Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1903-02-05

President ROOsevelt's. message 70
Congress, transmitted last week,
constitutes q most remarkable re-
cognition OF some of the monetary
theories advanced by Mr.. Bryan.
Accompanying the Presidents COM
munication were notes received
from Mexico and China requesting
the United States to join with them
in an international movement TO
Establish standard for silver the
depreciation and fiuc3uation Of which
was causing untold loss TO the coun-
tries named and TO the Philippine
and French and British colonies. \
In view Of the fact that demonitiza-
ti0n has resulted in so serious a
depreciation of silver, is suggested
that the ratio now be fixed as 80 TO
!. The President requests that he
be empowered TO take the steps
suRgestde. He has also requested
that Congress authorize the appoint
ment ofthree commissioners to meet
with commissioners from the coun-
tries named and an effort will be
made 10 inlist the cooperation Of
Great Britain and France.
-
Addressing himselfto the subiectof
the proposed plan, leading member
Of the Senate, and one who has most
vigorously opposed every theory
advanced by Mr.. Bryan, said 10 your
correspondent. ION its surface the
plan appeals TO me. II we were to
insist ON gold basis in the Philip
pines and il were to become neces-
sary for all the silver using coun-
tries TO follow suit, il would GER
tainly prove a severe strain on the
gold supply Of the world and pro-
badly result in an appreciation ON of
our own currency. OF course, this
is not a scheme for q silver standard
but for gold standard with practi-
cal bimetalism. The gold would be
the yard stick by which the silver
would be measured. The increased
and steady demand for silver would
probably prevent further deprecia-
ton Of the value of that metal which
is seriously affecting all silver using
and producing countries. AS great
producers OF silver we are of course
vitality interested in anything which
can be done for silver. I hope and
believe that the scheme will be found
practicable and that all the silver
using countries aud all countries
having silver using colonies will
agree on establishing the value on
o basis of 30 to l.
-.
BY singularly clever tactics SEN
ator Quay has placed the republican
senator's who are opposed to State
hood in q most difficult position.
He has secured the attachment of
Omnibus Statehood bill TO the Agri-
cultural appropriation bill and pre-
diets similar attachment TO the
sundry civil and the Postoffice ap-
preparation bills. The administra-
tion senator's have already counte-
nanced the attachment of the Gener-
al Staff bill 10 the Military Appro-
priation bill and have thus estab-
lished, at this session of Congress,
o precedent along similar lines.
Having accomplished this, Mr..
Quay has announced that he will
not further press the Statehood bill
ON the floor of the Senate and thus
the republicans are afforded an on
pOrtunity OF demonstrating the sim
cerity Of their desire TO enact anti
trust Legislation.
-
When the agricultural appropria-
alton bill comes up for passage
point of order will be doubtless
raised Mr.. Quay will cite numer-
Gus presidents for his action and If
the question is permitted to come to
q vote the Statehood majority will
decide in his favor. The only re-
naming hope of the republicans in
preventing the passage of the State
hood bills lies in their ability TO talk
on the point Of order alluded to un-
Til the end Of the session. As this
would defeat regular appropriation
bills il would necessitate an extra
session Of Congress. The repub-
licans declare their intention of TAX
ing that step If they cannot other
wise block the Statehood campaign,
but the Statehood senator's de-
clare they arc bluffing and a CON-
promise is in the air. 4
-.
Not Since 1897 has there been
such hope Of recapturing popular |
favor among the democrats as there
is today. Present indications are |
that the republicans in Congress
will fail, in every instance, to carry |
out the will of the people. No eff
fective antitrust Legislation will be |