Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1897-04-10

Boutwell,. Mr.. Bowen nor Mr. Gibson in
separate minority reports. concurred in
the recommendation of a new ratio OF
151a to 1 for silver. Nor did any of the
recommendations of the commission find
favor in the sight of the National Legis-
lature- But the report undoubtedly led 10
further inquiry in connection with ~cher
nations. which has come to be known in :
American history as the Interna tional
Monetary Conference of 1878
For International BimetaIlism.
By the act of Feb. %, 1878. President
Hayes extended an invita- ton to the ma
tons of the world to meet and discuss the
establishment of relations looking toward
international bimetallism. and in August
OF that year representatives from the
leading nations of Europe met the distin-
guished delegates of the United States
In Paris under tbe auspices of the French
Minister of Finance iExGov.~Reuben-
f. Fenton, of New York. was the chair
man. Gen. Francis A. Walker and w. s
Groesbeck his associates, and s. Dana
Horton, a well known authority on BIZ
metallism, the secretary of the delega-
ton; all except Mr.. Groesbeck were Re-
publicans. As Mr. Horton was courte-
ousiy given the same rights on the hoor
OF the conference the others the Re-
puoiicans preponderated. This is the
more significant when taken in connec-
ton with the reply of the Americans 20
q majority of the European delegates
This reads:
The representatives of the United
states fully concur that it is necessary 20
maintain in the world the monetary func-
tons of silver well as those of gold.
and they desire that ere long there shall
be adequate. co-opera ton to produce the
result.
In regard to the third and last propo-
sltlon they admit that some of the States
which have the double standard or, as
IN l4%I, tale Ind
IL Impossible to enter into a mutual en-
gagement for the free coinage of silver.
Iney, as representatives of the United
states have come here expressly to enter
INTO such an agreement. The difficulty
IS not with them. and whatev it may be.
tney trust that it may soon be removed.
This final statement signed by all the
americans. taken by itself. shows more
clearly than columns of explana ton what
the Republican party meant at St. Louis
| by declaring in its platform for the free
|. coinage of silver '.by international agree
ment with the leading commercial nations
| or the world. which we pledge ourselves
| to promote" -t. .. .-r.. .-ss
AT the meeting in Paris in 1878. Ger
| many alone of the great commercial ma
tons of Europe was absent. To the as
| seInbled nations the Republican party of
the United States, through three of its
distinguished members, proclaimed it's
anxiety then and there to enter into re-
sclproeal relations for the free coinage of
| silver. What was done then will be done
again during the Mckinley administra-
| tion,5 and. will be explained shortly
with every hope of@success. ,ftii o
17 The Conference of 1881
Specie payments were resumed Jan. I.
1873, and President Hayes was again a,I-
thorized to send delegates TO an interna-
tional monetary conference, held, like the
one preceding,in Paris. The United States
was there represented by William NJ. Ev-
| arts, lately Secretary of State; Allen G.
Thurman, late United States Senator
from Ohio; I. o. Howe, late United
States Senator from Wisconsin,. and S.
| Dana Horton, whose services at the for
mer conference and whose authoritative
writings on bimetallism entitled him to
| the distinction. All the delegates except
| one, Mr.. Thurman were again Republic
| cans, though the Congress which passed
| the resolution was Democratic in both
| branches. The sessions began on April
| 10. 1881, James A. Garfield being Presi-
| dent of the United States. ~
l. The report of this Paris conference of
| 1881 is filed with statements which at
| test the ardent support OF the doctrines of
| bimetallism- What the 1anented Garfield
had said in his inaugural regarding the
| precious metals was the basis upon which
! all the delegates of the United States
| stood throughout the ,protracted argu-
| ments. President Garfield expressed
! himself as follows: z.-. ,-s.--
| '.By the experience of commercial ma
tons, in all ages, it has been found that
| gold and silver afford the only safe foIln-
| da ton for q monetary system. Confu-
4 sion has recently been created by a varia-
| ton in the relative value of the two met
ais: but I confidently believe that ar
] engagements can be made between the
i leading commercial nations which will Sc
/ cure the general use of both metals
If possible, such an adjustment
/ to be made that the purchasing power of
1 every coined dollar will be exactly equal
! to its debt paying power in all the mar
I kets of the world ,f- So, ,-.
To the same effect read this extract
| from Mr. Horizons note presented TO the
/ conference. in relation to the Allison
/ Bland bill: by the law of Feb. %. 1878.
| the United States became a teacher of re-
4 form monetary doctrine The United
/ States proposed to Europe concurrent
+ coinage of silver and gold at one ratio,
| with view to their convenient use in the
| countries of the proposed union and the
| comparative steadiness of their relation
! to each other everywhere. 800,
The Brussels Conference.
The last international monetary confer
| once was held at Brussels Nov. %, 1892,
| BENJAMIN Harrison being President of
| sernblages of the kind the American rep
resentnt ton was largely Republican, its
members being Senators William B. ALI
! son John 2. Jones. JnmeseB. McCrea ry
| Henry w. Cannon. E. Benjamin An
| drews of Browns University, and Edwin
H Terriil Minister of the United States
to Belgium. The object they had in view
| is indicated in the letter of instructions
| with which they were supplied by John
1