Of the United States
to proclaim the gold standard as the
money basis Of the United States"
President Leighton thought 1t highly
inexpedient for the league to commit
itself on this point at the present time.
M. E. Ingalls,, Of Cincinnati, said:
'"The result Of the recent campaign
shows conclusively that the South will
again drift back to the Democracy and
free silver" Continuing, he said that
"the great danger now is in a tendency
to drift into a new banking business
law, which to the country will be
fraught with danger"
On motion of H. P. Robinson. Of Chi
cago, it was resolved that g. commit
tee be appointed to receive and con-
slider the report of the monetary COM
mission when it is made and to call
a meeting of the executive committee
If it Is considered necessary that ac-
ton be taken. A committee comprised
Of Louis r. Enrich, Mr.. Leighton, Sec
retary Smalley, Gustav H. Schwab and
William G. Cornwell was appointed to
prepare a declaration on international
bimetallism to the effect that bimetal-
lism Is dead and that gold should be
the standard of the country. A recess
was then taken.
Before re-assembling the members of
the committee stated that President
Mckinley had stated his intention Of
recommending In his next message to
congress the advisability Of separating
the issue department of the treasury
from the regular government expense
accounts. In other words, 1t will be
proposed to hold the gold reserve as
redemption fund for greenbacks, to
make the gold and greenbacks inter-
changeable. 1t was said that President
Mckinley had spoken freely on Mon
day with a prominent official of the
National Sound Money league on this
question.
When the committee resumed its ses-
sion, Louis r. Enrich, of Colorado, as
chairman of one Of the subcommittee,
read the following address:
The executive committee of the National
Sound Money league, In behalf of It's mem
bers throughout the United States, issues the
following address:
international bimetallism as world pos
Sibility is dead.
Let us recognize this The International
bimetallic commission appointed under the
ST. Louis pledge of the Republican party,
have made strenuous efforts on behalf of
this policy. Those efforts have proved futile
The commercial necessities of the world have
demonstrated that dual standard is CONNER
cially unacceptable and, in the pres
ent stage of civilization, is impossible. The
hour has come, 1t seems to u.s. when a ma
tional recognition Of this fact is necessary.
The situation demands a definite, clear, un-
equivocal declaration that international BIZ
metallism is a dream of the past. The
United States must proclaim their accept
ance of the world fact and plant them
selves finally on the single gold standard.
The proclamation Of this monetary posi-
tion will quicken our commerce, increase for
eign investments and make permanent and
prosperous conditions which have begun to
manifest themselves in our country. We in
vite the friends of sound money and all who
would contribute to the well being and safety
of our commercial life to join in bringing
about the unmistakable declaration that
now and henceforth the monetary system of
the United States shall rest on the single
gold standard.
The next meeting of the league will
be held in Washington during January.
1885,