Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1898-09-13

Omaha. sept ii--one Of the most
distinguished gatherings Of financial
students and authorities ihai ever as
semblcd opened a ,hrac days session
a. the Nebraska building on the expo
sI;ion grounds this morning. Scarcely
a VOL known name on either side o:
The Grcag currency problem which has
been 10 long before The American pso-
pie but Is represented on the program
Tor Get paper or a part In the running
debate.
Hon. j. Sterling Morton Is presiding
today. Horace white % New York.
Edward Atkinson. Congressman Fow-
Ter Of New Jersey. Editor T.. Roblnfon
OF she Railway Agc, Louis u. Enrich
OF Colorado sprngn Former Senator
Carey OF Wyoming and Governor
shaw of Iowa. are 10 take part In the
program. Mr.. Atkinson IL not here
owing 70 Illness. his paper being rad
by AIR. Morton.
Messrs. Warner. Towns. Bsrtine.
Weaver. Reynolds and other leaders Of
the silver aud paper money sides are
20 take par, Ia the join; debate today.
Shortly after 10 o'clock Mr. Morton
called ihc convention 60 order and
without any unusual Formally beyond
a row words OF explanation and well
come. said.
lie said As president ~ the Ma
uonm sound Money League I call this
aaaomhlafc 20 order.
Gentlemen, you have been convoked
Tot a patriotic purpose. That purpose
u 20 candldly discuss the money quca-
ton, with the Intention Of ascertain
iug the best currency FOR conserving
the prosperity. strength and honor VI
the American Republic.
Three questions demanding your
solution are.
"onc II {, the GScd legal ratio on.
acted between the coins which governs
thc relative value Of the metals In bull
llon3 or.
Two. IL :, the relative value OF the
metals In bullion which governs the
relative value Of the coinH7
Three. n no single and separate
state can maintain q fixed legal ratio
between the metals when coined IN un-
limited Quantities. can an intcrnn-
iional agreement among the principal
mercantile countries Of the world do
500
'You enter upon this inveatisation
with zcalouH Intention Of finding the
truth Your love OF country prompts
you 10 make this inquiry and IL over
throw error and establish truyi.
MT Edward Atkinson, the dis
tinrulHhcd economist and publicist ~
BOSTON, was prevented from attending
because " m health Therefore no
aont 10 mo for presentation on this oc.
cnHlon hlH paper entitled Force nlls'
or Legal Tender And without further
prelude ] proceed 20 Rad H."
There was no debate OF Atkins1n's
paper, ana Edlinr Horace white, % the
New York Evening Post. opened the
conference proper with a paper %
The History OF the Gold 0iandard"
Mr. white said that he had treated
the history OF the gold standard at the
worlds Congress % BANKERS and VI.
nanclcra at Chicago In 1899. bringing ID
down 90 that date. The world had adj
vanced In knowledge since that time.
ana the subject was not 90 Interesting
now AZ II was then. The history OF
the sold standard was narrative OF
attempts on the part Of the govern
mcnts and peoples 20 make two metals.
variable Ia thrlr nature, stable IN ref
oronce TO each other. These attempts
N'A' NhN'AA hAi AAAAlNf INC nuihnlt OF
blmctallsm was like the pursuit of an
lgnlH fatuua. The nations, one after
another had abandoned n. 10 that In
1893 an countries % any commercial I'M.
pofance except four had adopted the
single gold standard. The four were
India, chill, Japan ana Russia. All
four were then Hllvcf-Htnndurd coun-
tries, AZ have since adopted the gold
standard, or have taken steps 70 that
end. The only nation that has gone
back from gold 10 silver u Spain, and
this has been In Onaequcnce Of he re-
cent mlafortuneH. MeNicon and China
are the only countries Of any magnitude
that voluntarily preserve the silver
standard. There were no timetable
countries now. A. 10 International BIZ
mcialism. hr. White thought "a, SEN
ator Wolc0tt had preached ~ funeral
sermon after he came back from his
fruiiless mission some six months ago.
Mr.. white next considered the conf
mon saying that there ls not 49,
enough la the world 10 do the business
OF the world, tie could prove that
there was enough gold 20 10 our busi.
ness. our stock 81 gold had In reused
about one hundred and eighty million
IN little more rhan one year. our hold.
lngs Of gold were wore now fully eight
hundred and ifty millions, being larger
than those OF any other country In Tho
world, and u was perfectly absurd 10
say that there was not enough gold 10
do our business with.
MI white thought that more In